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7 budget apps to help manage your money

7 budget apps to help manage your money

If you usually run out of cash by the end of the month, then it is perhaps time to brush up your money management skills. Remembering the money you have spent and the money you are left with is easier said than done.

If you usually run out of cash by the end of the month, then it is perhaps time to brush up your money management skills.

Keeping a track of the money you have spent and the money you are left with is easier said than done.

So, here are some of the best smartphone apps that can help you manage your finances:

1. Mint


Price: Free

Runs on:  iOS, Android, Windows

This app helps users to manage their earnings and spending. It also syncs the user's bank account details.

Mint shows your cash inflows and outflows in real time. It is quite useful for people who make debit and credit card purchases.

The app also analyses your spending habits and sends you an alert when you are on low-budget.

2. Level Money


Price: Free

Runs on:  iOS, Android

This app allows you to log into you bank details in the same manner as Mint.

Once a user logs in, they can set their previous transactions as examples of repetitive expenses for the future.

It also gives the users a detailed "spendable" amount, after they have paid their essential monthly bills.

3. Mvelopes


Price: Free

Runs on:  iOS, Android

Mvelopes is extremely popular because it guides your finances for the long term. This app tracks every debit and credit transaction.

As the name suggests, it has an envelope system that allows the user to put a certain amount of cash every month.

You need to mention your every month income and the app will create a budget for you. And, you are good to go.

4. PocketGuard


Price: Free

Runs on:  iOS, Android

Pocketguard needs your bank details, and connects you to other apps such as Paypal with which you can make transactions.

This app needs you to sign up and create a login to record your transactions.

There is an "Overview" tab to show "safe-to-spend amount" for the days ahead. The "Insights" tab shows your spending habits, for example, if you spend more money on groceries or entertainment.

5. Wally


Price: Free

Runs on:  iOS, Android

Wally is extremely popular with people who don't like sharing bank details and manually manage their transactions.

You just enter your income amount, and the app calculates a daily budget for you.

With this app, users can also click a photo of the receipts in order to log transactions automatically.

6. HomeBudget


Price: Rs 330 on iOS (free for "lite" version); Rs 400 on Android

Runs on: iOS, Android

This fantastic app is famous for its clarity and easy navigation. It has different categories like Expenses, Bills, Income and Budget on its home page.

HomeBudget has an interesting search tab where you can find data from previous months.

7. Expensify


Price: Free

Runs on:  iOS, Android, Windows

Expensify runs both on the phone and the web.

It has a "SmartScan" feature that lets you take photos and tag receipts. You can add details for every expense like name, amount spent, merchant name, etc.

The user can also access reports based on his/her inflows and outflows.