Five Budgeting Apps to Keep on Top of Your Finances

Five Budgeting Apps to Keep on Top of Your Finances

Managing your finances the right way sounds simple in theory but the reality is far from it.

With more people these days having multiple bank accounts, savings accounts, debts, credit cards, subscriptions and of course bills on top of it all - it can quickly get out of hand. Before you know it, you’ve forgotten that a payment is due or you’ve hit your overdraft unexpectedly.

We’ve all been there at some point.

This makes managing a monthly budget a bit tricky. Luckily there are plenty of modern solutions available for you to finally take control of all your finances, help to manage your budget and also keep on top of your spending. No dull spreadsheets here, we’ve got five highly-rated, user-friendly mobile apps to tell you about.

Each one is like having your very own personal financial manager, right there in your pocket. Best of all - they’re either free or extremely affordable.

Money Dashboard App

Cost: Free

Available on: Android, iOS

Who is it for: Those with multiple bank accounts who want to set various monthly budgets.

Money Dashboard App

If you have multiple bank accounts, credit cards and savings in different accounts, it can be hard to keep track of it all.

If you want a clean and clear overview of all your finances in one place, rather than logging into every different account - then Money Dashboard is for you.

Money Dashboard gives you a slick and easy to understand overview of all your finances. That way you can see exactly where you are with your current account, savings and budget.

You can use their budget planner feature to set limits on your spending on different things. For example, you could limit yourself to £200 a month for grocery shopping.

If you set a budget for Groceries, you can set Money Dashboard to automatically add transactions tagged under “groceries” or “shopping” to it. This will add up everything you’ve spent in the month and give you a neat little graphic that shows how far into the budget you are currently (or how much you’ve overspent).

Money Dashboard App

Mint App

Cost: Free

Available on: Android, iOS

Who is it for: Those who want a reliable app to manage multiple budgets.

Mint App

While originally developed for the US market, Mint is available to UK users who wish to use it too. It’s one of the most well-known names in the budgeting apps market and for good reason. It’s developed by the same team behind bookkeeping software Quickbooks.

Mint has plenty of features to help you track and manage your finances wherever they’re located. One of its most useful features is the budgeting aspect. Mint will automatically categorise transactions and tracks them alongside a budget you set. When you overspend, you get an alert to say you’ve spent too much on one thing, like takeaways, for example.

While this can lead to a bit of post-spending guilt, it may also help you realise how much you’re spending on unnecessary purchases. That way, you can make better choices in the future to save money.

Mint App

Emma App

Cost: Free with the option to upgrade to subscription service Emma Pro

Available on: Android, iOS

Who is it for: Those who want a simple way to access finances and track spending.

Emma App

Emma is an app that provides a simple, quick glance at your finances and budgets to make sure you’re not heading towards overdrafts or overspending on your budget. Emma even helps you cancel subscriptions you don’t need anymore and also track debt.

You can set multiple budgets and track spending according to each one. It also allows you to track bank fees, overdraft fees and more.

Get handy notifications when your direct debits are paid, you receive your salary or you get a refund on something. That way you won’t ever forget to check your bank - you’ll get that information directly on your phone to remind you.

Like other apps on this list, it gives you the ability to see all your finances in one easy place so that you don’t have to switch between lots of other apps.

Emma App

Bean App

Cost: Free

Available on: Android, iOS

Who is it for: Those who want better deals but don’t have the time to search for them.

Bean App

Too busy to shop around for the best deals? By following the advice from personal finance experts, there are a wealth of savings to be made if only you shop around a bit. Shopping around for the best deal can really make your budget stretch. However, we know it can be time-consuming to do. That’s where Bean comes in.

Bean is always in the background, looking for opportunities for you to save money on everyday bills. Bean will automatically flag up better deals on your household bills so you don’t have to hunt for them yourself. This helps you stick to a tighter budget.

The app also allows you to track your payments across various accounts and cancel any unwanted, wasteful subscriptions to save money.

Bean App

Moneyhub App

Cost: £0.99 a month or £9.99 for a year

Available on: Android, iOS

Who is it for: Those who want to keep tight control over their spending and receive real-time notifications and reminders.

Moneyhub App

Moneyhub is another handy tool that allows you to see all your money in one place to better understand your cash flow and manage your finances.

The app has a useful Spending Analysis tool that shows you exactly where your money is going. Alongside this, there are Spending Goals to track your progress to ensure you’re sticking to your monthly budgets.

They even have something called ‘Nudges’ which are little reminders to help you remember to make payments on time. These notifications will also give you tips on how to spend your money better, plus details on better deals for bank cards, savings accounts and mortgages.

Moneyhub App

Start budgeting with your new app

A good budgeting app should be in the pocket of any modern money-savvy person.

The above apps are all easy to use and are either free or pretty cheap to purchase so there’s little to lose in trying some out.

We’d recommend doing your research and choosing the one that you enjoy using the most. A common issue when using apps like these is that you might forget to check them. If that’s the case, perhaps apps with push notifications can help, for example, Emma and Moneyhub.

Getting into the habit of using a money management app can help you turn your finances around, with all the ease and convenience that a modern app promises.

Costs are accurate at the time of publishing.