The 10 Best Budget Free Apps for 2022

Budgeting your finance is a key step toward financial growth, knowing how much you spend each day and how to budget your expenses will help you keep track of your expenses. We’ve highlighted the best free budget apps that will assist with your budgeting plan.

Controlling how much you spend and differentiating between your wants and need could be overwhelming sometimes especially when you are having a low income. But the truth is if you don’t learn how to budget the little you have, it will be more difficult to save large.

These Budgeting Apps are free and they will assist you with the trouble of keeping records rather than using spreadsheets or requesting your bank statements at the end of each month. You can easily connect these apps with your bank and set a Budgeting limit for your expenses. So without wasting much time let’s see our top 10 best free budget Apps.

What is a Budgeting app?

A budgeting app is a software application that helps to keep track of your personal finances. This may include tracking your income, expenses, savings, debt payoff, investing, etc in other to build finances.

The Best Free Budget Apps For 2022

1. Budget (YNAB)
2. Personal Capital
3. Mint
4. Stash
5. PocketGuard
6. Goodbudget
7. Simplifi by Quicken
8. Zeta
9. Honeydue
10. Digit

#1 (YNAB) Budgeting Software

★★★★★

YNAB (You Need A Budget). This is a budgeting app that helps users budget for the future rather than focusing on past transactions. YNAB allows you to link your checking and savings accounts, as well as credit cards using your mobile phone. You can simply download the app from your app or play store for free.

You can set your YNAB app to suit your various needs including expenses and savings. Here before you receive your monthly paycheck you will set a budget for your expenses and also the amount you wish to save for the month.

• Cost: Pay either $14.99 per month or $98.99 per year, although you can try it out in a free 34-day trial. College students can use YNAB for free for 12 months.
• Apple store rating: 4.8
• Google Play rating: 4.6

#2 Personal Capital

★★★★★

This great budgeting app is owned by Empower Retirement, it provides an overview of day-to-day spending and helps keep records of the expenses you make each month. Personal Capital is primarily an investment tool, You can connect and monitor checking, savings, and credit card accounts, as well as IRAs. This app has several savings tools designed to help build retirement savings, emergency funds and pay down debt

• Cost: Free
• Apple store rating: 4.7
• Google Play rating: 4.3
• Supports desktop version

#3 Mint Budget App

★★★★★

The third on our list is the Mint budgeting app though it’s among the highest rating apps on our list in both the App Store and Google Play. mint provides several features to monitor and analyze your finance, which includes paying bills, managing credit and debit card expenses, keeping records of your listed budgeting, and helping you to stay on track. another interesting thing about the mint budgeting app is that it allows you to connect to your bank it will collect all the transactions history a create a budgeting plan for you. The Mint is one of the best free budget apps.

Another benefit of using the Mint budgeting app is it helps users pay down debt, save more money, track goals, and also display their credit score and net worth.

• Cost: Free
• Apple store rating: 4.8
• Google Play rating: 4.4

#4 Stash

★★★★

Stash is a great budgeting tool because of the variety of benefits it offers to its users they offer a debit card that earns you stocks when you use it for expenses and a digital checking account. The stash app allows you to track expenses and set a saving goal with no hidden fees.

Stash offers three different plans, each increasing in price and features.

• The $1 per month Stash Beginner account includes base features such as investing, banking, and budgeting tools.
• Stash Growth, its $3 plan, includes access to Stash Smart Portfolios and retirement IRA accounts.
• The $9 Stash+ account includes $10,000 in life insurance coverage
• Apple store rating: 4.7
• Google Play rating: 4.0

#5 PocketGuard

★★★★

This app is unique in its way, it shows how much you have left to spend after setting aside funds for necessities, bills, and goals. The paid version, PocketGuard Plus, offers a debt payoff plan, and other features. The app reminds you of possible overspending, so you can set a spending limit directly in the app

Another great feature of this app is that by linking your recurring bills, it can help you negotiate better rates on your bills such as your cable bill or cellphone. The app does this by serving tailored offers to its users once they input information in their profile section about themselves.

• Cost: Basic PocketGuard is free. PocketGuard Plus is $7.99 per month, $34.99 per year or $79.99 for a one-time purchase.
• Apple store rating: 4.7
• Google Play rating: 4.2

#6 Goodbudget

★★★★

Goodbudget makes use of the envelope budgeting system of savings its more of planning than tracking previous transactions. This budgeting app allows you to manually set your budget by categorizing your expenses like using an envelope system. This app doesn’t allow you to connect your bank accounts, you can only manually add funds to your wallet and assign them to different purposes such as rent, phone bills, insurance, etc.

