Best Budget App of 2023

As we start the new year of 2023, it's a great time to take control of your finances and set yourself up for success. One tool that can be especially helpful in managing your personal finances is a mobile budget app. These apps allow you to track your spending, set financial goals, and make a plan to achieve them.

But with so many of those apps available on the market, it can be overwhelming to choose the best one for you. Here are some things to consider when looking for your own best mobile budget app in 2023:

Ease of use

The best budget app that will fit you is one that's easy to use and understand. It should have a user-friendly interface and clear instructions on how to track your spending and set the most important financial goals.

You don't want to get tired or bored of using it after a day or two.

Features

Look for a budget app that offers a variety of features to help you manage your finances. Here are some examples of features that can be handy:

• Expense tracking view, either on a calendar or list view;
• Tracking your bank accounts balance. Forecasting it is also great;
• Integrated with a budgeting strategy that you like;
• Financial goals tracking (also known as baby steps);
• Bank linking to your financial institution for an automated transaction synchronization;
• Ability to receive personalized transaction planning recommendations.

Integration with other financial tools

If you use other financial tools like a banking app or investment account, it can be helpful to find a budget app that integrates with them. This allows you to see all your financial information in one place and make more informed decisions. Look for one that offers Open Banking to link all your accounts altogether. This would also help to prevent missing transactions.

Security

When choosing a budget app, it's important to consider the app's security measures. Look for an app that uses encryption to protect your financial information and has a solid track record of keeping user data safe. Also make sure that the app has a PIN to prevent people from holding your phone to easily access your financial information.

Cost

Confirm whether the budget app you're considering has a one-time or recurring cost. Some apps may offer a free version with limited features, while others may require a subscription fee for access to all their features.

Usually when the app offers a subscription, it's mostly to cover up server and maintenance services. Meaning that if you lose your phone or break it, you'll be able to restart where you left of on your new phone.

Some top contenders for the best mobile budget app in 2023 include

• Miza - Easiest to use and the best for using the budget splitting strategy.
• Mint - Best free budget app with minimal features (but known for reselling their users data).
• YNAB (You Need a Budget) - Best for using the Sum-Zero budget strategy.
• Pocketguard - Best for using the envelope budgeting strategy.

All of these apps offer a range of features to help you manage your budget and reach your financial goals.

Ultimately, the best budget app for you will depend on your individual needs and financial situation. Take the time to research and compare different apps to find the one that best fits your needs. With the right budget app in hand, you'll be well on your way to achieving your financial goals in the new year.