Discover the best budgeting apps to manage your finances effectively and achieve your financial goals. Learn about top features, pros, and cons of each app.
What are the best apps for managing a personal budget? If you don’t know, today we’re going to talk about some of them. Having an app to manage our finances can make our lives even easier, especially to keep us from losing focus on what we will spend our hard-earned money on each month.
So, we’ve selected a few of them and some important tips for you who want to have total control over your finances. Knowing what these tools are is of great importance, especially for people who are looking to save some money, pay off debts, or buy an item. Continue reading and see which are all the accessible apps.
Moreover, are you facing various financial challenges and difficulties in managing your personal budget? A financial control app might be the necessary solution to transform this scenario.
Why use the best budget apps?
Do you still write everything down in a notebook? This is valid and often even efficient. However, with the advancement of technology, several new financial control options are accessible, offering different functionalities and the convenience of being able to do everything on your phone. These tools have the power to change your relationship with money, helping with financial reorganization, bringing you closer to your goals, and moving away from being in the red.
Best finance apps to improve your budget As mentioned at the beginning of the text, these are just app suggestions, without any connection to them and without receiving anything for this disclosure. It is believed that these apps can be useful and really help to get out of financial chaos. It should be noted that all mentioned apps are focused on security, with technical and administrative measures to protect personal data, according to the General Data Protection Law (LGPD).
If you’ve made it this far, it’s a sign of commitment and determination to change your financial reality. As a motto and commitment, leave in the comments: Financial disorganization never again!
YNAB – Best budgeting apps
There is no right or wrong way to do financial planning, but finding a method that suits your unique financial situation can make all the difference in helping you achieve your economic goals. YNAB, which stands for “You Need A Budget,” is an incredible tool that can help you reach your cash flow goals more efficiently, quickly, and, dare we say, with less pain and frustration. In this text review of YNAB, we will share our favorite benefits, as well as some points to consider before committing to this budgeting app.
What is YNAB?
While there are many budgeting programs available, none are like YNAB. It not only aims to help you track the inflows and outflows that make up your budget, but it also provides a complete framework for viewing spending and savings. After all, financial success is said to be 80% related to behavior and only 20% attributable to knowledge.
Best budgeting apps, YNAB originally started as a spreadsheet, which is not surprising when you look at the most current version of the software. Its clean interface identifies your budgeted, spent, and remaining amounts, or, in YNAB jargon, assigned values, activity, and available balances.
The transaction side of YNAB resembles an old check register, showing a list of transactions by account, date, payee, amount, category, and other additional notes.
How do you use YNAB?
A discussion about YNAB wouldn’t be complete without a brief discussion of its four rules. These are not just rules, but also the steps you must follow to complete a budget in YNAB.
First, rule number one: Give every dollar a job. After adding your financial accounts, the first thing you do in YNAB is assign all your currently available money to categories. This is referred to in this rule as the jobs you want your money to perform. Note that you are not strictly assigning your income, but every dollar you have in your bank accounts at the moment. This process is similar to zero-based budgeting but goes a step further by including all your available funds, not just your income.
Furthermore, rule number two: Embrace your true expenses. With the YNAB method, you will never be surprised by annual car registration fees, subscriptions, repairs, or even Christmas. Setting goals and saving monthly for these expenses means that the money will be there, both in your account and in your categories, when you need it.
Next, rule number four: Age your money. The three rules above focus more on the logistics of creating your budget in YNAB; however, this last one is more of a goal to be achieved than a step to be completed.
Aging your money is simply a way to describe getting out of the paycheck-to-paycheck cycle and creating an emergency fund. It’s that simple: the longer your money stays in your accounts without being spent, the older your money gets.
This is a tangible representation of your financial progress. Although it requires more hands-on engagement than other budgeting software programs, following the four rules helps maximize your intentionality regarding your finances and minimize your financial stress.
Conclusion
Now that you are familiar with the best apps for managing personal budgets, you are closer to achieving the financial stability you desire.
Using these modern tools can transform the way you handle your finances, providing control, organization, and security, especially in compliance with the General Data Protection Law (LGPD). These apps offer various features that make it easier to track expenses, set goals, and view your finances in a clear and accessible way.
Choosing a financial app is an important step for those who want to save money, pay off debts, or fulfill a dream purchase. Whether you are a beginner in financial control or someone with some experience, these apps are designed to meet different needs and lifestyles, providing a personalized and efficient experience.
Although there are many budgeting programs available, none are like YNAB. It not only aims to help you track the inflows and outflows that make up your budget, but also offers a complete framework to visualize spending and savings. After all, it is said that financial success is 80% behavior and only 20% knowledge.
YNAB started as a spreadsheet, which is not surprising when looking at the latest version of the software. Its clean interface identifies your budgeted amounts, expenses, and remaining balances, or, in YNAB jargon, assigned values, activity, and available balances. The transaction side of YNAB resembles an old check register, showing a list of transactions by account, date, payee, amount, category, and other additional notes.
