12 Free Money Management Budget Apps (Start Saving Money)

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If you are anything like me, you probably have a hard time keeping track of your money.

I was constantly finding myself splurging on silly things that I didn’t really need, then when it came time to do something important (like, hmm…pay rent, maybe?) I would barely have enough.

Luckily, there are ton of free money management budget apps available to help people like me manage money.

Budget apps can help you keep track of your money as well as identify ways to save money.

A lot of budgeting apps are free, with bonus options available for a cost.

These apps are the perfect solution for college students needing to figure out how to save as much money as possible.

There are so many, in fact, that it can be a little overwhelming to figure out which one would be best to use.

Each one has different benefits and appeals to different people, so it is important to try a few out to see which one works best for you. 

You especially don’t want to put all of your information into the app, only to realize that it’s not the right fit for you and have to start all over on a different app.

We’ve done most of the hard work for you and researched some of the best budget apps for money management.

All of these apps are FREE, but some of them have upgrade plans available. 

Are you ready to learn about some free money management budget apps to start saving more money? 

Lets go!

1) Mint App

budgeting apps money management

Mint is by far the most popular and well-known budgeting app, as of 2019.

It is very easy to use, allowing you to link your credit and debit cards and track your spending with customizable budget plans.

Mint can categorize your spending, and you can also set up alerts to tell you when you go over budget.

They even offer a free credit score and a bill paying function that helps you avoid late or missed payments.

Links to bank accounts: Yes
Manually input transactions: Yes
Platforms: iOS, Android
What we love: Seamless, simple budgeting with categorical spending breakdowns and alerts when you go over your budget

2) Wally App

budgeting apps money management

Wally is a basic budget app that keeps track of your income, spending, left over funds, and even gives you alerts when bills are due. You can manually enter transactions in order to get a picture of your finances at any given moment.

Unlike many budget apps, Wally is able to support almost every type of currency in the world, not just the U.S. dollar.

This app is ideal for people who want just a budget app and none of the additional features that other apps offer, although you do have to manually enter all your transactions, which might be too tedious for some people.

Links to bank accounts: No
Manually input transactions: Yes
Platforms: iOS, Android
What we love: Available in almost every currency and straightforward budgeting for people who just want a budget app

3) Pocket Guard App

budgeting apps money management

PocketGuard is great at tracking your spending, savings, income, and also analyzes your bills to find ways for you to potentially save money.

You can compare your spending habits to your overall budget throughout the month.

It is very easy to set up and link to your bank accounts. As its name suggests, its goal is to guard you from unnecessary spending, so it’s not just a budget app!

Links to bank accounts: Yes
Manually input transactions: Yes
Platforms: iOS, Android
What we love: Guards against excessive spending and helps you identify areas where you could be saving money

4) Prism App

budgeting apps money management

Prism is dedicated to bills on top of budgeting; it lets you access and pay all of your bills from the app itself. You can link recurring bills and your bank accounts, and the app will send you a notification when a bill is due.

This is great for people who easily lose track of due dates for payments. It lets you see all of your bills in one spot. It doesn’t use a third-party payment processor, either, so it will pay the bill right away, without any delays.

Links to bank accounts: Yes
Manually input transactions: No (input recurring bills only)
Platforms: iOS, Android
What we love: One-stop shop for bill viewing and paying that also notifies you when a bill is due

5) Goodbudget App

Goodbudget uses the traditional envelope method of budgeting, where you break up expenses into different “envelopes,” or categories.

What makes Goodbudget special is that it’s great for couples looking to share and organize their finances together.

When you add a new transaction or income, you can categorize it by “envelope,” with up to 10 envelopes available for free and unlimited envelopes for purchase. Both parties can see their finances at any time.

Links to bank accounts: No
Manually input transactions: Yes
Platforms: iOS, Android, desktop
What we love: You can separate transactions into specific categories and share the account with your significant other, parent, or anyone else you’re sharing finances with

6) Albert App

budgeting apps money management

Albert is like a personal financial assistant that provides recommendations to help improve your finances.

It creates a budget for you after looking at your spending habits, and you can also automate your savings account to save money without even thinking about it.

If you upgrade to a paid plan, Albert will connect you with human experts that you can text for advice on specific topics.

