Best Savings and Budget Apps for a Finance Healthy 2020

January 30, 2020 | Posted by: Ricky Publico | Gadget Protect

January 30, 2020


Budget Apps You Should Have on Your Phone Right Now

This article was originally published on February 2, 2018 and was updated on January 30, 2020.

Admit it: money management isn’t easy. Sometimes, no matter how hard you save money or maintain a budget, you still end up spending money after a few months. Whether it’s an emergency, a night out with friends, or a flash sale you can’t resist, the temptation to spend your hard-earned cash will always find ways to drain your wallet.

It’s frustrating, especially if you’re trying to achieve a personal financial goal. So if you’re having a hard time practicing discipline and perseverance, your smartphone could help you out. How? By downloading the following money management apps. Save up, maintain a budget, and make 2020 your best financial year with these thrifty budget apps.

Budget Apps You Need to Download

Banking Apps

Budget Apps - BDO banking app

Before you even download these budget apps, you should install your bank’s official banking app first. The first step to money management is knowing how much money you really have. Knowing how much you can save and spend gives you a holistic view of your finances. Installing them also allows you to perform banking transactions right from your phone.

GCash

Budget Apps - GCash

Whether you want to budget, save, or invest, get you a budget app that does it all. GCash[1] allows you to do all of that and more. You can deposit your money to your GCash wallet, open a digital GSave account with no maintaining balance, and start investing for as low as PHP 50. You can also do basic transactions like sending and receiving money, paying bills, etc.

Read more: GCash 101: A Handy Guide for New GCash App Users

PayMaya

Budget Apps - Paymaya app

If you’re looking for another mobile wallet, give the PayMaya app[2] a try. Aside from having the usual features finance apps have, PayMaya allows you to use a virtual card for all your online transactions. Now you don’t have to use your debit or credit card when you’re shopping online. Just use your PayMaya virtual card and you’re good to go.

Read more: How to Use Paymaya App: A Complete Guide for Newbies

Coins.PH

Budget Apps - Coins.ph app

Coins.PH[3] is also a mobile wallet app. But out of all the the budget apps on this list, this app allows you to buy and sell bitcoins and other cryptocurrency. So if you’re looking to try new investments this 2020, make sure to download the Coins.PH app right away. You can also do basic transactions in the app like sending money, paying bills, and even donate to charity.

Read more: Coins.ph App: A Quick Guide to Using the Mobile Payment Platform

PayPal

Budget Apps - PayPal app

Freelancers know how beneficial it is to have the PayPal app[4] on their phone. Apart from tracking incoming finances, it also allows users to send money without having to use a laptop or desktop computer. It also notifies users once they receive funds in their account. PayPal is definitely one of the most essential budget apps for freelancers and online entrepreneurs.

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Money Lover

Budget Apps - Money Lover app

Have you ever checked your bank account and wondered where all your money went? Stop living paycheck to paycheck and smarten up by tracking your transactions with Money Lover.[5] This free budget app can help you fix your spending habits to ensure that no peso goes to waste. It can also help you plan budgets, forecast future expenses, and manage your bills.

Read more: Simple Acronyms to Make Budgeting Simpler in 2020

You Need a Budget

Budget Apps - You Need a Budget app

You Need a Budget[6] is the perfect budget tracker app for individuals who really need to keep a budget. As its name implies, this free app helps users take control of their finances with features such as Bank Syncing, Debt Paydown, and Goal Tracking. It’s an all-in-one money management app designed to help you get out of debt and save more money.

Daily Expenses

Budget Apps - Daily Expenses 3 app

There’s no need to list down your everyday expenses once you download Daily Expenses.[7] Designed to organize your income and expenses, this application allows users to record their money movements by date and view them in weekly, monthly, or yearly reports. This simple budget app is perfect for busy individuals who wish to be smarter with money.

Home Budget

Budget Apps - Home Budget

Home Budget[8] is the ultimate #adulting app for your smartphone. Available in Android and iOS, the app is designed to help you track your expenses, bills, and account balances. It also allows financial analysis (in graphs and charts) to ensure that you’re not exceeding your monthly household budget. Definitely add Home Budget to your list of must-download budget apps.

Read more: Pay Bills Online with These Convenient E-Payment Services

Ipon: 52 Weeks Challenge

Budget Apps - Ipon 52-Week Challenge app

If you’ve always wanted to try the 52-Week Money Challenge, this application is perfect for you. Ipon: 52 Weeks Challenge[9] encourages users to set a financial goal and stick to its schedule. Apart from helping you track your savings through charts and progress records, it also notifies you when it’s time to save some cold hard cash.

Read more: Ipon Challenges to Help You Hit Your Financial Goals This Year

Splitwise

Budget Apps - Splitwise app

Dining out with family and friends can get tricky, especially when the bill arrives. Splitwise[10] solves that problem by allowing multiple individuals to track a certain expense. It ensures that every member of a group pays his or her dues equally (and on time!) through an easy-to-navigate interface. It’s the best way to share bills among roommates and travel buddies.

Final Thoughts

When it comes to money management, take advantage of these budget apps. A free app may be nothing to you now, but it can soon do wonders on your savings and spending habits. Pick the best budget app that is not only efficient but can also help you grow your money as well. It won’t be that hard to scour the best budget apps out there, just don’t be afraid to try.

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