11 Best budgeting apps in 2021 – At least one can suit your needs

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on telegram
Share on pocket
Share on whatsapp
Share on email
Share on print
Here you will find the best 11 budgeting apps.

Table of Contents

I have been using budgeting apps since I got out of college a few years ago. Also, I spent 3 weeks testing and researching budget apps on many websites. And considering government or non commercial advices [1, 2, 3].

Most websites review the same apps. This page contains the most reviewed in other websites ones but also 2 not frequently reviewed but worthy. That last app is completely free: no subscriptions and no limits on app features.

The Gist (“Too Long Didn’t Read” version of the article)

Here below the overview of those 11 apps and what distinguishes them from others.

  1. Wallet by BudgetBakers (best overall)
  2. Mint (For linking US and Canadian bank accounts)
  3. Personal Capital (To monitor wealth)
  4. YNAB (To focus on a budget and see how much remains)
  5. Goodbudget (For Cash Envelope System)
  6. Pocket Guard (To automate savings)
  7. Charlie (Chatting in Facebook Messenger to track finances)
  8. Mvelopes (Having a financial coach in an app)
  9. Bank’s alternatives like Revolut (Avoiding additional apps to handle your budgets)
  10. Everydollar (Following Dave Ramsey’s approach to budgeting and money)
  11. Money Wallet (Using a fully operational app for free)

You prefer detailed analysis in a spreadsheet ? You got it here.

Please consider that apps might change in the future their paid plans. But not the last one. That’s forever free as it is based in donations

1 Wallet by Budget Bakers

Wallet by Budget Bakers
Wallet by Budget Bakers
  • Good for:
    • Best overall
  • Cost:
    • Free plan available without time limit restrictions
    • Paid: $5.99/month, $21.99 per year or $49.99 lifetime
  • Pros
    • Bank account sync from 3500 banks worldwide
    • Dedicated budget manager
    • Useful graphs and statistics
    • Share accounts with selected users
    • Import and export to CSV, XLS, PDF
  • Cons
    • Free version is limited to 3 accounts
    • Mainly synchronization with Google and Facebook (not ideal for privacy-minded people)
  • Availability: Android, iOS, Web
  • Features
    • Multi-currency: Yes
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: Yes. To more than 4000 banks worldwide in read mode. Wallet cannot create any transaction in your bank account.

2 Mint

Mint by Intuit
Mint by Intuit
  • Good for:
    • Linking bank accounts (US or Canada)
  • Cost
    • Free. Compensated with partner offers
  • Pros
    • Convenient payment tracker to not forget a bill
    • Also has a web version
  • Cons
  • Availability: Android, iOS
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: No
    • Linked Bank Accounts: US and Canada

3 Personal Capital

Personal Capital
Personal Capital
  • Good for
    • Monitoring wealth
  • Cost
    • Percentage fee based on Assets managed (up to 0.89%)
  • Pros
    • Syncs with bank and investment accounts.
    • Advise for long term financial goals like retirement.
    • Advanced tax optimization strategy.
  • Cons
    • Requires disclosing information and linking an investment account before using the app
    • Requires a minimum $100,000 account
  • Availability: Android, iOS
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: No
    • Linked Bank Accounts: US and Canada

4 YNAB

You Need A Budget
You Need A Budget
  • Good for:
    • Focus on a budget and directly see how much remains
  • Cost
    • Paid: $11.99 per month or $59 per year
    • Free for 34 days
  • Pros
    • Unrestricted use for 34 days free
    • Convenient export to CSV file. Then useful in Excel, a spreadsheet from Google, Linux, or other software
  • Cons
    • Lacks multi currency support (only USD)
  • Availability: Android, iOS, Web
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: US and Canada

5 Goodbudget

Good Budget
Good Budget
  • Good for Cash Envelope System
  • Cost
    • Paid: $7 per month or $60 annually
    • Free forever with feature restrictions
  • Pros
    • Easy tutorial guides you through app use
  • Cons
    • Lacks multi currency support (only USD)
    • Free version allows only one account
  • Availability: Android, iOS, Web
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: No

