Best Budgeting Apps of January 2022

Personal budgeting can be tricky. That’s where a finance app can be a great assistant and motivator, with budgeting apps being one of the most sought-after types of financial products.

At their core, budgeting apps are pretty straightforward. You configure spending categories and then set up spending limits. Doing this allows you to track your expenses and keep on top of where you’re money is going.

Most apps will also allow you to set savings goals to avoid overspending and save money. There are many different budgeting app providers, which makes choosing one a bit tricky.

In the article, you’ll find information on pricing, features, and device compatibility to help you make the right decision and start saving money straight away. Let’s get to it!

In This Article

20 Best Budgeting Apps of January 2022

Here are the best budgeting apps use you can start using today.

  1. YNAB
  2. PocketGuard
  3. GoodBudget
  4. Wally
  5. Mvelopes
  6. Mint
  7. Truebill
  8. Clarity Money
  9. Centsible
  10. Toshl Finance
  11. Personal Capital
  12. Empower
  13. Stash
  14. Simplifi
  15. Albert
  16. EveryDollar
  17. PearBudget
  18. Honeydue
  19. Digit
  20. Qapital

1. YNAB (You Need A Budget)

  • App Developer: YNAB
  • Platforms: Web, iOS, Android
  • Free version: 34-day trial only
  • Premium version: $11.99 monthly or $84 yearly
  • Top features: Free workshops focus on the long term, shared budgets

YNAB, short for You Need A Budget, is a budgeting app that aims to change how you see budgeting. It focuses on the long-term rather than the short-term, helping you be proactive with your money.

The app uses four rules to help you get and stay ahead of your expenses.

You can link your bank accounts and even budget with someone you’re sharing expenses with (like your partner or housemate).

YNAB’s website also features many workshops and video courses to help you get the most out of the app and your money.

Although there is no free version, YNAB comes with a free 34-day trial giving you enough time to test drive the app to see if it’s the right fit for you.


2. PocketGuard

  • App Developer: PocketGuard
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: PocketGuard Plus – $7.99 monthly or $79.99 yearly or $99.99 lifetime
  • Top features: Negotiate better rates, debt payment strategies, net worth tracking

PocketGuard is a budgeting app with more than a few features in its pocket. You can link different bank accounts, including loans and investments, to track your net worth.

You can also set money aside for bills to see how much money you can spend without missing any payments.

Speaking of bills, PocketGuard can also help you negotiate better rates, bringing your expenses down. You can also use the app to set up a strategy for paying off your debts with an easy-to-follow schedule.

Data is encrypted using 256-bit SSL encryption, and you can also set a pin and biometric security such as fingerprint access to keep your data safe.


3. GoodBudget

  • App Developer: Dayspring Technologies
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: GoodBudget Plus – $7 monthly or $60 yearly
  • Top features: Envelope budgeting system, share and synchronize budgets, debt payoff tracking

GoodBudget uses the envelopes approach to budgeting, where income is put into different envelopes for different expenses.

When spending money, whether it’s bills, groceries, or anything in between, everything has to come out from the right envelope, helping you balance things out before it’s late.

You can share and synchronize budgets, a helpful feature if you are sharing expenses with someone else.

Other GoodBudget features include the ability to say for significant expenses and debt accounts to help you pay off debt faster.

On GoodBudget’s website, you will also find several financial education resources, including courses, podcasts, and articles on different financial topics.


4. Wally

  • App Developer: Wally
  • Platforms: iOS
  • Free version: Yes
  • Premium version: Wally Gold – $74.99 lifetime
  • Top features: PCI and GDPR compliant, multiple groups for expense sharing, receipt, and warranty safekeeping

Wally is an iOS app, which means you need an iPhone to make use of it.

It is both PCI and GDPR compliant, so rest assured that it’s serious about data security and privacy. You can use the app to set budgets by category with flexible periods to save and budget for different goals and expenses.

You can scan and upload receipts and warranties using your phone, helping you keep everything safe and centralized. Different bank accounts can also be linked and synchronized with Wally for better cash flow management and tracking.

Wally also allows you to set up different groups – a helpful feature if you’re sharing expenses with other people.


5. Mvelopes

  • App Developer: Finicity
  • Platforms: Web, iOS, Android
  • Free version: 30-day trial of Premier plan only
  • Premium version: Basic – $5.97 monthly, Premier – $9.97 monthly, Plus – $19.97 monthly
  • Top features: Different tiers available, financial coach meetings, masterclass videos

Mvelopes is a budgeting app that aims to help you eliminate debt and save more money. Setting up your plan takes 15 minutes, and they promise results within the first month of use – which is free, thanks to the 30-day trial.

