We all know the struggle of getting midway through the month with seemingly not enough cash to get us to our next paycheque, but it doesn’t have to be this way! If you need help getting your personal finances in order and minimising spending, these new budgeting apps for 2019 are exactly what you need. While there are thousands of budgeting apps to choose from with new ones popping up almost daily, it can be difficult to weed out the ones that aren’t worth your time, but fortunately we’ve done all the work for you.
Owned by Intuit who also created Quickbooks and TurboTax, Mint is one of the oldest and most well-known budgeting apps. With a list of features which will help you track your spending and manage your money, Mint is by far the best overall budgeting app. Working in association with a large list of banks and credit institutions, Mint automatically categorises transactions from linked credit and debit cards and compares them to a budget which can be customised to your needs.
With PocketGuard, it’s all in the name. This nifty app helps to curb spending by linking all your financial accounts and comparing transactions to your budget throughout the month. Not only does PocketGuard track your monthly income, bills, expenses, and savings, but also identifies recurring bills and helps you find a better deal on your monthly service costs. With a feature to help you track each individual bill including your spending money for your favourite Bingo Cafe UK, you’ll easily find opportunities to save month-to-month.
You Need a Budget, commonly referred to as YNAB, has a massive following of die-hard fans who swear by its ability to organise your personal finances. So what differentiates YNAB from every other budgeting app available today? With YNAB, instead of relying on traditional budgeting models, you create an income-centric plan which gives every cent a job. Covering everything from debt repayments to monthly expenses, leaving no amount of money unaccounted for forces you think about every cent you spend.
While the functionality of Wally isn’t as incredible as some of the other apps on this list, there is one thing that the app does really well: budgeting. By tracking your income and expenses, Wally provides a snapshot of your remaining funds to assist you in the prevention of overspending. With support for virtually every foreign currency, this free app is incredibly popular with the younger generation and is available for both IOS and Android.
If you’re a fan of cash-style budgeting, you can’t go wrong with Mvelopes. The concept behind cash budgeting is that you place cash in envelopes earmarked for specific categories and once the envelope is empty, your budget for that category is expended for the month. This is a bit more difficult in an increasingly cashless society and this is where Mvelopes comes into play as the app makes it easy to follow a cash-style budget in a digital world.