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Learn how to use some free and easy apps to keep control of your budget.

Keeping track of your money and balancing your budget are skills we can all get better at, and there are many resources to help. Here are three apps that are great for managing your budget.

#1 Mint

Mint is an established budgeting software and app that is user-friendly. This app requires the user to input all of their financial information including accounts, investments, loans, credit cards, etc., but once all of that is in, the app starts tracking the user’s finances. The more financial information given, the more accurate Mint’s tracking will be. An advantage of Mint is that it will track a user’s spending history based on the data given. Reminders for things like bill payments as well as budgeting graphs and snapshots of entire financial overviews make this app inclusive and accessible.

#2 Wally

Wally is an excellent app for setting budget goals as well as tracking things spending based on location and who the user is with. It also allows the user to take pictures of receipts when inputting spending. Giving this information in a searchable form on the app lets the user see the whole picture of where money is being spent and to understand how people and situations can affect spending.

#3 Fudget

Fudget is an app aimed more at the user who already has a good grasp of their budget but is looking for a better way to stay organized. It is much simpler than the previous two apps mentioned in this topic. Fudget does not require the user to input account information or other financial data, but is great for recording spending and executing short-term budgeting for things like holiday shopping.

Staying on top of your finances can now be done in the palm of your hand. Using tools like these apps to help you plan and stick to your budget can help take some of the money-related stress out of your life. These three apps demonstrate the variety of resources out there to help you at whatever level is best for you.

Article for this topic by Andi Dolinksy-Webb.
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Key Points:

  • Keeping track of your money and balancing your budget are skills we can all get better at.
  • Many apps these days are helpful for budgeting.
  • Mint is an app that tracks the user’s finances.
  • Wally is an app that helps the user set budgeting goals.
  • Fudget helps the user do short-term budgeting and is great for holiday spending.
  • Using apps to help you plan and stick to your budget can help take money-related stress out of your life.

Quote This:

Any sensible family has a budget that lays out how much will be spent for household and other purposes. Without such planning, things would quickly go awry. -Walker Ulbricht

Talk About It
  1. What is your initial reaction to this topic? What jumped out at you?
  2. From A to F, How would you rate your budgeting/money management skills? Why do you rate yourself this way?
  3. Have you ever used a budgeting app or software? If so, what has your experience been like?
  4. What are some of the advantages or disadvantages of having instant access to your budget throughout your day?
  5. Write a personal action step based on this conversation.
This topic is adapted from the Tasia Custode YouTube channel.