No one likes to hear the word “budgeting,” but it is a necessary evil when it comes to making sure to save enough for monthly expenses and emergencies that may arise. In today’s age of technology, there are many apps out there designed to make the dreaded task of budgeting much easier and less time consuming.
Here are four of the top budgeting apps you can download straight to your device.
Mint is an app developed by Intuit Inc. as a one stop shop to creating a budget and managing your money. Mint allows you to connect all of your bank accounts, credit cards, and even your monthly bills in the app, so it’s very easy to take a comprehensive look at your finances. It divides up a user’s spending, so that you can see where your money goes each month and find ways to cut costs here and there. Mint is also completely free!
You Need a Budget
You Need a Budget is designed to help budgeting beginners take control of their spending. It is very easy to use, and is great for accountability. The app helps you create a budget based on your income, and will send red flags if you stray from that budget. It also offers tips and tricks for ways you may be able to get back on track. Unlike other apps, You Need a Budget will cost you around $50 a year.
Acorns wins the award for being the most unique of the budgeting apps in our list. It is primarily focused on increasing your savings with small, daily additions. Here’s how it works: Acorns tracks your credit and debit card purchases, rounds up to the nearest dollar for each purchase, and puts those extra few cents into your savings. It costs $1.00 a month, and Acorns also allows you to invest those extra savings directly from your phone.
Wally offers the ultimate ease in tracking your spending. It allows you to take photos of your receipts as soon as you make a purchase to log your expenses. It even offers geo-location from your phone, so the information from where you spent your money is automatically filled in.
If you’d like more help with either creating or managing a budget, CNE will be hosting its annual Money School on Saturday, April 14 at Brainerd Crossroads. All are welcome, and all classes, including budgeting, are free!