Being in debt is one of the most frustrating feelings in the world. We also know that a lot of people are in debt and do not even realize it. Budgeting can be difficult, but you can find budgeting apps that make it easy. Here are some of the best apps for budgeting money.
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8 Budgeting with Mint
Mint is one of the most popular budgeting apps out there. It is only available on the web and Android devices.
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The best budgeting apps of May 2022
Laura Grace Tarpley, CEPF Updated May 2, 2022, 6:07 PM
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.
Budget app Editor’s rating Category Next steps
Intuit Mint
Mint
4.5 /5
Best budgeting app overall LEARN MORE
Zeta Zeta
Zeta
4 /5
Best for couples LEARN MORE
Trim Trim
Trim
4 /5
Best for automatically reducing bill payments LEARN MORE
The best budgeting apps of May 2022
Mint: Best budgeting app overall
Zeta: Best for couples
Trim: Best for reducing bill payments
Other apps that didn’t make the cut and why
Are these apps trustworthy?
How did we choose the best budgeting apps?
Frequently asked questions
Budgeting can already feel difficult, but with the right budget app, you should be able to track your spending habits, find ways to spend less and save more, or budget effectively as a couple.
In our search for the best budgeting apps, we made sure our top picks are easy to use. We also considered what might be important to different people when sticking to a budget.
Check out our picks for best budgeting apps, and read more about how we chose the winners.
The best budgeting apps of May 2022
PFI Best Mint Banner
Insider
Mint: Best budgeting app overall
Why it stands out: The Mint app is owned by Intuit, the financial software company that also owns TurboTax and Quickbooks. Link your bank accounts to Mint for the app to create a budget based on your past spending habits.
The app splits your expenses into categories such as shopping, bills, and transportation. You can easily change the settings yourself or create a new category — so Mint does all the hard work for you, but you still have some control.
Mint makes it easy to save for multiple goals. Create a goal, including your estimated costs and timeline, and Mint factors the plan into your budget.
Mint is easy to use and helpful for understanding your finances on a large scale. In addition to showing your income, expenses, and savings goals, it also displays factors like your credit score, investments, and net worth.
Pricing: Free
Look out for: Occasionally, Mint will place a transaction in one category (like transportation) when it should actually be in a different category (like bills). You do have the ability to reassign the transaction to another category within the app or create your own category.
PFI Best Zeta Banner
Insider
Zeta: Best for couples
Why it stands out: Zeta is a budgeting app designed specifically for couples. Zeta displays all your individual and shared finances in one place, and it gives you the option to hide certain financial information from your partner. It’s a good option for couples who have combined their finances or for those who prefer to bank separately.
With Zeta, you can set personal and combined financial goals. The app sends you monthly reminders to set “money dates,” making it a good tool for learning to communicate about your finances.
Pricing: Free
Look out for: The Zeta mobile app has an easy-to-use interface, but its website is outdated and difficult to navigate.
PFI Best Trim Banner
Insider
Trim: Best for reducing bill payments
Why it stands out: Trim analyzes your bills and spending habits and reveals where in your budget you can save money. Trim’s most unique feature is Bill Negotiation — the app analyzes your internet, phone, cable, and wireless bills and determines whether you can get the same service with the company for a lower price. This feature could potentially save you hundreds of dollars in a year, which you can then put toward other expenses, save, or invest.
Pricing: It’s free to sign up for Trim. If you agree to Trim’s proposed bill negotiations, you’ll pay 15% of what Trim saves you in a year in one lump sum.
Look out for: When Trim negotiates a bill, you pay 15% of whatever it will save you for the year in one lump sum. If you plan to change your internet, cable, phone, or wireless provider in the next year, you could actually end up losing money.
Trim is also not downloadable as an app on the Apple or Google Play store. Instead, it’s available through Facebook Messenger, or you can sign up via email.
How our list compares
Research is an important part of choosing a budgeting app that fits your needs, and Business Insider isn’t the only website looking for the best apps. To help you make a decision, we’ve compared our top budgeting app picks with lists from other publications.
Keep in mind that websites categorize their budget app lists in different ways. Each publication has different categories and methodologies for identifying the “best” budgeting apps. We included a checkmark under each publication name if it recommended an app in its roundup.
