Six Budgeting Apps That Will Help You Lessen Your Expenses and Stick to a Budget
In these days of shortened hours, layoffs and furloughs, several people are struggling to pay their bills, college loans and rents. Solving these financial problems may take a lot of work. Thankfully, we have apps that can help us with our budgeting routine. These apps help us create a budget plan, assess our financial situation, and look for new ways to save.
- Google Sheets
Google Sheets is the best platform to use for DIY budgeting work. It’s basically an expenses tracker, and you can create as many categories as you want. If you want, you can add an income tracker and a detailed record of your credit card bills. You can even note if you used joint credit cards or a personal one using a drop-down menu. Customizing a sheet is a lot of work. Prepare to spend many hours tinkering with formulas and functions!
- Mint
Monitoring your spending habits is one of the most challenging parts of budgeting. It takes tons of time and needs many spreadsheets. Good news. When it comes to managing your finances, Mint is your best friend. Through this app, you can keep a birds-eye view of your spending and total assets.
The monthly budget feature is one of the most amazing tools Mint offers. There, you can assign various budgets to many things, including charity, groceries and rent. The green bar turns yellow and then red the closer you get to going over a budget.
- Buxfer
Buxfer is excellent for all-around accounting. Accounting is not always complex and overwhelming. This app is easy to use and learn, and flexible enough for beginners. It can download all the data for you, and allows you to manually enter your income and expenses. Furthermore, it can download your accounts, monitor your budget and follow your investments. It even lets you know how you’re doing using tables and charts. You will love its clean, user-friendly surface!
- Credit Karma
Want to keep your financial information secure? Credit Karma is one of the best apps you can use. It tracks your account for possible data breaches and monitors your credit standing. It also provides links to details about leasing a car, buying a home and other services. An entire section is dedicated to financial relief. This can be very useful for those people affected by the COVID-19 restrictions.
Credit Karma makes a wide range of suggestions for loans, low-interest credit cards and more. Unlike some of the apps mentioned in this list, this wouldn’t help you monitor your bank account and pay the bills.
- Digit
Digit is a reliable app that helps people save money through goal setting. Its interface is motivating, attractive and simple. You can make saving more convenient for you by using this app, linking your bank account and then setting a financial goal. Digit will track your spending, check how much you can save, and put away that amount for you. It even splits savings into multiple goals.
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