With the new year upon us, you may be interested in creating a budget for yourself, or you may be looking for new tools to help manage your startup or small business’s budget. You may be looking to swap your current budgeting app for a better one, or you may be someone who has traditionally relied on spreadsheets. While spreadsheets are an easy way to manage and track your budget, it’s worth checking out a budgeting app to save some time and effort. We’ve compiled a list of two apps that we think are great budgeting tools for individuals and startups.
For individuals, a good budgeting app can help you save money by creating and sticking to a monthly budget. For startups and small businesses, a good budgeting app can help you understand your company’s financial health and make informed decisions. Whichever way you choose, the best budgeting app for you will depend on your personal or business needs, so we’ve included a variety of apps to help you find the one that’s right for you.
good budget
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Goodbudget is a great app if you are a beginner and just starting out with budgeting. It uses an envelope system, which is one of the original ways of managing money. Goodbudget helps ensure you’re never caught off guard by a bill or unexpected expense. Each month, you set aside money to buy needed items, such as groceries and gas. Once you have money set aside for necessities, you can choose how to use the remaining funds based on what is important to you.
The app is also a great option if you have a shared household, as it allows you to sync your budget with others. Goodbudget offers a free version and a paid version, which costs $8 per month. The free version includes everything you need to manage your budget, while the paid version gives you extra features like email support, unlimited envelopes, and the ability to use the service on five devices instead of two. One possible drawback is that you have to manually enter transactions into the app, since the app doesn’t connect to your bank account.
pocket guard
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If your main goal is to track your spending, PocketGuard may be the best app for you. PocketGuard shows you how much free money you have left after you’ve set aside enough money for bills, goals, and necessities. The app shows you a pie chart so you can visually see which expenses are taking up the most money. You can set spending limits in the app to ensure you don’t spend more than you earn.
PocketGuard connects your bank, credit cards, loans, and investments in one place to help you track account balances, net worth, and more. The app has a limited free version and a paid version that costs $8 per month and unlocks features like creating your own spending categories, setting up a debt repayment plan, attaching receipts, exporting transaction data, and more.
hanidou
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Honeydue is a great budgeting app if you want to plan and manage your finances with a partner. The app syncs to your and your partner’s bank accounts. Honeydue lets you manage your money together while tracking your spending and communicating about your bills. You can chat with your partner in the app and decide if one person will pay the bill, or if it should be split equally between the two.
The app also offers its own joint bank account. Honeydue is free to use, making it a good option for couples who don’t want to pay a monthly fee. One drawback is that there’s no desktop version of the app, so if you like managing your finances on a big screen, Honeydue may not be the best choice for you.
Empower
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If you want a budgeting and investing tool, Empower is a great app. The app lets you track all of your accounts in one place, including your bank and credit cards, IRAs, 401(k)s, mortgages, and loans. You can plan for retirement, monitor your investments, and uncover hidden fees. Empower has a money tracking dashboard that allows you to track your spending based on categories.
This service is free to use and is designed to help you manage your day-to-day finances while helping you plan for the future. However, if your main goal is budget spending, Empower may not be your best choice. You’re better off choosing other apps on this list, as Empower’s budgeting tools aren’t as advanced as some other apps.
new book
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FreshBooks is a simple tool that helps startups and small businesses create a budget and stick to it. The service connects to your bank account or credit card to track your spending. FreshBooks has tools for invoicing, time tracking, bookkeeping, payments, and more. It lets you take photos of receipts, forward email receipts to your account, and wire expenses from your bank account.
The service provides tools for businesses at all stages, from freelancers to businesses with multiple employees. FreshBooks lets your team, clients, and contractors collaborate and share files and updates in one place. It also integrates with over 100 apps, including Dropbox, HubSpot, GSuite, Stripe, and more. FreshBooks has four pricing tiers, with business pricing starting at $30 per month.
fast book
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QuickBooks is a simple service that helps you get a complete picture of your business’s financial health by tracking your business expenses, income, profitability, taxes, and more. This service not only helps you create a budget but also manages accounting tasks related to your startup or business. You can see profits at a glance, pay your team, manage your funds, accept payments, and track and manage your time.
The service features an easy-to-navigate dashboard that allows you to easily understand the financial health of your business. QuickBooks also offers tax reporting features that allow you to consult with experts to help you prepare for tax time. QuickBooks has three pricing tiers, starting at $30 per month.
Stone
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If you want an affordable, simple yet effective budgeting tool, Toshl might be for you. Although Toshl is marketed as a personal budgeting app, Toshl can be a great tool for startups looking to understand and manage their finances at a fraction of the cost of budgeting apps for small businesses.
Toshl has an intuitive, user-friendly experience that lets you create a budget and track your spending. If you want to budget for specific projects, you can set your budget to only track spending in specific categories, tags, or financial accounts. Budgets can be set monthly, weekly, daily, or a custom time period of your choice. There are free and paid versions of the service, which cost $4.99 per month.
G
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Xero is a great budgeting and financial tool for businesses and startups that are ready to grow. The service’s budget manager worksheet lets you establish an overall budget for each tracking category. There are other tools that allow you to view short-term cash flow and business snapshots.
You can use Xero to send invoices and quotes, pay bills, track projects, manage expenses, accept payments, and more. Xero is designed to help small businesses make decisions using trend analysis and simple reporting. In addition to financial features, Xero also includes features that aid in inventory and project management. The service is available in three paid tiers, starting at $15 per month.
