Overspending is a lot easier to do than you may think. Life is fast-paced, and there are a lot of expenses that are constantly at our fingertips to help keep things moving, such as coffee or fast food. Perhaps you buy coffee from a local shop every day on the way to work because you don’t have time to make your own in the morning, or maybe you got lunch with co-workers one too many times last week because you didn’t have time or forgot to pack your own. Those expenses add up faster than you might think, occasionally causing us to overspend on our budget. Luckily there are plenty of apps that exist that can help make budgeting a little easier.
Mint is one of the most popular and highly regarded budgeting apps on the market. This budgeting app automatically updates and categorizes your transactions in order to give you a more holistic view of your spending habits. It allows users to add their own categories as well as track bills and set budgets, alerting them when they begin to exceed their spending limit. Mint can also provide you with your credit score as well as credit score monitoring. And do you know what the best part is? It’s completely free.
If all you care about is how much money you have left for spending, Pocketguard is likely the app for you. This app does all of the math for you, showing you how much money you’ll have left after paying bills as well as putting any of your money into savings. Pocketguard also shows you how much money you have left “in your pocket” for any individual day, week or month and allows you to track certain spending categories such as groceries, eating out or buying clothes. Pocketguard is also completely free!
Goodbudget is an app that is based on the envelope system, which is a system where you portion out your monthly income toward specific spending categories. This app allows multiple devices to access one account, making it great for a significant other or for family members to share a budget with you. One of the downsides of the app is that Goodbudget doesn’t allow you to sync to your bank account as most budgeting apps do so you’ll need to manually add your account balances as well as cash amounts and debts. Goodbudget has a basic free version that allows for one account, two devices and a limited amount of envelopes but if you’re willing to dish out some money ($6 per month or $50 per year), you get an unlimited amount of envelopes and accounts as well as being able to use up to 5 devices.