If you are building an emergency fund or saving for the holidays, a money savings app will help you achieve your financial goals. 2023 Best money-saving app for iPhone and Android OS. Improve your finances and save money on food, shopping, gas, and more.
Almost everyone wants to save money but saving money is not easy or easy. Most people don’t know where to start saving. Savings are a part of good financial planning. If you don’t have enough money to pay for something you need, all you have to do is set aside some money each month.
The first step to saving is figuring out how much money you spend. It would help if you track your spending, and for that, many money-saving and expense tracker apps are available to help you save money or budget for both long and short-term financial goals.
Common Features of Money Saving Apps
There are different money-saving apps available in the market today. Each app offers its unique features and benefits. However, many of these apps offer some common features.
A common feature is the ability to set a budget. The budgeting feature helps users track their spending and stay within their budget. Tracking and organizing bills or payments is another common feature. This feature helps users stay on top of their finances and avoid late payments.
Other features commonly found in money-saving apps include the ability to create savings goals, track investment portfolios, and receive personalized recommendations. All these features can help users manage their finances better and make informed decisions about their money.
Benefits of Money Saving Apps
There are many benefits of using money-saving apps. Perhaps the most obvious benefit is that they can help you keep track of your finances and budget more effectively. With this, you can see all your transactions in one place and set up alerts and notifications to help you stay on track.
Another advantage of money-saving apps is that they can help you save money. That’s because when you set a budget and track your spending, you can see where you’re spending too much and where you can cut back to save money. Some money-saving apps also offer cash back and coupons, which can help you save even more money.
Lastly, money-saving apps can also help you manage your money more efficiently. This is because you can set up direct debit and standing orders, so you never miss a payment or remember to transfer money to your account. You can also use the apps to pay bills and send money to friends and family, saving you a lot of time and hassle.
Here we have listed the ten best money-saving apps to save money and improve your finances.
Best Money Saving Apps of 2023
- Expensify- Expense Management App
- Mint- Best Budgeting App
- Robinhood- Free Stock Trading App
- YNAB- You Need a Budget App
- Digit- Money Management App
- PocketGuard- Budgeting App
- Prism- Expenses Tracking App
- Personal Capital- Finance Management App
- Clarity Money or Marcus Insights- Stop Spending Money App
- Good Budget- Personal Finance App
1. Expensify- Expense Management App
Expensify is the solution for managing financial records. It provides you with the best app for saving money goals. This expense management app helps you easily connect, track, and monitor your finances. It is ideal for both business and personal finance expense tracking. The main feature of this app is that it converts financial data into digital records by adding expenses and calculating by categorizing the data easily.
# Key Features:
- One-Click Receipt Scanning
- Credit Card Import
- Multi-Level Approval Workflow
- Corporate Card Reconciliation
- Accounting, HR, Travel Management
# Price:
- For Businesses: “Collect” from $5 /user/month and “Control” From $9 /user/month
- For Individuals & Self Employed: Track and Submit is Free for up to 25 SmartScan/month
# Availability:
- Available For Android and ios.
2. Mint- Best Budgeting App
Mint is the best app to save money and is the most famous budgeting app. This app allows you to track and manage your finances as it controls your expenses. In this app, financial data is updated automatically whenever you go. You can create a budget that you can stick to. This budget app has categories like investment, bill payment, retirement planning, etc.
Key Features:
- Automatic Expense Categorization
- Budgeting
- Setting Financial Goals
- Tracking Bills
- Customizable Reports
- Investments
# Price:
- Free to use. Although, Their ad-free version is only $1 a month.
- Apart from Mint, Intuit offers services like TurboTax, QuickBooks, Credit Karma, and MailChimp.
# Availability:
- Available For Android and ios.
3. Robinhood- Free Stock Trading App
Robinhood is the best money-saving app. This free stock trading app offers you the latest and smart ways to save money. This app is best for investors as it lets them trade stock exchange-traded funds and cryptocurrencies without any fees or commissions. Robinhood offers commission-free stock and trading options. This app provides both mobile and web trading.
Key Features:
- Trading stocks, ETFs
- Trading cryptocurrency
- Commission Free Investing
- Options investing
- Investments
# Price:
- Account minimum: $0 for brokerage account and Robinhood Gold account.
- Stock trading costs: $0 (No Charges).
- Options trades: $0 (No Charges).
