![]() ![]() Beyond basic spending tracking, Simple allows you to set various “Goals” (essentially mini budgets for rent, groceries, utilities, etc) based on what you can afford and what you’d like to afford in the future (home renovations, a new TV) so you can plan out your future spending. This way, you see where your money is going, forcing you to think about how you’re spending it. It accurately categorizes all your debit card spending automatically and provides instant transaction alerts in the mobile app. The most effective budget is the one you stick with, and the integrated tools built into a Simple checking account make it easy to turn budgeting into a routine rather than a chore. Its mobile app is full-featured and easy to use, its occasional tip emails and help sections are far better than most other apps. ![]() After that’s done, it helps you stick to your plan by providing clear feedback on your budgets and compelling you to account for everything. Setup is easy, it syncs with your banks and credit cards (with a manual option if you prefer), does helpful math, shows month-to-month trends, and offers a better onboarding system than other apps. But YNAB is different because it walks you through the process, offering just enough coaching to make it easier without doing it for you. That’s why automated spending trackers, like Mint, aren’t sufficient on their own. Most financial experts and books steer people away from apps entirely, because manually making a budget exposes you to the reality of your money in a way that having it done for you cannot. ![]() Its guided setup helps you create an effective budget, and its user-friendly phone and Web apps help you stick to it better than anything else we tested. When readers choose to buy Wirecutter’s independently chosen editorial picks, Wirecutter and Ladders may earn affiliate commissions.Īfter researching nearly 50 budgeting apps, having eight people test six of them in their daily lives, speaking with three financial experts, and reading through a half-dozen personal finance books, You Need a Budget (YNAB) is the only budgeting app we’d spend our own money on. This post was done in partnership with Wirecutter.
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