Are you a participant?

Best Budgeting Apps Free | Master Your Finances In 2024

Best Budgeting Apps Free | Master Your Finances In 2024


Jane Ng 26 Feb 2024 6 min read

Looking for the best budgeting apps free of 2024? Are you tired of wondering where your money goes each month? Managing finances can be a daunting task, especially when you’re trying to do it all on your own. But fear not, because the digital age has brought us a solution —free budgeting apps. These tools are like having a personal financial advisor who’s available 24/7, and they won’t cost you a dime. 

In this blog post, we’ll unveil the best budgeting apps free that promise to help you master your finances with ease. So, let’s get started and turn your financial dreams into a reality with the best free tools at your disposal.

Table Of Contents

Why Use A Budgeting App?

A budgeting app is to help you stay on track with your money goals, whether you’re saving up for something big or just trying to make your paycheck last. Here’s why best budgeting apps free can be a game-changer for anyone looking to get their finances in order:

Image: Freepik

Easy Tracking of Expenses: 

A budgeting app takes the guesswork out of tracking your spending. By categorizing every purchase, you can see exactly how much you’re spending on things like groceries, entertainment, and bills. This makes it easier to identify areas where you can cut back.

Setting and Achieving Financial Goals: 

Whether it’s saving for a vacation, a new car, or an emergency fund, budgeting apps allow you to set financial goals and monitor your progress. Seeing your savings grow can be a big motivator to stick to your budget.

Convenient and User-Friendly: 

Most of us carry our smartphones everywhere, which makes budgeting apps incredibly convenient. You can check your finances anytime, anywhere, making it easier to make informed spending decisions on the go.

Alerts and Reminders: 

Forget to pay a bill? A budgeting app can send you reminders for due dates or alert you when you’re about to overspend in a category. This helps you avoid late fees and stick to your budget.

Visual Insights: 

Budgeting apps often come with charts and graphs that make it easy to visualize your financial health. Seeing your income, expenses, and savings visually can help you grasp your financial situation at a glance.

Best Budgeting Apps Free Of 2024

  • YNAB: Best budgeting app free for Individuals committed to active management, goal-oriented
  • Goodbudget: Best budgeting app free for Couples, families, visual learners
  • PocketGuard: Best budgeting app free for Overdraft-prone individuals, real-time insights
  • Honeydue: Best budgeting app free for Couples seeking transparency & collaboration

1/ YNAB (You Need A Budget) – Best Budgeting Apps Free

YNAB is a popular app praised for its unique approach to budgeting: zero-based budgeting. This means every dollar earned is assigned a job, ensuring your income covers your expenses and goals. 

Image: YNAB – Best Budgeting Apps Free

Free Trial: Generous 34-day trial period to explore its full potential.


  • Zero-based Budgeting: Encourages mindful spending and prevents overspending.
  • User-Friendly Interface: Visually appealing and easy to navigate.
  • Goal Setting: Set concrete financial goals and track progress effectively.
  • Debt Management: Offers tools to prioritize and track debt repayment.
  • Account Syncing: Connects with various banks and financial institutions.
  • Educational Resources: Provides articles, workshops, and guides on financial literacy.


  • Cost: Subscription-based pricing (yearly or monthly) might deter budget-conscious users.
  • Manual Entry: Requires manual categorization of transactions, which some might find tedious.
  • Limited Free Features: Free users miss out on automated bill pay and account insights.
  • Learning Curve: Initial setup and understanding zero-based budgeting might require effort.

Who should consider YNAB?

  • Individuals committed to actively managing their finances.
  • People seeking a structured and goal-oriented budgeting approach.
  • Users are comfortable with manual data entry and willing to invest in a paid subscription.

2/ Goodbudget – Best Budgeting Apps Free

Image: Goodbudget – Best Budgeting Apps Free

Goodbudget (formerly EEBA, the Easy Envelope Budget Aid) is a budgeting app inspired by the traditional envelope system. It uses virtual “envelopes” to allocate your income into different spending categories, helping you stay on track and avoid overspending. 

Free Basic Plan: Includes core features like envelopes, goals, and shared budgets.


