The Best Budget App For 2022:Reviews & Guide

The Best Budget App For 2022:Reviews & Guide

The aftermath of the COVID-19 crisis has left millions unemployed. Nearly 40% of Americans need to borrow money to cover an emergency. In addition, with pandemics constantly plaguing much of our daily lives, it is becoming increasingly difficult to get funding sequentially.


Perhaps one of the most popular ways to save money is by keeping a tight budget. Budgeting can help you meet your savings goals, define your spending habits, and develop a spending plan that will ensure you don’t exceed your spending limits. However, budgeting usually requires a detailed description of every dollar you make and spend. Tracking, which can be tiring but not mandatory. Enter a budget request. Available on iOS and Android devices, this app helps people track their expenses and manage their money right from their phones.


Since everyone has a different style in how they want to manage their money, the best budget app will depend on your spending style and savings goals. For example, some apps (such as “You need a budget”) encourage constant persistence in tracking expenses, while apps such as “Mint” are more passive. Here’s a summary of the best results based on App Store ratings and personal experience with the Budgeting Tools apps.


Need to split your expenses but not sure where to start? Check out the best budget apps to find the right one for you.


Personal Capital

Best for retirement and investment-focused budgeters

While Personal Capital allows you to set and manage a monthly budget, it is the culmination of budgeting, investment monitoring, and age goal tracking that makes this budget app worth downloading.


When you register, you provide information aimed at retirements, such as your age, when you want to retire, and how much money you have in your savings and investment accounts. After you have linked the account you want to manage, e.g. your checking, savings, and investment accounts, you can get an idea of ​​where your money is going. Charts make it easy to track your expenses and cash flow from month to month. This is a great money management app that not only helps you keep track of where your money is going, but also when you are on track to meet your age goals and other long-term plans.

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Cost: Free.

Download Personal Capital.


You Need a Budget

Best for intricate and super-detailed budgeters

Many personal finance budget apps let you link bank accounts so the app can track where your money is going. To do this, you need a budget (YNAB). However, users can also add transactions manually to avoid linking bank accounts. This is useful for those who don’t want to give third-party apps access to their financial accounts – or for those who prefer to register manually.


However, if you want to link a savings account and a checking account, you can. YNAB is not only connected with major banks, but also with credit unions and local institutions. You can also add a credit card and then immediately set financial goals, such as paying your credit from time to time or creating a budget that covers all your credit.


After you have linked all of your accounts that need to be monitored, you are giving each dollar currently in your account. YNAB’s Rule #1 is “give every dollar a job”. This means that by the time all of them are categorized into expense categories, you will have run out of money. (If you do, leftovers can be used for emergency savings, investments, or retirement plans. Or even fun things like birthdays and vacations.)


The biggest difference between YNAB and many other budget apps is that you only fund the money you have. YNAB does not allow “forecasting” or budgeting for future dollars.


It doesn’t just end up tracking your money. YNAB wants to make sure you understand the importance of financial management. They offer free daily seminars on budgeting, debt, credit card debt, building savings, and more, as well as an extensive library of educational resources.


As soon as you register, you can use the app for free for the first 34 days. Then $ 84 a year. It’s a solid price, especially if you’re already making money and need a budget app like YNAB for traveling. However, hundreds of thousands of users swear by this application. Many claim that the savings using the YNAB outweigh the costs.


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Price: Free for the first 34 days; Billed annually for $ 84 or monthly for $ 11.99. 

Download You Need a Budget.



Best for simple budgeters who can’t afford YNAB

If you are looking for a way to pocket your money, PocketGuard is for you. It creates a budget based on your spending habits and notifies you when you have stored or removed leftovers.


You can set goals such as reducing your account or adding more money to your savings and investment accounts. You can also look at other financial products to see if there are ways to save on mortgages, insurance, or other credit payments.


Visual elements such as pie charts make it easy to interpret your data at a glance. You can see your earnings, future accounts, and how much money is still needed to meet your goals. It’s like YNAB but doesn’t have the same rich user experience. If you want an app like this, but the price isn’t within your budget, PocketGuard is a solid archive. 

Cost: Free.

Download PocketGuard.



Best for in-depth budgeters

Full Disclosure: I have been a loyal Mint user for almost a decade. This free budgeting app saved me from debt, helped me finance my computer, and set financial goals for myself (like buying a new car). It started as a way to track my expenses by syncing with my bank, credit card, savings, and credit accounts. Now I use it for budgeting to make sure I pay my bills on time and check my creditworthiness every week – a new feature I couldn’t find in any other app I tried.


The more I use Mint, the more money management apps will find out about me. Even so, I like to re-categorize transactions that are automatically categorized into something completely wrong. I am also happy to be able to share transactions. Say you can get some groceries from Target, but they also sell household items and medicine. You can divide your transactions to enter the correct amount in each category. It is available from YNAB but is paid extra.


Since I’ve been using mint for years, I see my costs over time. As Mint learns more about you and your spending habits, you can see where your money is going each month. It describes the model in detail and shows a diagram by category (or at a glance) of where your money is going. You can also compare months if you like.

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I also like that I can change my budget based on my expenses. If I took my dog ​​to the vet last month, I could add this category to my budget. But if I don’t come back to the vet this month, I can adjust this budget to $ 0.


While it’s not a dedicated storage app, you can also use Mint for this. You can add “Savings” as a category and then mark the transfers according to your transactions. Mint also has room for goals – like buying a house, paying off debt, or whatever else you want – but it’s in the desktop version, not the app. 

Cost: Free.

Download Mint.



Best for simple budgeters who like a manual style

For basic household money management, use Goodbudget. Before you have the luxury to budget your phone, you need to get out a pencil and paper and write it all down. There are times when we “balance our checkbooks” to ensure that we don’t spend more than the money in our accounts.


Although those days are long gone, the basic style of budgeting is not like that. Goodbudget enters all of your financial information – every transaction you make, every salary you receive – and then helps you create an “envelope”. Never sync with your bank, credit card, or other accounts, everything is entered manually. You can sync your account with your spouse and other household members to keep traveling.


This virtual envelope is similar to the category in other budget apps. You will set amounts in dollars that are used for things like home payments, car loans, groceries, and more. However, you’re limited to 10 simple envelopes if you stick with the free version. Plan Plus gives you unlimited envelopes and several other features.

Free; Upgrade to Plus for $ 5.99 per month or $ 50 per year.

Download Goodbudget.



The editorial content of this page is based solely on objective and independent reviews by our authors and is not influenced by advertising or partnerships. It is not provided or ordered by a third party. However, we may receive compensation if you click on a link to a product or service offered by our partners.


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