We live in a world full of temptations, where developing unhealthy spending habits is easier than ever. Taking control of your finances is one of the most empowering things you can do. Today, we’ll share some of the best budgeting apps to help you master your spending patterns. Whether you’re trying to save for a big purchase or get an overview of how you’re doing, getting an app from today’s list could be a great way to start.
Stay tuned to discover the best personal finance software and money management apps and other practical applications to help you achieve your financial goals. We’re listing some of the best money-saving apps out there today. You can up your savings game further by checking our Personal finance blog page. Learn about helpful tools and tips on getting your finances under control.
Learn how to cut back and make savings with our pick of free budgeting apps available on the App Store and Google Play. Stay on top of your expenses at a time of rising bills and consumer costs.
Finding the best money management app for expense tracking
Manual money management apps: Money Manager Expense & Budget
Envelope system budgeting apps: Goodbudget
Best money management app: Piggy Goals
Simple money-saving apps: Spending Tracker
Spending patterns. Best money management apps: Monefy
Best personal finance software
Profee
Money management app for group bills: Splitwise
Final thoughts on the best personal finance software
Finding the best money management app for expense tracking
While using your banking app could be a significant first step on the journey of responsible budgeting, it is not going to be sufficient if you have several accounts from different banks. That’s when it’s worth exploring personal finance app options.
Manual money management apps: Money Manager Expense & Budget
Main features the app offers:
- A free version that you can upgrade for €2.49/month;
- No syncing with a bank account;
- Graphs and statistics;
- Search and calculator functions;
- Flexible spending categories;
- Multiple currencies available;
- Budget planning and more.
With the Money Manager Expense & Budget, you can input your earnings and expenditures, which the app turns into daily, weekly, and monthly reports. It allows for easy monitoring of your finances. The app creates graphs that you can use as a quick visual aid to stay aware of your financial goals vs. current spending. You can also organise your expenditures into categories and extract the data to Excel for in-depth research. It is overall one of the best budgeting apps for those prioritising simplicity.
Envelope system budgeting apps: Goodbudget
Inside the app:
- A free version you can upgrade for €5.99/month;
- Synced transactions you can access on other devices;
- Sync and share your budget with family;
- In-app reports;
- Income vs spending chart;
- Debt progress report and more.
This one stands out among other budgeting apps as it is a digital incarnation of the envelope budgeting system. If you don’t know what that is, it’s a system of planning your budget a month ahead using cash. You spread your money across several envelopes, each designed for different spending categories, such as groceries, rent, or utilities. Goodbudget allows you to implement the same method but using your smartphone.
Best money management app: Piggy Goals
Main feature list:
- A free version you can upgrade starting from €2.99/month;
- Graphs and animations;
- Notifications and reminders;
- Create goals;
- No internet connection is required;
- Two modes: Piggy Bank and Piggy Goal.
Piggy Goals could be the one for you if you’re only getting into saving and wish to start with simpler budgeting apps. It offers a straightforward and familiar system of saving money. You can do it by having a piggy bank, depositing cash at any time, or establishing weekly, monthly, or yearly goals. It’s an especially great fit for those saving up for a bigger purchase.
Simple money-saving apps: Spending Tracker
Primary features:
- A free version you can upgrade for €2.99/month;
- Flexible time periods;
- Budget mode;
- Overview of your spending progress;
- Spending and income categories;
- Reports and more.
Spending Tracker is a very intuitive, manually set up budgeting app that allows users to choose weekly, monthly, or yearly tracking. You can select a fixed budget for a time period while the app helps you navigate through your spending via reports and interactive charts. Users can group their spending categories and identify their expense patterns. You also have the option of travelling back and forth in time to get a bigger picture of your spending.
Do you find yourself often making impulsive purchases? Read our blog post on how to stop spending money to improve your spending habits.
Spending patterns. Best money management apps: Monefy
Key functionalities:
- A free version you can upgrade for €2.99/month;
- Intuitive interface;
- Super fast record adding;
- Charts and lists to give you an overview of your financial situation;
- Multiple currencies;
- Manageable categories;
- Synchronisation with Google Drive/Dropbox account;
- Recurring records tracking and more.
One of the biggest perks of this personal finance app is that it breaks down your expenses and turns them into detailed charts. Using this feature, you can get a comprehensive analysis of your spending. If you’re someone struggling with identifying blind spots in your spending routine, this is a great way to start your money-saving journey.
Best personal finance software
The apps we are about to discuss are not budgeting apps per se, but they will definitely help you develop budget-friendly practices. The thing about saving money is it’s not all about cutting all the fun activities and becoming extremely frugal. You can take the first steps in managing personal finances by simply choosing more sustainable options while still fulfilling your needs and treating yourself and others.
Profee
If we live far away from friends and family, it is our natural need to stay close to them despite the distance. Money transfers are one of the bridges that can help connect with loved ones worldwide. While it may seem rather strange to talk about ‘spending’ money in an article dedicated to the best budgeting apps, let us explain.
Regular bank transfers, cash pickups and money transfer services can be expensive. But it doesn’t mean you should stop supporting those you care about. The solution here is simple—find a company that will be a good fit for you. And we have a suggestion that might be just right. Profee is a money-saving app that will help you spend less while remitting globally.
Main features:
- Three types of accounts that are free to open;
- Extremely safe—Profee is a licensed European company;
- Intuitive interface;
- No commission on the first transfer;
- Minimal commission on the following remittances;
- Card-to-card transfers get delivered instantly;
- You can send money from Europe to 65+ destinations covered globally;
- Always beneficial exchange rates thanks to Profee’s smart monitoring system;
- Referral programme and more.
Profee is a favourable alternative to wire transfers anyone can use to maximise their remittance experience. Avoid the downsides of wire transfers, such as slow delivery speed, high fees, hidden commissions, and unfavourable exchange rates, while enjoying safety and reliability. All that, plus the ability to track your transfer history, makes Profee a fantastic addition to your personal finance app collection.
Pro Tip: You can save by sending funds globally with Profee and earn money by participating in the Referral programme. Share your referral link with as many friends as you want and gain without limits. Wait until your referee makes their first transfer of 100 EUR or more, and Profee will send 10 EUR to your account as well as a reward to the new client. Remit smart with Profee.
Money management app for group bills: Splitwise
Key features:
- A free version you can upgrade for €2.99/month;
- Split bills equally or unequally by percentages, shares, or exact amounts;
- Add multiple payers on a single expense;
- Expense categorisation;
- Calculate group total;
- Export to CVS;
- 100+ currencies;
- Simplify debts into simple repayment plans and more.
Splitwise is one of the best budgeting apps for shared experiences. Split the costs and keep track of balances with your housemates, friends, family, and other groups. When on a money-saving journey, you can still enjoy going out and taking trips with friends and family—you just need to stay conscious of your expenses. Splitwise is a perfect personal finance app for organising and tracking group expenses stress-free. Have trips on a budget with our blog post about how to save money on travel.
Final thoughts on the best personal finance software
Taking control of your finances starts with an overview of how you’re currently doing. That’s when it’s worth checking out the free budgeting apps we’ve reviewed today. However, it’s essential to remember that while apps can add structure and understanding of your financial situation and highlight your areas of improvement, they can’t make decisions for you. So, it’s crucial to find extra sources of motivation when trying to figure out how to save money.
Choose realistic, sustainable practices to stay on track with your financial journey. Support your loved ones while cutting expenses with Profee money transfers. It’s a fast, easy, and secure way to stay connected to friends and family no matter where they are.
