Financial Well-Being Blog

Man Using Budgeting App on Phone to Achieve Financial Goals
May 29, 2024

The 5 Best Free Budgeting Apps to Replace Mint

Money Management

Managing your money can feel overwhelming, but with the right tools, it becomes much easier. A key step is creating a budget you can stick to. Whether you’re new to budgeting or a seasoned pro, these top free budgeting apps are sure to modernize the way you manage your money. With so many effective free options available, there isn’t a need to pay for one. Explore these top free budgeting apps1 to assist with tracking your spending and achieving your financial goals.

Top Free Budgeting Apps

NerdWallet

NerdWallet is known for their comparison tools for financial products such as credit cards, checking accounts, mortgages, and other loans. The NerdWallet app is completely free and provides a comprehensive view of your finances. It tracks your net worth, cash flow, credit score, credit report and home value.

EveryDollar

EveryDollar was created by Dave Ramsey Solutions. The EveryDollar app promises when you have a plan for your money, you can spend and save with confidence and say goodbye to feeling overwhelmed. EveryDollar also offers a paid version that allows you to sync to your financial accounts and automatically track your spending by category.

Empower Personal Dashboard

Formerly known as Personal Capital, Empower Personal Dashboard allows you to organize your spending and savings automatically by date, category or merchant from all accounts. You can set a monthly spending target and easily see if you’re tracking over or under your plan. The budget tool makes it easy to change your monthly budget as your lifestyle changes.

Rocket Money

Rocket Money can help you track your spending habits, identify ways to save money and get a better handle on your personal finances. The free version of the app allows you to link your financial accounts, set balance alerts, manage subscriptions and track spending.

Credit Karma

If you used the Mint app, your data will automatically be transferred to Credit Karma once you log in or register for Credit Karma. Credit Karma’s app gives you advice to help you improve your credit score. It also gives suggestions to help your financial progress towards paying down credit card debt, car debt and lists factors that can affect your home-buying power. The app also sends you resources based on your personal information about government stimulus programs, unemployment benefits, debt relief opportunities and loan options you may qualify for.

 

Top Free Budgeting Apps at a Glance

App Cost Syncs with Bank Accounts? Why It Stands Out
NerdWallet Free Yes
EveryDollar Free and Paid Options Yes (Paid Option Only)
  • Can create your own custom categories
  • Paid option lets you sync your bank accounts and plan which bills get paid by which paycheck
Empower Personal Dashboard Free Yes
  • Great for net worth tracking
  • Allows you to manage all your accounts in one place
Rocket Money Free and Paid Options Yes
  • Paid option has a feature that assists with cancelling unwanted subscriptions
  • Chat with an expert
Credit Karma Free Yes
  • Allows Mint users to import transaction history
  • Gives detailed guidance on how to improve your credit score

 

Take Charge of Your Financial Future

Each of these apps offers unique features that cater to different aspects of budgeting. Whether you're looking for a comprehensive financial overview, a simple budgeting tool, or specific advice on improving your credit score, there's a free app to fit your needs.

 

If you would like personalized guidance on managing your budget, meet with one of our Financial Well-Being Coaches. They will help you with creating a budget, managing debt, building credit or buying a home. No matter where you are in your financial journey, our team of experts is here to help you achieve financial peace of mind.

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About the Author
Jeremy Davis

Financial Well-Being Coach

Jeremy Davis joined CommunityAmerica in 2022 and currently serves as a Financial Well-Being Coach at the Hickman Mills Community Access Center.