Here are some of the best budgeting apps and personal finance tools for 2024 that can help you to save money.
Budgeting is a fundamental aspect of personal finance that involves creating a plan for how you will manage your money. It helps you track your income, expenses, and savings to ensure that you are spending within your means and working toward your financial goals.
Your income is the money you earn from your job, side hustles, or any other sources. It’s the cash flow that comes into your pocket each month. Knowing how much you make is the first step in budgeting.
Listing your expenses on each money and setting financial goals can help to create a budget. Start by subtracting your expenses from your income. If you’re spending more than you earn, it’s time to make some adjustments.
Your budget isn’t steady. It’s okay to review and adjust it as your financial situation and goals change. Regularly check in on your budget to make sure you’re still on track to meet your goals.
Budgeting apps can be helpful in managing your finances, tracking expenses, and achieving your financial goals.
Here are some of the best budgeting apps that may help you save money:
YNAB (You Need a Budget)
It helps users allocate their income to specific categories, track expenses in real-time, and adjust budgets as needed. It also offers educational resources and live workshops to help users master budgeting skills.
EveryDollar
It follows the zero-based budgeting approach and helps users create customized budgets, track expenses, and prioritize savings goals. Its user-friendly interface makes it easy to stay organized and focused on financial objectives.
Goodbudget
Users can allocate funds to virtual envelopes for different spending categories. It offers a simple yet effective way to track expenses, manage cash flow, and avoid overspending.
PocketGuard
It categorizes transactions, identifies opportunities to save money on bills and subscriptions, and provides personalized tips for improving financial health.
Wally
This app allows users to track expenses, set savings goals, and visualize spending patterns through interactive charts and graphs. It also offers features for tracking income, monitoring debts, and managing recurring expenses.