![]() ![]() YNAB has mobile apps for Android and iPhone and iPad iOS devices. Similar to Mint, YNAB links easily with your online accounts and has a great online and mobile interface. Unlike Mint, YNAB cost $5 a month, but they have a free trial for those who want to see what the program offers. For those who are more experienced at budgeting, or who want to have a clear idea of where their money is going, this might be frustrating and you might prefer a different type of app. ![]() The good news is that if you do change the category, the app remembers the right category the next time.Īnother downside is that it tends to only show you top level information and makes it difficult for you to drill down into the numbers in order to get a better idea of your spending. The app often automatically categorizes transactions in the wrong categories making it time-consuming to fix later on. ![]() One of the things that people don’t like about the Mint app is that the automation is frustrating at times. It also sends you alerts if you exceed your budget, spend too much on ATM fees, or if a bill is coming due soon. Mint can also send you weekly notification emails telling you things like how much you’ve spent so far and it has a number of tools that allow you to track your spending trends or investment performance in easy and accessible ways. You can edit this budget in order to customize how much you want to spend in those categories in the future or to change the categories. When you first sign up for the Mint app, it automatically creates a budget for you based on how much you spent in the past and creates budget categories like coffee shops, rent, or groceries. Users link their accounts to Mint and can easily track a wide variety of information such as their spending, their account balances, the performance of their investment portfolio, their credit score, and even their home value – which is provided through a partnership with Zillow. It’s also incredibly easy to use either via mobile or on the web, which makes it perfect for those who are just starting to track their budget. Perhaps the most well-known budgeting app is Mint, which is owned by Intuit, the company which makes TurboTax and Quicken. One of the benefits of the Mint app is that it’s free and it’s available on iPhone and iPad iOS, Android, Windows Phone, and Amazon. Here is a rundown of the pros and cons of the top four expense tracking apps. There are a number of different types of expense tracking apps and it’s important to find the one that works best for you. These apps will help you to keep yourself accountable to your personal finance goals. Tracking your budget in this way allows you to see where you might unconsciously be overspending and motivates you to rein in your spending. Some expense tracking apps also allow you to set personal goals like saving $250 in a month, while other apps make suggestions about the optimal balance of your budget – like how much you should be spending on housing costs or food. You can then quickly and easily log in to the app and see how much you’ve spent in each budget category for the month so far. Most automatically categorize your transactions according to the budget that you have set up within the app. These expense tracker apps connect with your credit cards and bank accounts and download your transactions. Rather then painstakingly logging everything you buy, use an expense tracker app. ![]() While a lot of personal finance experts suggest you carry a notebook around and write down everything you spend money on, who has the time? When it comes to saving money, the best way to do so is to create a budget and stick to it, but tracking what you spend can be time-consuming. ![]()
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