• Cost: Goodbudget is free. Goodbudget Plus is $8 per month or $70 per year.
• Apple store rating: 4.7
• Google Play rating: 4.4

#7 Simplifi by Quicken

★★★★

Simplifi by Quicken earns offers a personalized spending plan providing you with real-time updates of how much you have left to spend throughout the month. The app syncs your bank accounts and displays your monthly expenses and your savings progress in other to reach your financial goal. It also keeps track of your monthly bills and subscriptions, including those you don’t use. And is amongst the easiest and best free budget apps on our list.

• Cost: The app offers a free 30-day trial, and then you will pay $3.99 per month (billed annually at $47.99) or $5.99 per month if you choose not to pay upfront.
• Apple store rating: 4.5
• Google Play rating: 4.0

#8 Zeta

★★★★

Zeta is a budgeting app designed specifically for couples, it allows you to sync accounts or manually add data and share views of your finances in one place. Zeta helps you stay focused on your goals and connect your financial actions to reaching them. A few standout features include sharing controls, shared and personal budgets, bill reminders, and more. Zeta helps you stay focused on your goals and connect your financial actions to reaching them. Zeta’s Money Date Mag, an online publication covering love and money in the modern age, includes articles to boost your financial knowledge.

Cost: Free
Apple store rating: 4.4
Google Play rating: 4.0

#9 Honeydue

★★★★

Honeydue aims to help couples sync bank accounts, credit cards, loans, and investments. The free budget app automatically categorizes expenses, but you’re also able to create custom categories. Together, you can set up monthly limits on each of these categories, and Honeydue will alert you when you or your partner is nearing them.

• Cost: Free
• Apple store rating: 4.5
• Google Play rating: 4.1

#10 Digit

★★★★

Digit uses digital machine learning to guide you and provide information about your finance to help you in achieving your goals which may include paying off debt, saving for retirement, paying for your home, etc. The digit app tells you how much money you should save each month from your paycheck. All you need to do is input within Digit how much you want to save and when you want to hit that mark. You can create custom goals within the app for any saving goal you want to reach.

• Cost: Digit is free for the first six months. Once your free trial period is up, you pay $5 per month.
• Apple store rating: 4.7
• Google Play rating: 4.5

Do Budgeting Apps Really Work?

Yes, budgeting apps really work they help to keep track of your finance and assist in good financial decision-making. The apps listed above helps in various ways it helps grow your finance and expand savings. Budgeting your finance is a great step towards wealth creation and helps in saving which may include saving to buy a home, insurance, retirement, etc.

How to Choose a Budgeting App

When selecting a budgeting app, be sure to consider what your needs and goals are first. The right budgeting app can provide you with helpful insights and data into your expenses and savings. But before that happens, identifying your financial goals can help you refine your search for the right budgeting app for you.

Consider these factors when choosing the right budgeting app for yourself

• Security: This involves the overall view of the app security ensuring your money is safe and won’t be stolen by hackers.
• Fees: How much each app charges varies be sure to research and enroll only on those that meet your financial demand
• How it works: knowing the functions and mode of operation of each app before enrolling is important as you will be enlightened on the pros and cons of each app
• Customer service: Customer service plays a major role in good communication. This helps in the communication between the user and the app. They assist you with making the right saving decision and provide you with answers when you are faced with any issue.

What Makes for a Successful Budget?

Having a successful budget means constantly sticking to your budgeting plans, this may seem a lot but trust me it’s only a matter of time before it becomes a habit. One must develop love and willingness for saving before they can have a successful budget that really works, this will not only help you in managing your finance but also help in financial growth which in turn lead to wealth creation.

How did we choose these budgeting apps?

The listed apps above have been analyzed by experts and gathered from testimonies of our esteemed investors who have actually tried and is still using them to date for different budgeting plan, they all have 3 stars and above based on user reviews and testimonies. Be sure to also check out their reviews before downloading any of the above-mentioned apps for further clarity and justifications.

Bottom Line

To summarize this article about the best free budget apps to choose from I will suggest you begin with Mint as they are free and suitable for beginners, you may also decide to switch or try other of the listed budgeting apps here, with each of these apps having different features.

Best Free Budget Apps FAQ

Reference:

• zdnet
• thebalance
• businessinsider

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