Transform Your Smartphone into Your Budgeting Bestie
If you've ever felt intimidated by budgeting, you're not alone. You're in the right place, though, because we've all been there. "Adulting" and money management can be a bit scary. Thankfully, your smartphone can turn into your budgeting bestie. Gone are the days where you have to use a notepad to record what you've spent.
In this blog post, we're going to talk about the best apps to help you conquer your finances like a pro. And we'll list some helpful tools to make your money journey a little less daunting ✨
PSA: If you've been hit with an unexpected expense, we'll just mention that Cleo could spot you up to $250*. No credit checks. No employment verification required. No stress. Eligibility requirements apply.
Why You Need a Budgeting App
Before we dive into the best apps out there, let's talk about why a budgeting app is something you need.
To put it simply, they help keep your financial goals in check.
Whether you're looking to save for that well-deserved vacation, crush your student loan, or simply have some control over where your money goes, a budgeting app is your go-to guide.
Think of it as your personal finance wizard. You input your income, expenses, and financial goals, and your budgeting app will work its magic. You'll get an idea of where your money is going, where you can cut back, and where you can invest more. And the best part? It's all at your fingertips, 24/7. And we're here for it 📢
Popular Budgeting Apps
There's a ton of budgeting apps out there and each app is different. And it's important to do your own research first to figure out which one suits you best. But here's a list of some of the most popular budgeting apps (in no particular order) to help you get started.
Mint is a free budgeting app that offers a wide array of features. It syncs with your bank accounts, credit cards, loans, and investments, giving you a comprehensive view of your finances. Mint also tracks your spending, categorizes it, and presents it in easy-to-understand charts and graphs.
#2 YNAB (You Need a Budget)
Unlike most budgeting apps, YNAB doesn't just track your income and expenses. It empowers you to actively plan your spending and savings. The philosophy behind YNAB is "give every dollar a job," which means you allocate every dollar of your income to a specific purpose.
#3 Cleo 💙 The Ultimate Gig Worker App 💙
Cleo's the ultimate gig worker cash advance app.
Because no matter your income or whether you're in part-time or full-time employment, Cleo believes everyone should be able to apply for a cash advance. She's nice like that.
Key features of Cleo include:
Money Tracking – Cleo offers insights into your spending habits by categorizing your spends, helping you understand where your money's going 🥡
Budgeting – Helpful budgeting tools which let you set spending targets for different categories like groceries, eating out, or utilities.
Savings – Cleo can help you save money by analyzing your income and spending patterns, then setting aside small, affordable amounts.
AI-Powered Assistant – Cleo is an AI chatbot with a big sis kinda energy. You can ask her questions about your finances, and she'll respond with the benefit of having your entire financial picture at her digital fingertips 💅
Roast Mode – The money app that roasts you. Roast Mode aims to help you put your finances in order by picking up on your bad spending habits and basically roasting the sh*t out of you for it. (All for educational purposes, of course).
Goodbudget employs the envelope system without the paper cuts. Ouch. With this budgeting app, you allocate money to different "envelopes" (categories) like groceries, entertainment, or rent. Once you've spent all the money in an envelope, that's it for the month. It's a straightforward way to see where your money goes and how to control your spending.
Ever asked yourself, "Can I afford this?" PocketGuard is there to answer. This budgeting app tracks your income, bills, and spending, and then calculates how much you have left for non-essential spending. It's a simple but effective tool for preventing overspending.
Choosing the Right Budgeting App for You
Before you download every budgeting app mentioned here (ahem, Cleo), consider your needs. Are you new to budgeting and need a basic, easy-to-understand tool? Mint or PocketGuard may be worth checking out. Looking for the best budgeting app out there? Cleo could be your new bestie. 👀
Sorry, not sorry.
Remember, the best budgeting app for you is the one that meets your individual financial needs and goals. It might take a bit of trial and error, but once you find your perfect fit, it'll be like finding your forever brunch buddy. We love brunch.
So, What's Next?
Choose the app that suits your needs, download it, and start exploring. Most of these apps offer tutorial videos and help guides to get you started. A budgeting app is more than just a tool. It's a game-changer that empowers you to take control of your finances. You're an adult now. It's time to do adult things like make a budget.
Enjoy this post? Def give it a share or send it along to a friend. You never know, it could make a big difference. Big love. Cleo 💙
*Eligibility requirements apply.