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Budgeting Software Reviews

Budgeting Software Reviews

One of the most important tools in your arsenal to manage your personal finances is something that you probably don’t think much about — and that’s budgeting software. Budgeting software allows you to organize your financial situation according to where you are in your life. If you’re young and just starting out, budgeting software can help you get into the habit of saving money so finance isn’t an overwhelming force later in life. If you’re older and have a job with a steady income, it means that budgeting software can help you financially prepare for retirement. Below are reviews on the best budgeting software

Budgeting Software Reviews


You Need A Budget, often known as YNAB, is one of the top budgeting programs that attempts to instill healthy spending habits in users by offering an intuitive program that may help you reach your goals while protecting your personal information.


  • Easy budgeting method
  • Share finances with a partner
  • Set your goal and have an eye on it
  • Progress reports in the form of graphs and charts
  • Personal support
  • Data security

Verdict: With most of the reviews in favor of the software, YNAB is a highly recommended budgeting app, which helps you come out of debt and have a check on your expenses.

Price: $11.99 per month or $84 per year, with a free trial of 34 days.


One of the best budgeting programs is Mvelopes, which has practically all of the features you could possibly want.


  • Assistance for initial setup
  • Helps in cutting down the debt burden
  • Monitors your transactions and balance
  • Interactive reports
  • Chat rooms for assistance
  • Learning center

Verdict: Users are of the view that Mvelopes is a great budget software that helps in keeping a close eye on where your money is going. But you have to go through some basic learning curves for initializing.

Price: The price structure is as follows:

  • Basic: $5.97 per month or $69 per year
  • Premier: $9.97 per month or $99 per year
  • Plus: $19.97 per month or $199 per year


With the help of its customizable budgets, Mint, a free personal budgeting tool, helps you reach your objectives by keeping tabs on your spending, activities, and activities.


  • Budget planner
  • Monitors your credit flow
  • Keeps track of your expenditure
  • Keeps your data secure

Verdict: Due to the features it offers absolutely free of cost and all the positive reviews from its users, Mint is the #1 downloaded budgeting application.

Price: Free


Your money literally dances from one account to another while using the Moneydance budgeting software. If the product does not satisfy the user for whatever reason, they even provide a 90-day money-back guarantee.


  • Online banking
  • Records transactions and gives automatic reminders for upcoming payments
  • Shows your activities in the form of graphs and reports
  • Maintains account registers

Verdict: One of its users says that the Multicurrency mechanism of the software proves to be hugely fruitful for the investors who deal with numerous foreign currency accounts or in cryptocurrency.

Price: $49.99 for a lifetime


By informing you of how much money is being spent on each activity, the budgeting program PocketGuard functions as a guard for your money. Setting a budget and sticking to it will help you save.


  • Pie charts to show division of expenditure
  • Can see all accounts in one place
  • Negotiates better rates on your bills
  • Autosave option
  • Data security

Verdict: PocketGuard is one of the best budgeting software that can come as a rescue for families with huge expenditures and spending habits.

Price: $4.99 per month or $34.99 per year (Free version also available).


One of the greatest budgeting programs is CountAbout, which has all the functionality commercial organizations need for daily operations. Even other budgeting programs like Quicken or Mint let you import data.


  • Import data from Quicken and Mint
  • Customizable income and spending categories and tags
  • Invoicing
  • Recurring transactions
  • Budgeting
  • Financial reporting
  • Your financial activity in the form of graphs and widgets
  • Easy to use

Verdict: If you are a Business Enterprise and want budget software that can look after all your transactions and provide you financial reports at the same time, then CountAbout is recommended for you.


  • Basic: $9.99 per year
  • Premium: $39.99 per year
  • $10/year additional charges for attaching images to transactions.
  • $60/year additional charges for adding the feature of invoicing.


Honeydue budget software is made exclusively for couples to manage both their individual and shared costs and thereby maintain their budget as necessary.


  • Joint banking
  • Manage credit flow together with your partner
  • Choose what to share
  • Keep a check on your spending

Verdict: Honeydue budgeting application is highly recommended for couples having a mutual resolution to save together.


