What Is the Best Free Budget App?

Irene Olsen

Managing personal finances can be a challenging task, especially when you have to keep track of various expenses and bills. That’s where budgeting apps come in handy.

They enable you to monitor your spending, set financial goals, and even save money. The best part is that some of these apps are available for free. In this article, we’ll explore some of the best free budgeting apps that you can use to manage your finances.


One of the most popular budgeting apps is Mint. It’s a comprehensive app that enables you to link all your financial accounts in one place.

This includes your bank accounts, credit cards, loans, and investments. Mint automatically categorizes your transactions, so you can see where your money is going each month.


  • Automatically tracks expenses
  • Allows customization for budget categories
  • Sends alerts for unusual spending patterns


  • Cannot create manual transactions
  • User interface can be overwhelming at first


PocketGuard is an app that helps you monitor your spending, set goals, and save money. It provides an overview of all your finances in one place so that you can see how much money you have left after bills and expenses are deducted.


  • Sends alerts when bills are due or when funds are low
  • Categorizes transactions automatically
  • Provides personalized tips on how to save money based on spending habits
  • Cons:

  • The free version offers limited features compared to the paid version
  • The app may not support all banks or financial institutions


Goodbudget is a budgeting app that uses the envelope system. The app enables you to create virtual envelopes for different categories such as groceries, entertainment, and bills. You can add or remove money from each envelope depending on your spending habits.


  • Easy to set up and use
  • Encourages saving money by separating funds into virtual envelopes
  • Cons:

  • The free version only allows for 10 virtual envelopes
  • Manually entering transactions can be tedious

Personal Capital

Personal Capital is a financial planning app that offers budgeting tools, investment management, and retirement planning. The app provides a comprehensive view of your finances and tracks all your accounts in one place.


  • Automatically tracks expenses
  • Categorizes transactions automatically
  • Provides investment tracking tools
  • Cons:

  • The app is more geared towards long-term financial planning rather than day-to-day budgeting
  • The free version does not offer as many features as the paid version


In conclusion, there are many free budgeting apps available that can help you manage your finances. Each of these apps has its own unique features and benefits.

It’s important to choose an app that fits your specific needs and financial goals. Whether you prefer automatic tracking or manual entry, there’s an app out there that can help you stay on top of your finances.