What recommendations are best for Free Online Budgeting Tools?

General
1

Hey folks,

I’m on the lookout for free online budgeting tools to help manage my finances. I’m looking for something easy to use and with good features for tracking expenses and setting savings goals.

If you’ve used any good free tools, can you share your recommendations?

Thanks a bunch…

2

Hello Avril,

  • Mint: Provides a complete financial snapshot with tools for budgeting, bill tracking, and investment monitoring.
  • PocketGuard: Features a user-friendly interface, emphasizing savings and spending control.
  • EveryDollar: A zero-based budgeting app that helps you allocate every dollar effectively.
  • Goodbudget: Uses the envelope system to organize and manage your spending categories.
3

For about a decade and a half, we have been using Goodbudget’s free version. For us, it functions perfectly.

4

Popular Free Budgeting Tools:

  • Mint: Provides comprehensive features for budgeting, bill tracking, and investment management.
  • YNAB (You Need a Budget): Focuses on assigning every dollar a specific job, helping you prioritize your spending.
  • PocketGuard: Automatically tracks expenses and offers budgeting suggestions.
  • Google Sheets: Allows you to create and customize your own budget spreadsheets.

Key Features to Look For:

  • Expense Tracking: Easily categorize and monitor your spending.
  • Budgeting: Set spending limits for different categories.
  • Savings Goals: Create and track specific savings targets.
  • Bill Reminders: Receive alerts for upcoming bills.
  • Investment Tracking: Some tools include basic features for tracking investments.

Remember, the best budgeting tool is the one you’ll use consistently. Choose a tool that fits your budgeting style and preferences.