Keeping track of how much money you spend or save each month is something that anyone with a smart phone can easily do. Contrary to how confusing it may seem, you do not need a complicated spreadsheet system or financial software to keep track of a budget or how much money you have managed to save. In fact, it is as simple as entering a few numbers into your phone regularly. Then, at the end of the month you can view a nice pie chart or graph of your financial month. These three budgeting apps can help you start tracking your monthly income and expenses today.
Try those budget apps
MoneyWise for Android
Recommended by Lifehacker, the MoneyWise app works on the Android operating system. The app is free, with a paid Pro version available. Unfortunately, the free version does limit the amount of accounts that can be added, which means that most users will likely need to upgrade. What is great about this app is that it is very easy to use and does not require integration with a website. Another bonus is that the app is fully functional offline, which means that it does not drain your data plan. MoneyWise is great for both beginners and advanced budget-makers.
Mint for Android and iOS
Middleburg Bank promotes the Mint app to its customers who are in need of budgeting help. Listed as one of the 50 Best iPhone Apps of 2011 by TIME Magazine, the Mint app works on both the iOS and Android operating systems. It is completely free to use on both operating systems and integrates seamlessly with the Mint website. While it is very easy to use, not all of the features on the website are available on the app. One cool feature of the Mint app is that it will send you an alert if you go over your budget in a category or if it notices an expense that is higher than usual for you. The Mint app is good for people creating their very first budget as well as seasoned budgeting pros.
Jumsoft Money for iOS
Lifehacker points to Jumsoft Money as their top pick for iPhone budgeting apps. Only available for the iOS operating system, this app does have a cost of $1.99. While you can create either complex or simple budgets with the app, it is very easy to use and sync with the Mac desktop app of the same name. The app can even handle a business budget. The simple interface of this app makes it great for beginners as well as those accustomed to making budgets.
There are numerous other budgeting apps available for smart phones, with these three being the top picks. If you are looking for more robust features or a more minimalist budgeting app, those can be found as well. But if you are just beginning to use a budgeting app, these three choices are a great place to start.
What have you found to be the most effective way for you to stay on top of your budgeting needs? Have you found any of these smartphone apps to be effective? Are there any others that fit your needs better?