budgeting apps

The Best Budgeting Apps for Planning Your Finances in 2021

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Being able to manage salary, improve savings, and budget money are skills that everyone wants. Technology has made it easier with budgeting apps conveniently found on our devices that many of us keep on us at all times. There are so many apps out that it’s hard to determine which one to use. That’s why we’ve put together a list of, especially helpful ones.

The Best Budget Apps for Beginners

If you are tech-savvy, you probably have tried some budget apps on Play Store. However, if you still confuse which app is the best budget planner to start budgeting your money, here is the list:


The free budget app that started the trend of budgeting apps is none other than Mint. Still considered the best budget app among many because it has convenient features such as the ability to categorize and update transactions, real-time spending information, and set alerts when your maximum spending threshold is exceeded.

Mint makes a great daily expense tracker by allowing you to track your spending accurately. For example, let’s say that you have a specific budget allocation for clothing, groceries, and household items. If you go shopping at Target, it’s possible to have several different categories that the items purchased go in. Mint allows you to split those transactions, so each category has the right amount.

You Need a Budget

If you don’t want third-party apps having access to your financial accounts or would rather manually log your financials, YNAB is a good alternative. It does allow you to connect to national and local banks and credit unions. “Give every dollar a job” is the motto for YNAB, so all your money is assigned to do something. Any leftovers should be part of a budget allocation such as an emergency saving, retirement fund, vacation, etc.

It’s a useful financial budget planner as long as you keep in mind that it has no forecasting capability. There is also a rich content library of financial education resources if you want to get smarter about money. It is not a free budget app, although it offers a free trial for the first 30 days.


It is a simple, easy-to-use app for budgeters who want a free option as an alternative to YNAB. The way that PocketGuard works is that your budget is built around your spending habits. Set goals like adding more money to your savings account or lowering your bills, and it will tell you when you have leftover money, that is how the best budget planner works.


Before smartphones, to manage money, people used a pen and paper to write everything down. Goodbudget is similar in that approach where there’s no sync with a bank, credit card, etc. You and your household will keep track of spending manually. It is a good way to learn how to prepare a budget as a household.

The free budget app features include ten virtual envelopes which act as categories. You set a dollar for each of these categories that you set. If you update to a paid version, you get additional features like unlimited envelopes.

Personal Capital

Personal Capital is ideal for the advanced financial budget planner who is focused on investing. As an investment advising platform that offers Robo-advising and human advisors in one, it emphasizes analyzing your investment fees, asset classes, and other investment details.

The budgeting tool automatically tracks income and expenses. It provides graphical representations to show you where your money is going and separates expenses into helpful spending categories.

Budgeting Tips

Using an app as a financial budget planner makes it more convenient to create a budget. However, you still have to create the habit of actively using and reviewing it for it to be useful. Here are some other tips to consider below:

Use It as a Financial Budget Planner

You need to use it as a daily expense tracker. After you bought your morning coffee or lunch, make sure you’re updating your tracker as it happens. It’s harder to do it later because we could become busy later and forget.

Allocate Your Budget Realistically

If you have habitually spent $300 a month on eating out, don’t budget $100. You’re not going to change your behavior overnight. Plus, if you overspend, it could mess up other areas of your budget.

Learn About How to Prepare a Budget

It is nice how easy a budget app makes it to start budgeting. But you should get educated about the different types of budgeting that are out there. Decide which one is the best budget app that works to help you save money, manage salary, and cut spending.

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