With the help of goodbudget software, you can track your spending and save money for the things that matter most. Both private and commercial organizations may use it.


  • Envelope budgeting method
  • Sync and share budgets
  • Save for big expenses
  • Pay off debt

Verdict: Goodbudget software has the features of modern software except for the fact that it doesn’t sync your transactions automatically. You have to enter all the transactions manually.

Price: $7 per month or $60 per year. (Free version also available).


EveryDollar is a straightforward budget program with few features that make it complicated. For those just starting out in the world of budgeting, this program may prove to be a smart choice.


  • Easy to operate
  • Organize your future spendings
  • Track your disbursements
  • Sync across devices

Verdict: Some of the users are of the view that the number of features offered in the free version is much lesser than that in Mint (also a free budgeting software). But EveryDollar is modern designed software that gets updated regularly to keep the users intact.

Price: $129.99 per year (A 14-day free trial and a free version also available).

Personal Capital

The Personal Capital budgeting program is made to handle enormous amounts of wealth data. It serves as an advisor for the investors as well as a budget planner.


  • Savings planner
  • Calculate net worth
  • Retirement planner
  • Investment checkup
  • Fee analyzer
  • Cash management
  • Tax optimization

Verdict: Users are of the view that if you want budgeting software for individual use, then you should not go for Personal capital as it is loaded with features that are designed for maintaining reports of large quantities of wealth. Moreover, the software is not very much affordable for everyone. But for the big investors, it can prove to be of great profit.

Budgeting Software Free

budgeting software

Managing your money successfully includes keeping a close eye on your expenses. One way to do that is to take advantage of free software and services. Free personal finance software can be surprisingly robust, helping you track spending, create and manage budgets, and run reports.


The creators of Quickbooks and TurboTax, Intuit, offer a free online budgeting tool called Mint. This software gathers all of your financial information and provides you with a summary of your spending, bills, budget, and credit score. You may set objectives and reminders, make your own budget, and sync your data between the web and apps. Encryption and multi-factor authentication improve security. To keep track of your money and portfolio, utilize Mint.

Access Mint via the web or phone apps for iOS and Android.


GnuCash is desktop software; its features include tracking bank accounts, stocks, income, and expenses. GnuCash is based on double-entry accounting for balanced books and you can run a number of reports to see your financial data. GnuCash also offers small-business accounting tools that let you manage customers and vendors, handle invoicing and bill payment, and even payroll.

GnuCash is compatible with Windows, Mac OS X, GNU/Linux, BSD, and Solaris. There is a companion app for Android that will let you track expenses on the go and later import them into the desktop software.

AceMoney Lite

AceMoney Lite bills itself as the best Quicken alternative. You can manage your budgets, track your finances in multiple currencies, keep an eye on your investments and analyze your spending habits. You can also do online banking. As this is the lite version, you’re limited to two accounts; the full version supports unlimited accounts.

AceMoney Lite is compatible with Windows and Mac OS X.

Personal Capital

Personal Capital offers free financial software for tracking investments and planning for retirement, in addition to its tools for cash flow, spending, budgeting and net worth. Personal Capital’s focus is on investments, showing you the performance of your portfolio over time and helping you make decisions for the future, so its budgeting components aren’t as robust as other software.

If you’re not an investor or prefer fine-tuning your budget to getting the broad view, Personal Capital may not be the best fit. However, if you want to save for college or retirement, its free tools will show you whether you’re on track.

Personal Capital can be accessed via the web or apps for Android and iOS.


Buddi is an open-source budget software that runs on Windows, Mac, and Linux systems and has been translated into multiple languages. Buddi can encrypt financial data with a password, and it’s designed to be easy to use even if you have no financial background.

Features include budgeting, tracking accounts, and personal finance reports, but you will have to enter transactions manually. Free plugins add more features, and the online user manual is easy to read and use.

Buddi is compatible with Windows, Mac OS X, and Linux.

