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10 Best Budgeting Apps For 2022

10  Best Budgeting Apps for 2022

Pamela Kaguri

Budgeting keeps you on the right track and helps you know the amount of money that enters and exits your household.

Did you know that budgeting apps can make your work easier? Instead of entering your work manually, most of them automate the process, thus making it effective instead of using paper and pen.

Many budgeting apps have been developed over time. A budgeting app should be affordable, easy to use, and safe. It can also help you on how to survive the high cost of living in 2022, if you use it well.

Here are the ten best budgeting apps that you can use to simplify your financial decisions.

1. Mint

This is a product of Intuit company. Available in both the app store and google play, it is free to download.

It is also compatible with iOS, Android, and web browsers. The app is highly rated in both Google Play and Apple Store.

Pros

  • Categorizes all your expenses, and will help you know when you are approaching your limit.

  • Easy to set up.

  • Helps you access your credit score.

  • Safe, as it employs the latest technology.

  • It reminds you when your bills are due.

Cons

  •  If you want to be hands-on with your budget, then this is not ideal for you.

  • It has ads and offers that keep popping up.

 Rating

Apple Store- 4.8

Google Play- 4.5


2. YNAB (You Need a Budget)

This is an award-winning budgeting app.It is accessible on both mobile and desktop. It is not free, but you are given a 34-day trial period.

Pros

  • Helps you plan many months in advance.

  • Helps to sync your bank account, credit card, and loans. The app helps you plan for every dollar earned.

  • No ads and doesn’t offer links.

Cons

  • It is expensive

  • You need to get hands-on, the process is not automated.

 

3. Google budget for hands-on envelope budgeting

This budgeting app uses the envelope system, where you portion or divide your monthly income in different envelopes.

This does not sync or link to your bank accounts, you connect them manually. It is easily accessible from the phone or web.

 Pros

  • Plans for your finances

  • You do not need to carry physical envelopes; it provides envelopes.

  • It has educational materials.

  • It is free 

 Cons

  •  You have to enter your account details manually.

Rating

Apple Store 4.7

Google Play 4.5


4. Every dollar for simpler zero-based budgeting

This budgeting app was developed by Dave Ramsey. It budgets for every dollar you make and balances your budget to zero every month.

Pros

  • Allocate your money to savings and bills.

  • It is simple.

  • Free, but you can pay to access extra features.

  • It has reminders for bill payments.

Cons

  • The free version has very few features, but the Ramsey version is very expensive.

  • Their website had very few resources to help one better learn about the app.


 Rating

Google Play- 4.2

Apple store- 4.2


5. Simplifi by Quicken

This is a product of Quicken. It has been around for a while. It has a 30-day free trial and after that, you pay 3.99 dollars a month.

Pros

  • Will give you an alert when spending reaches a certain limit.

  • You can link your bank account, credit card, and loan.

  • You can make a watchlist for monitoring

  • Safe 

Cons

  • Not free.

  • No credit score

Rating

Apple store - 4.2

Google Play- 3.4


6. Personal Capital

This is a great budgeting app for investors. It is available on both Google Play and App Store. It helps track your spending and wealth (investment).

Pros

  • It is free

  • Easy to use

  • Safe, there is data encryption

  • Helps track your spending

  • It has saving tools to help you in building your retirement, savings, emergency fund, and payment of debts.

  • You can sync your bank accounts, credit cards, and loans.

Cons

 

  • You will have to pay for wealth investment management services.

Rating

Apple Store- 4.7

Google Play- 4.3

 

7.Pocket Guard

There is a free and premium version that costs 34.99 dollars. It’s available on both Google Play and App Store.

Pros

  • Able to show you your income, expenses, and savings.

  • It can be synced with your bank account and credit cards.

  • It is safe

  • It has an autosave feature, which helps with saving

  • It shows you how much you spend in a day.

  • Offers free tools, like educational and retirement planners.

Cons

  • The premium version is expensive 

  • The app’s website is not friendly to newbies

Rating

Google Rating - 4.7

Apple store - 3.7


8. Honeydue 

This is a budgeting application for couples. It is available on iOS and Google Play. It links your account and that of your partner.

Pros

  • It is safe.

  • Couples can manage their money and investments together.

  • Gives a platform for partners to chat within the app.

  • Creates transparency among couples

  • Alerts one partner when the other is approaching a limit.

Cons

  • The app has got no desktop version.

Rating

App Store- 4.5

Google Play- 4.1


9. Digit

This budgeting app is available on both Google Play and the app store. It has a 30-day free trial and then you pay 5 dollars a month.

It  helps you create money-saving buckets.

 Pros

  • It has automated saving and investing

  • The savings account is insured.

  • It is easy to use.

Cons

The free version is only available for 30 days.

Rating

Apple store- 4.7

Google Play - 4.5.


10 Stash

This budgeting app helps in your spending and setting your saving goals. It is available on both iOS and Android. It gives you access to many budgeting tools such as round-up and automatic saving.

Has a debit card that will earn you stock if you use it to pay your bills.


Pros

  • Quite affordable as subscriptions start from one dollar a month.

  • Has investing options for all consumers.

Cons

  • No free version.

Rating

Apple store- 4.7

Google Play- 4.0

 Bottom line

A budgeting app is a must for you. It will help you stick to your budget and help in saving and investment. Some apps charge a fee, but in the end, they are worth it.

Before you choose a budgeting app, keep these into consideration; fee, features, security, and customer service.



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