Nowadays, there are so many budgeting and personal finance apps that it can be hard to find the best ones. To help you find the best free budget app for your needs, we've compiled a short but effective list of the top 8 free budget and personal finance apps below.
Money management isn't the most straightforward task. It can be a little challenging to keep track of expenses and the bank balance since many of us don't balance a checkbook anymore. You can track your expenditure with the use of the best free personal finance apps that can link to your bank account. These apps can assist you in tracking impending bill payments, identifying the categories in which you spend the most money, keeping track of your credit score, and managing your investment portfolio. Some apps even allow you to pay your bills directly from the app.
For managing your total finances, the best free personal finance apps offer a variety of functions (email reminders, bill due dates, track subscriptions, shared wallets, etc.). Both iOS and Android versions of every software on our list are available.
These apps will make your life easier by watching over your budget, helping you reduce your spending, and even earning you money!
1. Mint - Best free budget app 2022
Mint is best known for its great budgeting and spending tracking features. The app will show you how much money you have in every account so that no matter what happens with your finances, you'll always know how to best use your money.
In addition, with Mint's credit score monitoring feature, you can make sure your credit is healthy by showing any possible changes. This app is a must-have if you're looking for an easy way to manage all your personal finance needs at once.
Let's start with Mint's extremely positive reviews in both the App Store and Google Play. (It also has by far the most reviews of any app we tested.) It's free and can sync a variety of accounts, including bank and savings, credit cards, loans, investments, and bills.
In terms of actual budgeting, Mint tracks your expenses and categorizes them. These categories, which are limitless, can be customized. You establish limitations for these categories, and Mint alerts you when you're getting close to them.
Mint may help users pay down debt, save more money, and track objectives in addition to budgeting features. The software also displays the user's credit score and net wealth. Bonus: Mint provides extensive app support, including a FAQ.
2. PocketGuard - Best free budget app 2022
PocketGuard is an app that can help protect your finances from hacking, identity theft, and overspending. This is one of the best free budget apps to monitor your accounts to ensure you're only spending what you can afford.
With a few accessible settings adjustments, PocketGuard will watch every transaction that comes out of your bank so that nothing can slip through the cracks.
3. Spendee - Best free budget app 2021
Spendee is perfect for those who are always on the go. This app allows you to sync with your bank account and keep track of all expenses in one easy place. That way, when a bill comes due, or there's an expense that needs paying, you can see it at a glance.
The best part about this free budget app? You don't have to worry if you're missing any transactions because Spendee will automatically import everything from your last 30 days, so nothing goes unnoticed.
4. Acorns - Best free budget app 2021
Acorns is the free app for you if you're looking to invest automatically at any budget. It allows you to easily buy stocks or mutual funds, track all of your purchases and, at the same time, invest the spare change from those transactions. Acorns can also automatically use your funds for investments, helping you build a secure financial future.
5. PocketSmith - Best free budget app 2021
PocketSmith automatically feeds information from all your banks to let you view all your financial accounts in one place. With this app, you can set scenarios to see how your money would fare in the future to help you with your financial decisions. If you’re looking to boost your financial IQ, this app is the way to go because it strategically makes you think more about your financial decisions.
The best thing about PocketSmith is that all of its features are completely customizable—which means you can tailor them specifically to your needs. As a result, it is great for personal use and business purposes, such as monitoring your employee’s pay stubs.
6. Personal Capital - Best free budget app 2020
Personal Capital is best known for its free budgeting and spending tracking features. The app will show you how much money you have in every account so that no matter what happens with your finances, you'll always know how to best use your money.
Also, with Personal Capital's credit score monitoring feature, it can help make sure your credit is healthy by showing any possible changes. In addition, it connects to over 30 different financial institutions, including banks and investment accounts—so you can see all of your information from each account at the same time.
Personal Capital is primarily an investment tool, but it's free app contains tools that might assist budgeters track their expenditures. The app provides a spending snapshot by presenting recent transactions per category. You can change the categories and see what proportion of your overall monthly spending each one represents.
Personal Capital also provides a net worth and portfolio tracking tool. The app is available on both the phone and the desktop.
7. Mobills - Best free budget app 2020
Mobills helps you take control of your finances by setting a personalized budget depending on your situation. This app lets you manage your budget and watch over your expenses, ensuring that you have placed your priorities when it comes to your finances. In addition, you can schedule bill reminders, manage your credit cards, and control your monthly budget.
8. Wally - Best free budget app 2020
Wally is an excellent app for people who want to get the best out of their budgets. This free app will show your progress with your budgets by tracking your spending, giving you information about your financial habits, and presenting you with data about your budget. Wally also lets you set personal budget goals to get you on track with your monetary needs.
Final Words: Top 8 Free Budget And Personal Finance Apps For Everyone
Achieving financial stability doesn't have to be difficult, but it does take a little bit of effort. We hope this list helped you find the best free personal finance app for your goals. In the meantime, you can create invoices and other financial documents with websites like ours to further keep track of your cash flow.
The world of personal finance can be overwhelming, especially when you're trying to figure out which decisions will give you the most value for your money. If you want to learn more about handling your finances, visit our blog!
A Personal Finance App: What Is It?
An app for managing all facets of your personal finances that you may download on your smartphone or tablet is called a personal finance app. These applications can assist with budgeting, saving, and investing. They can also monitor your bill payments and keep you informed of changes to your credit score. To see where the money from your bank account is being spent, you can connect personal finance applications to your financial institution.
It's simple to manage your accounts even on the go with the best free personal finance app. Typical features of a personal finance app include a shared wallet, bill reminders, automatic bill payment, and even subscription management.
What Is the Price of a Personal Finance App?
Personal finance applications typically have both a free and a paid edition. Ads and less functionality than the premium version are possible in the free version. Personal finance applications' paid editions range in price but cost only approximately $25 per year on average. Other apps only provide a single, cost-free edition. Therefore, if you need further assistance managing your funds, a personal financial app may be a convenient and affordable solution.
What Personal Finance Apps Are the Best?
Your own needs and tastes will determine which personal financial app is ideal for you. Personal Capital may be useful for individuals seeking an app with an investment component, whilst Mint may be useful for those seeking a free software with extensive budgeting options. You should take your financial demands and goals into account when selecting the best software.
How We Selected the Best Free Personal Finance Apps
We looked at a number of available options and took into account the elements we felt were most crucial to consumers when selecting the best free budget app. We didn't review every app that was available. Based on their features, monthly cost, availability of payment reminders, and other factors, our top seven options were selected.