Managing a team or an entire company is extremely hard. You have to track many different elements related to the company and one of the most important elements on that list is budget.

Budget mismanagement can lead to disastrous results in any number of businesses.

Especially when you are working in real estate, you need an accurate budget and the best property management application to manage that budget.

Property management applications are an amazing piece of software, that can help manage all of the different aspects of real estate development and their related budgetary activities.

As budgeting applications mostly have built-in property management features, we are going to talk about them as the same entity.

So, without further ado, let’s talk about 9 of the best budgeting applications to use in 2020.

9 Refreshingly Simple Budget Management Solutions Worth Considering…

Here’s a list of all of the applications that we are going to talk about in this article.

  • You Need a Budget
  • Mint
  • Mvelopes
  • Simple
  • PocketGuard
  • Wally
  • Goodbudget
  • Personal Capital
  • Clarity Money

Let’s take a look at all of them in detail and find out what makes them the best in the market.


1. Y.N.A.B | You Need a Budget

You Need a Budget or YNAB is a brilliant budget management application that can prove to be a worthy property management application.

How? Well, for starters, you can use the application to plan all of the budget actions regarding your real estate activities and share those financial actions with all of the different shareholders and investors that you trust.

Furthermore, you can track all of the different goals that you set in your property management meetings and make plans to achieve all of those goals according to the budget you set.

Key Features

  • Data Security
  • 24/7 Customer support
  • Goal Tracking
  • Budget Management
  • Reporting
  • Collaboration features

Pricing

  • A Free Trial is available
  • Paid subscription starts at $11.99

2. Mint

Whenever we talk about budget management applications, one of the first names that pop up in our minds is Mint. The application is an amazing solution to all of your budgetary issues and can help you handle your finances quite easily.

The application has over 15 million users and that number is constantly rising because of all of the amazing functionality that the application provides.

The app is quite intuitive as you can sign up in seconds and have your financial data uploaded and updated on it, in seconds.

Furthermore, you can add more than 10 accounts on the application, and it will start tracking all of the financial information regarding every single one of them.

The update interval time of the information is quite seamless as it is refreshed every single time you access the application.

The software is easy to use as well, because of the way the financial information is presented to you.

For Example, the information will be displayed in a very minimalistic design that is web-based and filled with informative and beautiful graphs.

Key Features

  • Budgeting
  • Investment Tracking
  • Web-based interface, but has iOS and Android applications as well
  • Bill management
  • Credit Score Monitoring
  • Tax Reporting
  • Custom categorization
  • Two-Factor Authentication
  • Online Syncing of all of your financial information

Pricing

  • Free of cost

3. Mvelopes

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Compartmentalising cash budgeting can be quite tricky in the digital world. It is a difficult style of budgeting that needs to be understood properly before trying to use it.

So, in this style of budgeting, you put specific amounts of digital cash in separate compartments. All of these compartments are designated for one expenditure.

Where that expenditure comes up, you can spend the money from that compartment. This is the general idea of Mvelopes.

This application helps you to stay within your budget and not spend your money that was saved for something important, on something completely irrelevant.

The application is an amazing one, but sadly it is not free like Mint. But, for the price you pay, you can attach an unlimited amount of financial accounts and track the financial data from them.

This application has another plus point too and that is real-time budget matching which is quite helpful in notifying you about the amount of money you have in a specific compartment, and if that compartment is money, it will not let you spend that money on something else.

Key Features

  • Budget management
  • Online Syncing of all of your financial information
  • Mvelopes applications are available on iOS and Android
  • Real-time budget matching

Pricing

  • A free version is available
  • Paid subscription starts at $9.95 per month

4. Simple

Simple is a different application from the ones we have listed here. It’s not just a budgeting application; there is a lot to it than what meets the eye!

The application is like a bank account that is completely online and can replace all of your old checking accounts.

The application has some amazing budget management features that enable you to keep all of your budget management and the actual bank, in the same interface.

