Rubi-Review: Top Five Budgeting Apps

Rubicoin’s mission is to get millions of people investing successfully. But what if you can’t put any money aside to invest in the first place? In this Rubi-Review, we look at the best budgeting apps out there.

Here at Rubicoin, our mission is to get millions of people investing successfully. But we live in the real world, and know that some of you might have lives beyond investing (shock—horror).

Our apps help you with the investing side of things. But that doesn’t stop us from taking a look at some of the other apps on the market that can help you out with different financial concerns.

Budgeting Apps

A lot of people can find it almost impossible to put away a little bit in savings every month. We’ve already written about how our One Percent Investment Strategy can help you to grow your wealth in the long run, but what if you struggle to even put that 1% aside in the first place?

Unless you’re in the same league as Warren Buffett and Bill Gates, budgeting is pretty much an inescapable fact of life. Thankfully, it’s no longer the hair-tearing humdrum of trawling through balance sheets and crumpled receipts though.

In fact, in those rare moments when you’re not using it to catch Pokemon, you can even use your smartphone to set up an easy-to-track budget that will help you to manage your expenses.

We’ve compiled a list of the best budgeting apps that we could find available that will help you to keep track of your finances. And if you have some extra cash left at the end of each month, that’s all the more money for investing!

1. PocketGuard


(Available for both iOS and Android; Free Download)

The PocketGuard budget app is one of the safest and most user-friendly budgeting apps out there.

Linking up to the user’s bank account, PocketGuard requires a minimum level of tedious data input. It establishes a read-only connection to your account, which means that nobody—not even you—can move money in your bank account from the app.

One of PocketGuard’s main strengths lies in its predictive intelligence. Using smart forecasting technology and analytical algorithms, the app can pinpoint recurrent payments and bills to automatically calculate how much you have available to spend each month. Other boring things like bill reminders and due dates are also completely automated within the app, again reducing the information input required from you.

PocketGuard is only available for US audiences at the moment, but it is expected to expand into wider markets in the near future.

2. Wally


(Available for both iOS and Android; Free Download)

Looks aren’t everything—but when it comes to something as tedious as budgeting, it certainly helps to look at something pretty!

Wally is a personal finance app that caters for the user’s experience first and foremost. This is for people who hate the sight of an Excel spreadsheet and scoff at the primitive pen and paper. Although it’s jammed packed with different features, it retains a clutter-free screen that makes the whole process a lot less stressful.

Perfectly suited for keeping track of business expenses in particular, Wally gives users the option of either manually entering receipt details or uploading photos of the receipts with a feature called ‘InstaScan’. This will take a snap of the receipt, scan it for necessary information, and then log the expense—perfect for those constantly on the move.

These purchases are divided up into different categories, making them easy to navigate. All of this information is then collated into an attractive infographic that details all the specifics of your spending beautifully.

Wally also includes an optional locational tool for expenses that are recorded, offering greater detail for your records.

Who said budgeting was boring??

3. Spendee


(Available for iOS and Android; Free Download, Premium Service – $1.99 p/m)

Perhaps not a budgeting app in the strictest sense of the word, Spendee is still one of the most interactive and visual ways to track expenses and keep an eye on your finances. With a frictionless interface, Spendee helps you tackle that core budgeting problem—where exactly are you spending your money?

Debit and credit card transactions are tracked in the app, helping the user to identify little expenses that can become big dents in their bank account. This gives you a beautiful view of the main culprits that are draining your account, allowing you to alter your spending accordingly in the future.

The user creates different wallets to keep an eye on the different expenses that are coming out of their account. There is also the unique option of creating shared wallets with family and friends in the premium version, meaning that you can pull together with your nearest and dearest to save for that dream holiday!

4. Mint


(Available for iOS and Android; Free Download)

Mint is a budgeting app created by Intuit Inc—a company featured in Rubicoin’s Invest Showroom and the same people who created TurboTax.

Because of this, there’s already a certain level of trust implicit with this app. And given the authoritative weight of the developers behind Mint, the fact that it’s free makes it almost too good to pass up on.

Linking up with your bank account like many of the other apps, Mint will analyze your spending habits and red-flag certain transactions that it believes are having a negative effect on your budgeting goals. The app can also act like that responsible friend a lot of us wish we had—offering personalized tips to the user about how they could save that extra little bit by changing their spending habits.

One of the most popular aspects of Mint’s service is the free credit score it will give you based on the financial information it receives from your accounts and activities. This really helps you to get a good overall sense of your current financial situation, and could act as a goal as you aim to become more financially stable.

5. You Need A Budget


(Available for iOS and Android; Free 34-Day Trial, then $5 p/m or $50 p/a)

If only modern day budgeting was as simple as the envelope system—dividing your money in different envelopes, each to be filled with the amount you had allocated to spend on a specific expense.

The idea is simple, but the logistics of carrying around that many envelopes is a nightmare.

In steps the bluntly-titled You Need A Budget, an app that takes a categorical approach to budgeting funds (without the need for a forest of envelopes).

YNAB takes an almost philosophical approach to budgeting—outlining four simple rules that they believe are crucial to any budgeting plan. Central to this ideology is the notion that every dollar has a job and should be allocated to a specific expense as soon as it is made so you don’t lose sight of this purpose.

This philosophy is translated into the workings of the app, with money being divided up into different categories so you can clearly see what you have available to spend on every expense.

Unfortunately, YNAB is the only one of our apps which isn’t free (save for premium upgrades and in-app purchases), and you’ll have to pay $5 a month or $50 a year to use the app after your free trial.

But the makers of YNAB guarantee that you’ll save on average $3,300 after 9 months using the app. And with an easy to navigate screen and clearly defined budgeting goals, you’ll soon find yourself coming around to the YNAB way of saving!


You’ve seen the best budgeting apps out there, so why not get the best investing app too?
Download Rubicoin’s free Invest app below.

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