HomeBusiness PointFour Best Finance and...

Four Best Finance and Budgeting Applications for Businesses 

So many people like to save more and spend less. However, the routine reality of life and work and the countless daily commitments often make it impractical and challenging, if not impossible. In all honesty, it is not easy to seek the motivation for budgeting, but some people tend to overlook it entirely.

For these and a bountiful of other reasons, the number of budgeting applications and their popularity is constantly surging. When you have software, it is easier for you to monitor your spending and expenses and make conscious efforts to save more by linking your banking accounts to an app and tracking the cash inflow and outflow. A lot of these apps are free, but many are paid too. Regardless, these applications will surely help you better your finances over time. Here, in this article, we will review some of the best budgeting applications to help you find an app that best fits your needs.

1. Goodbudget

‘I love using the Goodbudget financing and budgeting application as it works great for my business and personal use. This application is based on the envelope system,’ comments Daisy, who works with EduWorldUSA.

Let us explain the working of this application. In the Goodbudget application’s envelope system, you portion out a chunk of your monthly income and direct it towards a specific type of spending category. This application enables multiple devices to use the same accounts. So, family members and partners can conveniently share one budget. Unlike the other budgeting applications, you do not have to sync your bank accounts in this app. Instead, you will manually end your account balance and the debts and cash amounts.

When the income and the accounts have been entered, you will allocate the money towards certain spending categories, and these are called envelopes. You can use one account on two devices in the free version, and you get only limited envelopes. On the other hand, in the premium or the plus version, payable at 7 USD per month or 60 USD for a year, you get unlimited accounts and envelopes and access on five devices, along with some other benefits.

2. Mint

‘As long as I have had my business, I have been using Mint as my only budgeting application,’ comments Stuart, who works with TopAssignmentExperts

It is indeed one of the most prevalent and the oldest budgeting application. Mint is owned by Intuit, the company, which makes TurboTax and Quickbooks. With Mint, you get access to several features that help you manage and track your money from an extensive list of credit card issuers, banks, lenders, financial institutions, and brokerage.

Even though the application has a plethora of features, its most helpful feature is its budgeting tool. You can find it in the front and center when you log into the application. Under Mint, the transactions from the linked debit and credit cards are categorized, and you can track them against the set budget. You can even tweak your expenses and spending according to your needs. The application also has a feature wherein you can get alerts or notifications anytime you go over budget. You can track your spending by category or analyze the overall cash flow to picture where your money goes fully.

3. Personal Capital

‘At TFTH, a website that helps you find homework and assignment help serviceswe religiously use the Personal Capital application to track our expenses and income,’ comments Justine.

Check out: How To Sell An Annuity On The Secondary Market For Quick Cash?

Personal Capital is certainly the best application for investment-focused and retirement budgeters. On the application, you can maintain and set a monthly budget. This application is an amalgam of features, such as retirement goal-tracking, investment monitoring, and budgeting. Together all of this makes it an exceptional application worthy of a download.

When you sign up for the application, you will input retirement-focused information, such as the age when you intend to retire and the money you have in your investment and savings account. After you have linked all the accounts you wish to manage, such as your investment accounts, savings accounts, and checking accounts, you can get a general overview of where your money is going. With the graphs on the application, it is easy for you to keep a tab on your cash flow and expenses on a month-by-month basis. Overall, Personal Capital is an incredible money management application, and you can use it to monitor where your money goes and keep a tab on your long-term plans and retirement goals.

4. My Budget Book

It is indeed a serious budgeting applications, and has all the fine details, and enables you to set category-wise limits. So, having this application, you can decide the amount you intend to spend on entertainment, clothing, and other things. Furthermore, the app supports 100% offline support, and there are no in-app purchases or ads. Further, the application also has a themed Material Design Interface. You can easily customize the features to make the app more powerful. You can also export to CSV or HTML, as required. In all honesty, you do not get advanced features in this app, such as cross-platform support, but you do not need it. The only con of this app is that it requires you to pay upfront.

Check out: Key of Sustainable Marketing in Business Enterprises Strategy

Most Popular

More from Author

Implement these employee retention strategies to reduce turnover

Employee turnover is one of the most unfavorable situations in a...

The Impact of Social Media on Consumer Purchase Decisions

Businesses are increasingly interested in how customers' use of social media...

Time Management Tips for College Students

With the pressures of college, learning time management is essential. A...

9 Types of Stakeholders You Need To Know

Stakeholder management is key to business success. But achieving good stakeholder...

Read Now

PowerApps Interview Questions and Answers

Are you looking for the perfect candidate to fill a role in your team that requires PowerApps skills? Before conducting an interview, it is important to have a list of relevant questions prepared. This article covers the most common questions asked in an interview related to PowerApps....

Invoice System Tips For Freelance Graphic Designers

Working as a freelance graphic designer is not for the faint of heart. It may provide you with more routine flexibility and the opportunity to work on more personal projects, but it also requires a lot more self-discipline and accountability than most other job descriptions do. One area...

5 WhatsApp Marketing Ideas and Examples

Are you looking for creative and innovative ways to market your business through WhatsApp? If so, you're in luck! This article will cover some of the best marketing ideas you can use through WhatsApp. From messaging customers on special days to offering exclusive deals, these five ideas...

3 Communication Methods Businesses Can Use

Effective communication is crucial for businesses of all sizes and industries. Whether communicating with customers, collaborating with colleagues, or managing teams, businesses must convey information clearly and effectively to achieve their goals. Poor communication can lead to misunderstandings, delays, errors, and even lost revenue. According to a survey...

8 Tips For Naming Your Startup Business

Coming up with a name for your Your Startup Business can be a daunting task. There are so many factors to consider that narrowing down your options can be difficult. However, choosing a name that will reflect your brand and help you stand out from the competition...

A 6-step Salesforce Customization Guide

There comes a moment in each Salesforce owner’s life when they feel it’s time to modify the solution to better meet the evolved needs. Fortunately, Salesforce is a platform that can be modified in many ways, and the most popular and effective one is customization. Using development...

Some Common Bookkeeping Mistakes That You Should Avoid 

Bookkeeping is undoubtedly one of the most important aspects of any business. Whether you have a small or a large organization, you need to know the importance of bookkeeping to maintain proper records of all business expenses. With the help of bookkeeping, you can come up with...

Strategies to Automate Accounting System for Enhanced Results

Digitizing business and adapting to the automated accounting system is fundamental to every retail and e-commerce sector. Financial fluctuation with an undefined conversion rate is part and parcel of every business. As a result, it is essential to incorporate an automated accounting system to maintain a steady and speedy...

Fintech: Financial Technology Features and Implementations

Fintech, or financial technology, is an innovative industry that combines technology and finance to provide improved and new financial technology and services. It encompasses various products and services such as mobile banking, digital payments, crowdfunding, and wealth management. Fintech aims to make financial services more accessible, convenient,...

What to Do Before Opening a Reward Checking Account?

If you've never opened a reward checking account before, it can be easy to be intimidated by the process of doing so. For some people, it's not just a matter of opening an account and getting started. Other things need to happen before your new rewards checking...

Best Strategies for Improving Employee Productivity

Businesses now engage, work, and interact better than they previously did. You might always want to look for new ways to promote collaboration, engagement, and productivity. Investing in your workforce paves the way for success in today's competitive markets.  A modern business should use technology, robust policies, and...

Customer Journey Map: The key to Understanding Your Customer

What is the driving force and engine of the commerce universe? The customer. It has always been and will be the person who buys the goods and services. All the companies are competing against each other to win the attention of people and turn them into clients.  Obviously,...