Top Budgeting Apps for Individuals, Startups, and Small Businesses

At the dawn of the New Year, you may be considering developing a budget or seeking a new tool to manage your startup or small business’s budget. Perhaps you’re looking to replace your current budgeting app, or maybe you traditionally use spreadsheets. While spreadsheets are a simple way to manage a budget, it might be worth exploring budgeting apps to save time and effort. We’ve compiled two lists of budgeting apps for individuals and startups. A good budgeting app for individuals can help you save money by creating and sticking to a monthly budget. For startups and small businesses, a budgeting app can help you understand your company’s financial health and make informed decisions.

Goodbudget
Goodbudget is a good option for beginners. It uses the envelope system, ensuring you are never caught off-guard by a bill or sudden expense. The app allows you to set aside money for essentials like groceries and gas and then choose how to use the rest. Goodbudget offers both a free version and a paid version, costing $8 per month.

PocketGuard
PocketGuard is ideal for tracking spending. It shows your spendable money after setting aside enough for bills, goals, and necessities, and lets you set spending limits. The app links your banking, credit cards, loans, and investments to help keep track of account balances and net worth. The paid version is $8 per month.

Honeydue
Honeydue is ideal for couples who want to plan and manage finances together. It syncs to you and your partner’s bank accounts, allowing you to manage expenses and communicate about bills. The app also offers a joint bank account and is free to use.

Empower
Empower allows you to track all your accounts, including bank and credit cards, IRAs, 401(k)s, mortgages, and loans in one place. The service is free to use and helps manage both day-to-day finances and plan for the future.

FreshBooks
FreshBooks is designed for startups and small businesses, offering tools for invoicing, time tracking, bookkeeping, and payments. It connects to your bank account or credit card to track expenses and can integrate with over 100 apps. The service has four pricing tiers, starting at $30 per month.

QuickBooks
QuickBooks provides a full overview of your business’s finances, tracking expenses, income, profitability, taxes, and more. It offers tax preparation features and consultation with experts. The service has three pricing tiers, starting at $30 per month.

Toshl
Toshl offers a reasonably priced budgeting tool, ideal for new startups looking to manage finances for a fraction of the cost of apps marketed toward small businesses. The service has a free version and a paid version that costs $4.99 per month.

Xero
Xero is a budgeting and finance tool for businesses and startups ready for growth. It offers Budget Manager, short-term cash flow, and business snapshots, and features to send invoices, manage expenses, and more. Xero has three paid tiers, starting at $15 per month.

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