Lets face it, making a budget and figuring out what youre spending or making each month may not be your idea of a good time.Fortunately, managing your money is now easier than ever thanks to the help of budgeting apps.If youre one of the 70 of Americans that use mobile banking to keep track of your checking and savings accounts, then adding a budget app into the mix is a no-brainer.
![]() ![]() Best Money Managing Apps Free Mint IsMint Who its good for: Budgeting beginners Cost: Free Mint is one of the most popular budgeting apps around, and for good reason. Its a great, comprehensive tool for learning the basics of budgeting when youre new to managing money. Heres how it works: You sync Mint to your bank accounts andor credit card accounts. Then, Mint tracks and records your expenses, adding them to different spending categories based on how you budget. And if youre still learning the ropes of money management, simple may be better. Becky Beach, money-saving expert and founder of personal finance blog Mom Beach is a devoted Mint user and says its great for the beginner who feels overwhelmed with budgeting. It has a well-designed user interface that is simple to understand, Beach says. Ive been able to track where my money is going thanks to Mint, while before, I was confused about why I had so little money all the time. In a nutshell, Mint is suited for people who want a streamlined budget app that can let them see at a glance how much theyre spending in real time. You can set alerts to let you know when youre approaching a spending threshold and set savings goals. Best Money Managing Apps Free Credit ScoresMint adds to your financial picture by offering free credit scores and credit monitoring. Thats helpful if youre hoping to build up your credit rating so you can qualify for the best credit cards. YNAB (You Need a Budget) Who its good for: Fans of zero-based budgeting Cost: 34-day free trial, then 11.99month or 84year You Need a Budget YNAB for short is a good budget app if you prefer a zero-based budget method. This type of budget system means assigning every dollar in your budget a job so that youre left with zero money left over. For example, when setting up YNAB, youd set your budgeting goals, then start adding money into different categories. You might allocate a set amount to rent and utilities, earmark money for dining out and pencil in amounts to add to a savings or money market account for emergencies. This budget app is good if youre focused on making every dollar count each month. According to the YNAB site, its users save an average of 600 in the first two months and 6,000 in the first year. Thats pretty tempting if youve been struggling with saving money regularly and you want to get a tighter grip on your cash flow. Clarity Money Who its good for: People who want to plug budget leaks Cost: Free to use, but a fee applies for bill negotiation Clarity Money is a budget app thats backed by Marcus by Goldman Sachs, which also happens to offer one of the best savings account options online. In fact, you can open a Marcus high-yield online savings account through the Clarity Money app. This app is designed for people who want to do two things: track spending and cancel unwanted or unnecessary expenses.
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