Budgeting and saving are crucial aspects of managing one’s personal finances. While it may seem daunting at first, thanks to technology, managing one’s finances has become an easier task than ever before. There’s a plethora of personal finance apps available on Google Play Store and Apple App Store, which makes it possible to budget, save, and invest money in the right way. In this article, we’ll be discussing the 5 best free personal finance apps for budgeting and saving.
1. Mint
Mint is among the most popular personal finance apps out there. It’s a free app that can connect to your credit and bank accounts. The app will then compile your expenses and income to create a budget using a simple and easy-to-understand interface. The best part? You can get notifications for when you’re close to hitting your limit or surpass it.
2. PocketGuard
PocketGuard is another free app that can connect to your bank and credit accounts to track your expenses. Where PocketGuard sets itself apart from other similar apps is its “In My Pocket” feature. This feature lets you know how much you have left to spend after accounting for your monthly bills and other expenses. It helps you avoid overspending and keeps you on track with your goals.
3. Goodbudget
Goodbudget operates based on the envelope budgeting method. With this method, you’ll “fill” virtual envelopes with set amounts of money for your expenses, such as groceries, rent, and more. The app lets you customize your “envelopes” and track your spending in real-time. The free version of Goodbudget lets you track up to 20 envelopes.
4. Personal Capital
Personal Capital is a free app that can connect to your investment accounts, 401(k), and other personal finance accounts. The app displays all your accounts in one place, giving you a complete overview of your net worth. The app also provides investment analysis tools, making it easier to invest wisely.
5. Clarity Money
Clarity Money is a handy finance app that has a budgeting and investing feature, similar to other finance apps. However, it also includes some unique features, like a subscription cancellation feature that helps you easily cancel unwanted subscriptions and get refunds on your bank account.
In conclusion, budgeting and saving are important aspects of managing your finances and ensuring your financial wellbeing. The above-mentioned personal finance apps can help you plan your budget, track your spending, and save money in the long run. You can give them all a try and discover which one works best for your financial needs. Happy budgeting!
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