We can’t all have a magic genie granting us wishes or a robot assistant waiting on us hand and foot. We do, however, have the next best thing: personal finance apps. If you’ve been struggling to budget your finances in a sustainable, user-friendly way, consider giving these apps a try. Not only do they aim to make it easier for you to understand your spending habits, some of these also allow you to establish savings goals AND even share them with your family members. While we do not endorse any particular app, we have listed several popular choices by category for you below:
Easiest to Set-Up and Maintain: Mint
Mint is a popular choice among app users because it easily allows you to track spending, budget your income, help you set financial goals, and also integrates/syncs with your online bank accounts.
Most Ideal for Couples: HoneyFi
This app helps couples streamline and simplify their expenses. You can create a household budget, receive alerts for new transactions and notifications for upcoming bills. It also allows you to classify bills as “yours”, “mine”, or “ours”.
Built for those who use the “Envelope Method”: MVelopes
MVelopes quickly connects to your bank accounts and allows you to implement an online envelope system for saving your money. MVelopes claims to try to prevent you from overspending, help you eliminate debt faster, and assist you in finally accumulating savings.
Made for Families: Home Budget
Home Budget allows you to set up multiple users and sync across multiple devices. You can set up a budget, manage income accounts, and track expenses. Users can learn about their spending habits and expenses via handy visuals and charts. Home Budget aims to make it easy to coordinate expenses amongst family and friends.
Meant for those always on-the-go: Wally
Wally was designed for someone who is looking to track cash inflow/outflow in order to cut back on unnecessary spending. It is user-friendly, has a clean interface, and allows users to photograph receipts, making it easier to keep track of all of those expenses.
Designed for those in need of a Budget: YNAB
You Need a Budget (YNAB) aims to “give every dollar a purpose”. Users can create goals and embrace expenses. YNAB also helps users come up with savings targets in order to meet specific goals. Expenses are clearly categorized and makes it easier to keep track of your spending habits.
To gather information for this post, we researched these applications via several different sources:
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