Free Budget Spreadsheets

If you don’t need fully featured personal financial software and you’re just concerned about keeping a budget, there are some great free budget spreadsheet templates you can use with Microsoft Excel, OpenOffice Calc or Google Sheets. Just download and open them in your spreadsheet software to get a handle on your cash flow.

Business Budgeting Software

1. Cube

Our top pick for FP&A software is Cube, a strong and user-friendly FP&A application. Here is a brief description of Cube:

  1. The first spreadsheet-native FP&A software that helps finance plan for the unexpected and move the business forward.
  2. Eliminates manual work and provides the real-time insights finance needs to strategize with speed and agility. 
  3. Pairs the flexibility and familiarity of your spreadsheets with the control and power of enterprise software. 
  4. Implements quickly. Cube gets you up and running in days, not months, which means faster time to value at a lower cost.
  5. Connects with any source system, any browser, and any sheet in moments, so you don’t have to change how you work. 
  6. Access to an award-winning customer team with deep FP&A experience. 

2. Workday Adaptive Planning

Enterprise solutions for planning, modeling, budgeting, and forecasting for financial, labor, and sales needs are offered by Workday Adaptive Planning, formerly known as Adaptive Insights. Without the use of spreadsheets or outdated solutions, their technologies seek to foster collaboration across the organization.

For large businesses, Workday Adaptive Planning for Finance offers financial planning and analytics. They also add modeling, teamwork, analytics, management reporting, board reporting, scenario planning, and financial consolidation features to their FP&A system.

3. Anaplan

Complex scenario planning, intelligent forecasting, and quicker decision-making are all facilitated by Anaplan. Their corporate-wide solutions link strategy to results while also linking accountability to a single source of truth.

In order to integrate people, data, and plans across the organization and make the best decisions, Anaplan especially offers FP&A solutions. The solution consists of planning, budgeting, and forecasting, as well as specialist finance planning, operational planning, and planning for financial and operational planning, all of which promote better and quicker decision-making.

4. Planful

A cloud-based FP&A software platform from Planful delivers reporting, consolidation, and structured and dynamic planning. The Planful platform raises the financial dialogue and supports quicker, more certain, and more strategic decision-making.

Planful provides solutions for managing cash flow, employee reporting, financial reporting, annual operations planning, monthly close and consolidation, and multi-dimensional analysis for the finance industry. Early in 2020, the business changed its name from Host Analytics to better target mid-market clients.

5. Vena

Vena provides a comprehensive planning platform with ready-made solutions to automate time-consuming operations that connects people, processes, and systems. Financial planning and analysis, reporting, compliance reporting, and financial closing are examples of specific competencies. Vena provides FP&A software that is “pre-configured” for a prescriptive approach and can be altered to suit particular requirements.

6. Prophix

By automating routine processes, Prophix’s Corporate Performance Management (CPM) solution aims to increase profitability and reduce risk. With cloud or on-premise solution options, their technologies assist Finance in automatically budgeting, planning, consolidating, and reporting.

7. Jira

Jirav is a cloud-based financial planning and analysis tool that frees accounting and finance teams from the use of antiquated, error-prone spreadsheets for budgeting and forecasting. You can track, forecast, and share the data that matters most to your organization since it is totally configurable.

8. DataRails

Analytics is what DataRails does for the financial sector. Their financial analytics platform was created to give finance professionals the tools they need to easily gather, report, and analyze data. DataRails automates the data collection from each of your organizational systems and spreadsheets, resulting in the creation of a consolidated database of all your numbers without requiring you to alter the way you work.

9. Centage

With the help of Centage’s Planning Maestro, FP&A can make choices more swiftly and intelligently, respond to market changes rapidly, take prudent risks, and seize new possibilities. You may use the tool to create flexible, driver-based strategies, predict likely financial performance, monitor outcomes, and distribute vital information throughout the company.

10. OnPlan

With the help of the financial modeling software OnPlan, you can interact with your FP&A team to forecast, budget, and perform benchmarking with improved visibility and transparency. You provide OnPlan your current spreadsheet models, and they create a model just for you with useful dashboards, charts, graphs, and more.

