8 Best Budgeting Apps That You Must Try to Manage Your Money

best budgeting apps

How do I save more money? This is the question on everyone’s minds and yet, not many people have found an answer to it. To help users take better control of their finances, you can invest in a budgeting app development. In this blog, we have curated and made a list of 8 best budgeting apps of 2021 to help you understand how other apps around the world are performing and which are their top features.

According to Business Insider, more than 55% of millennials don’t have a retirement plan. Of course, that means that 45% of them do have one but it is important to note that not everyone with a retirement account is saving in it.

There are multiple reasons cited for the average millennial’s inability to save money; from being paid less to spending half their income on housing, it looks like a tough path. However, whether one has a retirement savings account or not, and no matter what their age is, everybody wants to have some savings for a rainy day.

To begin with, it is crucial that one knows where his or her income is being spent. Without understanding where you are spending, it could be very difficult to save money at all. Earlier people used to maintain an account book for all their expenses, and put money in envelopes to divide up their income into categories.

However, with the rise in technology and the internet explosion of the 1990s, everyone prefers to record everything ‘digitally’. There are several budgeting apps and personal finance apps that caught our attention. We have curated 8 of the top-rated mobile apps for budgeting in 2021. We have also listed some noteworthy features of each top budgeting app, take a look for yourself.

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Best Budgeting Apps

  1. Mint

    If you are on the lookout for the best budget app 2021, you must have come across Mint budgeting app before. There’s no way we could have avoided putting this app on the list, it is simply one of the best and one of our personal favorites. Mint is a free finance tracker app that helps people take care of all their personal finance apps and take a look at their financial status with ease.

    Mint is not only available on iPhone and Android but also has an expense manager for PC. It helps track spending with the help of charts and categorizes your expenses so that you can check where you are spending. Users can easily log in to their bank accounts in a safe and secure way and helps them create their savings goals to motivate them for saving more.

    Mint budgeting app

    Image Source: Mint App

    Top Features:

    • User-friendly interface
    • Automatically categorizes expenses into categories and displays charts or graphs
    • Sign in using fingerprint so all your data remains safe and secure
    • Lets users connect bank accounts and check credit score for free. 

    Cost: Free of cost

    Available on: iOS, Android and Web

  2. YNAB

    You Need A Budget works in a similar way like putting money aside in envelopes as soon as you get your salary. The basic rule that users have to follow is to assign every dollar a job – this leads people to get a better idea about where they are going to spend how much amount. According to the app’s description, most users save up to $200 in just the first month of using the app. Moreover, the application is free to us for the first 34 days because they don’t believe in charging a user if the app isn’t helpful enough.

    Users can sync their bank accounts or add the transactions themselves manually so that the bank balance is always updated. The app can be accessed across various devices, hence making it easier for users to check their financial status on the go.

    You need a budget app

    Image Source: YNAB App

    Top Features:

    • YNAB has a feature that allows users to set goals and see how long it will take for them to achieve the goals
    • With details visual reports, it becomes easy for users to understand their spending habits
    • Flexible budgeting app to allow users to deal with life in a guilt-free way

    Cost: Free 34-day trial on sign-up, thereafter $6.99 per month or $83.99 annually.

    Available on: iOS, Desktop, and Alexa

  3. Goodbudget

    Goodbudget is one of the best budgeting apps recommended by experts from Google, The New York Times, Forbes and other reputed organizations. Goodbudget app also works on the traditional envelope system for assigning an amount to various categories. However, one major difference better You Need A Budget app and Goodbudget app is in the pricing. While YNAB allows a free trial for 34 days, Goodbudget actually has a Forever Free plan that gives limited access to the users. There are other plans with more access and flexibility but they come at a cost. 

    Users of the Goodbudget app recommend it as one of the best budgeting apps for iPhone and Android. It is easy to use, syncs everything and runs smoothly. With Goodbudget, users don’t just track where their money is being spent but they actually divide it up so that it is easier to save.

    Goodbudget app

    Image Source: Goodbudget App

    Top Features:

    • Automatically syncs across Android, iPhone, and the web
    • Add bank accounts and easily transfer money
    • Helps you share data with loved ones so you can stay on the same page
    • Edit budget as and when needed for emergency funds
    • 10 regular envelopes and 10 annual envelopes available in the free version of the app

    Cost: There’s a free version and paid version starts at $6 per month or $50 annually

    Available on: iOS, Android, Desktop

  4. PocketGuard

    PocketGuard app for budgeting is one of the leading, easy-to-use and best finance tracker apps in US and Canada. The app aims to help users make money management and budgeting easy and trouble-free. With a 256-bit SSL certificate, the app protects all the sensitive data of the users. Even with multiple functionalities, the app is surprisingly easy to use, with the UI being neat and user-friendly. The app has both – a free and a paid version for the users.

