Struggling to find the perfect personal finance app to master your budget in 2024? In this article, top insights from a CEO and a founder will guide you through the best options available. Our discussion kicks off with how YNAB encourages intentional spending and saving, and wraps up with how Mint simplifies personal finance management. With seven expert insights in total, this comprehensive review will help you make an informed decision.
- YNAB Encourages Intentional Spending and Saving
- PocketGuard Simplifies Budgeting with Real-Time Tracking
- Simplifi Saves Money with Predictive Insights
- Copilot Provides Personalised Budgeting Recommendations
- NerdWallet Offers Efficient Budget and Cash Flow Management
- Monarch Money Tracks Investments and Budgets Seamlessly
- Mint Simplifies Personal Finance Management
YNAB Encourages Intentional Spending and Saving
I think YNAB (You Need a Budget) is a top contender for personal finance in 2024. YNAB is unique in how it encourages users to assign every dollar a “job,” which helps you make intentional decisions about spending and saving.
I’ve personally seen it help people become more disciplined because it’s based on a clear and proven budgeting philosophy rather than just tracking your expenses.
One of YNAB’s most powerful features is its goal-setting and real-time tracking—it syncs with your bank accounts so you can see updates to your budget as you spend, but it also encourages proactive planning.
You set budget goals for categories like “Rent,” “Groceries,” and “Vacation,” and YNAB will show you exactly how much you have left to spend in each area.
There’s also a unique focus on aging your money, so instead of spending what you just earned, you’re aiming to spend money you received a month or more ago, building a buffer and promoting financial stability.
Additionally, YNAB’s educational resources are some of the best in the industry. They offer workshops, blog posts, and a helpful support team that makes budgeting less intimidating, which is especially valuable if you’re new to managing your money actively.
The YNAB community is also strong, so there’s plenty of encouragement to help you stick to your goals.
YNAB is subscription-based at around $14.99 per month or $99 annually, but many find that it pays for itself through the financial clarity it brings.
While it may have a learning curve, YNAB’s structured approach to budgeting can be transformative for anyone serious about taking control of their finances.
Kenan Acikelli, CEO, Workhy
PocketGuard Simplifies Budgeting with Real-Time Tracking
I highly recommend PocketGuard as the best personal finance app to help take control of your budget in 2024. PocketGuard simplifies budgeting by connecting to your bank accounts and tracking your spending in real time.
What sets it apart is its “In My Pocket” feature, which shows you exactly how much disposable income you have left after accounting for bills, goals, and necessities. This clear visibility helped me manage my expenses during a recent period of business growth when I needed to keep a close eye on cash flow.
The app automatically categorises your spending, making it easy to identify areas where you might be overspending. I found the customisable budgeting options particularly useful, allowing me to set limits on different categories and adjust them as needed.
Additionally, PocketGuard sends alerts when you’re close to exceeding your budget, which helps maintain discipline. The straightforward interface is user-friendly, making it accessible for anyone, regardless of their financial expertise.
Overall, PocketGuard’s focus on simplicity and transparency makes it an excellent tool for anyone looking to gain control over their finances in 2024.
Aseem Jha, Founder, Legal Consulting Pro
Simplifi Saves Money with Predictive Insights
Having analyzed numerous fintech solutions, I find Simplifi’s AI-powered transaction categorisation and real-time sync with multiple accounts provides the most comprehensive financial overview without requiring hours of manual input. The app’s predictive insights helped me identify a pattern of unnecessary software subscriptions, saving me nearly $200 monthly by highlighting overlapping services I could consolidate.
John Cheng, CEO, PlayAbly.AI
Copilot Provides Personalised Budgeting Recommendations
For taking control of your budget in 2024, I’d have to recommend Copilot. This app is a game-changer, and here’s why. First off, it’s incredibly user-friendly. The interface is clean, intuitive, and visually appealing. Even if you’re a complete budgeting newbie, you’ll find it easy to navigate and understand. Copilot connects to all your financial accounts, giving you a comprehensive view of your money in one place. It automatically categorises your transactions, tracks your spending, and helps you set and achieve your financial goals.
But what really sets Copilot apart is its proactive approach to budgeting. It analyzes your spending patterns and provides personalised insights and recommendations. It’s like having a personal finance advisor in your pocket! Copilot will even alert you to upcoming bills, potential overdrafts, and opportunities to save money.
The app also offers some really cool features like goal-based savings plans and a net worth tracker. And if you need help, their customer support is top-notch. Overall, Copilot is a fantastic app that makes budgeting easy, engaging, and even a little bit fun. It’s the perfect tool to help you take control of your finances and achieve your financial goals in 2024.
JJ Maxwell, CEO, Double Finance
NerdWallet Offers Efficient Budget and Cash Flow Management
NerdWallet is the best personal financial app for controlling your budget in 2024. With this finance app, you can plan your budget and manage cash flow efficiently. It allows you to track your cash flow and suggests the best practices to control your spending, fitting into the 50/30/20 budget guidelines.
You can install this app on your iPhone and desktop to explore educational resources on the best budgeting practices. I prefer this app for its minimal advertisement intervention feature, which makes my budgeting experience hassle-free and less distracting.
It has an intuitive dashboard that helps you to track your spending, displaying your savings and credit card accounts. You can use NerdWallet for free or upgrade it according to your budgeting needs.
Soubhik Chakrabarti, CEO, Canada Hustle
Monarch Money Tracks Investments and Budgets Seamlessly
From my experience managing client portfolios, I’ve consistently recommended Monarch Money for its robust investment tracking capabilities and comprehensive budgeting features that integrate seamlessly with most financial institutions. The app’s ability to generate detailed tax reports and track capital gains has been particularly valuable for my clients who need to monitor their investment performance while maintaining precise budget control.
Jonathan Gerber, President, RVW Wealth
Mint Simplifies Personal Finance Management
In 2024, Mint is one of the best personal finance apps for budgeting. I appreciate its user-friendly interface and robust features. Mint helps users track expenses, set budgets, and manage bills in one place.
The app connects securely to your bank accounts, credit cards, and investment accounts. This feature provides a complete view of your financial health. Mint automatically categorises transactions, making it easy to see where your money goes each month. You can create personalised budgets and receive alerts when you’re nearing your spending limits.
Mint also offers credit score monitoring, which is invaluable for maintaining financial health. It provides tips on how to improve your score, which is beneficial for long-term financial planning.
Another standout feature is the goal-setting tool. Whether you want to save for a vacation or pay off debt, Mint helps you track your progress.
Overall, Mint simplifies personal finance management. Its comprehensive features and accessibility make it an excellent choice for anyone looking to take control of their budget. I highly recommend trying it if you’re serious about improving your financial situation.
Fawad langah, Director General, Best Diplomats
