Hi… Am trying to get better at managing my money and would love some recommendations on the best apps to track finances. I’m looking for something user-friendly that can help me keep track of my spending, savings, and maybe even investments. Any suggestions?
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Top apps for tracking finances include
- Mint: Comprehensive budgeting and expense tracking.
- YNAB (You Need A Budget): Focuses on proactive budgeting.
- Personal Capital: Great for investment tracking and financial planning.
- PocketGuard: Simplifies budgeting by showing what’s available to spend.
- Expensify: Ideal for tracking receipts and business expenses.
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Most people will agree with me that YNAB (You Need a Budget) is the best app to track your finances.
YNAB follows the zero-based budgeting system, which means you actively plan for every dollar you earn. As soon as you receive income, you allocate it to various categories like spending, savings, and debt. It encourages intentional decision-making about your money.
In addition, YNAB offers educational resources to guide you through the process, and it works across various devices i.e. phones, desktops, iPads, Apple Watch, and even Alexa.
The price is on the higher side, but you can try it out with a free 34-day trial. Although the price is higher, it is worth it.
I make use of budgetbakers wallets. Performs the task, connects to a checking account, and automatically labels income and spending records. This results in almost fully automated budget overrun alerts and spending tracking.
Try Mint. It tracks spending, categorizes transactions, sets budgets, monitors credit score, and provides alerts for upcoming bills.