The 9 Best Budgeting Apps to Get Your Finances Together

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Unless you’re an accountant, budgeting can be nerve-wracking. Images of spreadsheets, endless numbers and paper receipts likely come to mind. If the prospect of better budgeting has you quaking in your boots, consider selecting a digital budgeting app to make your life easier.

Whether you want a better overview of your income and spending, the ability to trim the fat from your expenses or a strict budget, there are apps out there for your lifestyle. Not all apps cost money; many offer financial tools for free.

We’ve rounded up the best budgeting apps, free and paid, for Android smartphones and iPhones. Some of our highlighted apps even connect to your bank account, so you don’t need to input all your information manually.


The 9 Best Free & Paid Budget Apps

Budgeting app Price Best for App store rating

Rocket Money

$0-$12/month

The best budgeting app

4.2

Simplifi

$2.00/month

The runner-up

4.0

YNAB

$14.99/month or $99/year

A more detailed approach

4.8

Buddy

$0-$9.99/month

Manual mode

4.7

PocketGuard

$0-$34.99/year

Budgeting at a glance

4.6

Empower

$0

Build and manage wealth

4.7

Honeydue

$0

Budgeting with a partner

4.5

Goodbudget

$0-$70/year

Best virtual envelope system

4.6

What Is the Best Budgeting App for You?

There are several things to consider when you’re looking for a good budgeting app.

  • Flexibility: You may want the flexibility to customize your budget based on various factors, such as different types of income (i.e., cash tips, side hustle) and the kind of budget you like to use.
  • Account syncing: Budgeting apps can do a little or a lot. You may prefer to track transactions manually. Or maybe you want real-time tracking on transactions for some or all of your accounts.
  • User experience: How an app functions can vary. Are you OK with ads? Credit card offers? Categories that can’t be personalized?
  • Cost: Some budget apps are free. Some are paid. Some are “freemium” — basic features for free, premium features for a price. Do you want to budget for free? Are you cool with paying for extra features?

We’re recommending a range of budgeting apps that cover all the bases: paid, free, nice-to-have extras, super basic, no syncing, all the syncing (including tracking your net worth), automatically adding transactions, manually logging transactions, just for you or shared with someone else. Whatever your style, there’s a budget app that’s right for you.

9 Best Budgeting Apps for 2024

Rocket Money: The Best Budgeting App

Rocket Money

Key Features
  • Cancellation Concierge for subscriptions
  • Detects recurring subscriptions in your accounts
  • Link your accounts to keep track of your budgets
Rocket Money

Pricing
$0-$12/month
For iPhone
For Android

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Known for trimming bills, Rocket Money, formerly Truebill, isn’t a stranger to The Penny Hoarder community as we’ve recommended the app before — and with good reason. Rocket Money offers tools for budgeting, managing subscriptions and negotiating bills.

Rocket Money is an excellent all-in-one app for those looking to get their financial world in better shape.

Rocket Money takes top billing for allowing you to calculate and create an allowance, so you know exactly how much money you have to spend each month. You can also set up goals for categories you want to watch, such as eating out at restaurants or shopping in general.

If you’re new to budgeting, Rocket Money is a solid option that walks you through the process. The app offers additional features — such as spending insights — that can help you build better budgets. You can see where your money is going each month and receive alerts if you are headed toward overspending.

We love Rocket Money’s subscription management feature, too, that checks your bank account for any recurring charges. It’s a great way to discover subscriptions you may have forgotten about or no longer require.

If you have a high cell phone or cable bill, Rocket Money can even negotiate it down to a lower rate. Rocket Money does take a cut of that savings for the first year if your bill is reduced.

While Rocket Money is free, you’ll pay $3 to $12 each month for premium features. How much you pay is up to you.

Pro Tip

If you’re new to budgeting, check out our tips on how to budget. We’ll walk you through everything you need to know to get started.

Simplifi: The Budgeting Runner-Up

Simplifi

Key Features
  • Simple interface that’s good for beginners
  • Links to loans, 401(k), credit cards and more
  • Backed by Quicken customer support
Simplifi

Pricing
$2.00/month
For iPhone
For Andriod

The Simplifi app isn’t nearly as popular as it should be. The simple layout and design of the app — one of our favorite features — makes budgeting feel approachable and less intimidating. But a simple design doesn’t mean a lack of features, as Simplifi packs in effective tools to help you establish a budget and stay on track.

