In the world of rising living costs and an ever-changing housing market, it can be hard to figure out just how much you should be saving each month after taking care of essentials like rent, phone bills, and utilities. Sometimes it can be a bit daunting once you really sit down and look at your expenses to know exactly how much you need to live and how you are going to be able to afford that European vacation you so desperately want to go on. Naturally, there is an app for that. But with so many apps out there knowing which one will give you all the features you need to stay on track can take time. So, here is a list of the three best budgeting apps.
This is the app that embodies every feature you could possibly want in a budgeting app. Its creators have thought of everything. You can connect it to your bank and credit cards which makes sure that every transaction you make is logged and then docked from the budget you have created for yourself. You can input a set weekly or monthly amount for entertainment, housing, etc. If you go over budget then the app will instantly alert you to try and keep you on track to meet your goals. It will look at all of your expenditures and provide you with a picture of where exactly you are spending your hard earned cash.
YNAB (You Need A Budget)
YNAB is an excellent app to use if you want to do a little bit more than simply make a budget. It is all about accountability. To maximize its features you will have to create a budget that directly corresponds to your salary. Every dollar you spend has to be accounted for which forces you to ask yourself if you really need that $5.00 coffee or if that money is better to put to use for something else. Just remember those dollars you don’t spend can be used to pay off pesky student loans or hefty credit card bills.
Last but not least is Wally. This is a simple budgeting tool for the person that likes a no-frills approach. This app is designed to be used with any currency which makes it an excellent choice for those living outside of North America. It aims to just track your spending so that you stay within your budget and it does not give you a giant red alert when you go over. This is a good alternative for the budgeter. So download one and start saving… or paying off debt!