Do you remember a week or a month when you could tell precisely where you spent all your money? If you are a millennial, then you are no stranger to the desire to stretch your money. But have you been able to reach that objective?
If you are someone who needs help in managing everyday finances, then these tried and tested budgeting apps might just be the answer you’re looking for. With so many personal finance apps already out there, in this article we’ve shortlisted the most popular ones that have garnered quite a bit of attention and rave reviews from users in recent years.
Fudget: The No-Frills Budgeting App
This free-of-cost budgeting app is pretty straightforward and easy to use. With its basic interface and additional features, users can keep track of what they earn and spend. You can select the currency as AED and create budgets based on your desired frequency – daily, weekly, monthly. This app is perfect for someone who wants a simple and uncomplicated way to manage their budget, without being overwhelmed by over-the-top graphs and pie charts.
[Related: My four money saving mobile apps]
You Need A Budget (YNAB): Yes You Do!
This app is highly efficient at sorting your budget for you, albeit at a price! At AED 25 a month, this app manages your income and expenses competently. No need to live paycheck-to-paycheck anymore as this app helps you prioritize your debt repayments and keeps you committed to your financial targets. Used the right way, this app can really prove instrumental in helping you bring financial stability to your life.
Wally: Find Your Financial BFF in This Super Popular App
One of the most sought after apps, Wally has gained a solid reputation for all the right reasons.. and it comes for free! Wally is a budgeting app that helps keep track of all your spending. The app is available for download on both Android and iOS smartphones. The user interface is designed to keep accounting simple yet effective. Its expense-tracking functionality offers a convenient way to keep a record of expenses made via cash or credit/debit cards. It also gives you an analysis of your spending patterns on a weekly, monthly, and annual basis.
Goodbudget: A Cool New Take on Envelope Budgeting
Have traditional budgets failed you time and again? Get a grip on your spending with the Goodbudget app that is built around the unique envelope budgeting system. It offers a simple, user-friendly interface to manage individual and household budgets. The user can create virtual envelopes to create multiple expense categories, fill them up, and keep a track on the balance in each. You will have to enter all the details manually. The free version of the app gets you 10 regular plus 10 extra envelopes and allows you to sync your budget across two devices.
[Related: Manage Your Cash Better with Envelope Budgeting]
Spendee: Intuitive Design and Social Appeal
This user-friendly app is one of the best you can get to stay on top of your finances. With its smart design and colorful graphics, it is not only easy to keep track of your money but also fun. You can also sync the app across multiple devices and create a group wallet with your friends. Regulations in the UAE, however, do not allow the app to sync with bank accounts yet. For additional features, you can get Spendee Premium for $1.99/month or $14.99/year.