With Simplifi, you can connect all of your financial data, including bank, credit card, loan and 401(k) accounts, so you can see everything all together. From there, you can set financial goals and budgets while keeping track of your spending. Your overall spending plan even gives you an overview of planned spending versus what you’re actually spending.

If you want to save for a big purchase, such as a car or a down payment on a home, Simplifi can calculate how much money you’ll need to set aside each month to meet your goal. If you update the goal or alter the time frame, Simplifi will recalculate everything for you — without you lifting a finger.

One of the reasons we like Simplifi is because the budgeting app is backed by Quicken, a finance giant with millions of customers. Simplifi builds on a wealth of knowledge that Quicken holds in the financial space.

Simplifi is easily worth the $2.00 a month to use, and there’s a 30-day free trial so you can give it a test run.

Empower: Build and Manage Wealth

Empower

Key Features
  • Manage all financial accounts in one view
  • Track investments
  • Customizable budget categories
Empower

Pricing
Free
For iPhone
For Android

We’d be remiss not to include at least one budgeting tool that offers investment management services. Empower, formerly known as Personal Capital, is one of the most popular budgeting apps that allows you to add investment management services and financial planning tools alongside basic budgeting.

Empower lets you link bank accounts such as checking and savings accounts, credit card accounts, 401(k)s and IRAs and any mortgages and or loans. You can also create financial reports that track net worth and portfolio performance on your mobile device and desktop.

While Empower does support customizable spending categories, it doesn’t get into the weeds of expense tracking that many budgeting apps provide. Still, if you’re looking for a free budgeting app that also manages your personal capital, Empower fits the bill.

YNAB (You Need a Budget): A More Detailed Budgeting App

YNAB (You Need a Budget)

Key Features
  • Users can get into the nitty-gritty details
  • Real-time syncing across devices
  • Built-in loan calculator to help pay off debt
YNAB

Pricing
$14.99/month or $99/year
For iPhone
For Android

YNAB — also known as You Need a Budget — is a comprehensive, zero-based budgeting app that breaks down your spending and earnings into granular details. We love the features in YNAB, but the interface can be more intimidating than those of other budgeting apps that hold your hand throughout the process.

If you want to dive into the nitty gritty of your personal finances, YNAB is one of the best apps you can download — seriously, it could be life changing. YNAB connects to your bank accounts to automatically import your transactions and syncs in real time across multiple devices. You can start budgeting on your phone, then pick up where you left off on a tablet or computer.

The YNAB app offers the same features as our other recommendations, including the ability to set up and track goals or keep a close eye on your net worth.

We also love the built-in loan calculator that looks at interest rates and shows how much money you’ll save by paying down your debt faster.

Other YNAB features include smart categorization that learns how you sort purchases and adjusts to future spending, as well as an ad-free experience. It’s nice to skip the temptation ads can offer when you’re trying to get your financial house in order.

YNAB is free for 34 days to give you a solid month of budgeting plus a few days for analysis. You don’t have to put in a credit card to sign up, so you won’t end up with a forgotten subscription if you decide YNAB isn’t for you. YNAB also offers a yearlong free trial for college students.

YNAB costs $14.99 a month or $99 a year.

Buddy: Budgeting in Manual Mode

Buddy

Key Features
  • No linked accounts for greater privacy
  • Share a budget with a partner or roommate
  • Customized app makes budgeting more fun
Buddy

Pricing
0 or $9.99/month, $49.99 annually
For iPhone

Buddy introduces itself as your new financial companion — aka the joyful budgeting app — and we couldn’t agree more. A little on the basic side, Buddy still helps you create budgets and track your expenses. You can even share your budgets with someone else, such as your partner or roommate. Buddy is our favorite option for people looking to handle their finances together.

While Buddy is a great budgeting app, you can’t link a bank account or card, which means you have to manually input each transaction. To some, this is a deal breaker. For others, it’s the power of a budgeting app but with more privacy because your bank account isn’t involved.

If you are OK with adding transactions, you’ll find a plethora of wonderful features within the Buddy app. In addition to creating simple budgets and tracking expenses, you can break down spending into custom categories and view insights into your current plan and spending history.

Buddy even allows you to personalize the app to put some fun in budgeting with custom colors and themes.

Buddy is free, but if you want everything the app has to offer, you’ll need a subscription. Select features require a premium subscription, which is $9.99 a month. Annual subscriptions are $49.99.