What is Financial Forecasting?

Making financial projections in order to forecast and estimate your organization’s short- and long-term financial performance is known as financial forecasting. Organizations all across the world use forecasting as the cornerstone of finance and FP&A and as the basis for decision-making. FP&A often collaborates with the executive team and the rest of the company to acquire information, identify market trends and movements, and eventually produce predictions.

Forecasting in the past has frequently been based on past performance, present performance and trajectory, and projections of future market, competition, and internal performance, strategy, and execution. FP&A analyzes this data to forecast future cash flows, expenditures, revenues, profits, and other financial variables.

How are Financial Forecasts Used?

Forecasts are essential for internal financial modeling, financial planning, budgeting, hiring and personnel, capital expenditures, strategy development, and overall organizational execution.

The CEO, CFO, and other executives can decide to increase budgets in various areas of the company to take advantage of the predicted strong growth in earnings, for instance.

Business leaders might also prepare to depart or reduce investments in some markets or products if FP&A expects slow growth or contractions in certain areas.

The CEO and CFO also utilize financial forecasts externally to communicate with creditors and investors, create reports and projections, and determine broader financial criteria like company valuation, objectives, bonuses, and more.

Budgeting Tools for Young Adults

Money Under 30

Money Under 30 is a highly important online resource, especially for young individuals, as it covers a wide range of practical financial problems. Money Under 30 cuts through the clutter of more complex subjects you might not be interested in just now and gives straightforward, educational, and approachable content.

Do you require assistance in submitting your income taxes? You may read an article at Money Under 30.

You have a few thousand dollars to invest, but where should you begin? That is where Money Under 30 can help.

You won’t feel patronized or out of your depth after reading Money Under 30. It’s an excellent starting point for learning the fundamentals of financial planning, money management, and investment.

Gen Y Planning

When you’re a young adult, it could be necessary to look outside your parents for a financial counselor who can relate to you, your lifestyle, and your objectives and aspirations. lover of karaoke and fine food Sophia Bera, the founder of Gen Y Planning, is a young adult who strives to offer her peers the finest counsel and direction possible. Check out this list for more millennial and young adult financial planners.

Start Planning for Retirement

Retirement seems like a distant goal while you’re in your twenties, if you really consider it at all. Even if you don’t know what the coming week may hold, starting to save with your very first paycheck is a terrific approach to start making plans for the future. If your employer offers a 401(k) plan, sign up as soon as you can and make the maximum contribution, particularly if your employer matches contributions. You might have to forgo a few lunches or expensive bottles of wine each month, but in the long run, you’ll be extremely happy you did.

Wally: Track Expenses as You Go

Planning and budgeting need knowing where your money goes each month, especially if you are paid for costs associated with your job. Making a spreadsheet to plan your spending is fine, but seeing what you actually spend can serve as a wake-up call and inspire you to be more aware of your wasteful expenditures (those lattes add up). An app called Wally makes it simple to see how much money you spend each day. With Wally, you can do a lot of things, such log costs and take pictures of your receipts.

You Need A Budget

It’s time to begin preparing a little more carefully after you have a better understanding of where your money is going. An app called You Need A Budget makes creating and maintaining a budget simple, if not effortless. You Need A Budget is able to assist with:

  • Planning expenses
  • Planning savings
  • Adjusting your goals
  • Understanding the potential results

Home Budget for Families

Couples and young families just starting their lives together as adults have many financial worries. Of course, daily expenses are always a priority, but thinking ahead to their children’s futures gives them a new perspective on money. A collaborative software called Home Budget enables everyone concerned to contribute to the planning, assessment, and budgeting of family funds. Home Budget is an excellent platform for those who want hands-on experience and want to be very proactive in their planning because it has many possibilities for tailoring the program to your own needs.


Evaluating and budgeting for software reviews can be a complex process, but it is important to make sure that you are getting the best possible results. By taking some time to evaluate your product and understand what you need to budget for, you should be able to get a good estimate of how much money you will need to raise in order to deliver on your promises.

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