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3 Essential Budgeting Apps that work wonders for you

Are you stressed out by your expenses? Are you in the middle of a financial breakdown? Are you facing issues trying to save money? Well, you are not alone. Saving money can be tough and saving money when you have responsibilities can be tougher.

Whether you want to buy your dream house, car, trip, etc. all need is money to achieve it. Sometimes, it's the starting trouble you have when it comes to saving. The start you need in order to get your savings up and running. To bring up that financial stability in place.

In this fast-paced life, it has now become quite difficult to save money. With peer pressure all around, responsibilities, ambitions, and goals, saving money has become the least priority. This results in us living paycheck to paycheck. And by the month's end, salaried people start struggling.

In this technologically advanced world, why not use the power of technology to save money and cut down your financial stress? The savior at the tip of your fingertips: Mobile. Yes, mobile can be the savior to your goal to start saving. The thing you spend 5-6 hours per day scrolling through Instagram, Facebook, WhatsApp, and more. It is going to be easier if you start installing a money-saving app on your mobile. This lets you track your cash inflow and outflow. By this, you can track where your money is being wasted and saved.

There are thousands of money-saving apps if you search in your play store and app store. So, it's very important to choose the right one for you, the best one for you according to your needs. But, before we go any further, you need to create a budget for yourself. Creating a budget can be daunting and stressful. I would recommend you read the article on “Budgeting for your needs” to know more about budgeting

Now, let's look at the best 3 money-saving apps that can do wonders for you. You can read about each app and decide which one suits you. I have listed the apps in a sequential manner according to the general public's needs.

1. Mint Budget and track bills

Experience a fresh way to manage money with the Mint budgeting app. See your monthly bills, create budgets, grow savings, & build stronger financial habits. The app also studies your spending habits and offers you valuable tips on how to save more and where to cut down. They also allow us to sync our bank accounts and credit cards which makes tracking all the easier. It also gives you transaction statements, budgets, and bill reminders which keeps you on track of essentially everything.

It also connects to your tax information through TurboTax. They also have 256-bit encryption and multi-factor authentication to protect your info at all times. One of the drawbacks is that the app doesn’t offer a yearly budget for your planning for a good old vacation, car repairs, and so on.

2. Monzo

Monzo tracks your spending, sets a budget, and even splits bills with your friends. It also alerts the user and gives notifications on your spending while organizing it into several categories: from cash withdrawals to bill payments. The graphical interface of the app lets you visually see and analyze the data collected in real-time making your calculation all the easier.

The app notifies the user where his expenditure is high and notifies the user about bad spending habits. This in turn lets you decide what needs to be changed in order to start saving money on a periodic basis.

Monzo also lets you open a full UK bank account from your phone. for free. And presently, more than 6 million people have bank accounts with Monzo. They also offer online bank banking features such as full financial visibility, credit cards, interest on your money, transaction statements, and much more.

3. Acorns

If you are into investing and like to invest your spare money, then this app might be the right one for you. The tagline “save your spare change” is the app’s main selling point. It also lets you know about the offers and rewards you will be getting while shopping through various websites.

There is also a “simply spend” reward you automatically earn when you shop with a card linked with Acorns. You can also install the earn Chrome and iOS Safari browser extensions to earn rewards when you shop online.

Acorns Smart Deposit automatically invests a piece of your paycheck for you into your Acorns Invest, Later, or Early account. You have the freedom to choose how much to invest starting from 1% and change it anytime you want.


Even though you use these apps or not, it all boils down to your mindset. You need to resist that temptation to buy that expensive iPhone or that lavish lifestyle you want. You need to compromise on a lot of things to get your expenses low and bring down your budget.



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