However, there’s no free version of the app. There are three different tier plans to choose from, each of which has different features and comes in at a different price point.

The basic Mvelopes version has pretty much everything you need to manage your finances. The Premier version adds premium tools and support, as well as educational resources. The Plus version also includes a quarterly meeting with a financial coach.


6. Mint

  • App Developer: Intuit
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: No
  • Top features: credit monitoring, overdraft protection alerts, subscription monitoring

Mint is a free budgeting app by Intuit – a company well known for its portfolio of financial apps. You can easily link your bank accounts to Mint, helping you keep track of where your money is going.

The app includes Mintsights, which automatically finds any potential savings that you might have missed. You can also set up custom goals to save for different things and receive overdraft protection alerts.

The app can also track your bills to make sure you do not miss any payments.

Another helpful feature of this app is credit monitoring, which gives you free 24/7 access to your credit score. From a security perspective, Mint also includes 256-bit encryptions and Multi-Factor Authentication (MFA).


7. Truebill

  • App Developer: Truebill
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: $3.00 – $12/00 monthly
  • Top features: Credit Score tracking, saving on bills, a pay advance

Truebill is a budgeting app with a few extra nifty features to help you save money and stay within budget.

You can set up a budget that works for you, then use the accompanying tools to help you stay within budget and save money.

The app brings together all of your subscriptions, and you can ask the app concierge to cancel any unwanted subscriptions or try to negotiate a better price.

If you’re short on cash, you can borrow up to $100 to cover bills until your next paycheck. There is no credit check required, and you receive the money in seconds.

If you’re finding it hard to save money, the savings autopilot feature could help. The app analyzes your spending habits to customize how much money it saves for you. Money is stashed away into your very own FDIC-insured savings account held at a partner bank.


8. Clarity Money

  • App Developer: Marcus by Goldman Sachs
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: No
  • Top features: categorized spending, cashflow overview, link bank accounts

Clarity Money was a popular budgeting app that Goldman Sachs acquired back in 2018. On the 5th of March, 2021, it changed its name to Marcus Insights.

The app is entirely free, even if you are not a Marcus customer.

One thing worth noting is that the Android version of the app does not have all of the features available in the iOS version. While this can be a deal-breaker if you have an Android phone, the developers may still add these features later.

The app includes all features we expect from budgeting apps, like linking bank accounts and spending breakdowns.

Marcus Insights is available through the Marcus app, so you must create a free Marcus account to access it.


9. Centsible

  • App Developer: Centsible
  • Platforms: NA
  • Free version: 37-day free trial only
  • Premium version: $4.99 monthly, two free months with an annual plan
  • Top features: Envelopes budgeting, credit card tracking, mobile-first

Centsible is an invite-only budgeting app. As such, you can’t just sign-up or download the app.

Instead, you need to request an invite and wait for the company to contact you with further details.

The app uses the envelopes approach to budgeting, where all income is divided into different envelopes.

Each envelope represents a different spending or savings category. This system is used by many different budgeting apps and gives every dollar a job.

The app comes with a 37-day free trial, giving you enough time to drive test it to see if it’s the right fit for you.


10. Toshl Finance

  • App Developer: Toshl
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: Toshl Pro – $2.99 monthly or $19.99 yearly or $59.99 for 3 years, Toshl Medici – $4.99 monthly or $39.99 yearly or $119.99 for 3 years.
  • Top features: 289 currencies available, different graphs, over 14,400 banks, and financial institutions supported.

Toshl Finance is a budgeting app that can track debit and credit cards, as well as cash.

Alternatively, you can enter expenses manually using the app or import them through a file, giving you freedom of choice in how you use the app.

The app is very visual and uses different graphical representations for different things. River Flow, for example, represents income as a river with expense categories as streams diverging from the river.

You can even see your expenses overlaid on a map, showing you exactly where you’re spending money and on what.

The app accepts some 289 currencies, including cryptocurrencies, precious metals, and traditional currencies.

Doing this allows those who have accounts in currencies other than US Dollars to track everything. Exchange rates are updated every hour, helping you keep everything up to date.


11. Personal Capital

  • App Developer: Personal Capital Corporation, an Empower Company
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: annual fee of 0.89% of your investment assets under $1 million
  • Top features: free personalized plan by a professional advisor, investment options, retirement planner

Personal Capital is a budgeting and planning app that includes investing options. You start by opening a free account and linking all of your bank accounts and investments. That allows you to see your net worth, through which subsequent planning is based.

Once you’ve done this, you can get a free consultation with an advisor who’ll help you build a personalized plan that’s free of charge.

