By Maryalene LaPonsie, Contributor Aug. 5, 2019 By Maryalene LaPonsie, Contributor Aug. 5, 2019, at 9:56 a.m. Pros: Good customer support, good smartphone apps. Cons: Budgeting tools and some reports are $5 per month extra. Moneywiz is a well-rounded app designed for Mac, iPhone, and iPad. My Budget Free is the free version of the highly successful and top ranked My Budget app. My Budget is an easy solution to balance your accounts, track your expenditure, and manage your money and more. You can find the best budget software apps for 2020 to manage your personal finances. Some focus more on personal budgeting while others focus more on investments. Choose between those that are web based budget apps with monthly subscriptions to free budget apps to desktop budget apps. Start budgeting to save money.
Taking control of your personal budget
MoneyWell is a personal finance package built around the concept of envelope budgeting. It's designed to keep you from overspending by using proactive budgeting techniques. It also helps you direct your extra money to debt reduction and savings so you end up with a nice cash buffer for emergencies and a more stress-free life.
Spend only what you have in your buckets.
Too many other financial tools rely on end of the month budget reports to keep your spending in line, but by that time it's too late to fix anything. We call this regret-based budgeting, where you print reports and then regret not sticking to your plan. It's a broken system that most people can't use. With MoneyWell, there's one simple rule: Spend only what you have in your buckets.
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Three Simple Steps to Financial Freedom
It's easy to reduce debt and increase savings with MoneyWell. By getting into the habit of only spending what you have in your buckets, you'll find yourself less stressed about money.
Each pay period, simply follow three simple steps:
- Assign deposits to your income buckets
- Fill expense buckets using income buckets
- Assign withdrawals to your expense buckets
Easily track all your accounts.
Multiple accounts across multiple banks? Not a problem! View everything in one place with a clean, native Mac app. MoneyWell supports importing all the standard formats as well as auto-downloads for those institutions that support Direct Connect.
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Envelope-based budgeting.
MoneyWell was designed from day one to do envelope budgeting—it isn’t just a feature we tacked on as a checklist item. At its core, MoneyWell is a budgeting system to help you eliminate debt and grow wealth.
Interactive reports
MoneyWell was designed to give you great financial feedback in every view, but when you need to share information with others, reports are a great tool. With our 2.0 release, you can create and save reports that have different content, totals, groupings, date ranges and watch the report change as you adjust these settings. Zoom in and review them in the main window or go old school and print a paper copy.
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Beautiful graphs
Graphs are available for nearly every list to give you the big picture. Headers above each list give summary information along with quick totals for selections. Every visual has been crafted to help you see exactly what you need right where you are.
Best-in-class currency support
No other finance app allows you to record a transaction in one currency, store it in an account register in a second currency, and assign it to a budget bucket in a third. Only MoneyWell gives you the flexibility to keep your budget in check no matter where you live or travel.
When you set the currency on your transaction, MoneyWell automatically looks up the exchange rate based on the currency of your selected account. If your bucket has a third currency, it does the same for that.
Since exchange rates are rarely perfect, MoneyWell also allows you to set the exact amounts for all three currencies and keeps those stored within each transaction.
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Iphone Mac Budget Software App
5 Family Budget Apps to Help Your Family Save Money
The following are some of the best family budget app for you to organize your family's budget and to ensure smart financial planning.
1. PocketGuard
With all of your financial accounts in one app, PocketGuard prevents you from the tendency of overspending.
Home Budget App Iphone
- By syncing all the bank accounts in one place, it will help you track your expense and thus empower you with the ability to make more informed financial decisions.
- The app will have 'read-only' access to your bank details, and thus you do not run any risk of fraudulent transactions.
- This app tracks all the recurring expenditures of yours from the phone and through internet connections and provides you with deals to increase your savings.
- Depending on your income and expenditures, your budgeting will be done by this family budget app and thus save your time and energy.
- Just spend 5 minutes in this app to lower your monthly recurring bills. Go to the 'Lower your bills' in the Overview section and get the detailed list of services where you can save by paying less.
- Get notified whenever there is an extra charge levied on you or there is a bill pending.
- From the dashboard, get a comparison of your monthly expenditure vis-à-vis your average expenditure.
- It only connects to the US and Canadian financial institutions.
- Compatible only with mobile (iPhone/iPad).
- Download this app from App Store and subscribe for $3.99 monthly, $34.99 annually.
2. YNAB (You Need A Budget)
The YNAB app is the lifesaver for you if you are looking towards making a meaningful sense of your financial structure.
- Sync all your bank accounts in one place and get a comprehensive view of your finances in this family budget app.
- Get a real-time view of your incomes and expenditures and know your most updated financial status.
- Share your budget and financial planning with your spouse and be informed about your family's finances.
- Set goals through this family budget app and track them.
- If you need support, you can reach out to their team of experts through email and live chat. Their free workshops are also very helpful.
- Its interactive reports and graphs make it very easy to understand.
- Works smoothly in windows, Android, and the iOS – giving you the flexibility you need.
- Download it from Google Play Store or Apple Store.
- It's free for 34 days post which you have to $5/ month or $50/month.
3. HomeBudget with Sync
One of the most simple, intuitive, and convenient family budget app with interactive dashboards.
- Track your regular expenditures including groceries, medical expenses, restaurant bills, etc.
- It is one of the best family budget app as you can sync it with the other devices in your family, helping all of you to be on the same platform and being posted about the overall family income and expenditure.
- Do a lot more with your monthly expenses-upload bills, credit-linked accounts directly from the app and find specific expenses using the search option.
- Track your income and link it to the income earner.
- Pay bills and keep track of the same. Use the calendar to set reminders of due bills.
- Organize your expenses under specific categories and sub-categories and know exactly where you are spending how much.
- Pie charts and bar charts give a synopsis of your expenses at one glance and if required export it by emails or WiFi.
- Compatible with Android, iPhone/iPad, Windows & MAC. You can sync data between desktop and mobile, but you need to make an individual purchase for each OS.
- Download the lite version from App Store, or Google Play Store and try it for free.
- Costs $4.99/month.
4. Spendless - Expense Tracker Budget & Money Manager
An interesting family budget app where you can manage your financial planning either single-handedly or with the support of your family members.
- Categorize expenses and set limits when extra indulgence is noticed in any specific category.
- Make budgeting fun, by adding personalized messages and tagging locations to expenses.
- Track your goals and know how far you are from it.
- Sync the app with the family members' phones and let your kid also play a vital role in the family finances.
- Work on it even when you are offline.
- You can have multiple wallets in one platform and track all inter-family transfers through these wallets.
- It is a beautifully designed app with interesting and colorful reports and charts.
- Supports Android and is available for free download from Google Play Store.
5. Goodbudget.
Formerly known as Easy Envelope Budget Aid, this is the best family budget app for couples who want to take be equally involved in the family's budgeting.
- Check your real-time expenses on the go.
- Set your savings goals, track your expenses and live within budget.
- Get your personal income and expenditure account on your mobile.
- Analyze the reports and control expenditures accordingly.
- Download reports in CSV format and have a better understanding of the same.
- Sync up to 5 mobiles and access historical data (up to 5 years).
- Download the app for free from App Store or Google Play Store.