At certain points in our life, we all feel like our expenses have gone haywire, our savings are zero and our financial health is heading towards a swift decline. Experts believe that all these problems occur only because we don’t make a habit of regularly using a budgeting tool to calculate our expenses.
Today, advanced technology has provided us with countless immersive budgeting apps that can help even the most clueless people how to improve their financial health and grow their wealth. Most of these apps listed below are inclusive of couples, gay couples and others from the LGBTQ community.
We’ve picked out five amazing and popular budgeting apps that have emerged as efficient financial management tools for both, individuals and couples.
Here, take a look:
1. You Need a Budget or YNAB
You Need a Budget or YNAB has rapidly emerged as one of the fastest growing community of users, and this is a powerful online community that offers a remarkable money management blog. For the meager monthly subscription fee of $6.99, it even offers free online classes that aid users in growing their wealth and managing their finances.
YNAB offers both, a website and apps for Android and iOS.
The app comes with a considerably wide list of preset spending categories that will help you manage all your expenses by simply adding in the transactions.
YNAB operates much like an envelope system that allows the user to give a “job” to every single dollar that has been earned, and this is considered the secret to making enough savings for an early retirement.
You need to pay a monthly subscription fee of $6.99 to use YNAB. However, most users believe that this meager amount was worth the knowledge they gained, and the improvements they made in their financial health. Moreover, students are given a one-year free subscription, and a 10% discount during the next year.