Best Budgeting Apps- Manage your expenses effectively in 2023

Discover the top budgeting apps along with their distinctive features and utilities.
Last Updated on :
June 27, 2023
budgeting apps

Setting a budget can significantly help you reduce expenses and boost your savings. It might be extremely difficult to stick to a savings plan, and that's when personal budgeting apps come to the rescue. Budgeting apps can be defined as software programs that help in the most efficient and effective management of your funds and expenses.

Budgeting and the best finance apps promise the best convenience and accessibility for managing your funds. Some of the best apps for budgeting offer tools and features that work on the same principles and perform exceptionally well in tracking your expenses and savings. These apps can help you manage funds from virtually anywhere.

Advanced technology and AI tools in the financial sector have completely revolutionized the budgeting game. AI-based financial apps assist you in creating a budget and financial goal that are easy to work with and achieve. The best budgeting apps set a budget as per your income and the frequency of your expenditures.

To simplify your search for the best budget planner app, we have compiled a list of the best budgeting apps that are available for both Android and iOS users. Budgeting apps will continue to be the best solution for money management, and thereby you must use them.

Our Top Picks

Gone are the traditional ways of writing and tracking your expenses on a notebook and Excel sheet. Some of the best budgeting apps can simplify the job for you. This article will walk you through the features and functionalities of budgeting apps and help you select the right one for you.

Initiate Smart Spending and Savings with the best budgeting apps in 2023

The best budgeting apps are the ones that are affordable, easy to use, easy to integrate and accessible. We have reviewed the best apps based on their most peculiar features and working. You can choose an effective management tool and install it on your mobile using the download links mentioned with the descriptions.



Apple 4.8
android 4.3

Mint is the best personal expense tracker that is available in both free and paid versions. It is the most popular and best budget app that provides an integrated platform to track and manage all your expenses in one place. The finest feature of this expense tracker app is that it syncs to your bank accounts and credit cards to track your income and expenses accurately. 

The app offers a daily budget planner that suggests workable budget plans as per your financial goals. You also have the option to revise and customize categories as per your liking. With Mint, you can also set reminders for paying an upcoming bill or a fee.

Features of Mint- personal expense tracker for individuals

  • Free to use without any premium subscriptions
  • Best security and safety features
  • Accurate and free credit monitoring
  • Monitor and track your spending from anywhere 
  • Integration with all financial accounts- credit cards, personal loans, and more
Download Mint


Apple 4.8
android 4.8

YNAB is one of the top budgeting apps that streamlines your savings and financial management. YNAB, or You Need A Budget, is a budget planner app that helps you take charge of your finances and effortlessly boosts your savings. With a proactive approach, YNAB is the best budget-tracking app that sets financial goals and budgets to fit individual needs.

This personal expense tracker lets you take financial responsibility and be more diligent about managing your funds. This budgeting app lets you plan funds and save for the future as well. This budget planner app provides detailed and well-planned reports for all individuals.

Features of YNAB- Best budget app for personal finances

  • Includes advanced goal-setting tools
  • Hands-on approach to saving more money
  • Tons of tutorials and educational content
  • Offers enhanced flexibility for budget planning 
  • Enables future month’s planning without restrictions
Download YNAB

GoodBudget App

Apple 4.7
android 4.3

GoodBudget app is one of the best budgeting apps that help you track and monitor day-to-day household expenses in the simplest and the most accurate manner. This expense tracker app records all your spending and helps you in saving on the budget through an ‘envelope method’. Users can simply allocate a small amount of their income for each category and can label things like rent, debts, groceries, and more. 

It is the best budget-tracking app for people who are new to budgeting and are just beginning to learn it. This budget planner app allows users to only spend the allocated amount for each category and shows a red sign to indicate over-spending.

Features of GoodBudget App- Best money management app

  • Best security with highly secured bank data encryption
  • Best free budget app for up to 20 envelopes
  • An intuitive and extremely simple-to-use interface
  • Compatible with multiple devices and platforms
  • Hands-on budgeting report with envelope budgeting
Download GoodBudget App


Apple 4.7
android 3.3

EveryDollar is one of the best apps for budgeting that helps you manage and secure funds effectively. It is an ideal and the best budget app that assists you through each and every step of the budgeting process. It is one of the simplest free budgeting apps that makes you more aware of your income and daily expenses. 

It is among the top budgeting apps that offer both free and paid versions. With the free versions, users are required to fill in all the transactions manually. Conversely, if you subscribe for a paid version, the app will directly download transactions from your bank account.

Features of EveryDollar- best among the top budgeting apps

  • Detailed account summary for all users
  • Preset categories for effective budgeting
  • Easy to track and monitor bills and invoices
  • Simple and intuitive interface ideal for beginners
  • Set financial goals as per your needs and preferences
Download EveryDollar
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Empower Personal Wealth

Apple 4.7
android 4.3

Empower Personal Wealth is one of the best budgeting apps and a pioneering leader in assisting users with financial planning and management. It is the best budget-tracking app, offering an optimized digital platform for an exceptional financial planning experience. It is among the most popular personal budgeting apps for retired employees.  Along with all this, Empower is a great robo-advisor app that utilizes advanced technology and a comprehensive dashboard to help users with their investment decisions, loans, retirement plans, and more. 

