![]() To paint a fuller picture: the most downloaded budget app on the app store is “ Money Manger Expense & Budget” with over 10,000,000 downloads… thus it would be easy to mistake the #1 app for this app which shares the first two words. This is a great example of why it always a good idea to be highly critical of all apps despite their popularity. Thus, I am intentionally not providing a link below. Despite the name ‘ Money Manager’ being generic, I am still suspicious given that the app was developed in Russia. This curiously named app is one of the most installed budget apps on Google’s Android App Store. Major Con: Although the web and desktop experience are one of the best in the industry, the app is limited in doing anything outside of specific budgeting tasks… if you rely on this app you will have to use a desktop or browser or some point to tidy things up or complete complex entries. Major Pro: Data is stored in the cloud and makes budgeting easy across all platforms without sacrificing data privacy. The simplicity of using the app hasn’t changed since YNAB was formed over a decade ago, however, this may be a con for some folks since some features available elsewhere haven’t made it into production at YNAB. On a personal note, as mentioned at the intro, I personally use YNAB and cannot recommend it highly enough. YNAB has won numerous awards for its older desktop application and cloud experience. Since those early years it has stayed true to its core mission and focused on user experience. YNAB is budgeting tool that grew from a set of 4 core principles geared toward getting people out of debt. ![]() This app is newer than most of the others so time will tell if it can be improved. Major Con: Incredibly expensive considering only a middling reviews of the app. Major Pro: If you are a believer in the Dave Ramsey way of budgeting money then this app will help you do it in a manner that is philosophically consistent… and you can do it on a Desktop or on a Mobile Device. Price: Free Limited Version or $129 Per Year ![]() Allowing you to budget both at home and on your mobile device, this app was intended to help you do what its name implies: assign a purpose for every dollar prior to spending it. This app, widely advertised by Dave Ramsey himself on his famous personal finance show, was developed by none other than Ramsey Solutions. Major Con: There is no desktop or web interface to access the same data using the cloud. Major Pro: Your data stays private and can be backed up externally for storage outside of the app. In contrast to other apps, this one will cost $ and thus at time of writing you can be reasonably sure the data you put into the app is not being used for other purposes intentionally. One of the most striking things you will notice when using this app is how aesthetically pleasing it is despite the significant amounts of data it is able to cram on the screen. Money Manager Expense & Budgetīilled as the most popular budget app on Google Play, Money Manager touts its ability to analyze spending statistics and make backups of data using Excel in addition to advanced budgeting features. Price: Free (Data Collection) They use your information to create ‘offers,’ but the unknown consequences of other uses of your data may be undesirable. With over 10,000,000 downloads on the Google Play, this app is the 2nd most downloaded for budgeting. If you are okay with the terms of service and how they will use your data, this app appears to be a solid choice from a functional point of view. One thing to keep in mind is that the service / app does appear to be free… usually this means that they will be collecting and selling your data. The company advertises that they are trying to give their customers a single resource for all their financial needs. Mint is now owned by intuit, the same company that owns both TurboTax and QuickBooks. If you are not familiar with Mint, it is a company that tries to tie together your budget, personal account information and your credit report information into one spot. This app is the product of the famous website of the same name. The links provided are directly from the app stores themselves. **NOTE: I receive no compensation for recommending any of these apps (I wish it were otherwise though ). Without it I am not sure I would have been successful! I personally attribute the ability to get out of debt and eventually retire at the ripe of 34 to using the YNAB (You Need a Budget) PC Application (and now Android App). I have added a quick rundown of important facts about each app like the price, star rating and the biggest pro and con for each app.īudgeting Apps can be a powerful tool when it comes to getting a grip on your finances. Below are the top Budgeting Apps for Android currently available at Google Play based on popularity and ratings.
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