Happy Financial Literacy Month 😁 Join us as we navigate the world of budgets, savings, and investments, remember: financial mastery is within reach.

In this article, we’re sharing our favourite tools for managing budget. As you get older your financial responsibilities are likely expanding. Having financial goals and a detailed budget that accounts for living expenses, debt repayment, savings, and discretionary spending is key to achieving financial health. 

A realistic budget serves as a roadmap for your financial journey. The build and keep track of your budget, we recommend these apps:

1. Mint

Features: Mint is a comprehensive budgeting app that allows users to track spending, create budgets, and set financial goals. It automatically categorizes transactions and provides insights into your financial habits.
Pros: User-friendly interface, credit score tracking, and expense tracking.
Cons: Limited investment tracking.

2. YNAB (You Need A Budget)

Features: YNAB follows a zero-based budgeting approach, giving every dollar a specific job. It offers real-time budget tracking, goal setting, and educational resources to help users improve their financial literacy.
Pros: Emphasis on proactive budgeting, goal tracking, and educational content.
Cons: Subscription-based model.

3. PocketGuard

Features: PocketGuard helps users manage their money by tracking income, expenses, and savings goals. It provides a snapshot of your financial situation and suggests ways to save money.
Pros: Simplified budgeting, bill tracking, and personalized saving suggestions.
Cons: Some users may find the free version limiting.

4. Wismo

Features: Wismo (formerly known as Wisely) focuses on expense tracking and budget management. It categorizes expenses automatically and provides insights into spending patterns.
Pros: Simple and intuitive interface, automatic expense categorization.
Cons: Some users may miss advanced features available in other apps.

5. Spendee

Features: Spendee is a budgeting app that allows users to track expenses, set budget limits, and create shared wallets for group expenses. It provides colorful visualizations of spending.
Pros: Intuitive design, multiple currency support, and shared wallets for group budgeting.
Cons: Some users may find it less feature-rich compared to other apps.