    PocketGuard app

    Image Source: PocketGuard App

    Top Features: 

    • 4-digit pin to ensure that the user’s data is protected even if your phone gets lost or stolen
    • Users receive timely notifications about credit card and loan payments
    • User will get alerts when a bank fee or unprecedented charges are deducted
    • Helps to manage all bank accounts, debit and credit cards, loans and investment from one place

    Cost: One free plan and the paid version starts from $3.99 per month or $34.99 annually

    Available on: iOS, Android, Web Version

  5. ClarityMoney

    ClarityMoney is an AI-powered budget app that makes use of machine learning to help users analyze their finances and make smart decisions about their money. Users can discover new ways to save money by using ClarityMoney money manager app. With this free top budgeting app of 2021, users can not only save money but also save time and stay organized. Users feel that they are able to see a lot of progress by using this app. 

    Users’ information is also secured and protected with multi-level safeguards in this best personal finance app. One unique feature of this app is that asks users to enlist all the subscriptions they are paying for and suggests which one the user should cancel to save money.

    ClarityMoney app

    Image Source: ClarityMoney App

    Top Features:

    • Allows users to quickly link all their financial accounts to ClarityMoney app with ease
    • Users can cancel subscriptions and save money with Marcus Online Savings Account
    • This free money manager app uses data and gives the users a clear view of their finances, also providing tools to help take control of their financial life
    • AI-powered and secured with multi-level safeguards

    Cost: Free of cost

    Available on: Android and Web 

  6. Digit


    Image Source: Digit App

    Digit is another excellent app to automate your finances and save for your future multiple goals. It offers a great budgeting tool that automatically analyzes your spending and helps you to save your money at the correct time.

    No matter what your saving plans are, Digit analyzes it helps you budget high, be it for holiday planning or any major purchase. Not only for this but also ensure you are capable enough to pay down debt or save up for an emergency.

    It has an algorithm that works effortlessly to help in saving money. Digit is not an ordinary app that requires you to log expenses or track spending on your own. But this is something which will make it easy for you by operating in the background without any interference.

    Its features include automated savings, a 0.10% saving bonus, unlimited withdrawals, and no account minimums. This way, you can set a target for saving and track the progress every time you make any change.

    To use the services of Digit, you will be required to link your bank account. Then, the algorithm of Digit will analyze your spending and help to transfer money to your Digit account which you can use over time. These small savings don’t give you a burden and make saving easy and painless.

    Top Features

    • Automated savings make it easy to know when to save
    • Save and settle your credit card debt
    • Easy to save for retirement and reach long-term goals with investing
    • No limit on withdrawals, so get money whenever you want
    • FDIC insured, so money and information is completely safe

    Cost: 30-day free trial and then $5/month

    Available on iOS, Android, and Web

  7. EveryDollar

    Every Dollar

    Image Source: EveryDollar App

    EveryDollar is a very popular budgeting application. If you are looking for an app that can help you to track your spending and plan for purchases, then EveryDollar could match your requirements.

    It is one of the budget apps that is tailored for zero-based budgeting. This system is a method where the spending and income are equal. Using the free version of this app, users can create a transaction for the money that they have spent to account for it in the budget.

    To get the best experience, make sure to upgrade to EveryDollar Plus and connect your bank account and spending. You can manage everything in a customized way, such as from where you are to where you want to be. For this, you just need the right budgeting application, which is EveryDollar for you.

    Now it is easy to create custom monthly budgets in order to save money, pay off debt, build good savings. Moreover, it is also recommended by the top personal finance experts, like Dave Ramsey, Rachel Cruze, Chris Hogan, and Anthony ONeal.

    Whether you are a complete newbie who wishes to track your spending and save money or you are yourself great at personal finance, you will find this app powerful to manage your expenses.

    Top Features:

    • Get the customized budget reports on income and spending in minutes
    • Get unlimited streaming of the best money courses
    • Easy to split transactions across multiple budget lines
    • Set custom reminders for bill tracking and to pay bills on time

    Cost: After the trial period, it’s $99 per year
    Available on: iOS, Android, and Web

  8. Personal Capital

    Personal Capital

    Image Source: Personal Capital App

    The Personal Capital Mobile app has become the prominent choice for many people amongst the preeminent budgeting and financial aggregator apps available. The good thing about this app is that it offers free budgeting software that comes with various tools to help you manage your investments.

