What Is the Best Free Budgeting App?

Tyler Yates

Managing finances can be overwhelming, but with the help of budgeting apps, keeping track of expenses and saving money has become easier than ever. However, with so many options available, it can be challenging to decide which app to choose. In this article, we will explore the best free budgeting apps available in the market.

1. Mint

One of the most popular budgeting apps is Mint. It is a comprehensive app that tracks all your accounts, including bank accounts, credit cards, and investments.

Mint also provides alerts for bills due and unusual transactions. Additionally, it creates personalized budgets based on your spending habits and helps you identify areas where you can cut back.


  • Automatically tracks spending
  • Bill reminders
  • Credit score monitoring
  • Customizable budgets
  • Investment tracking

2. PocketGuard

PocketGuard is another popular free budgeting app that allows you to track your expenses and save money by providing personalized savings tips. The app syncs with your bank accounts and credit cards to give you an overview of your finances in one place.

  • Categorizes expenses automatically
  • Savings goals tracker
  • Budget tracking
  • Credit score monitoring (paid version)
  • Savings recommendations based on spending habits

3. Goodbudget

Goodbudget is a budgeting app that follows the envelope system of budgeting. You allocate funds for specific categories like groceries, entertainment, or rent into virtual envelopes and track how much money you have left in each envelope. This app is perfect for those who prefer a hands-on approach to budgeting.

  • Virtual envelope system
  • Couples budgeting (paid version)
  • Savings goals tracker
  • Customizable budgets
  • Expense tracking

4. Personal Capital

Personal Capital is a budgeting app that also offers investment tracking and retirement planning services. It is an ideal app for those who want to track their net worth and investments along with their expenses.

  • Investment tracking
  • Retirement planner
  • Cash flow analysis tools
  • Detailed expense tracking by category
  • Net worth calculator

The Final Verdict:

In conclusion, choosing the best free budgeting app depends on your personal preferences and needs. If you prefer a comprehensive view of your finances, Mint or Personal Capital may be the right choice for you.

If you want personalized savings recommendations, PocketGuard is the way to go. And if you prefer a hands-on approach to budgeting, Goodbudget may be the perfect fit.

No matter which app you choose, remember that consistent use is key to achieving financial goals. So pick an app that suits your style and stick with it!