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If you want to manage your finances in an effective manner, you need to start by creating a proper budget. Budgeting allows you to limit your spending and track your financials. It keeps you from spending excessively on unnecessary things, allowing you to save heaps of money in the long run. Just like bookkeeping, budgeting can now be done using various tools and apps available online. More and more, businesses are shifting towards the paperless budgeting trends due to environmental factors.

These outstanding budgeting apps will allow you to turn your mobile phone into your very own personal financial advisor.

1. Mint

Mint is recognized as one of the best budgeting apps that is hassle-free and easy to operate. The Mint application is connected to your bank account and can assist you in forming a personalized budget. This app can help you identify the areas where you are spending excessively so that you can allocate your spending in a better manner. The Mint app keeps all of your personal data and accounts secure. It will alert you regarding any unusual charges while also giving you tips on how to reduce your spending.

2. PocketGuard

PocketGuard connects to your bank account to give you accurate information regarding your transactions and remaining balance. It offers complicated data in the simplest form, which is why most users love this application. The home screen displays how much money you have in your pocket currently, your current income, and spending. PocketGuard analyzes your spending patterns and your income to give you a clear picture of your cash flow. This app allows you to identify where you are spending your money, allowing you to cut back on unnecessary expenses. You can pair it with your Apple Watch as well!

3. You Need A Budget

You Need A Budget helps you create an accurate and practical budget that you can easily follow. YNAB is not only focused on building the perfect budget for you, it also provides numerous classes that you can view online in order to learn how to optimize YNAB to save heaps of money in the long run. The trial period lasts for around 34 days and, once it is over, the user has to pay $50 per year or $5 per month to utilize the service.

4. Good Budget

Good Budget offers an incredible digital envelope budgeting system that enables you to manage your finances in an effective manner, without the need for carrying envelopes when you are required to make payments.

Your budget is synced throughout all of your devices, allowing your spouse and family members to know where the spending is occurring. If you want to purchase a car or home and want to save some money for such huge expenses, this app can help you achieve just that.

5. Mvelopes

Mvelopes is an outstanding budgeting app that will help you get your finances back on track. This app also uses the envelope budgeting method to keep track of your finances. Your bank account will be linked to this app and you can pay your bills and plan your expenses through this outstanding app. Moreover, it offers you the ability to capture your receipts for real-time tracking of your expenses and your budget is updated accordingly.

6. Home Budget

Home Budget offers a plethora of options and features to its users, however, it has to be purchased. Home Budget syncs your budget across all of your devices that have Home Budget installed so that your family members know where the money is going. It utilizes a flexible approach towards budgeting and allows users to handle it manually as well. If you prefer to manually manage your budget, this app will be an ideal choice for you.

7. Wally

Wally is a brilliant expense tracker that every individual needs to have on their phone. You can track all of your expenses and spend through this outstanding app in an efficient manner. Not only is it completely free of cost, it allows you to manually enter your expenses via typing or a photo of an actual receipt. Wally will send you alerts when it is time to pay your bills or when a saving goal has been accomplished.

8. Level Money

Level Money helps you keep your finances on track by displaying the amount of money you can spend each day of the week. It has the ability to detect your income and total expenses, and then shows you the amount that you can spend. It also allows you to understand how you can pay off your debt or save for bigger expenses. You can link Level Money to your bank account and set specific goals for saving. It helps you stick to your saving goals through its incredible planning feature. Most of all, it comes free of cost!

9. Spendee

Spendee helps you evaluate how and where you are spending your money, allowing you to better allocate your finances. It offers an extremely simple user interface that allows you to track your finances, along with credit and debit purchases.

Keeping track of your spending will allow you to see where you are spending excessively, causing you to make better purchase decisions and cut down on unnecessary expenses.

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