As we approach the new year, you may be interested in creating a budget for yourself or perhaps you are looking for a new tool to help manage your startup or small business budget. Maybe you’re looking to switch your current budgeting app to a better one, or maybe you’re someone who has traditionally relied on spreadsheets. Although spreadsheets can be a simple way to manage and track a budget, it may be worth checking out budget apps 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 a monthly budget and sticking to it. For startups and small businesses, a good budgeting app can help you understand your company’s financial situation and make informed decisions. Whichever method you take, the best budgeting app for you will depend on your individual or business needs, so we’ve included a variety of apps to help you find the one that works best for you.
Good budget
Good budget It’s a good app if you’re a beginner and just starting out with budgeting. It uses the envelope system, which is one of the original methods of money management. Goodbudget helps ensure you’re not surprised by a surprise bill or expense. Each month, you set aside money for things you need, like groceries and gas. Once you’ve set aside money for your essentials, you can then choose how to use the rest based on what’s important to you.
The app is also a great option if you have a joint household, as it allows you to sync your budget with someone else. Goodbudget offers a free version and a paid version that costs $8 per month. The free version includes everything you need to manage a budget, while the paid version gives you additional capabilities, such as email support, unlimited envelopes, and the ability to use the service on five devices versus just two. One potential downside is that you have to manually enter your transactions into the app, as the app doesn’t connect to your bank account.
Pocket Guard
If your main goal is to track your spending, Pocket Guard It may be the best app for you. PocketGuard shows you how much spending money you have after you’ve set aside enough for your bills, goals, and needs. The app shows you a pie chart so you can visualize which expenses are consuming the most money. You can set spending limits in the app to make sure you don’t spend beyond your means.
PocketGuard connects your banks, credit cards, loans, and investments in one place to help you track your account balances, net worth, and more. There’s a limited free version of the app and a paid version, which costs $8 per month and unlocks features like the ability to create your own spending categories, set a debt repayment plan, attach receipts, export transaction data and more.
Honey
Honey It is a good budgeting app if you want to plan and manage your money with your partner. The app syncs with your and your partner’s bank accounts. Honeydue lets you manage your finances together while tracking your expenses and communicating bills. You can chat with your partner in the app and decide whether one person will cover the bill, or whether both of you will split it equally.
The app also offers its own joint bank account. Honeydue is free to use, so it’s a good option for couples who don’t want to pay a monthly subscription. One downside is that there’s no desktop version of the app, so if you’re someone who likes to manage your money on a larger screen, Honeydue may not be the best option for you.
Enable
Enable It’s a good app if you want a budgeting and investing tool. The app lets you keep track of all your accounts, including your bank and credit cards, IRAs, 401(k), mortgages and loans in one place. You can plan for retirement, monitor your investments, and uncover hidden fees. Empower features a money tracking dashboard that allows you to track your expenses based on categories.
The service is free to use and is designed to help you manage your day-to-day finances while also helping you plan for the future. However, if your main goal is to budget your spending, Empower may not be the best option for you. You may be better off choosing a different app on this list because Empower’s budgeting tools aren’t as advanced as some of the others.
Fresh books
Fresh books It is a simple tool that can help startups and small businesses create and stick to a budget. 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 allows you to take photos of receipts, forward email receipts to your account, and import expenses from your bank account.
The service contains tools for businesses at all stages, from freelancers to companies with many employees. FreshBooks allows your team, clients, and contractors to collaborate and share files and updates in one place. It can also integrate with over 100 apps including Dropbox, HubSpot, GSuite, Stripe, and more. FreshBooks has four pricing tiers, with Business tiers starting at $30 per month.
QuickBooks
QuickBooks It is a simple service that helps you get a complete overview of your company’s finances by tracking your business expenses, income, profitability, taxes, and more. The service not only helps you budget but also helps you manage accounting tasks associated with your startup or business. You can see profit at a glance, pay your team, manage your money, accept payments, and track and manage your time.
The service features an easy-to-navigate dashboard that allows you to easily understand your company’s financial status. QuickBooks also offers tax preparation features and gives you the ability to consult experts to help you prepare for tax time. QuickBooks has three pricing tiers starting at $30 per month.
Tuchel
If you want a simple, affordable, yet effective budgeting tool, Tuchel It might be the right app for you. Although it’s marketed as a personal budgeting app, Toshl can be a good tool for new startups looking to understand and manage their finances at a fraction of the cost of budgeting apps marketed to small businesses.
Toshl features an intuitive, easy-to-use experience that allows you to create a budget and track expenses. If you want to budget for something specific, you can set the budget to only track expenses with specific categories, tags, or financial accounts. Budgets can be set monthly, weekly, daily, or for a custom period of your choice. The service has a free version and a paid version that costs $4.99 per month.
Zero
Zero It is a good budgeting and financing tool for businesses and startups ready for growth. The Service’s Budget Manager worksheet allows you to create a total budget for each of your tracking categories. There are also other tools that allow you to see short-term cash flow and business snapshots.
You can use Xero to send invoices, quotes, pay invoices, 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 includes features that help with inventory and project management. The service offers three paid tiers, starting at $15 per month.