5 Best Apps For Business Budgeting

Financial literacy is one of the best skills you need to go into the adult world with. These skills need to cover both your business finance and your personal financials.

Gone are the days where you just transact until your balance is nil. The world is a lot more sophisticated these days and fortunately, there are some great apps to help you stay ahead of the pack.

Here are 5 of the best apps and budgeting tools to keep you on top of your financials. Think of them as your pet digital advisers.

You Need A Budget (YNAB)

This well-known and popular app stands out because it will teach you how to budget. It’s works fine for both small business and personal finances. This means that you can use it at work and for when you claim an online casino welcome bonus and play for real money.

There are millions using this app so there are a lot of potential friends out there offering support while you are learning. Skills YNAB will teach you (all based on zero-based budgeting) include the envelope budgeting system, expense tracking and future planning.

The only downside is that there is no free version, but if you opt to pay the yearly subscription, you could save yourself almost $100.

Mint

This is a good free budgeting app. Once you have added and synched all your financial information, Mint will categorise your monthly transactions into for example, rent, vehicle payments, groceries and sundries, and recurring utility bills such as lights and water.

Following that it will make budgetary recommendations, which, you can choose to personalise at the beginning of each month of transacting.

It’s also easy to build and generate reports which are easy to understand, and they look good too.

Personal Capital

This is a great app for long-term financial planning for both your business and personal finances. Note that the app is aimed at seasoned budgeters (so budgeting newbies steer clear of this one). It keeps track of your insurances and social security, business savings plus your investment portfolios.

This is an excellent all-rounder for retirement planning for both personal and business finances.

GoodBudget

This extremely popular app is excellent for preparing financial reports and analysing income and expenditure. All your information is synched and stored in the cloud and is available across multiple devices so they can be shared easily with business partners and investors.

With more than a million downloads, this envelope-budgeting tool is a good all-round helping hand.

Toshl Finance

According to Google Play, this budgeting app keeps almost 4 million users on top of their finances. This is definitely one for the Gen Zers with its funky interface purporting to make finance fun, depicting your money flow like a river. Toshl helps you track your money flows monthly or longer-term and allows you to set up budgets, letting you concentrate on your goals.

Like most of the apps above you can save receipts from your phone’s camera which are then fed into the app and saved.

Budgeting has never been easier.