As we approach the new year, consider making a budget for yourself or searching for a fresh solution to assist in managing the finances of your small business or startup. You may be seeking a better budgeting app to replace the one you now use, or you’ve always used spreadsheets. To save time and effort, it might be worthwhile to look at budgeting apps, even if spreadsheets can be a straightforward tool for managing and tracking finances. We’ve put together two lists of apps for anyone looking for excellent budgeting solutions, both for people and startups.
By setting and adhering to a monthly budget, a decent budgeting tool can help consumers save money. With an excellent budgeting app, small and startup enterprises can make well-informed decisions by managing their finances. Ultimately, your personal or professional requirements will determine the optimal budgeting software for you. Therefore, we’ve compiled a selection of options to make it easy for you to select the one that suits your demands.
The best personal apps
Good Budget
(Image Source: Techcrunch.com)
If you’re new to budgeting and want to get started, Goodbudget is a great tool. It uses the envelope method, which dates back to the early days of money management. A reasonable budget ensures that no bill or unforeseen expense catches you off guard. You budget your money each month for necessities like groceries and gas. Considering your priorities, you can decide how to use the remaining funds once you have allocated funds for your necessities.
Because it allows you to synchronize your budget with another person, the app is also a perfect choice if you live in a shared household. A free version of Goodbudget and a subscription version costs $8 a month. Everything you need to manage your budget is included in the free version. Still, the subscription edition offers more features like email assistance, unlimited envelopes, and the opportunity to use the service on five devices instead of just two. The software doesn’t connect to your bank account. Thus, one potential drawback is that you must manually record your transactions.
Pocket Guard
Should keeping tabs on your expenses be your primary objective, PocketGuard may be the ideal tool. After you’ve saved enough for bills, ambitions, and requirements, PocketGuard allows you to see how much remaining money is available for spending. You can see which expenses are costing you the most money by looking at the pie chart that the app displays. To be sure you’re going within your budget, you can establish spending limitations in the app.
You can monitor your account balances, net worth, and more by centralizing your banks, credit cards, loans, and investments with PocketGuard. The software is free with limitations and a subscription edition that costs $8 a month to access features like creating custom spending categories, creating a debt payoff plan, attaching receipts, exporting transaction data, and more.
Honeydue
If you want to plan and manage your finances with your partner, Honeydue is a beautiful tool for budgeting. The app links your financial accounts and those of your partner. With Honeydue, you can track your spending and stay in touch with your bills while managing your money together. You may pick whether one of you will pay the bill or split it equally between the two of you by conversing with your spouse through the app.
The app provides a shared bank account of its own as well. Honeydue is a fantastic choice for couples who want to avoid paying a monthly subscription fee because it is free. One drawback of Honeydue is that it doesn’t have a desktop version. If you like to handle your finances on a larger screen, there might be better choices than Honeydue.
Xero
Xero is a sound financial and planning solution for companies and startups prepared for expansion. You can set an overall budget for each tracking category using the Budget Manager worksheet provided by the service. You can view business snapshots and short-term cash flow using other tools.
Xero may track projects, generate bids and invoices, pay bills, manage spending, receive payments, and more. Xero is made to assist small businesses in making decisions by providing straightforward reports and trend analysis. Xero can help with inventory, project management, and finance. The service has three paid tiers, with a monthly fee of $15.
(Information Source: Techcrunch.com)