It is so much easier than managing your normal bank accounts with a third-party app, as the bank and all of the other financial decisions, require you to visit a singular interface and nothing else.

The application has an amazing financial tracking feature that will automatically start to track the expenditure you do and all of the incomes that you have coming your way.

The software also helps you in creating a habit of saving your money and not be wasteful, and to do that, it has a goal feature that motivates you to stay on course and not fall off the bandwagon.

Key Features

  • Budget Management
  • Safe-to-Spend
  • All in one, budgeting and banking software

Pricing

  • Contact the company for a price quote

5. PocketGuard

This application is quite special as it helps you not only to regulate your spending patterns but also helps you save a lot of money on recurring bills and other expenses.

The application is budgeting software that helps you track all of your financial data through a single dashboard, and enables you to guard yourself against spending too much money on irrelevant things.

The application tracks all of your budget spending for the month and uses that data to find you ways to help you spend a little less money on your expenses, then the month before.

The application hooks itself up to all of your bank accounts and tracks all of the different financial transactions, deposits and other activities that are happening in your account.

Key Features

  • Set up recurring payments
  • Perform transactions
  • Budget management
  • Custom categories
  • Export transactions
  • Goals
  • Category budgets

Pricing

  • A free version is available
  • Paid subscription starts at $3.99 per month

6. Wally

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Another great option for a budget management application is Wally. The software is fully equipped to track and manage all of your different financial actions and also offers you notifications and alerts to avoid any overspending at your end.

The application is quite popular with millennials as it is free and recommended for students and recruits in the organizational paradigm, who have yet to learn about the value of money.

The application has amazing iOS and Android softwares that help you manage all of your financial activities on the go.

Key Features

  • Budget Management
  • Unlock different insights on all of your spendings throughout the month
  • Financial clarity on every transactional activity you perform
  • Real-time updates
  • Bill reminders
  • Data storage for important financial documents

Pricing

  • Free of Cost

7. Goodbudget

The application Goodbudget is an exciting one that is quite different and yet not so different from the applications on this list.

The software enables you to compartmentalise your financial activities like Mvelopes but you can’t sync all of your different bank accounts into the app, you need to manually do it.

Why? Well, the free version only allows you to enter one account and if you buy the subscription then you can add as many accounts as you can.

The best thing about the application is that the budget that the tool creates, can be accessed by all the members of the family, and if you are the provider of the house, you can set the budget and the relevant people can access the funds allocated to them without asking you for it.

Key Features

  • Syncing of all of the different financial information in one dashboard
  • Budget management
  • Real-time updates
  • Helps you save money on recurring payments

Pricing

  • A free version is available
  • A paid subscription is available for $50 per year

8. Personal Capital

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Another free of cost budget management application to track and manage all of your financial activities is Personal Capital.

The application has an amazing tracking dashboard that includes some of the best budget management features that you can want.

While the application is good for household budgeting as well, but its main focus is on investments. With an automatic analysis of the investment charts, the application can provide you valuable insights about the particular investment in seconds.

Key Features

  • Android app
  • iOS app
  • Retirement planner
  • Net Worth Planner
  • Investment Check-up tool
  • 401(k) Fund Allocation
  • Cash flow Analyzer

Pricing

  • Free of cost

9. Clarity Money

Another great budget management application is Clarity Money that allows you to sync up thousands of different financial accounts to track and manage.

You can bucket all of the different spending activities into many different categories, track all of your different spending activities and organize your expenses.

Key Features

    • Budget Management
    • Timely updates
    • Track spending activities
    • Expense organization

Pricing

  • Free to use

Budget Management Applications FAQs

1. How to Manage Your Budget Like a Pro?

Use one of the budget management applications that we have discussed in the article.

2. How Much Does the Mint Application Cost?

It’s free of cost.

3. Any Real-Life Examples of Monthly Expenses?

They vary from person to person but the most common ones are:

  • Electricity
  • Phone
  • Internet
  • Tv
  • Groceries
  • Water

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