Categories: Apps & Games

5 Best Budgeting Apps and Spending Trackers for iOS and Android

2. Honeyfi

Honeyfi is a relatively new and innovative app which is designed to cater to the needs of Gen Z couples, which includes Centennials and Millennial who have just need a simple budgeting tool to manage their joint-expenses and wealth. Couples are always direly in need of accurate wealth management tools, as statistics reveal that money troubles and misunderstandings are one of the major reasons of relationships breaking apart in the US.

Moreover, Honeyfi promotes an inclusive community of users, and its represents a gay couple on its homepage. Moreover, in 2018, Honeyfi has emerged as the most popular money managing app amongst the LGBT community.

honeyfi.com

Pros

Honeyfi provides one of the most basic and simplistic apps for beginners who need an efficient budgeting tool to facilitate their newly begun journey of accumulating and managing money.

Honeyfi has been manufactured for young couples who are about to begin money arrangements, and seek to make collective money management easier and efficient.

This allows allow the users to differentiate between the accounts that they want to reveal to their partners, and the accounts they wish to hide.

Honeyfi has a feature, Account Balances, which allows you to quickly examine your net-worth, along with breaking down your personal net-worth, through the “Just Mine” feature, along with that of your households.

You can easily break down your spending into various categories for different expenses.

Cons

Honeyfi does not come with a website.

You cannot access all debit cards, credit cards, and bank accounts through Honeyfi, and this is why most people find difficult to track their spending through this app.

3. Mint

This immersive personal finances management tool has been developed by Intuit, the successful manufacturers of some of the most popular finance apps. Such as Payroll, Turbo Tax and QuickBooks. The Mint app has been around for many years, and it is being used all over the world.

mint.com

Pros

Mint comes with both, a website, and apps for Android and iOS.

If you have a Type-A mindset about wealth management and like to divide your expenses amongst various spending categories, you will find both, the website and the app extremely useful.

Mint provides its users a regular assortment of suggestions for various services that help save up money, such as credit card offers and more.

Mint.com offers the Intuit MintLife blog allows you to access pools of advice about effective financial management and growing your wealth.

Cons

The website can often seem too complicated for beginners.

Mint often causes problems while dealing with duplicate accounts. This refers to couples who use one account with two logins, and removing these accounts causes all the accounts with those logins to be removed rather than the duplicative accounts of the individual.

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