Insights

3 Budgeting Apps to Reach your Financial Goals

Written by Workhub | Jul 13, 2023 4:00:00 AM

As entrepreneurs, workers, and human beings in these times we seek to invest and focus on many goals, whether personal or professional. This time we have 3 popular budgeting apps for you that may help you achieve your budgeting goals.

1. YNAB (You Need a Budget)

You Need A Budget is designed for individuals who enjoy worrying about small issues. With its zero-based budgeting approach, you are encouraged to allocate every dollar to a specified category (such as target savings or bill payments) to prevent overspending. For instance, you would need to set a goal and allocate funds for it each month if you wanted to save for a future trip. Since the software provides additional sophistication in managing and evaluating your money, there could also be a learning curve. You can use the 34-day trial to see if the monthly fee is worth adding extra expenses to your budget.

 

 

YNAB features:

  • External account linking
  • Budget sharing with up to five people
  • Automatic updates between mobile devices and computer
  • Savings goals
  • Loan payoff planner
  • Spending and net worth reports
  • Transaction splitting
  • Free live workshops

YNAB Pricing: For college students, YNAB offers one year free, and for other users, there is a 34-day free trial. It then costs $14.99 a month or $99 a year.

 

2. PocketGuard

Another tool that allows you to track your spending by category is called PocketGuard. Its purpose is to help you manage your expenses and focus on your savings goals. The tracking procedure is automated when you link the app to your accounts. To help you save money, the app monitors subscription services and highlights unnecessary expenses. Its useful features maximize your pocket money by suggesting less expensive services based on your profile preferences.

 

 

PocketGuard features:

  • External account linking
  • Account sharing with a partner
  • Billshark bill negotiation
  • Automated savings*
  • Bill payment tracker*
  • Debt pay-off planning*

*Premium subscription only

PocketGuard Pricing: The Basic account is free, but they also have a Premium account with a 14-day free trial. It then costs $17.99 a month or $79.99 a year.

3. Goodbudget

Creating a budget for the first time can be intimidating. The budget envelope technique, a tried-and-true financial tactic that pushes you to divide your money into several envelopes or categories, is how Goodbudget breaks it down.

You may use this strategy digitally using Goodbudget. Each month, you select envelopes from a list of predetermined goals and place funds into them.

Goodbudget’s aesthetically beautiful approach, pre-selected goals, and simple user interface make it a great tool for creating and sticking to spending plans. The main drawback is that each transaction must be entered manually because it is not linked to other accounts.

Goodbudget features:

  • Envelope-based budgeting system
  • Account sharing with multiple people
  • Savings goals
  • Debt pay-off tracking Goodbudget

Goodbudget Pricing: The Basic account is free, but they also have a Plus account without any time for trial. It costs $8 a month or $70 a year.

If you´re looking for a flexible office/warehouse space for your business Workhub is the ideal spot for you.

 

Contact

Charles Cartwright I Leasing Consultant

(832) 521-5404

leasing@workhubusa.com

www.workhubusa.com