Best Apps for Budgeting in 2018

budgeting apps - Complete Controller

Getting a boost of energy when your paycheck clears is one of the best feelings after working hard. But soon enough, the money in your account disappears, leaving you feeling dull again. However, there’s an easy solution to this problem. By monitoring your spending patterns and sticking to a budget, you can save more from the same amount of earnings. In the past, budgeting was a tedious process that required manually adding all expenses, which could lead to confusion at the end of the month.

Nowadays, personal finance budgeting apps can be your savior. With these apps, you can easily manage all your expenses from your smartphone. Smartphones are ubiquitous and have the power to connect us with the rest of the world. Managing your expenses, expected income, and savings has never been easier. Budgeting is not as difficult as it sounds, all you have to do is adopt a modern version of bookkeeping. By keeping records of your spending, you can identify patterns in your expenditures and eventually save more money from your monthly income. Below are the best budgeting apps of 2018 that we recommend.
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Mint

Pros

Mint, designed by Intuit, is the most popular budgeting app that provides its customers with a variety of features. Its popular features include:

  1. Keeps bills and money all in one place
  2. Sends alerts and reminders for bills
  3. Creates budgets
  4. Facilitates meeting your savings goals
  5. Prepares reports and charts every week
  6. Monitors your credit score
  7. Manages your portfolio and finances together
  8. Offers a secure app with multi-factor authorization

Cons

  1. Issues in updating have been reported by customers
  2. Problems with linking to a few financial institutions
  3. Access to all features only available through the web version

Platform for Mint

  1. IOS
  2. Android
  3. Apple Watch

Software Requirements

  1. IOS: 10.0 or later
  2. Android (depending on your handset)

Cost

  • Free with adds ADP. Payroll – HR – Benefits

You Need A Budget (YNAB)

Pros

  1. Bank Syncing
  2. Real-time access from your mobile phone
  3. Freedom for debt paydown
  4. Makes goals more attainable by tracking them
  5. Gets proper reports and summaries
  6. Live support and personal support
  7. Easy to use
  8. Reported as the best app for getting out of debt

Cons

  1. Fewer features compared to other apps
  2. No reporting for investments

A Platform if You Need A Budget

  1. Android
  2. IOS
  3. Apple Watch

Software Requirements

  1. Android: 5.0 and up
  2. IOS: 9.0 or later

Cost

  • $6.99 per month

Wally

Pros

  1. Reported as the best app for tracking expenses
  2. Unprecedented insights
  3. Location-based speed
  4. Smart notifications
  5. No ads
  6. Recurring income and expenses
  7. Store photos of receipts
  8. Exports data in CSV form

Cons

  1. Less user-friendly
  2. Limited review section
  3. Does not sync with bank accounts

Platform for Wally

  1. Android
  2. IOS

Software Requirements

  1. Android: 4.0 and up
  2. IOS: 9.0

Cost

  • Free LastPass – Family or Org Password Vault

Acorns

Pros

  1. Maintains portfolio
  2. Facilitates investing in your budget
  3. Tracks your progress
  4. Withdraw anytime
  5. Best app for painless saving

Cons

  1. Commissions are deducted from accounts less than $5000
  2. Low investment opportunities

Platform for Acorns

  1. Android
  2. IOS
  3. Apple Watch

Software Requirements

  1. Android: Varies with device
  2. IOS 10.0 or later

Cost

  • $1 per month for an account managing less than $5,000

Level Money

Pros

  1. Easy setup
  2. Syncs with multiple bank accounts
  3. Syncs with various credit cards
  4. Money insight summaries and reports

Cons

  1. Not ideal for variable income
  2. Does not provide advice

A platform for Level Money

  1. Android
    IOS

Cost

  • Free of cost but not for fluctuating income

Conclusion

I am thrilled to share with you that achieving financial freedom is not only possible, but it is also an attainable goal for everyone. By making your money work for you, you can take the first step towards achieving this objective. With the aid of a fantastic app, you can monitor and comprehend your spending habits, allowing you to gain more control over your finances. Taking charge of your finances is a thoughtful decision that will bring you one step closer to financial freedom, which is undoubtedly within your reach. Let’s get started on your journey to financial independence!  Complete Controller. America’s Bookkeeping Experts About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Download A Free Financial Toolkit