With everything parents have on their plates, maintaining a monthly budget can be challenging. Here are some of the best family budgeting apps to help with this task.
Simple act tracking of expenses can increase your savings. The following are some of the best family budget app for you to organize your family's budget and to ensure smart financial planning.
1. PocketGuard
(Android, iPhone, iPad)
PocketGuard is a budgeting app that syncs with your bank and credit accounts to help you manage your finances. You can view all of your accounts in one place, and PocketGuard can automatically update your actual income and latest transactions.
As your transactions come in, PocketGuard assigns them categories to help organize your expenses -- though you can edit them in case you don't agree. The app then uses those categories to give you an overview of where your money is going, making it easy to see if you're overspending in any given category.
Price: Free with in-app purchases
Devices: iPhone, iPad and Android
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2. Mint: Personal Finance and Money
(Android, iPhone, iPad)
Mint is a budgeting app alternative that is completely free to use. This app will allow you to see where your money is going, set goals, and get access to reminders and alerts. It also supports linking your financial accounts within the app.
It's particularly a great pick for beginning savers and budgeters. With Mint, you can set up bill reminders and get alerts when you overspend beyond your set budget, get charged a late fee, or when an upcoming bill is almost due. This budget app also includes goal-setting tools so you can set financial goals and track your progress.
Price: Free
Devices: iPhone, iPad and Android
3. Goodbudget Budget Planner
(Android, iPhone, iPad)
GoodBudget is one of the popular family budget app for couples who want to take be equally involved in the family's budgeting. You can Check your real-time expenses on the go. This app allows you to set your savings goals, track your expenses and live within budget.
Users are allowed to download reports in CSV format which helps you to analyse the reports and control expenditures accordingly.
Price: Free with in-app purchases
Devices: iPhone, iPad and Android
4. FamZoo Family Finance
(Android, iPhone, iPad)
FamZoo is a budgeting app designed specifically for families. It's both a budgeting tool as well as an educational product that teaches kids about money. FamZoo is the perfect way to teach your kids the ins and outs of managing their own money. It also helps train their children to live within their means, save for the future, give generously, and learn how to achieve their financial goals. It’s packed with useful tools and is great fun for all the family.
Price: Free with in-app purchases
Devices: iPhone, iPad and Android
5. YNAB (You Need A Budget)
(Android, iPhone, iPad)
YNAB (You Need a Budget) is an alternative budgeting app worth considering. It helps you give every dollar a job, allows you to budget for future months, and provides education to help you budget and spend your money smarter. The company provides daily, free 20-minute educational workshops.
The You Need a Budget app has the same automation features as PocketGuard, but it also offers the option to manually add accounts and transactions. This gives you full control over how you manage your finances. However, YNAB does have a monthly fee, so PocketGuard's basic version may be a better choice if you don't need manual features.
Price: Free with in-app purchases
Devices: iPhone, iPad and Android
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