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5 Budgeting Apps to Try

Posted On: May 17th, 2019

When it comes to financial apps, there are so many great ones out there that it’s no surprise this is my third blog post about them!  If you want to read about the other apps I have previously highlighted, you can check them out here and here. Each one of the apps I write about I download and test out. If it isn’t worth it, I don’t write about it. Digit, one of the apps I previously wrote about, is awesome. I have had it automatically saving money for me and have saved a little over $1,000 in the past year. The best part is, I didn’t change any of my spending habits. That is just one example of how financial apps can be beneficial. The nice thing is technology is always changing, so if there isn’t one specific app that meets your needs this second, I am willing to bet that one will soon be developed that fits your needs perfectly. Until then, have a look at some of the cool apps below.

1.       You need a budget (YNAB): YNAB is a budgeting app that teaches you how to prioritize and make a plan for your money. Traditional budgeting apps send you a snapshot at the end of the month showing what you have spent. YNAB has you assign every dollar a place before you spend any of it. You can try YNAB free for 30 days; then it is $84 a year.

2.       Clarity Money: A lot of people have subscriptions they pay for and either don’t use or forget they have them. This app helps find those subscriptions and cancels them. It also has a budgeting feature so you can organize and plan for your monthly payments. Best of all, it is free.

3.       Every dollar: This one is similar to YNAB. It is a budgeting app that wants the user to assign every dollar a place. The difference is you manually input everything; it doesn’t automatically connect to your bank like some apps. The basic version is free, but you can upgrade to the Plus version for $129.99 a year. If you upgrade you can then link your bank accounts and get access to the Financial Peace University class from Dave Ramsey.

4.       Pocket Guard: Pocket Guard is another budgeting app that allows you to link all of your accounts to see everything in one place. What is cool about this app is that it will automatically categorize your transactions and build a personalized budget based on your income, bills and goals. The app also finds ways to save you money, and it’s free.

5.       Trim: Trim is similar to Clarity Money in that it finds recurring subscriptions and cancels them, but it also will negotiate your cable/internet bill and find you better and cheaper options for things such as car insurance. You can also automate your savings through Trim. While the app is free, some features require additional purchase.

As you can see there are a lot of different options out there. I could easily write several more blogs on the subject of financial apps. Have you used any of these apps? If so, what did you think? Send your thoughts to me at Val@rivervalleycu.org. For more savings tips make sure to visit my blog.