- Account fees (annual, transfer, closing, inactivity): No Annual fee, No inactivity charges, NO ACH transfer fees. $75 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.)
# Availability:
- Available For Android and ios.
4. YNAB- You Need a Budget App
YNAB is another best money-saving app that is also good for the budget. Short-form is “You Need a Budget,” this budget planner app claims to make every dollar a job. This app can link your savings account and your credit card. You will get statements and information about where your money is going so you can control spending and start saving.
Key Features:
- Connect to Your Bank
- Real-Time Sync
- Goal Tracking
- Loan Calculator
- Spending & Net Worth Reports
# Price:
- Trial Package: Free for 34 days.
- Monthly Plan: $14.99/month
- Annual Plan: $98.99/year
# Availability:
- Available For Android and ios.
Read More: Good Financial Habits That Make Your Life Easier
5. Digit- Money Management App
Savings depends on many variables, such as how much money you keep in your accounts and how you spend it. Digit, a money-saving app, aims to save as much money as possible by controlling expenses. This app analyzes your income and spending habits, automatically dips into your checking accounts and puts a few dollars in your savings.
Key Features:
- Connect to Your Bank
- Checking Account Balance,
- Analyze Income,
- Track Incoming Bills,
- Analyze Recent Spending
# Price:
- After your 6-month free trial, Digit costs $5 per month to use.
# Availability:
- Available For Android and ios.
6. PocketGuard- Budgeting App
PocketGuard is a budget app that protects your pocket. The PocketGuard app connects to all your financial accounts and tracks your spending compared to your budget. This app helps you to avoid overspending.
Key Features:
- IN MY POCKET
- Spending pie-chart
- Finance Goal
- Category budgets
- Find savings
# Price:
- The app offers a free version initially.
- Users can upgrade to a premium for $4.99 per month or $34.99 per year.
# Availability:
- Available For Android and ios.
7. Prism- Expenses Tracking App
Prism is the best personal finance app that tracks your expenses. It tells you about your finances and expenses. In this app, you need to add bills, and it automatically tracks your spending habits. The best thing about this app is that it reminds you of outstanding bills and saves you from huge penalties.
Key Features:
- Bill-tracking
- Arrange income and expenses
- Calendar or list chart
- Account syncing
- Bill payment and cancellation
- Biller system
# Price:
- Prism offers a free service, which means a 0$ fee.
# Availability:
- Available For Android and ios.
8. Personal Capital- Finance Management App
Personal Capital is the best personal finance management app that helps you save money for your financial goals. This app allows you to manage your expenses, investments, and everyday expenses. In this app, you can link your bank account, create budget, and track expenses accordingly.
Key Features:
- Retirement, And Finances Portfolio Tracker
- Manage All Your Accounts In One Place
- Interactive Cash Flow Tool
- Track Your Investments
- Plan For Retirement
- Personal Capital Cash™
# Price:
- Personal Capital’s tools (Net Worth Calculator and Retirement Planner) are FREE for users to get a clearer picture of their financial life.
# Availability:
- Available For Android and ios.
9. Clarity Money or Marcus Insights- Stop Spending Money App
From 2021, Clarity Money is rebranded as Marcus Insights. Clarity Money is the app that helps you stop spending money on unnecessary subscriptions you are not using. The best thing about this app is that it gives tips to improve your spending after analyzing your spending habits. This is the best money-saving app for both Android and iOS.
Key Features:
- Savings accounts
- Monthly subscription cancellation
- Spending tracker
- Support team
- Clarity Money App – Loan
# Price:
- The personal finance app Clarity Money is FREE to use.
# Availability:
- Available For Android and ios.
10. Good Budget- Personal Finance App
Good Budget is another best personal finance or budgeting app for paying bills and keeping track of expenses. This budget app for couples helps in sharing budgets with your partner. The best thing about this app is that when you add a new transaction, it has the option to add multiple details and persons to split the bills.
Key Features:
- Budgeting — Envelope Method
- Categorize income into categories
- Transaction History and Tax Reports
- Spend Tracker
- Expense Groups
- Bills Management
- Payment Gateway
# Price:
- Goodbudget Free Plan: Allows for creating 20 envelopes
- Goodbudget Plus (paid subscription): Offers two payment options: $7 per month or $60 per year, plus tax.
# Availability:
- Available For Android and ios.
In conclusion, These are some of the best money-saving apps of 2023. To save money smartly, choose a smart money-saving app that best suits your needs and helps you save money.