If you like the plan, you can invest directly through Personal Capital – a fiduciary that’s legally bound to put your interests first.

The app also includes a retirement planner and a fee analyzer, among other things – helping you stay on top of your finances while planning for long-term financial goals.


12. Empower

  • App Developer: Empower Finance, Inc
  • Platforms: iOS, Android
  • Free version: Yes
  • Premium version: No
  • Top features: Up to 10% cashback, up to $250 cash advance, category trackers to track expenses

Empower is a budgeting app and a cash card rolled into one. The app was created by Empower Finance, while the money is held at nbkc bank.

The cash card comes with a handful of handy features, including early paycheck deposits, no-interest cash advances of up to $250, and cash backs that go as high as 10%. You also get access to 37,000 fee-free ATMs and live chat support.

The app makes it easy to do budgeting through trackers, which track your expenses as they go out.

You can set a category budget and receive alerts whenever paychecks come through, or money goes out. Budget tracking is limited to money in the account, and you cannot connect other accounts to track overall expenses coming out of other accounts.


13. Stash

  • App Developer: Stash
  • Platforms: Web, iOS, Android
  • Free version: No
  • Premium version: Stash Beginner – $1 monthly, Stash Growth – $3 monthly
  • Top Features: Spaces to organize and track money, advice and educational material included, investment options

Stash is an online banking account that includes an app with budgeting features. Stash is for those looking to invest their money, with many features centered around building wealth.

Even so, the app includes automatic budgeting and savings tools and advice, and educational material that can help you manage your money and build wealth.

The app uses a system that’s closely related to the envelopes system that many budgeting apps use.

However, instead of sorting money into envelopes, it gets sorted into spaces where you can add goals and keep tabs on your spending.

There are three plan tiers to choose from, ranging from $1 per month and going up to $9 per month. Regardless of which plan you choose, you get financial counseling services, which can help you improve your money management skills.


14. Simplifi

  • App Developer: Quicken
  • Platforms: Web, iOS, Android
  • Free version: 30-day trial only
  • Premium version: $5.99 monthly or $47.99 yearly
  • Top Features: Connect to over 14,000 financial institutions, watchlists, category limits

Simplifi is a finances management app by Quicken – a company well known for its suite of financial apps. It features an easy setup process that you can complete in three steps.

You start by connecting your checking accounts, credit cards, and other accounts with more than 14,000 different financial institutions supported.

The app will then create a spending plan for you, which you can customize and adjust. Transactions are automatically categorized, helping you start organized without much effort. You can also single out subscriptions, making it easier to cancel them should you wish.

The app also includes many other features to help you stay within budget, including watchlists and category limits. While there is no free version of the app, it comes with a free 30-day trial.


15. Albert

  • App Developer: Albert
  • Platforwhat’sS, Android
  • Free version:  Yes
  • Premium version: Pay what’s fair
  • Top features: cashback, cash advance, predictive budgeting

Albert is a banking and budgeting app aimed at those looking to invest and grow their money. Albert itself is not a bank, but it does work with an FDIC bank – Sutton Bank.

There are no fees and no minimum balance, and if you choose to trade using Albert, you won’t have to pay any commissions. You may also qualify for cashback and cash advances, which come with no interest and no credit check.

When it comes to budgeting, the app automates most of the process, even predicting income and expenses to give you a heads up for the month well in advance. Expenses are tracked and categorized to help you avoid overspending. Other features include bill negotiation, subscription monitoring, and fee finding.


16. EveryDollar

  • App Developer: Ramsey
  • Platforms: Web, iOS, Android
  • Free version: Yes
  • Premium version: $59.99 per 3 months or $99.99 per 6 months or $129.99 yearly
  • Top features: free version available, personalization options, debt tracking

EveryDollar is a budgeting app available in two flavors – vanilla (free), and Ramsey+ which follows a subscription model and includes a free 14-day trial. The free version is quite limited, while the paid version includes more features.

The app uses a system of categories and line items to plan and account for every dollar that comes in or goes out. You can also create funds for large ticket items and track recurring payments with ease.

On top of that, you can track debt, including payments and interest, to help you make sure you maintain an accurate picture.

Setup is easy, which the app promises you can get done in under 10 minutes. There are many personalization options, helping you make sure you can create a budget that works for you.


17. PearBudget

  • App Developer: PearBudget
  • Platforms: Web
  • Free version: 30-day trial only
  • Premium version: $5 monthly
  • Top Features: simple, easy budgeting tools, works with most spreadsheet software

PearBudget is a budgeting app that focuses on simplicity before anything else. There are no mobile apps – PearBudget can only be accessed through a web browser.