PocketGuard: Budgeting at a Glance

PocketGuard

Key Features
  • Automatically tallies how much you have to spend
  • Shows net worth
  • Paid version includes debt payoff plan
PocketGuard

Pricing
$0 or $7.99/month, $34.99/year, or $79.99/one-time
For iPhone
For Android

PocketGuard is one of those finance apps that does the work so you don’t have to. The simple interface will sync bank accounts, calculate upcoming bills and manage your cash flow so you’ll always know how much you have to spend.

If you decide to lean into the premium version, PocketGuard’s paid subscription comes with a personalized spending plan that can help pay off debt, save money and more closely track spending.

As budgeting tools go, there is a downside to PocketGuard’s place as one of the most popular budgeting apps. While it’s nice to have intuitive tools that manage how you’re spending money, that can mean less awareness about specific budgeting concerns.

Fortunately, most of PocketGuard’s functionality is wrapped up in a basic version that’s free to download in both the Apple and Google Play stores, so you can give it a whirl and see how it stacks up to other apps.

Honeydue: Budgeting With a Partner

Honeydue

Key Features
  • Manage cash flow together
  • Alerts for monthly budget limits
  • Set bill payment reminders
Honeydue

Pricing
Free
For iPhone
For Android

Divide and conquer recurring bills with Honeydue, one of the best budget apps for couples. If you’re both trying to get a handle on finances and budget together, this might be the right budget app for you. Rather than having to get a joint bank account to manage money together, Honeydue allows couples to have separate views of their finances combined in one app.

One of the real advantages of Honeydue is it enables accountability if you and your partner are committed to better financial planning. Set up alerts when one of you is overspending in certain categories, and you can have a money chat and course correct to stay on track.

A clear disadvantage of Honeydue is that as much as it gives you a better handle on your current financial picture, the app doesn’t offer many proactive budgeting tools. Still, if you’d rather not plunk down money for a paid version of a budgeting app you may not use long term, Honeydue is worth a try.

Goodbudget: Best Virtual Envelope System

Goodbudget

Key Features
  • Virtual envelope system curbs overspending
  • No syncing for bank accounts
  • Paid version offers unlimited envelopes
Goodbudget

Pricing
$0 or $8/month, $70/year
For iPhone
For Android

If shopping sprees and overspending are the culprits that cause your budget to crash and burn, Goodbudget might be just the ticket. Similar to the cash envelope system, Goodbudget is a way to promote a zero-based budgeting system with virtual envelopes.

You can get unlimited envelopes with the paid version of Goodbudget, but this budgeting app does have a downside. There’s no automatic syncing of bank accounts, so you’ll have to enter amounts to be assigned to each virtual envelope manually.

Goodbudget also has some features that allow you to sync and share your budget with someone else. This functionality makes working on a shared savings goal like an emergency fund or affording that dream vacation easy.

Other Budgeting Tools to Consider

For those who find touch ID mobile access and multi-factor authentication a little off-putting, there are traditional budgeting methods you should check out. Several old-school pen-and-paper methods, such as Kakeibo or calendar budgeting, might be more your style.

Not sure which budgeting method suits you? Try our budgeting quiz to get custom results on which popular budgeting method is your perfect financial match.

Frequently Asked Questions (FAQ)

What Is the Best Budgeting App?

There are lots of budgeting apps on the market, but our favorite is Rocket Money for its abilities in budgeting, canceling subscriptions, negotiating bills and setting savings goals. We also prefer YNAB for more detailed budgeting needs and Honeydue for budgeting with a partner.

What Is the Easiest Free Budget App?

If budgeting apps intimidate you, try Simplifi, which is easy to use but will cost you a small monthly fee. If you want a free budgeting app, we recommend Mint by Intuit. You won’t get the premium features that Mint offers with its paid option, but the experience is still top-class.

What Is the Best Budgeting App for Beginners?

We recommend Simplifi as the best budgeting app for beginners. You will pay a small monthly subscription, but the Simplifi app isn’t intimidating to use. Mint is the best free budgeting app for beginners, in our opinion.

Kaz Weida is a staff writer at The Penny Hoarder covering saving money and budgeting. As a journalist, she has written about a wide array of topics including finance, health, politics, education and technology for the last decade. Michael Archambault is a former senior writer for The Penny Hoarder specializing in technology.

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