Budgeting apps are financial software that can help you get better at budgeting. With all of today’s temptations, it can be difficult to avoid the impulse to purchase things we don’t need. Besides this, not everyone is willing to find time to accurately track their spending. Luckily, there are plenty of finance-friendly apps that will do your budgeting for you.
Below, we’ll break down the best finance and budget app choices for 2020. With any of these choices, you’re bound to get a good glimpse of your actual spending habits and save money for more important things.

What Are Budgeting Apps?
Personal finance applications are on the rise. It used to be that if you wanted to maintain your budget online, you were limited to Microsoft Money or Quicken. While those programs do a great job of managing your money, they aren’t very nimble. It’s a good thing that the past few years have brought us You Need a Budget (YNAB) and Mint. These are the kind of apps that help you create and stick to budgets for particular periods. But these abilities are only the basics.
Nowadays, financial apps have a combination of abilities that surpass even just simple budgeting tasks. A countless number of other apps and programs have since been produced that offer more than you would expect in a budgeting app. Since we are somewhat addicted to our phones, there isn’t any reason for not being able to keep up with your budget—especially if it’s in your pocket all day long.
What to Look for in a Budgeting App?

Your choice of budgeting app needs to have at least two or three of these features to serve you well: budgeting tools, bill reminders, and net worth monitoring. Budgeting tools help you to build a budget and monitor your spending. For example, you can keep track of how much you’re spending on eating out, shopping, or travel. Bill reminders set up due date alerts for your bills to ensure that you never miss payment dues.
Account monitoring, on the other hand, gives you the ability to view your account balance. It also easily calculates your net worth for a specific period. Most budgeting tools also can integrate with banks and lenders. This tracks your transactions from multiple accounts and allows for a holistic picture of your spending. This makes it much easier to manage your money from separate accounts. It also makes it easy to monitor your overall balance from across the board. Some hybrid finance apps are also able to take on budgeting tasks. They do this while also allowing you to trade in the stock market.
Best Budgeting Apps to Help You Be Smarter With Money

Budgeting apps are great helpers when it comes to managing your finances. They act as a one-stop-shop for your banking accounts to take note of your expenses and bills. Some of them are even integrated as an add-on feature to full-blown investment apps. But otherwise, their main purpose is still limited to…
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