• sreya.sewkaransing@yorkmail.cuny.edu
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Financial Success
7 Apps that help you keep track of your finances!

7 Apps that help you keep track of your finances!

Here are a few applications that you can use to save and budget your money, and many of these tools are free and available on IOS and Android devices.

Mint, for saving more and spending less

Mint automatically updates and categorizes transactions, creating a picture of spending in real-time. Users can add their own categories, track bills, split transactions, and set budgets that alert them when they’re exceeding their maximum spending threshold. The service also provides free credit scores and credit score monitoring.

YNAB, for users to plan every dollar they earn.

YNAB allows users to budget their last month’s income in order to live off of it. Users require a financial investment of either $84 a year or $11.99 a month, after a 34-day free trial. (Students who provide proof of enrollment get an additional 12 months free.) Those who pay this price can benefit from YNAB’s many features. You can connect bank accounts, set goals, contribute to savings, and customize spending categories. You can also access resources, like app user guides, budgeting advice, and free workshops.

EveryDollar, users can make their first budget in less than 10 minutes.

EveryDollar is a budgeting app that helps users track their spending and plan for purchases. It’s tailored for zero-based budgeting, which is a method where your expenses equal your income. With the free version of the app, users can create a transaction each time they spend money to account for it in their budget. Or, for a more streamlined experience, upgrade to EveryDollar Plus to connect your bank account and expenses. EveryDollar Plus costs, though. It’s billed annually for $129.99.

PocketGuard gives users a snapshot of how much they can spend at any given moment.

PocketGuard boils budgeting down to the only thing many users want to know: how much they have for spending. It crunches the numbers to show how much money is available after accounting for bills, spending, and savings goal contributions. All users can view how much money is left “in my pocket” for the day, week, or month. Those who want to dial down farther can track certain categories of spending — like groceries, clothing, or eating out.

Clarity Money, for all-inclusive budgeting

Clarity Money is comprehensive budgeting and saving app. Users can link financial accounts from thousands of institutions, organize expenses, track spending, and bucket their spending into different categories. There are other features, too, like subscription canceling and credit score monitoring, which provide a more inclusive financial picture beyond just transactions.

Good budget, for shared envelope-budgeting

Goodbudget allows multiple devices to access the same account, so partners and family members can share a budget. Unlike other apps, Goodbudget doesn’t have you sync bank accounts. You manually add account balances (that you can pull from your bank’s website), as well as cash amounts and debts. With accounts and income entered, you assign money toward spending categories, known as envelopes. The free version allows one account, two devices, and limited envelopes. The Plus version, which is $6 per month or $50 annually, offers unlimited envelopes and accounts, up to five devices, and other perks.

Personal Capital, for tracking wealth and spending

Personal Capital is a free app that includes features helpful for budgeters looking to track their spending. You can connect and monitor checking, savings, and credit card accounts, as well as IRAs, 401(k)s, mortgages, and loans. The app provides a spending snapshot by listing recent transactions by category. You can customize those categories and see the percentage of total monthly spending that category represents. Personal Capital also serves up a net worth tracker and portfolio breakdown.

Work Cited : The 7 Best Budget Apps for 2020

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