  • Envelope System: Simple and intuitive method for managing finances, ideal for visual learners.
  • Collaborative Budgeting: Perfect for couples, families, or roommates to share and manage a budget together.
  • Cross-Platform: Accessible through web, iOS, and Android devices for seamless syncing.
  • Educational Resources: Guides and articles on budgeting and envelope system usage.
  • Privacy-Focused: No ads and doesn’t connect to bank accounts directly.


  • Manual Entry: Requires manual transaction categorization, which can be time-consuming.
  • Envelope-Focused: Might not suit users preferring more detailed financial analysis.
  • Limited Free Features: Basic plan restricts envelopes and lacks some reporting features.

Who should consider Goodbudget?

  • Individuals or groups new to budgeting seek a simple and visual approach.
  • Couples, families, or roommates wanting to manage finances collaboratively.
  • Users are comfortable with manual entry and prioritizing shared financial goals.

3/ PocketGuard – Best Budgeting Apps Free

PocketGuard – Best Budgeting Apps Free. Image: The Saving Dude

PocketGuard is a budgeting app known for its user-friendly interface, real-time spending alerts, and focus on preventing overdrafts. 


  • Real-time Spending Insights: Get instant notifications about upcoming bills, overspending risks, and subscription charges.
  • Overdraft Protection: PocketGuard identifies potential overdrafts and suggests ways to avoid them.
  • Financial Protection: Premium plans offer credit monitoring and identity theft protection (US only).
  • Simple Interface: Easy to navigate and understand, even for budgeting beginners.
  • Free Features: Access to account syncing, spending alerts, and basic budgeting tools.
  • Goal Setting: Create and track progress towards financial goals.
  • Bill Tracking: Monitor upcoming bills and due dates.


  • Limited Free Features: Free users miss out on automated bill pay, expense categorization, and customizable alerts.
  • Manual Entry: Some features may require manual categorization of transactions.
  • US-Only: Currently not available for users outside the United States.
  • Limited Financial Analysis: Lacks in-depth analysis compared to some competitors.

Who should consider PocketGuard?

  • Individuals prone to overspending seek proactive alerts and guidance.
  • Users want a simple and intuitive budgeting app with real-time spending insights.
  • People are concerned about overdrafts and financial protection (premium plans).
  • Individuals are comfortable with some manual entry and prioritizing overdraft avoidance.

4/ Honeydue – Best Budgeting Apps Free

Honeydue – Best Budgeting Apps Free. Image: Doughroller

Honeydue is a budgeting app specifically designed for couples to manage their finances jointly. 

Free Basic Plan: Access to core features like joint budgeting and bill reminders.


  • Joint Budgeting: Both partners can view all accounts, transactions, and budgets in one place.
  • Individual Spending: Each partner can have private accounts and expenses for personal financial autonomy.
  • Bill Reminders: Set reminders for upcoming bills to avoid late fees.
  • Goal Setting: Create shared financial goals and track progress together.
  • Real-time Updates: Both partners see changes instantly, fostering communication and accountability.
  • Simple Interface: User-friendly and intuitive design, even for beginners.


  • Mobile-Only: No web app is available, limiting accessibility for some users.
  • Limited Features for Individuals: Focuses on joint budgeting, with fewer features for individual financial management.
  • Some Glitches Reported: Users have reported occasional bugs and syncing issues.
  • Subscription Required for Most Features: Paid plans unlock essential features like account syncing and bill pay.

Who should consider Honeydue?

  • Couples seeking a transparent and collaborative approach to budgeting.
  • Users are comfortable with a mobile-only app and willing to upgrade for advanced features.
  • People new to budgeting who want a simple and intuitive interface.


These best budgeting apps free of charge offer a variety of features to suit different preferences, making it easier than ever to take control of your finances without spending extra money on subscription fees. Remember, the key to successful budgeting is consistency and finding a tool that you feel comfortable using daily.

🚀 For engaging and interactive financial planning discussions, check out AhaSlides templates.

🚀 For engaging and interactive financial planning discussions, check out AhaSlides templates. We help enhance your finance sessions, simplifying goal visualization and insight sharing. AhaSlides is your ally in financial education, making complex concepts more accessible and fostering a better understanding of personal finance.