We have to face various financial crises if we are not able to balance our daily expenses. You might face this problem also. Well, we have a solution for you. You need apps for budgeting. Because a budgeting app can help you by tracking your personal finance like what you are earning, where are you spending your money, and also give you an idea which sector should reduce your spending. In addition, all these applications will remind you of your debts and debt repayment dates.
There have dozens of budgeting apps for free and paid as well. To reduce your hassle, based on user ratings and reviews we’ve listed the top 8 free apps for budgeting. And today’s article we are going to introduce you to the best free budgeting apps of this year. Let’s get started.
1. Money Manager Expense & Budget
Money Manager Expense & Budget is the most downloaded free budgeting app in Google Play Store. The app got 27500+ votes with a 4.7 rating out of 5. It is a complete application for managing personal finance. You easily check your daily, weekly, monthly finance report, and also generate spending reports.
You will find a graph where the money exchanger application shows your budget and expenses. So you will easily get an idea about the difference between your income and expense.
Another best part of this free budgeting application is you can arrange the automatic debit by simply connecting any debit card with your Money Manager Expense & Budget account. So you don’t need to pay your bills, term deposit, insurance, or loan money manually.
Are you thinking about backup? Well, there have an option for backup and restore. So you can easily create backup and view files in excel file. If you are looking for apps for budgeting for your android or iOS smartphone for free, you can go ahead with this application. It is safe and secure as well. The pro version of the application is also available.
2. Money Manager
If you are looking for a lightweight free app for budgeting you can take a look at Money Manager. The application is developed by Draw Puzzle Game. The app will help you to manage your daily budget by tracking your financial activity.
The Money Manager Budgeting app is available in 11 different languages. So if you, not an American or you an English speaker may find your native language. Another best part of this application is you don’t need to register and it is an advertisement-free budgeting app.
Like the Money Manager Expense & Budget app, this application also shows your bills daily, weekly, monthly, and yearly as well. Users are also allowed to set reminders to remain to record transactions every day. The application has a 4.4-star rating out of 5 in Google Play Store.
If you are a newcomer and didn’t use any budgeting app before GoodBudget could be a good option for you. In this free app for budgeting, you are required to manually input your expanse and incomes, and other daily transactions using the envelope method. And this method you will see exactly your monthly income and expanse each month/day.
Like other budgeting apps, you should not connect your app to a debit or credit card or a bank account. You manually input your transition. So I think your personal data are more secure. Besides the developer says their security features include high-level bank data encryption and it sends users codes to access users’ information in a secure data center.
The budgeting app has both free and paid features. With the free versions, you are allowed to create up to 20 envelopes. To create unlimited envelopes you have to upgrade your plan which costs 7 dollars per month or 60 dollars for a year.
Well, you may don’t like to record your daily expanse and income details manually. Okay, no worries. Mint is one of the best free apps for budgeting. It will syncs the transaction of your bank accounts, credit and debit cards, and other accounts to track your incomes. Besides, it will sync your savings and purchase as well.
The app comes with a daily budget planner that will suggest budget goals based on your spending. If you want you can customize your goals as you like. Mint will alert you if an ATM fee goes over your budget and if there have any kind of suspicious transactions on your account. So I will say it is really great option for the users.
Like other budgeting applications, there has a monthly bill tracker. With the bill tracker, you will get an idea about all your bills. And the bill payment tracker will notify you about all upcoming due dates and if you have a low balance as well. It is completely a free budgeting application you don’t need to upgrade. The app has a rating of 4.7 out of 5.
The next free budgeting app I would like to recommend is ClevMoney. ClevMoney is a complete and good app for budgeting personal finance. The application comes with some great features including SMS and MMS, push messages, search bar, chart, and more.
Users are allowed to create backup into their Google Drive and the apps support various currencies. So you can easily maintain your personal finance with your native currency. And users also create budgets for daily, weekly, and yearly as well.
In this application adding income and expenses, and managing financial data is very easy. With the search option, you can easily find out your previous income or expense in a second. Besides, the pie and bar chart will give a clear idea about your expenses and income. The ClevMoney budgeting is completely free for download and use. You don’t need to pay any single penny for this.
6. Wallet: Personal Finance, Budget, and Expense Tracker
This is another market-leading free app for budgeting. The app includes almost all the features you need to manage your personal finance. The Wallet application automatically and securely syncs your bank transaction and factors into your budget. So you don’t need to manually input your transaction data. This app will track every single dollar.
