What's the number one reason why 85 percent of adults in the U.S. stress about money? It's that they don't have enough saved up for a three-month emergency.
There's only one thing that can end the country's overspending epidemic: better budgeting.
While over four in five Americans claim to budget, less than 20 percent of them do so in their heads. Most people need a little extra help to keep their finances in top shape.
Want to start managing your money better ASAP? Read on to learn about the top 3 money saving apps you can download to your phone today!
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Anyone can learn how to create an app these days, but experienced developers know the importance of a simple, easy-to-use UI.
The intuitive nature of this money management app sets it apart from many of its competitors. You won't get lost in PocketGuard, as you're always just a few taps away from finding out the answer to the question “Should I buy that?”
The app not only lets you set spending limits, but it also classifies your bank transactions for you. Plus, it gives you a warning each time you approach a limit.
The basic version of the app is free, while the premium version costs $3.99 per month or $34.99 for an annual membership.
The two most notable features you get access to by upgrading to PocketGuard Plus are the abilities to track cash transactions and make your own categories.
2. Goodbudget Budget Planner
Identifying your bad habits is one of the keys to becoming a boss with your finances.
Not sure about your biggest spending problem areas? Goodbudget's charts help you see where your financial habits are failing you.
Best of all, the app gives you the option to sync budgets with other users. This makes Goodbudget the ideal financial planning app for couples.
With the free version of the app, you get 1 account with 20 categories in total. But paying $5 per month or $45 per year allows you to add as many categories and accounts as you wish.
This user-friendly saving app comes from financial guru Dave Ramsey, whose radio show has over 12 million weekly listeners.
After you open up EveryDollar, the app will ask you about your money goals. From there, it will only take you a few minutes to enter your personal info and put together a detailed budget for your household.
EveryDollar Plus, the premium version of the app, costs $99 per year. That said, aside from premium customer support and bank account syncing, the features you get with the free version are the same as the paid version.
Final Thoughts on the Best Money Saving Apps of 2019
Studies suggest that chronic money stress causes more damage to your body than most other types of stress.
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Downloading one of these apps will help you improve your financial decision-making skills. Over time, you'll be able to stop stressing out about your money situation.
Now that you know what money saving apps are worth your time, want to find out how you can bolster your savings? If so, don't forget to check out our 5 tips from professional savers!