Unlike other free budgeting apps, Empower delivers breakthrough solutions for tracking and rebalancing your accounts for effective personal wealth management. The free tools can be accessed by anyone. However, if you are looking for an in-depth and more holistic wealth management tool, you can subscribe to the paid plans.

Features of Empower Personal Wealth- best free budget app

  • Access to free money management tools
  • Responsive live phone customer support
  • Dedicated financial advisors- robot and human
  • Latest tax optimization strategies
  • User-friendly website and the best free budget app
Download Empower Personal Wealth


Apple 4.7
android 3.7

PocketGuard is one of the best personal budgeting apps that helps people to stay well within the limits of their budget and improve their chances of financial growth. It has marked its place as the best personal finance app as it helps users to track their spending and helps them to control and manage it accordingly. It is the best budget app that allows you to link credit cards and debit cards to track purchases and expenses. The app will automatically upload all your purchases through the linked accounts. 

It is among the best budgeting apps as it shows the amount of money that you can actually spend through its ‘In My Pocket’ feature. It is a free budgeting app that offers basic tools. You can also opt for the paid version to access all the advanced tools for budget planning.

Features of PocketGuard- among the good budgeting apps for individuals

  • Shows pie chart reports for all users
  • Secures all your sensitive financial information
  • Supports sync and integration with bank accounts
  • Restricts and alerts users about the money left for expenses
  • Customizable budget plans as per the need and requirements
Download PocketGuard


Apple 4.5
android 3.4

If you are looking for an app to manage funds with your partners, HoneyDue is among the best budgeting apps for couples. It is one of the best budgeting apps that lets you collaborate and monitor all financial transactions with your partner. The app lets you keep track of all transactions in one place. It is divided into 3 different sections, a section for individual transactions of each partner and an ‘all’ column that display the transactions of both partners. Using this expense tracker app, couples can gain greater visibility into their expense and investments. 

It is different from other budgeting apps as it allows users to choose what their partners can view and allow them to communicate their finances in a more effective manner. The most efficient feature of this budgeting app is that it lets you organize and manage the expenses of both individuals in one place.

Features of Honey Due- among the good budgeting apps for couples

  • Makes financial planning with a partner easier
  • Allows communication between partners through chat
  • Free budgeting app to access wealth management tools
  • Supports integration with financial institutions and banks
  • Multi-layer encryption to secure data and banking information
Download Honey Due


Apple 4.8
android 4.7

Fudget is among the top budgeting apps that employ a simplified approach to financial management. The app offers infinite budget plans to cater to your financial needs and preferences. It is one of the best apps for budgeting, tracking, and regulating your daily expenses. You can import your accounts and transactions directly to this best app for budgeting and expense tracking.

Fudget offers all the wealth management features through an affordable, one-time charge of $1.49. This app can surely be considered the best money management app with its simple-to-use dashboard. If you wish to try the app, you can get it using the personal expense tracker app free download links mentioned below.

Features of Fudget- a good budgeting app for daily expenses

  • Extremely easy to use and understand
  • Free access to financial tools and features
  • Fully secure and safe as it does not sync to your bank account
  • Set a budget and save money according to the categories
  • Easy to comprehend spending graphs and charts
Download Fudget


Apple 4.7
android 3.8

Stash is a commonly used investment app and one of the best budgeting apps that perform dual functions. This budgeting app can be used as a brokerage account and can also function as a robo advisor. It is the best budget app that aims to simplify investing for beginners. It is a beginner-friendly stocks app that can assist you at each and every step of your investment. Stash can thus be classified as the best personal budgeting app that is ideal for multiple purposes. 

Stash offers the most comprehensive online and mobile financial services through its two-tier subscription options available for users to choose from- Stash Growth and Stash+

Features of Stash- one of the top budgeting apps for beginners

  • Suitable for automated and DIY investing
  • Value-based investment offerings
  • Huge selection of investment options- crypto and more
  • Manages portfolios with a robo-advisor
  • Offers an online bank account with a budgeting tool
Download Stash
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We have reviewed the best contenders in the list of the top budgeting apps. These apps offer exceptional functionality and utility when it comes to budget planning and financial management. If you are looking for a way to automate and simplify your budget planning, the best budgeting apps 2023 are the way to go. 

With affordable subscriptions and effective finance tools, the best budgeting apps can help in an optimized and efficient management of expenses and savings. We surely recommend you try out these apps to manage finances without breaking the bank. 

Lastly, if you are an app owner and wish to list your product, get in touch with us at MobileAppDaily. Our expert reviews will help your app reach its maximum potential and will ensure better engagement as well. Till then, keep exploring MobileAppDaily for the latest updates and insights on mobile applications and the current happenings in the technological world.

Written By
Pallavi Content Head at MobileAppDaily

She is an avid writer of technology and trending mobile apps. When she is not busy updating you about the tech world, she spends time reading books and playing guitar.

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