YNAB (You Need a Budget) is a popular budgeting tool, known for its effective method of managing finances. However, it comes with a price, and not everyone is willing to spend that much on a budgeting tool. The good news is that there are several YNAB alternative free available that offer similar features and benefits. In this blog post, we will take a look at some of the best free budgeting apps that you can consider.
Mint is a popular free budgeting app that offers an array of features to help users manage their finances better. It allows users to track their expenses, monitor investments, and set financial goals. Users can link their bank accounts, credit cards, and other financial accounts to Mint, and the app will sync all the data to provide accurate insights into your financial health. It also offers alerts for upcoming bills and notifications for unusual transactions.
Another free budgeting app that offers similar features to YNAB is PocketSmith. It allows users to track their expenses, plan their budgets, and project their finances into the future. PocketSmith can also be used to monitor investment portfolios and plan for retirement. One unique feature of PocketSmith is that it allows users to visualize their finances on a calendar, providing a better understanding of how their money is spent.
3. Personal Capital
Personal Capital is not just a budgeting app but a comprehensive financial management tool. It offers both free and paid plans, with the free plan providing several features that are similar to YNAB. It allows users to track their income, expenses, and net worth. The app also offers investment tracking, retirement planning, and personalized investment recommendations.
Goodbudget is a free budgeting app that follows the envelope budgeting system, similar to YNAB. Users can create multiple virtual envelopes for different spending categories and allocate a budget for each envelope. Any spending within the envelope is tracked, and users can see how much money they have left in each envelope. This helps users stay within their budget and avoid overspending.
EveryDollar is a budgeting app by Dave Ramsey, a popular financial advisor. The basic version of EveryDollar is free, and it offers budget planning and tracking features. Users can create budgets for different categories, track their expenses, and follow the zero-based budgeting method. EveryDollar also offers an upgrade to Plus, which provides additional features such as bank account syncing and investment tracking.
Managing your finances is important, and budgeting is a great way to start. While YNAB is a popular budgeting tool, it may not be viable for everyone to invest in it. The good news is that there are several free alternatives available that offer similar features and benefits. The five budgeting apps mentioned in this blog post are some of the best free YNAB alternatives available. So, choose the one that suits your needs and start budgeting today!