The Best Budgeting Apps You NEED To Take Control Of Your Finances

The Best Budgeting Apps You NEED To Take Control Of Your Finances


Robert Watkin

01 April, 2022

Category: Personal Finance Basics

Are you looking for some budgeting apps that can help you manage your finances better? If yes, then you should check out these top 10 apps for budgeting.

The modern day lifestyle has led to increased spending habits. This has resulted in a rise in debt and financial stress. People who struggle to pay their bills often resort to using credit cards or loans. These methods of borrowing can prove to be expensive. In order to reduce the burden of debt, individuals need to develop a habit of saving money.

Budgeting apps can help you track your expenses and save money. They also provide useful insights into your spending patterns. There are several apps that offer budgeting features. Here are some of the best ones.

1. Mint

Mint is one of the most popular budgeting apps available today. It offers an easy-to-use interface and provides users with a clear overview of their finances. The app allows you to set up budgets and monitor your spending. You can even use it as a personal finance manager.

Mint also provides detailed reports on how much you spend each month. Users can easily see where they are spending too much and cut down on unnecessary purchases.

2. Monzo

Monzo is another great budgeting app. It lets you create multiple accounts such as savings, current account, and loan. It also allows you to transfer funds between different accounts. Acting as it's own bank

Monzo offers some pretty impressive features such as being able to freeze and unfreeze your card at the tap of a button using the app. You can also create "Pots" within your Monzo app to partition your money without the need for multiple bank accounts.

Monzo Makes Money Work For Everyone | Y Combinator

3. Plum

Plum is a simple budgeting app that helps you keep track of all of your income and expenditure. It also allows you view your balance sheet and see how much money you have left over each month. This is perfect if you want to start building a budget from scratch. 

Not only does plum have a great budget tracker, it also allows you to start investing with as little as £1. With this feature, you can invest in certain investment funds and the ability to invest in stocks and shares through the app is said to be coming soon according to their website.

Say Hello to Plum's Android App

4. Personal Capital

Personal Capital is an investment software that helps you automate your finances. It comes with its own stock market account called Institutional. It also integrates with other popular services like PayPal and Venmo.

It has many useful features including:

  • Investment portfolio tracking
  • Tax planning tools
  • Retirement planning
  • Debt repayment planner
  • Asset allocation analysis

Personal capital is a great way to manage your investments and stay on top of things. It ’s easy to use and gives you access to lots of financial information.

5. You Need A Budget

YNAB is one of the most well known budgeting apps on this list. YNAB stands for You Need A Budget. It was founded by Dan Sullivan and he developed this app to help people get control of their finances. He wanted to make sure that his family had enough money saved so they could retire early.

YNAB is very similar to other budgeting apps because it allows you to categorize your income and expenditures. It will then give you a monthly breakdown of what you spent and what you made.

5. Money Dashboard

Money Dashboard is a free online tool that helps you build a budget. Once you sign up, you will be asked to enter your monthly income and expenses. From there, you will be given a breakdown of where your money goes. You can easily adjust your budget anytime via the dashboard.

7. Mvelopes

Mvelopes is a budgeting app designed specifically for students. It helps you plan ahead when it comes to paying tuition fees and living costs. It analyzes your spending data and gives you a personalized budget based on your needs.

8. Banktivity

Banktivity is a budgeting app that works across various platforms. It allows you to manage your cash flow, pay off debts, and stay on top of your bills. You can sync your transactions through the web or mobile app. Furthermore , you can link your credit cards to the app which makes it easier to avoid making unnecessary purchases.

9. Pocket Expense

Pocket Expense is a budgeting app for Android and iOS devices. It has a minimalist design that makes it ideal for those who want to keep things simple. All you need to do is add your income and expenses in order to generate a detailed report at the end of each month.

Pocket Expense 6 on the App Store

10. Quicken

Quicken is a personal finance program that helps you organize your finances. This includes managing your bank accounts, creating budgets, and generating reports. It even keeps track of your investments and taxes.


What is a budget?

Consider the following example - suppose your net monthly income (after tax and national insurance contributions) is £2,000. You need to ensure that at the end of each month, you have spent less than £2,000 as spending more could lead to severe financial and mental health problems. (

Are budgeting apps safe?

Modern budgeting apps like Money Dashboard and Plum claim to use the same encryption technology as all major banks to protect your personal information. They don't store your banking credentials and can only access your data in read-only mode. This means that your account can't be breached, and the money in it can't be touched. These apps are also regulated by the FCA. (

Do Budgeting Apps Really Work?

Budgeting apps are a great tool to help ensure you're living your budget , not just planning one. They can provide insights into your spending habits, identifying where your money goes and where you can make improvements.

As with any app, whether or not it “works” depends largely on how you use it. A challenge with budgeting generally whether managed with an app, a spreadsheet, or more manual means is committing not only to having a budget but to making your financial decisions in line with it. Many people find that the interactivity and automation provided by a budgeting app helps keep them motivated to stay on top of their personal finances. (

What is open banking?

Open banking is an initiative first launched in January 2018 to encourage innovation in financial services. (

These banks can now share your data with third parties safely, by plugging into feeds called Application Programming Interfaces or APIs - but, crucially, only with your permission. (




There are currently no comments on this post

Create an account to comment

Subscribe to our blog

Enter your email address to receive updates about new posts:


About Us

At Portfolio Hub, we are dedicated to helping individuals manage their personal finances and achieve their financial goals. Our blog provides valuable insights and resources on topics such as budgeting, investing, and retirement planning.

Learn More

Continue Reading