Personal finance is a crucial monetary aspect that is often ignored. Many people find themselves in a clueless position at month-end trying to understand the expenditure heads. While this can be done manually, it's 2022 and there are tons of budgeting wallet apps that allow the users to keep track and often notify them about expenditure and over expenditure. In this article, let's take a look at 10 popular wallet apps for money management. With these apps you can keep the monthly budget and expenditure in check.

Top Personal Finance Apps to Manage Your Budget

Mint

The first on the list is Mint (https://mint.intuit.com/). This is a personal expense tracker for those who solely transact in cards. The special feature of mint is that users can connect their debit or credit cards on mint and it will automatically track the pattern of expenditure over time.

Based on the expenditure habit, the app will suggest different budget plans as well as give an overview of the credit rating and score of the user. Overall, this is a nifty little app that works in detail to control and regulate the expenditure habits of card users.

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Goodbudget

Goodbudget is different from most wallets in the sense that it actively doesn’t track the expense of the user. Rather it uses the envelope budgeting system. Here, the users will assign a certain budget to each expenditure head or envelope. The users will be notified once the envelope threshold is crossed. 

Unlike Mint, Goodbudget (https://goodbudget.com/) doesn’t require the user to connect their bank details. Users can simply determine how much they want to spend in a given month and plan accordingly. Goodbudget has a premium version along with the free one for both iOS and Android. The paid version supports unlimited accounts and devices along with enveloping heads.

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Mobills

Mobills is another personal finance tracker. Created by David Mosiah and Carlos Terceiro in 2013, Mobills works as a micro tracker compared to the envelope budget system. This allows users to get expense data for every single day, rather than on the month-end.

Users have the flexibility to add their expense cap or bank information. For every transaction, users can either manually input the amount or it will automatically calculate based on the bank credentials. With over 1.5 million downloads on the Playstore, Mobills (https://www.mobillsapp.com/team) is available in 7 different languages with possible expansion in the future.

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EveryDollar

Every dollar is a finance tracker that believes no penny should be unaccounted for. This smart wallet goes over and beyond to ensure that the users have a healthy credit life as well as the best expenditure for each of their dollars.

Users can set a pre limit to the expense amount for a certain month. The app notifies the users about the expenses and budget allocations. Users can connect their bank credentials to get a bigger spending picture in one frame. There is also the useful feature of bill dues. But perhaps the key selling point of EveryDollar is the investment planning which comes with the paid version of the app. This app is compatible with both Android and iOS platforms.

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Spendee

Tracking personal finances is one thing but what about tracking for the entire household? This is where Spendee comes in. This intuitive budgeting wallet allows for a shared profile that syncs the spending of the family or friends in a single place.

The other features of Spendee are as usual. Here users can connect their bank credentials or input their own expenditure daily. There is a smart budget option that will intelligently cap the expense depending on the use case. The free version simply lets users log and view the expenses. However, the paid version allows alerts and notifications on spending as well as smart sync. You can use this money management app on both iOS and Android Smartphones.

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Fudget

Fudget is all about minimalism. While almost all the other budgeting wallets in this list offer some quirky and innovative features, Fudget (https://www.fudget.com/) is as simple as things get. It’s a simple logbook-like interface that has no syncing or credential registration option. In this app users will have to manually input their expenses on a daily basis on a calculator-like interface which will give them a pie chart like an expense schedule at the end of the month.

This app is perfect for those who want minimalism in their budgeting without the fancy linking features. This wallet app can work on both iOS as well as Android devices.

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PocketGuard

PocketGuard (https://pocketguard.com/) is another financial budgeting app that is heavy on minimalism. But unlike Fudget, it incorporates a lot of the features which are actually useful and provide a hands-free budgeting experience for the users.

Users can link their bank credentials with the app. The app calculates the net expendable amount after all the utility and bill expenses. It even has features for savings and investment. The pro version of the app even has a debt pay-off planner which is perfect for people looking to up their credit score. However, the premium version of the app is a bit higher compared to similar competitors. The budgeting app is suitable for iOS as well as Android platforms.

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Personal Capital

Personal Capital (https://www.personalcapital.com/) is not a budgeting app; but it has a feature that allows users to track their daily expenses. The app primarily focuses on wealth management and investment. The app lets users devise the best possible strategies based on existing spendable capital.

It also suggests different smart investment options based on the strategy as well as return expectations. Think of this as an expense tracker but for a large and long-run scheme. This free app is definitely the best portfolio management app on both iOS and Android platforms.

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YNAB

YNAB is another excellent zero-based budgeting application. This allows users to assign expenditures beforehand. Many people make the mistake of spending as per choice rather than spending with a plan. YNAB allows users to plan ahead of the expense schedule for the entire month. This helps users to stay within their planned scope of expenditure and not go overboard.

YNAB (https://www.youneedabudget.com/) comes with a monthly subscription or a yearly package for the pro version. However, the company allows students to use the app for one whole year for free.

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Monefy

The last on the list is Monefy (https://monefy.me/). This is another simple and minimalistic budgeting app that focuses on the bare basics. Users only get to set their net salary and daily expenditure here based on categories and heads.

Users can track their expense habits through the useful pie chart which highlights the percentage and amount of spending on the particular category. The app can be downloaded for free from the Playstore as well as the Appstore. There is also a pro version of the app which offers some additional features.

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Final Words

So far, we have discussed 10 Money Apps for 2022. Personal budgeting is something that should be practiced by all. These personal expenditure manament applications can be a good stepping stone to build up a healthy and cautious expenditure habit which will only benefit the users in the long run.