The interface is very minimalistic with no frills. They have not changed their design in over ten years – something that you do not see very often.

PearBudget uses the envelopes system – something that you’ll find in many different apps.

The focus of the app is to help you spend more money on the things you need. With no bank connections available, everything is done manually, from entering income to what you spent money on – one by one.

Customer support is handled by the people who created and still maintain the application – which is always good to see.


18. Honeydue

  • App Developer: WalletIQ, Inc
  • Platforms: iOS, Android
  • Free version: Yes
  • Premium version: No
  • Top features: bill reminders, spending limits, compatible with over 20,000 financial institutions, joint bank accounts available

Honeydue is a budgeting app targeted towards couples who share aspects of their finances. You can track different accounts, including loans and investments.

The app supports over 20,000 financial institutions across five countries.

You can choose what you share and do not share, helping you keep your finances private. The app’s features include bill reminders, budgets with spending limits, and multi-currency support.

The app features a clean and fresh interface that’s easy to use and follow. Apps are available for both iOS and Android devices. However, there is no web version of the app.


19. Digit

  • App Developer: Hello Digit, Inc.
  • Platforms: Web, iOS, Android
  • Free version: 30-day trial only
  • Premium version: $5 monthly
  • Top features: Overdraft prevention, investment options, automatic savings

Digit is primarily a savings and investment app with some budgeting features that help you save money. You can tell the app how much money you need and by when, and it will automatically save the money for you. You can also use the app to take care of credit card debt and student loans.

When investing, you can’t pick individual stocks – you pick a risk level, and the app will automatically pair you with an ETF (Exchange Traded Funds) portfolio. You can also save money for retirement through an IRA (Individual Retirement Account) or long-term goals.


20. Qapital

  • App Developer: Qapital
  • Platforms: iOS, Android
  • Free version: 30-day trial only
  • Premium version: Basic – $3.00 monthly, Complete – $6.00 monthly, Master – $12.00 monthly
  • Top features: Pay Divvy, Spending Sweet Spot. investment options

Qapital is a budgeting, savings, and investment app. It features a lot of automation, helping you manage your finances with minimal effort.

The app includes novel features such as Spending Sweet Spot, which can help you find a balance between saving and spending.

Pay Divvy is another helpful feature that automatically splits your paycheck as soon as you receive it – helping you take care of what’s essential without risking going broke.

Accounts opened through Qapital are FDIC insured up to $250,000. Your data is encrypted, and the app features two-factor authentication to help you stay secure and safe.

How to Choose the Best Budgeting App

When it comes to finding the best budgeting app for you, there’s no one answer. We all have different goals – and it’s important to find an app that helps you meet them. Here are the things to keep in mind in your search for the right app for you.

1. Goals

Think about your savings goals and what you hope to achieve with the app.

Some apps come with a bank account, others to help you build wealth, while others are there simply to help you manage your finances.

Think about what’s important to you and what you’re looking for when it comes to your financial wellbeing. And don’t settle for anything less.

2. Features

With no two apps the same, it’s worth considering which features are essential to you to help you narrow the list of contenders down.

Do you prefer automation, or are you worried about privacy? Are you OK with the app connecting to your checking account and other accounts, or would you prefer to enter each receipt manually?

Consider the app’s functionality, as this can make budgeting a breeze (or a nightmare).

3. Access

How you access the app also varies from one app to another.

Most come with a mobile app that you can download from the App Store if you have an Apple device – or Google Play if you have an Android device. Some apps offer different features on different platforms, while some offer no apps at all.

Budgeting Apps FAQs

What are the top 3 apps for budgeting?

YNAB, Mvelopes, and Mint, and three of the most popular budgeting apps – but many other options could be a better fit for you.

Nominating one app as the best free budgeting app for managing personal finance is tricky. With everybody having different needs and requirements, no single app is a good fit for everyone.

What are the most popular money budgeting apps?

Mint, YNAB, and Mvelopes are some of the most popular money budgeting apps.

Other contenders such as Toshl, Qapital, PocketGuard, Wally, and many others also enjoy a respectable following – each of which offers a different set of features and perks that ultimately help you achieve the same goals – better financial management.

Are budgeting apps helpful?

Budgeting apps can be beneficial when it comes to proper financial planning. You can prepare a monthly budget, set goals, track spending, and view upcoming bills, among other things.

Is it safe to use Mint?

Mint is a budgeting app by Intuit – a company with an excellent reputation in the finance apps space.

Mint app offers some budgeting tools and allows you to track different financial accounts, so you don’t miss anything.

The app uses multi-factor authentication and is scanned for security with Verisign.