Budgeting used to be boring and time consuming, but with today’s technology it does not have to be like that. Almost everyone has some sort of a smart phone nowadays, and they can be used to help you budget better, faster, and more often. There’s a plethora of free and low-cost budgeting and financial apps available for smart phone users. We’ll take a closer look at a few of our favorites.
Mint.com – Let’s start with Mint.com’s budgeting app. It is free on iOS (Apple phones), Windows phones, and Android phones. It’s one of the most all-inclusive money management apps out there today. It shows exactly where your money goes to each month, once you link up your credit cards, bank accounts, mortgages, etc. Mint automatically sets a budget for you, and also lets you manually enter cash transactions, as well.
Level Money – There’s another free budgeting app called Level Money and it’s available for iOS and Android. This app is a little less involved than the Mint.com app. It was created to tell you one thing: “How much money do I have to spend without going into the red?” After connecting bank accounts and credit cards, it will determine how much money you can spend today, this week, and for the rest of the month.
Spending Tracker – Here’s one that we are pretty fond of.…it’s called Spending Tracker. Spending Tracker is the easiest and most user friendly Personal Finance App in the Apple iOS store. And best of all, it’s free! The simple fact is, by tracking your spending you will be able to stick to a budget and save more money. This simple app is easy to use and very beneficial.
Budget Ease – Last but not least is a fairly new app called Budget Ease. Budget Ease is the simplest way to budget your money, track your spending, and stay in control of your finances. This app gives you access to your envelope balances (for the “envelope system” fans out there), it allows you to add, view, and edit transactions, and gives you some insight into your spending habits. You can also attach receipt images to your transactions, so you have them for safe keeping and documentation.
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While broad fiscal management tools like Budget Ease, Spending Tracker, Level Money, and Mint.com are great for staying on budget, it’s also a good idea to download your bank specific app. Almost all major banks and credit unions have their own dedicated mobile apps. In addition to giving you an overview of your accounts, they also let you do things like make mobile check deposits and transfer money between accounts.
If you are looking for some other great finance mobile apps, check out https://itunes.apple.com/us/genre/ios-finance/id6015?mt=8 for a whole list of iOS money management apps.
Do you have other useful mobile tools for managing your money? Please feel free to share them with us. Thanks!
