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5 Best Budgeting Apps in 2021

Budgeting applications for the most part connect to your financial accounts, track spending, and classify expenses so you can see where your money is going. However, many apps are capable of far more. You’re not alone if you have problems budgeting your money.

Creating a budget can be difficult, and sticking to one is even more difficult, especially if it’s your first time. A budget is an important financial tool for individuals. It allows you to keep track of your finances and design a customized financial plan that works for you. Below are the 5 Best Budgeting Apps of 2021 which will definitely help you in making budget more easily.

These 5 best budgeting apps in 2021 will assist you in understanding your income and expenditures so that you have complete control over your finances. Budgeting apps can connect to your bank account and credit cards to download transactions and categorize your spending according to the budget you set.

5 Best Budgeting Apps In 2021
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To help you pick the best budgeting software for your needs, we looked at 15 popular budgeting applications and compared cost, usefulness, features, security, and reviews. Continue reading for our roundup of the best budgeting apps.

1. Mint

There’s a reason Mint has been rated the best budgeting apps over and over again and also in 2021. First and foremost, it is absolutely free to use with no charged upgrades. Second, it’s simple to use, making Mint is excellent software for both newcomers to personal finance and seasoned budgeters who want to keep a close eye on their spending. Mint is a budgeting programme that tracks your expenses and helps you balance your budget. It links to all of your bank accounts and keeps track of all of your transactions.

You can categorize your budget and be notified if you go over your budget limit. Each account on Mint is limited to one user. If you want to budget with a friend or family member, Mint recommends creating a second account in their name and linking it to your bank and credit card accounts.

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Mint requires you to link your financial accounts before it can track and categorize your transactions. You’ll get notifications if you go over budget in a certain category, if it detects a large or questionable transaction, and if you’ve paid ATM fees.

Mint also keeps track of all your invoices in one location and sends you reminders about upcoming payments. All of these options, including the credit monitoring service, are available for free.


A Budget Is Required YNAB, or You Need a Budget, keeps track of your spending and shows you how to wipe off debt, start saving, and more. It’s a fantastic option for zero-based budgeting. The rich graphs and color-coding, which provide a rapid overview of how much money you’ve spent, will appeal to visual learners. This is the greatest debt app because it has an easy-to-use UI, a large learning library, and a vibrant online community. Without a doubt, You Need a Budget (YNAB) is for the dedicated user.

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You must plan for every dollar you earn because it is based on the zero-based budgeting system. After a 34-day free trial, it also demands a financial investment of either $84 per year or $11.99 each month. (Students who produce proof of enrolment are eligible for a free 12-month period.) The numerous features of YNAB are available to those who pay this amount. You can link your bank accounts, create objectives, save money, and adjust your spending categories. There are other tools available, such as app user guides, financial guidance, and free workshops.

3. PocketGuard

PocketGuard is a free budgeting programme that connects your checking, credit, and savings accounts while also detecting recurrent payments and revenue. Then, after reducing upcoming expenses, savings target contributions, and pre-budgeted money from your expected income, it reveals how much is available for everyday expenditure. PocketGuard categorizes your expenses for you automatically, but you can also create custom categories and set spending limitations for them.

Bonus: If you really want to go into the details, PocketGuard allows you to export transactions so you may manipulate the data in your own spreadsheets. If YNAB is out of your price range, consider PocketGuard. This free budget tool provides a basic budgeting snapshot to help you arrange invoices, spending, and subscriptions while also allowing you to create custom categories. Sync your bank accounts and credit cards to the app so you’ll always know how much money you have.

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PocketGuard was chosen because it aids in the prevention of overspending. The company calculates how much you can spend each day using an algorithm that tracks your income, expenses, and savings goals. These spending limitations make it easier to stop overspending and achieve your financial objectives. Because its features focus on helping users take control of expenditures, PocketGuard was named the best for over spenders.

PocketGuard Plus, a paid premium version of the app, is available for download. You’ll need to link your checking, savings, and credit card accounts to get started. The software can track your spending, show you where you might save money, and notify you when your credit card bills are due.

4. Goodbudget

Goodbudget allows you to track your envelope and account balances and sync them across various devices by using the old envelope budgeting method. You can create envelopes for each of your budgeting categories and set aside money in each one. You may also set aside money for major expenditures, establish a budget that works for you, and share budgets with family and friends.

This software is the finest family budget app or the best budget app for couples because of the shared envelope concept. The envelope method, which divides your monthly income into particular spending categories, is the foundation of Goodbudget.

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Multiple devices can access the same account using the app, allowing partners and family members to share a budget. Goodbudget, unlike most other programmes, does not require you to sync your bank accounts. You manually enter account balances, cash amounts, and debts.

You designate money to spending categories, called as envelopes, after you’ve entered your accounts and income. One account, two devices, and a limited number of envelopes are included in the free version. Unlimited envelopes and accounts, up to five devices, and other features are included in the Plus version, which costs $7 per month or $60 annually.

5. Personal Capital

Personal Capital calculates your net worth, helps you manage your investments, and assists you with retirement planning. You can use the dashboard to receive a quick summary of your finances. Use the Personal Strategy tool to assess your current portfolio if you’re an active investor. Personal Capital is primarily a financial planning tool, but its free app contains budgeting tools. Checking, savings, and credit card accounts, as well as IRAs, 401(k)s, mortgages, and loans, can all be connected and monitored.

By listing recent transactions by category, the app gives you a spending picture. You may personalize those categories and see what proportion of your overall monthly spending each one accounts for. A net worth tracker and portfolio breakdown are also available through Personal Capital. Personal Capital receives top marks for providing the best free wealth-building tools available. To track your net worth, utilize the Retirement Planner to prepare for the future, and use the Fee Analyzer to evaluate portfolio fees, you can sync your financial accounts in one spot.

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Personal Capital does not allow you to manually enter budgeting transactions; however you can manually enter investments without having to sync those accounts. Personal Capital’s budgeting tools can help you track your monthly income and expenses. While you won’t be able to set precise targets, you will be able to construct a budget, compare your spending to past months, and view your expenditure by category.

These were the top 5 Budgeting Apps in 2021 which will make budgeting more seamless for you.

Also read our Blogs related to Budgeting below.

Budgeting with a Part-Time Job

What is Zero-Based Budgeting?

Budgeting for Beginners 101: How to Create a Successful Budget

Steps to streamline your budget

How to Stick to your Budget

How to Reconcile your Budget?

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