10 Best Budget and Money Management Apps of 2020

Top 10 Money Management Apps That Make Financial Planning Easy

Saving and investing – these are two keywords that go through our minds but most of us don’t take seriously. Having some financial cushioning for the future not only improves your quality of life but lets you live stress-free. Keeping that in mind, we’re going to talk about some of the best apps which make managing your financial life easy.

10 Best Apps for Money Management

When was the last time you had a fight with your flatmate or spouse over finances? Tired of all those times? Then it’s time to buckle up and take budgeting seriously and into your own hands. Lucky for you, these apps will make it easy. Just try our list of the best budget management app options and we’re sure you’ll find something you like. And oh – did we mention that all the apps below work on both the Android and iOS? Some of them work on a desktop too which is a bonus. Now for the good part, here are the best ones out there.

1. Mint

Thought budget tracking was difficult? Mint makes it a breeze with its simple, clean, and intuitive user-friendly design. It’s also one of the best apps on Android and iOS for money management.

Key Features

  • It lets you keep tabs on your bank accounts, credit cards, and any investments you make
  • Gives you alerts, advice, and a big-picture financial overview
  • It also lets you categorize where finances go which makes it convenient to see how your partition your expenditure and savings


Mint has been rated an overall 4.5/5 in the Google Play Store.

2. YNAB (You Need A Budget)

YNAB is a simple and user-friendly app for beginners. It’s mostly geared towards modest households and teaches you how to manage your money the smart and efficient way.

Key Features

  • YNAB is an app that pulls your financial information directly from your bank accounts
  • You see your bank statements and know where exactly the money goes in and out
  • Your personal and financial information is encrypted well
  • There is also a manual entry option for those who don’t want the app to link with their bank accounts


It’s one of the top budgeting apps for users and has a high rating of 4/5 on Google Play.

3. Joy

Want to make financial planning and management fun? Try out, Joy.

Key Features

  • Joy lets you open a Joy savings account to transfer any remaining money you have after expenses
  • Users get to budget mindfully by rating their purchases as happy or sad, with sad purchases being less prioritized and encouraged to not invest in
  • The app directly links with your bank accounts
  • Credit cards and checking accounts can also be linked
  • Available on iOS for now,  but it’s coming soon on Android


It’s received positive reviews and a high rating of 4.5/5 on the iOS store.

4. Qapital

Qapital uses gamification techniques which makes managing your money not only fun but a breeze.

Key Features

  • “If This, Then That” lets users simulate spending and saving scenarios
  • Connects directly to bank accounts and transfers any change received from spending towards your financial goals
  • Makes money management fun as you don’t just save for rainy days but also for fun occasions
  • Has additional features like asking you questions and calculating estimated expenses for events like learning new skills, languages, or taking new courses


Qapital is free and has received great reviews on the iOS store with a high rating of 4.8/5.

5. Digit

Want to take a casual approach to saving money and investing? Try Digit, you’ll love it.

Key Features

  • Analyzes savings patterns and transfers any non-essential money lying in your account based on previous and upcoming spending data
  • Referral bonus if you get your friends to sign up and use the app
  • Users get a 1% annual bonus every 3 months if they continuously use Digit
  • Uses 256-bit encryption and the money is protected by insured banks
  • Unlimited withdrawals, zero balance accounts, and automated saving feature


For a rather casual savings and budgeting app, Digit stands tall with a rating of 4.5/5 at Google Play.

Apps For Money Management

6. Good Budget

If you like saving the old-school way, Good Budget is here to save the day.

Key Features

  • Lets you create virtual envelopes
  • Let’s you sync and share budgets on the Cloud
  • You get to plan ahead and save for fun occasions like vacations, buying a new car, and funding international trips


Good Budget has received a rating of 4.5/5 on Google Play by users because of its ease of use.

7. Venmo

Venmo is an app that lets you share and pay money to people with an existing Venmo account.

Key Features

  • Doesn’t charge you for transfers to recipients of the Venmo app
  • Can pay people using just your mobile number and email ID
  • Lets you find friends using Facebook and phone credentials
  • Uses state-of-the-art encryption to track account activity and keep your account secure
  • Works with various payment methods like bank accounts, debit and credit cards


Google Play rates Venmo a 4.9/5 because it’s simple, easy, and transparent plus intuitive enough to use.

8. Quicken

If you’re willing to pay a bit of money to get your personal robust finance manager and tracker – then Quicken is the answer.

Key Features

  • Lets you track savings, spendings, bills, and investments
  • Available on desktop, iOS, and Android
  • Lets you track trends in spending and more
  • Features passcode protection and lets you get an overview of spending by categories
  • Syncs data from Smartphones, tablets, and PCs automatically
  • Lets you input transactions manually if you’re not online


Quicken is one of the best budgeting apps that comes with premium features. Its rating is a 3/5 on the Google Play Store.

9. Walnut – Money Made Simple

Walnut is one of the top financial planning apps that lets you track your expenses and makes money management a cakewalk.

Key Features

  • Allows users to manage multiple bank accounts at once
  • Tracks daily expenses, savings, and features automatic bill payments
  • Lets you split spends and settle payments with friends
  • Allows users to receive bill reminders
  • Blocks any spam SMS


Walnut is touted as India’s No. 1 expense tracker app and has a rating of 4.5/5 on the Google Play store.

10. Acorns

Acorns lets you invest spare change to build a diversified investment portfolio for the future.

Key Features

  • Lets you choose risk-reward investment strategies based on investor profiles, starting from low-grade to high-grade
  • Zero minimum balance and zero overdraft fees involved
  • Automatic transactions take place after setting up your account
  • Pricing is very budget-friendly


Acorns has received positive reviews and ratings as high as 4.5/5 on many websites and portals, including the Google Play Store.

If you thought managing your finances is hard work, these apps will prove you wrong. Really, all it takes is just a download or two, seting up your account, and even before you know it, you’ll be saving money.

Also Read:

Reasons Why You Should Invest in Real Estate
Smart Ways to Invest Your Money and Minimize Risks
Sensible Ways to Save and Enjoy Your New Wealth Responsibly

Previous article «
Next article »