The Best Free Budget Apps
YNAB — Budget, Personal Finance
You Need A Budget or YNAB is a budgeting tool that is well suited for short term personal finance planning. A budget template is a core user interface of the app. It has spending and income fields that you can fill with target values to get a budget for a month. Then you have to stick to this budget and avoid unplanned spending. YNAB is an easy personal finance app. It’s good on the one hand, but it suffers on the other in terms of flexibility. The app offers one money management solution that focuses on budget planning. YNAB is one of the most popular apps to start managing money. The app is free to use for the first 34 days.
ISaveMoney – Monthly Budget Planner & Daily Expense Tracker
ISaveMoney is another good budget app for financial planning and expense tracking. The App has a budget template and provides similar to YNAB user experience. ISaveMoney is well designed, has advanced visualization functionality, and it’s free to download. It has a separate interface to track expenses that shows the remaining budget for categories. Thus, it is easier to see how much money left to spend. The App has the same disadvantages as YNAB, which consist of a strict approach to money management. You plan a budget for a month, then track spending, and over again.
Goodbudget: Budget & Finance
GoodBudget is a solution for those who don’t want to use a budget template and looking for something else. The application is designed around the idea of creating envelopes for budgets. You always have to choose one of the envelopes to add a new transaction. That’s how you track the level of spending in each category. This solution can look too simple, but it works, and many people are using GoodBudget. In addition to envelopes, the app provides basic analytics and a pie chart. This budget app is free, so it cost nothing to download and look at how good it works for you.