    The Personal Capital app is loved by millions of users who are using this app for free. You can also be a part of it to get free services. Not only it offers budgeting and the best view for your finances, but also ensures to offer essential tools for the investments, such as Fee Analyzer, which will help to check the fees you will pay in your retirement plan.

    Moreover, Personal Capital comes with asset allocations and retirement tools, and a lot of features that are packed into this free app.

    The feature of a Wealth Management plan lets you manage your complete investment. If you have a minimum of $100,000 to invest, then take the premium service of Personal Capital at an annual fee of 0.89% and get regular access to financial advisors.

    Top Features:

    • Cash flow analyzer to track your income and spending from multiple accounts
    • Retirement planner to help you determine your retirement goals
    • Track assets and liabilities to quickly determine the net worth
    • Easy to contact the personal advisors for any financial help

    Cost: Free

    Available on: iOS, Android, and Web

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How to Select The Best Budgeting App For You?

Using a budgeting app, one can easily manage and set up personal finances. This will not only reduce the burden but also fasten up the process accurately.

The budgeting application pulls income and expense transactions from all the accounts, and over the period, it analyzes your spending habits and breakdown into smaller segments by spending category. With a lot of useful features, it helps you to spend less and save more.

You also get personalized notifications for spending over the limit and help you to manage your savings. Therefore, choosing a budgeting app is a crucial process. Please make sure that it meets your specific requirements. Consider the following features to choose the perfect budgeting app for you.

Adapting Income and Expenses

No one is ready for the fluctuating expenses. Monthly expenses may rise and fall unpredictably. If you are looking for a budgeting app that can track your tracking spending and fluctuating income, then look for this feature.

The best way to handle income or expenses is to use envelope budget software because it is created to monitor and handle fluctuating expenses. This will automatically distribute paychecks to show how you can plan to spend your money.

Customized Budget Reports

The essential feature that you must choose is the simple budget reporting system, which shows how well you are following your budget plan accordingly.

Moreover, you want to monitor your spending and expenses weekly or every day, then ensure that the budgeting application is offering weekly reports or a real-time dashboard where you can check everything at a glance.

You can change the time frame in a customized way and also be able to check the spending occasionally. And if you want an option for print finances reports, then don’t forget to look for this option.

Safe and Secure

Data protection is a major concern when it comes to choosing the best budgeting app because you have to link your account to the app.

Therefore, before choosing the right budgeting app for your requirements, ensure to read the privacy or security statement. Know how the budgeting app will access your personal data and whether it is protected with encryption or not.

There are some desktop budgeting apps where you do not require passwords to access your account details. In such cases, you can set up password protection for your computer. Moreover, try to select an app, which requires a password to access the account for safety concerns.

Easy to Export Data

If you have planned to invest money for the future, then you must want to know your total savings after a certain period. In such circumstances, you want to export your data that you can easily check, like an Excel sheet.

This feature is essential if you really want to keep track of your savings and spending. Even if you switch to another budgeting application, it will be easy to have data in CSV, QIF, or another format to save you from manual data entry.

Spreadsheets are an important tool for those who are serious about financial analysis. If you also want to check the reports in the future, then pay extra close attention to the software’s export options.

Simple Setup

No one wants to deal with challenging functions to run an app. An easy setup is essential when you are dealing with money. If it would be difficult to use, then it will probably affect your long-term experience.

Moreover, the complex features of the budgeting app can force you to make mistakes. This will lead to creating more confusion and issues down the road.

To find the user-friendly budgeting application, you can use free trial offers available. If you are satisfied with the features and the simplicity of the app, then that budgeting app would be the best choice for you.

Flexible Categories

Different categories help with detailed reporting of your income, expenses, savings, and envelope budgeting. Moreover, this is the foundation that helps to find the right budgeting apps.

Your preferred app should let you change the name of categories, delete unnecessary ones, and add customized categories. Try to avoid such apps that offer a default set of categories and don’t let you make any changes.

You will add different categories, which will help you to add transactions throughout the month. This is an essential feature because you will be splitting transactions into small segments for detailed reporting.

Paid vs Free App

It is your choice to choose between a free or a paid budgeting app. However, both come with a unique set of features. Therefore, you must identify your requirements before you choose an app that best suits your requirements.

Let’s discuss the common features of a paid app.

  • Help to Manage Saving Goals: It will help you to monitor your unnecessary spending and help with managing your saving goals.
  • Sync Your Bank Accounts: The app should sync with the bank to record the transactions and automatically filter them into different categories, such as travel, shopping, or groceries.
  • Create Unlimited Budgets: It becomes difficult to manage multiple accounts for saving goals. Therefore, you must choose an app that comes in handy to manage your spending into different categories. On the other hand, free budgeting apps offer one.
  • Multi-user Collaboration: This feature helps you and your family members to access the same account.
  • Advanced Charts, Reports, and Graphs: This helps to track in detail where you are spending and how much you are saving for the future. Moreover, some budgeting apps will also forecast how much money you can spend over the next month to maintain a stable budget for saving.

