Budgeting is simply balancing your expenses with your income. If they don’t balance and you spend
more than you make, you will have a problem. Many people don’t realize that they spend more
than they earn and slowly sink deeper into debt every year.
Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.If you don’t have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you
Why is Budgeting so Important?
Budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.
1. Mint: Budget, Bills, Finance
There is one place to manage all your finances with ease. Mint is the free money manager and financial tracker app . We bring together your bank accounts, credit cards, bills and investments so you know where you stand. See what you’re spending, where you can save money, and track your bills in Mint like never before. You can even keep track of your credit score to help you be smart about it, no credit card required.
Mint serious about security and use measures like multi-factor authentication, designed to help you protect access to your account. Plus, Mint comes from the people who make TurboTax®, trusted by millions with sensitive data, and we participate in security scanning with VeriSign.
Mint App: Download here
2. Money Manager Expense & Budget
Money Manager – the #1 financial planning, review, expense tracking and personal asset management app for Android!
Money Manager makes managing personal finances as easy as pie! Now easily record your personal and business financial transactions, generate spending reports, review your daily, weekly and monthly financial data and manage your assets with Money Manager’s spending tracker and budget planner.
Money Manager shows your budget and expenses by a graph so you can see the amount of your expense against your budget quickly and make suitable financial inferences.
Money Manager Budget And Expense: Download Here
3. Pocket Guard:
This app is one of the easier to setup and connect to your bank accounts, and tracks your monthly income, bills, expenses and savings as you go. This budgeting app even has a feature to help you track each individual bill and find opportunities to save. Pocket Guard looks out for recurring bills from phone, TV and Internet companies, for example, and helps you find a better deal on your monthly service costs. Not only does it help you track your budget, it helps you lower your spending!
Pocket Guard: Download Here
If you’ve never heard of YNAB and are looking to gain total control of your money while massively reducing your financial stress, you have come to the right place! Almost. This is our legacy app (called “YNAB Classic” because of a flash of creative brilliance). You’ll want to skip this app and use the latest and greatest app, called “YNAB”.
The app is great for individuals or couples working together on their budget. It offers both desktop and mobile interfaces, options to sync your bank accounts automatically or enter expenses manually, and includes debt payoff and goal tracking features to help motivate you to reach your money goals.
YNAB Classic: Download Here
Goodbudget (formerly EEBA, the Easy Envelope Budget Aid) is a money manager and expense tracker that’s great for home budget planning. This personal finance manager is a virtual update on your grandma’s envelope system–a proactive budget planner that helps you stay on top of your bills and finances. Built for easy, real-time tracking. And, sync across Android, iPhone, and the web to share your budget with your budgeting partners. Keep everyone on the same page with household finances!
GoodBudget: Download Here
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