Best Free and Paid Budgeting Apps Review | Logical Finance

Description: This video is a comprehensive review of 18 different budgeting apps, providing insights into their features, usability, and overall effectiveness. The speaker, a financial expert, shares his experiences with each app, offering viewers a clear understanding of which app might be best suited for their personal financial needs.

Here are the key insights from the video:

1. Personal Capital (0:30 – 1:30)

   • Personal Capital is a comprehensive financial app that links all your accounts together, providing a holistic view of your financial situation.
   • It’s great for tracking spending levels and ensuring you’re on track with your budget.
   • The app is free, but they will advertise their advisory services to you.

2. Truebill (1:31 – 2:30)

   • Truebill is a full-service app that goes beyond budgeting, offering services like bill negotiation and credit tracking.
   • It can cancel subscriptions for you and even negotiate your bills, but they charge 40% of whatever they save you.
   • The free version is limited, and you’ll likely need to upgrade to the premium version, which starts at $3 per month.

3. Mint (2:31 – 3:15)

   • Mint is a robust app similar to Personal Capital, but it allows for future month budgeting and manual transaction entries.
   • It’s free and supported by non-intrusive ads.

4. You Need A Budget (YNAB) (3:16 – 4:30)

   • YNAB is a popular app that uses the envelope method for budgeting.
   • It requires a subscription, costing $12 per month or $84 per year.
   • It has a unique feature called “aging your money,” which encourages you to increase the time between when you earn money and when you spend it.

Remember, the best budgeting app for you depends on your specific needs and how you plan to use the app. It’s worth trying out a few different ones to see which you prefer. Enjoy!

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