Please note that all the paid apps don’t have the same features. And some of the free apps may have a few features as well.

Which Features You Must Check in the Budgeting App?

Accurate Spending Categories

The best budgeting application should have enough and accurate spending criteria to monitor your spending. Breaking down broader expense categories into smaller parts gives a clearer picture of where your money goes. This feature will help to guide the finances and the best way to understand the monthly spending pattern.

Tracking for Cash Purchases

No one has ever cared to track every single penny they spend because it is difficult to calculate. Many of them do not want to invest time unnecessarily to count every dollar they spend. Everyone wants a quick method to calculate their spending even if it is not significant. The feature of Tracking for Cash Purchases will make it easier to track cash spending.


The right budgeting application must have enough portability so that you get easy access to your accounts, budgets, and transactions in one place and access them from wherever you want. You don’t have to rush at home to check your monthly budget. This makes it easy to track your expenses and create your budget planner easily.

Customized Reports

With detailed and customized reports, it becomes easy for users to track their spending and understand their spending habits. A good budgeting app should allow the users to offer customized financial reports on income and spending in minutes.

Complete Security

No one wants to take a risk while investing their hard-earned money. While trusting any personal finance app, no one wants to make the slightest mistake. The best budgeting apps must consider security measures and not use any personal information of a user for personal benefits.

Easy to Use

There is no point in downloading a budgeting application if it doesn’t offer a rich user experience. Moreover, you must look for a mobile app that helps you to resolve all your financial problems. But if it is difficult to use and figure out how to manage your savings, then you will not use the app for longer. Therefore, a good budgeting app should be easy to use.

Multi-user Account

There might be circumstances when you do not get enough time to check your budget reports. In such cases, the app must allow your loved ones to access the budget reports and your accounts. This will also reduce some burden from your shoulders, and you can easily manage your account.

Sync to Bank Accounts

Manual data entry can waste your time, and in an era where everyone is busy, no one would want to do a manual task. Here this feature of sync with the bank accounts will automatically record the transactions and filter them into different spending categories.

Frequently Asked Questions

Which are the best budgeting apps for iOS?

  • Mint
  • YNAB
  • Personal Capital

Which are the best budgeting apps for Android?

  • Goodbudget
  • PocketGuard
  • Digit

Which are the best budgeting software solutions?

We have found the following list of the best budgeting software with the help of Capterra, which is the top review website.

  • Float Cash Flow Forecasting
  • NetSuite
  • Budgyt
  • Dynamics 365

Are budgeting apps safe to use?

Security is a major concern. Therefore, these apps are pretty safe because sharing your personal or banking information with a third party will breach the agreement or code of conduct. They know how essential it is to keep your information secure.

Make sure you check for a security section before you link your bank account with the app or sign up. YNAB and Mint are good examples of what to look for in an app to attain security.

Which one is better, a free budgeting app, or a paid one?

Choosing an app is entirely based on your requirements, whether it is a free app or a paid one. If you are satisfied with all the features of a free budgeting app, then you go ahead with the free app. But if it has not all the capabilities that you need, choose the paid app.

However, it doesn’t mean that a free app is not capable of offering the required features. You might be satisfied with the free app, but are interested in the additional features of a paid app.


After going through the 8 top budgeting apps, we are sure that you might want to develop one such mobile app of your own. With the help of our consultants, we can assure you that this is the perfect time for you to get started with your budgeting app development.

Thus, if you also have an idea of developing a money management app like Mint or Goodbudget or if you want to make your unique best budgeting app, feel free to validate it with us. Without giving a second thought to your idea, let’s start working on the feature integration and functionalities.

We are a leading Android and iPhone app development company and have already developed over 20 Finance apps with exclusive features. If you still have any query like how much does it cost to develop a mobile app, or how to make money from a free app, just fill our contact us form and our sales representative will get back to you to answer your queries. The consultation will be free of cost!

This page was last edited on March 31st, 2021, at 6:59.

Author Bio

Narendra Purohit

Narendra Purohit

Designation: Vice President (Products)

Narendra Purohit is Vice President (Products) at Space-O Technologies. He has in-depth knowledge about software delivery and 14+ years of experience in the web and mobile app development industry. He has expertise in the photo-video apps, lifestyle apps, dating app industry.


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