Links to bank accounts: Yes
Manually input transactions: Yes
Platforms: iOS, Android
What we love: Automated savings and easy-to-understand recommendations to save money

7) Fudget App

budgeting apps money management

Fudget is a straightforward budgeting app for people who don’t want all the unnecessary extra features that might come with other budget apps.

While it’s great at helping you save for short-term or specific goals, Fudget also allows you to keep track of your income, spending, and savings.

It even lets you use different types of currencies, which is great if you’re not living in the U.S.

Links to bank accounts: No
Manually input transactions: Yes
Platforms: iOS, Android
What we love: It’s a simple and straightforward way to keep track of your spending and save for specific goals

8) Personal Capital

budgeting apps money management

While you may not be an investor right now, it is definitely something almost everyone—especially college students—should look into to start making passive income.

Personal Capital
helps you manage your investments easily and seamlessly while offering several budgeting features.

They offer free investment advice and allow you to easily view your fees and asset classes in order to make the most out of your investments.

Links to bank accounts: Yes
Manually input transactions: No
Platforms: iOS, Android
What we love: Perfect for organizing investments and optimizing your investment strategy so you can make the most bang for your buck.

9) BUDGT App

budgeting apps money management

Although it is currently only available on iOS, BUDGT is a great app for daily budgeting. 

The app gives you a real-time look at your finances and even gives you projections for the future. 

By using a daily view of your account, BUDGT helps you keep a tight grip on your finances and avoid overspending, which is great for students and people like me who tend to overestimate how much money is in the bank.

Links to bank accounts: No
Manually input transactions: Yes
Platforms: iOS
What we love: A day-to-day real-time view allows for much tighter control of your finances

10) Acorns App

budgeting apps money management

Do you have a loose change jar at home that you throw pennies and quarters into every once in a while?

 Well, Acorns is a savings app that does something similar.

It lets you link your debit or credit card, and every time you swipe that card, you automatically start earning money that goes into an investment fund. 

Acorns will round up on a transaction and invests the extra change to your fund to begin earning interest.

It’s important to note that the app is ONLY free for college students; otherwise, the app costs between $1-3 a month, depending on the type of account you create.

Links to bank accounts: Yes
Manually input transactions: No (n/a)
Platforms: iOS, Android
What we love: Easy, automatic savings app that can help you save more money

11. You Need a Budget (YNAB)

budgeting apps money management

YNAB is only free to students for 12 months, but this app has heavy-duty budgeting software you will appreciate. The app gives every dollar in your budget a job, forcing you to really understand the value of a dollar and helps you cut down on spending. 

The apps’ “budget inspector” allows you to see your cash flow and expected spending, while the “debt paydown” feature can help you reduce debt considerably.

Links to bank accounts: Yes
Manually input transactions: Yes
Platforms: iOS, Android
What we love: Its sophisticated budgeting software helps you cut down on overspending significantly

12) Clarity Money App

budgeting apps money management

In the age of Netflix, Hulu, soon to be Disney+, and countless other entertainment platforms, it can be very easy to lose track of all your subscriptions.

Clarity Money lets you see all your subscriptions in one location and also lets you unsubscribe from unwanted programs easily. It even helps you organize monthly expenses and track changes over time.

Links to bank accounts: Yes
Manually input transactions: No
Platforms: iOS, Android
What we love: A simple way to keep track of all your subscriptions, as well as unsubscribe if you decide you no longer want to use a platform’s services

Conclusion

Hopefully this post helps you choose the best free money management budget apps to help you save money. 

Everyone has different needs – make sure the app you choose truly aligns with your financial goals.

Otherwise, check out the other apps I’ve listed. If you’re not already, saving money is something you need to start working on RIGHT NOW.

You never know when you’ll be in a sticky situation that only money can fix, and taking out a loan isn’t exactly everyone’s favorite option.

So do your future-self a favor and start saving money today.

Have you tried any of these free money management budget app before? Or maybe you’ve tried one that’s not listed here? 

Let us know your experiences with money management/budgeting in the comments below!

Yours Truly,

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Yo! We are Marcos & Mayra

We help college students and millennials with ways to save & make money, eliminate debt, scholarship advice, resume & interview tips, and to achieve financial freedom to help you
 live the life you want.