The app is user-friendly and gives you an overview of your finance, across accounts, credit and debit cards, debts, and cash. You can easily schedule your bill payment times and dates. And the tracker application will keep track of your dues and notify you in real-time. Besides, it will give you an idea about how does your dues and payments will impact your cash flow.
The best part of the application is you can share your account with your family and friends or colleagues who want to cooperate. Users are free to log into their Wallet account via web or smartphone. Finally, users are also allowed to download their transcription and budget history to CSV/XLS/PDF. The Wallet budgeting application is 100% free to use.
7 . Monefy
Monefy is one of the handy personal finance apps. The application is similar to Money Manager. The app allows you to add new income and expense records. Simply set up your monthly budget and add your daily expense.
You may have multiple devices and you want to operate your same personal finance with different devices. No worries you can do it in the right way. The application allows and helps by safely synchronizing data between multiple devices. The app comes with a built-in calculator so you don’t need to open your default calculator app to calculate your income and expense. Overall the free app for budgeting is easy to use and user-friendly.
8. Monthly Budget Planner & Daily Expense Tracker
This is another great application for your personal finance and budget management. The application is developed by DigitLeaf, LLC. The free app for budgeting comes with a built-in calculator to calculate your daily or monthly income and expanse.
The app will create a simple graph based on your expenses and incomes as well. So you will easily get an idea about the difference between your income and expense. Users are allowed to export data in CSV format to their Dropbox or Google Drive account. The app automatically backup data to the cloud and restore it.
How Did We Make The List Of The Best Apps For Budgeting?
We downloaded and installed 50+ budgeting apps and used them for over a month. We tried to find out the pros and cons of each app. In addition, we have evaluated the opinions of users. Finally, we have compiled this list based on our personal experience and user feedback. We hope you find these apps useful. And you will be able to keep track of your daily and monthly personal finances accurately.
What Is A Budgeting App?
The budgeting app is a personal finance tool that keeps track of your daily income and expenses, helps to keep the balance between expenses, incomes, and debts.
How Does A Budgeting App Work?
There are two types of budget apps. One is manual and the other is automatic. In the manual app, you have to manually keep an account of your expenses. On the other, the app keeps track of your income and expenses by itself. With the help of specific algorithms, it tracks your various online transactions and gives you a report of your daily accounts by identifying your income and expenses.
Does The Budgeting App Really Work?
It is not easy to answer that budgeting apps really work or not. I personally think it depends on yourself. The budget app can only give you an idea of your income and expenses and remind you if your income and expenditure balance is right. If you spend more on yourself then the app will not be able to stop holding your hand. However, it is true that when you see that the cost is going to be more than your income, you will be aware at least a little bit. And a budgeting app can help you pay bills and collect debts on time by reminding you of your creditors and debtors.
Budgeting Apps Alternatives
In addition to the budgeting app, you can use many other tools to keep track of your budget. You can manually keep track of your income and expenses on a Notepad, Excel sheet, Google Docs.
Is It Safe To Use A Free Budgeting Apps?
In fact, almost all kinds of applications collect your personal information. They use your information to improve user service. The applications we mentioned above are safe and secure for you. However, there are many apps that can grab your information.
5 Tips For Using Budgeting Apps Safely
The budget app is beneficial for your personal finances. It helps you balance your income and expenses. However, if you are not careful, like other apps, it can be a cause of loss for you. Here are some tips for using the budgeting app safely:
1. Don’t Allow Auto Login
There are many apps in which you need to sign in or register. After signing in, your browser or mobile app asks you to keep save your password and user ID. Never save is the best choice.
2. Try using an anti-virus application
A good anti-virus helps to keep your device secure. Scammers are always active to grab your information and harm you. An anti-virus can help to protect your information.
3. Use Complicated Password
Many of us use our birthday, phone number, or name as a password. Never do it. Always use a password combined with small and capital letters, at least a number and symbol character. If your budget app doesn’t require any password make sure you are using a smart password to keep your smartphone secure.
4. Keep Backup
You may lose your mobile phone. If your app doesn’t have register and log-in options and if you don’t have a backup file you will lose all of your data and record as well. So always keep a backup into your Google Drive or any online Drive.
5. Check You Budgeting App Regularly
If you just install a budgeting app and don’t use it. There have no benefits. So always keep up to date. Besides you also need to make sure that you do not overcharge.
Hope you got a good idea about the best free app for budgeting. A good budgeting app can help you reduce your unnecessary expenses and will help you to pay your bills on time. Have a good one.
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