9 Best Budgeting Apps For Couples And Individuals In 2020

In this post, we discuss some of the best budgeting apps for couples and individuals at the moment. Studies have shown that disputes over money are the cause of most frictions in families. It is therefore important that as a couple you find ways to manage your personal finances effectively.

Best Budget Apps For Couples And Others:


Mint - best budgeting app for couples.
Mint budgeting app

Mint is another budgeting app that is popular in countries such as the United States. It is compatible with both Android and iOS.

It is an app that enables you to put all your bank accounts under one roof if you want.

In this way, you can track all your income and expenses under one roof. You don’t just add bank accounts as you can also add credit cards to this app.

Through this app, you can prepare a budget and use this as a monitoring mechanism.

It can for example let you know when your bills are due. And even better informs you if your cash flow is in good shape to accommodate those expenses.

To help you monitor your budget the app sends you a warning when you approach budget limits.

I also like the fact that this app also provides charts and other visual representations of your transactions. It is very easy to miss some important faces when expenses are viewed in isolation.

It is sometimes nice to view transactions in relation to other transactions and a chart does this very well.

Besides all this the app also allows you to check your credit rating. It is therefore a handy app for those who are looking for wasy on how to build credit fast.

YNAB (You Need A Budget)

This another budgeting app that has helped many to control and manage their finances.

Just like the other apps YNAB allows its user to connect to their bank accounts and therefore monitor them within the apps.

It also has features that allow users to set goals and also customize spending categories. Its uniqueness comes with its use of zero-based budgeting.

For those that don’t know what zero budgeting means here is the explanation.

Zero-based budgeting is a method of budgeting where you start from zero during each budget preparation. It is different from other forms that use build on the previous month’s income and expenses.

This means that each month you will be forced to analyze all your needs afresh and not by looking at how you did the previous month.

It, therefore, does not matter whether each budget is higher or lower than the previous one.

I prefer zero-based budgeting to other types because I am forced to start from a fresh page and not just include things based on the previous budget.

However YNAB is not a free app as the annual charge is $84 or $11.99 per month. If you just want to test it you can still do so as the first 34 days are free.

It is even much better for students as they can use this for free for 12 months.

Another cool feature of this budgeting app is that you will have access to budgeting advice and free workshops.

This is for me a big plus as most people need to be trained on money management issues which modern schools have failed to provide. Knowledge is power when it comes to managing your finances


If you are looking for a budgeting app that can also help you in finding better deals for your cable, cellphone, and other bills then Pocket Guard is for you.

It not only makes sure that you pay your bills on time but also looks for opportunities for savings for your utility bills.

PocketGuard - best budgeting app

The other features of this app include the ability to link all your banks, credit cards, loans and investments in one place where you can track them.

It also crunches the numbers to provide you with the amount of money still spend after deducting the funds for bills, goals, and necessities.

That means there is no more guesswork when it comes to expenses outside the budget.

Its Insights section will also provide you with a visual presentation of your expenses and how they relate to all your expenses.

These reports are customizable enabling you to personalize the categories.

Further, this app also allows you to automate your savings with Autosave. You just need to tell PocketGuard how much you want to save and it will process it for you.

For the security of your money the app also the same level of security as major banks. Besides the PIN code the app also uses biometrics as an additional layer of security. This means therefore that fraudsters can not easily access your details



The best budgeting app for couples is definitely GoodBudget. This is because it allows partners to share and sync budgets on their Android or iOS phones.

You are therefore able as a couple to track whatever is happening.

This app uses the envelope budgeting system where income is added to each envelope category and expenses are charged to each envelope.

You can therefore track how much is left in each envelope. During the budgeting process, you can create up to ten Cash Envelope System Categories for free.

It also allows you to adjust or add new envelope system categories if needed.


Another budgeting app that follows the cash envelope system budgeting but digitally is Mvelopes.

Envelope budgeting involves putting money in envelopes covering categories in your budget.

The condition is that you cannot spend more than what is in the envelope.

For example, if the grocery category envelope has $50 then once you exhaust this $50 then you will have to wait until the next budgeting cycle to start spending any money on groceries.

In the case of the Mvelopes, the envelopes are all digital and not physically.

Mvelopes also offers users the ability to connect their bank accounts to the app.


Simple is an app that is both a bank app and a budgeting app. You can therefore literally deposit money into the bank account and at the same time be able to create a budget within the same app.

You, therefore, don’t have to go through the process of linking bank accounts to the app as this app is already a bank app.

You can also use this app to set up recurring expenses and the app will process them for you.

The app also has the What’s-Safe-to-Spend to help you know if it’s safe to spend money and also to make sure that you have enough money to cover your Expenses and Goals.

The app also helps the users to save towards goals such as vacations and shows them the balance until they have saved enough to meet the goal.

Money Dashboard – United Kindgom

While the United States has Mint, the United Kingdom has Money Dashboard. This is one of the best budgeting apps out there. It is available for both Android and IOS-powered phones.

Besides budgeting with this app you can have access to all your bank accounts in one place.

In this way, you can easily monitor your cash inflows and outflows in one place. With this app, you are able to track all your aggregated balance in one place and therefore see whether you will be able to make it to month-end (payday).

The app also helps in categorizing your expenses which is pretty handy when budgeting your income and monitoring your expenses against your budget.

Money Dashboard app - best budegeting apps.
Money Dashboard App.

For those that are worried about security issues, I would like to assure you that your money will be safe.

This is because the Money Dashboard is powered by Yodle an account aggregation service.

Yodlee is used by may of the world’s leading financial institutions.

Another thing that you need to be aware of is that this app is a read-only app.

That means that even if someone was to hack into the app they will not be able to do much.

They won’t for example be able to process bank transactions.

This is however a weakness for most people who want more than read-only access.

Most people want to be able to do more than checking balances and movements.

Personal Capital

Those that want to manage both their investments and also personal or family budgets in one app, then Personal Capital it the right app for you.

The only problem here is that Personal Capital is more of an investment app than a budgeting app. The budgeting feature looks like more of an afterthought.

The budgeting feature is however still able to do the usual stuff found in the other budgeting apps such as linking bank accounts and tracking purchases though not on the same scale.

If you, therefore, are happy with a basic budgeting app then this app is fine. Besides budgeting this app analyses your investment fees, asset classes, and other important investment matters.


If you are looking for a completely free budgeting app then Wally is perhaps the best free app out there.

Unfortunately, it is more focused on budgeting when compared to other budgeting apps that do other things too.

With this app, you can track your income and expenses. It also compares your expenses against your budget and shows you the balance on your budget for each line.

This way you can avoid overspending. All this data about cash inflows and outflows has to be entered manually.

If you want to link your bank accounts to the app then you have to pay $4 dollars per month or $33 yearly subscription. If you want to add joint accounts then you can buy this for $13.49 per year.

Other add-ons that you can purchase include purchase accounts syncing and data export. There is also the Wally Gold premium version which offers features like foreign currency, payment reminders, etc.

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Gone are the days when we only had few options for preparing our budgets. Nowadays you don’t have to use paper or a spreadsheet only to prepare a budget and therefore not have access to it when away from a computer or home.

We now have these budgeting apps that help us to keep track 24/7.

I hope you have all the details to make up your mind on the best budgeting for couples or individuals.