6 Pocket Guard

Pocket Guard
Pocket Guard
  • Good for:
    • Automate savings
  • Cost
    • Paid: $4.99 per month or $39 per year
  • Pros
    • Highlights subscriptions to cancel unwanted ones
    • Auto saving feature for long-term goals
  • Cons
    • Only available to US or Canada
  • Availability: Android, iOS
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: Yes (US and Canada)

7 Charlie

Charlie
Charlie
  • Good for
    • Chatting in Facebook Messenger to track finances
  • Cost
    • Free for a month. Then $4.99
  • Pros
    • Nice interface to plan debt pay-out
    • Encouraging phrases in the interface at each milestone achieved
  • Cons
    • Reserved to US customers
  • Availability: Android, iOS
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: No
    • Linked Bank Accounts: Yes (US)

8 Mvelopes

Mvelopes
Mvelopes
  • Good for
    • Having a financial coach in an app
  • Cost
    • Basic: $6/month
    • Premier: $9.95/month
    • Plus: $19/month
  • Pros
    • Quarterly coaching sessions (for the plus plan only)
    • Web platform and mobile app
  • Cons
    • Restricted to US and Canada customers
    • Only 30 days free access and then paid
  • Availability: Android, iOS, Web
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: Yes (US and Canada only)

9 Banks alternatives (like Revolut)

Revolut
Revolut
  • Good for
    • Avoiding extra apps to handle your budgets
  • Cost
    • Bank account costs (Revolut is free as a bank account with its apps)
  • Pros
    • Can include budgets like Revolut/Monzo or other neoBanks (N26, ING in Europe)
    • Innovative services. For instance, Revolut offers free disposable cards and avoids fees in international transfers as well as Forex changes)
  • Cons
    • Restricted to your own bank’s countries
  • Availability: Android, iOS
  • Features
    • Multi-currency: Yes (Revolut transfers in 23 currencies globally)
    • Manual Cash Transactions: No
    • Linked Bank Accounts: Yes (Revolut is available in European Economic Area, US, Canada, Australia, Singapore, Japan, and Switzerland)

10 Everydollar

Everydollar
Everydollar
  • Good for
    • Following Dave Ramsey’s approach to budgeting and money
  • Cost
    • 3 months for $59.99
    • Offer 12 months for $129.99 (saving 45%)
    • 6 months for $99.99
  • Pros
    • Good guide to consider your account money goals
  • Cons
    • Limited free version to a budget (link bank accounts and insights like graphs are reserved to paid versions)
  • Availability: Android, iOS, Web
  • Features
    • Multi-currency: No
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: Yes (US)

11 MoneyWallet

MoneyWallet
Money Wallet
  • Good for
    • Using a fully operational app for free
  • Cost
    • Free (Donations based)
  • Pros
    • Beautiful material design interface
    • Consolidate accounts from many sources (like many countries)
  • Cons
    • Manual export of backups to cloud services like Google Drive, Dropbox or Tresorit
  • Availability: Android
  • Features
    • Multi-currency: Yes
    • Manual Cash Transactions: Yes
    • Linked Bank Accounts: No

What is the next step?

To complement a budget app, take a look at our article on financial planning.

Sources

[1] Office of Financial Readiness, Pick the Best Budgeting Tool for You; at https://finred.usalearning.gov/Blog/PickingtheBestBudgetingTool (visited June 30, 2021).

[2] Money Helper, Living on a budget; at https://www.moneyhelper.org.uk/en/everyday-money/budgeting/living-on-a-low-income-tips?source=mas (visited June 30, 2021).

[3] Credit Counseling Society, Did You Know That an Expense Tracker Can Solve All of Your Budget Planning Problems?; at https://www.mymoneycoach.ca/blog/expense-tracker-solve-budget-planning-problems.html (visited June 30, 2021).

Save Money on Your Next Purchase!

We have partnered with this enterprise to give you the best deal for your money. If you click on button below, you will go to claim the exclusive offer.

11 passive income using upfront money - Instagram Post
Guidance
10 Tips for living on a budget Instagram Post
Guidance
09 How to make passive income Instagram Post
Guidance
08 Passive income ideas Instagram Post
Guidance
07 2008 Financial Crisis Instagram Post
Guidance
06 Financial Planning Instagram Post
Guidance

Leave a Comment