6 of the Best Budgeting Apps to Help You Manage Your Money
We suppose managing finances was easier back when humanity still used the barter system, but every time we think about trying to make change for a fish or break a chicken, we’re grateful for our modern monetary policy. If only it were easier to manage those magical pieces of paper. Here are 6 of the best budgeting apps to help you do just that.
For the Newbie
If you need to step up your financial literacy, You Need a Budget is just what you need. Yes, it’s a personal budgeting platform that’s available on iOS, Android, and desktop, but YNAB also offers a slew of classes in budgeting, retirement, and more. The app also boasts a very large, very active community who shares information, tools, and tricks.
For the Visually Inclined
The iOS and Android app Dollarbird offers users a color-coded visualization of their expenses, so you can see at a glance if your bar tab is through the roof this month. Unfortunately, Dollarbird requires users to input expenses themselves, which could prove a hurdle for those unwilling to sort through old receipts.
For the Budget Cutters
LevelMoney isn’t interested in giving users a detailed insight into their cash flow. Instead, the app, available for Android and iOS, allows you to set a daily budget and easily detect how close you are to your spending limits.
For the Reluctant Saver
Have trouble saving money? Then let someone (or something) else do it for you. Digit checks your bank account every few days – if you can afford it, the app withdraws a few dollars and deposits it to a savings account.
For the Late Fee Victim
No roundup of financial apps would be complete without some mention of Mint, the suite of financial tools that was acquired by Intuit in 2009 for $140 million. While you can find a host of offerings from Mint, we’re partial to Mint Bills, a free app to pay recurring and one-time bills.
For the First-Time Investor
If you’re interested in the world of bulls and bears but don’t know where to start, give Acorns a try. The app rounds up spare change from all your purchases and invests the money in a diversified portfolio.
All this week, we’re presenting the best in FinTech, in partnership with SoFi.
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