Personal Finance Insider Investopedia NerdWallet The Balance CNET Money Under 30
Mint ✓ ✓ ✓ ✓ ✓ ✓
Zeta ✓
Trim ✓ ✓
The Personal Finance team tested nearly a dozen apps for over two weeks, and we ultimately decided on our top picks based on factors like pricing and easy-to-use interfaces, and we examined whether each app accomplished everything it advertised.
Other apps that didn’t make the cut and why
You Need a Budget: This app is designed to help you get out of debt and stop living paycheck-to-paycheck — but it takes a long time to set up, has an elaborate interface, and costs $11.99 per month.
Wally: Wally helps you track your spending by taking pictures of receipts, but it isn’t available in the Google Play store.
PocketGuard: It’s easy to visualize your spending with this app, but the charts and graphs aren’t always accurate if PocketGuard doesn’t categorize your transactions correctly.
MVelopes: When you link your bank account to MVelopes, it provides a digital version of the “envelope method” in which you track your spending by keeping money in separate envelopes based on the category — but you’ll spend at least $6 per month for the most basic version.
GoodBudget: GoodBudget offers a free version of the “envelope method,” but it doesn’t link to your bank account, so you have to be disciplined enough to enter every transaction manually.
Personal Capital: Personal Capital includes spending and net-worth tracking features, but it’s primarily an investment tool.
EveryDollar: EveryDollar’s free version helps you track expenses and set goals, but it doesn’t monitor your net worth or credit score like Mint does.
Albert: This free app tracks your spending and alerts you if you’re at risk of overdrafting, but it isn’t as strong as our top picks.
CountAbout: One feature of CountAbout is that you can import data from Mint — but considering Mint is free and CountAbout’s most basic plan costs $9.99 per year, you’re better off just downloading Mint.
PocketSmith: You may like PocketSmith if you want a forecast of your net worth. But its interface isn’t quite as intuitive as those of our top picks.
Wismo: Wismo is a hybrid social media platform and budgeting app, so you won’t get the full experience unless your friends and family also use the app.
Are these apps trustworthy?
Normally, we compare companies’ Better Business grades. But two of our favorite budgeting apps haven’t been graded by the BBB, so we aren’t factoring scores into our trustworthiness review.
Trim and Zeta do not have any recent scandals.
Mint’s parent company, Intuit, does have some public issues surrounding its tax-filing software, TurboTax. The city of Los Angeles sued Intuit in 2019, claiming it made free tax filing hard to access for people who qualified. This scandal pertains to Intuit’s TurboTax, not Mint. But if it makes you nervous, you may decide to go with one of our other favorite budgeting apps instead.
How did we choose the best budgeting apps?
If you care about tracking your expenses, you probably don’t want to pay a lot of money to create a budget. For this reason, cost was a huge factor in determining our list.
We compared over a dozen budgeting apps, honing in on their features, ease of use, and availability for multiple devices. Our editorial team tested and evaluated our potential top choices.
Finally, we cross-referenced our research against popular comparison sites like Investopedia, The Balance, and NerdWallet to make sure we didn’t miss a thing.
Frequently asked questions
Why trust our recommendations?
Personal Finance Insider’s mission is to help smart people make the best decisions with their money. We understand that “best” is often subjective, so in addition to highlighting the clear benefits of a financial product, we outline the limitations, too. We spent hours testing budgeting apps, and we compared and contrasted the features of various apps so you don’t have to.
What is the best budgeting app for beginners?
In most cases, the best budgeting app for beginners will be one that makes budgeting easy — this means it has an easy-to-use interface and links to your accounts so you don’t have to enter every transaction manually. It can also be good to have an app that teaches you about money. For these reasons, the best budgeting apps for beginners right now is Mint.
What is the best free budgeting app?
Mint is completely free to download and use, and there are no paid membership options. Mint links to your bank account and monitors multiple aspects of your finances, including your income, spending, investments,
credit score
, and
net worth
.
Laura Grace Tarpley, CEPF
Personal Finance Reviews Editor
Laura Grace Tarpley is a personal finance reviews editor at Insider. She edits articles about mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF). She has written about personal finance for six years. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at ltarpley@insider.com. See below for some of her work. Today’s 30-year mortgage rates Here are the best mortgage lenders right now The pros and cons of paying off your mortgage early The best online high-yield savings accounts Chase checking accounts: Compare all 5 options Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
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Disclosure: This post may highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team. Read our editorial standards.
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