3 Best Budgeting Apps for Getting Control of Your Finances

At GP, we believe in good budgeting. While it’s not technically our focus, it goes hand-in-hand with what we do, which is provide you with gift ideas that are both quality and affordable. Giving great gifts doesn’t have to break the bank!

There are some excellent apps out there to make your budgeting life easier. Countless options have emerged in the past couple of decades, but there are a few that stand out. Here are three of the best budgeting apps you should consider for your own personal finances.

1. EveryDollar

Our favorite budgeting tool by far is EveryDollar, the budgeting app created by Ramsey Solutions (Dave Ramsey). EveryDollar operates on the premise that every dollar you make should have an assignment – no dollar left behind! With an emphasis on Dave Ramsey’s Baby Steps to financial peace, EveryDollar has a simple and user-friendly interface that you can customize to fit your own budgeting categories. You can also have the app keep track of debts you’re paying off, link it to a bank account to automatically read transactions (only on EveryDollar Plus, the paid version), get great insight into your spending over the past year, and even attend live group coaching sessions. It’s a great resource that we highly recommend at Generous Pennies.

2. PocketGuard

PocketGuard is another great option. It offers expense tracking by linking to your bank accounts as well as other basic features that most of these apps have (such as syncing across multiple devices). But one really unique feature of PocketGuard is its IMP tracker. IMP stands for “In My Pocket,” and this feature essentially emphasizes for you what you really have left in your bank account when all of your bills are paid. By creating that kind of awareness for its users, the app helps them to curb their spending habits where needed. PocketGuard also has a wide variety of pie charts and data that can help you make more informed decisions about your spending.

3. YNAB (You Need A Budget)

Finally, YNAB (You Need A Budget) has been around for over two decades and has helped countless individuals better themselves financially. Designed with the philosophy of accounting for every last dollar, YNAB focuses on zero-based budgeting and has features that encourage its users to be proactive about their spending and savings goals. The app also provides educational resources to help you grow in your personal finance knowledge and build a better foundation for your future. It’s one of the best budgeting apps you’ll find.

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We understand that picking the right budgeting app is a personal decision, but these three apps are some of the best budgeting apps you’ll find, and they can cater to just about anyone’s budgeting needs. Whether you’re looking for simple or looking for more comprehensive tools, give these a try and see what works for you. We’re confident that if you stick to it, your financial horizons will improve, and you’ll experience less stress and more peace in your life.