5 Budgeting Software Programs You’ll Love

by John on July 17, 2013

Looking for some great budgeting software programs? Look no further. Whether you are wanting to manage your personal finances or business finances, there’s a budget program here for you. Consider each of these carefully before you make your selection however, as each have their strengths and weaknesses.

1. Mint

Mint is by far one of the most popular personal finances applications around. Because it is web-based, you can easily view your budget from any available computer. In addition, you can view your budget and financial accounts in the palm of your hand with their Mint smartphone app.

One major advantage of Mint is that it goes beyond budgeting basics and recommends products and services that improve your interest rates and keep your financial life in order. With Mint, you can even add your home and other assets and view their value over time. Pretty comprehensive, right?

2. YNAB (You Need a Budget)

YNAB is unique because it allows you to budget based on four simple rules:

  • Give every dollar a job.
  • Save for a rainy day.
  • Roll with the punches.
  • Live on last month’s income.
The YNAB software is truly built around these four rules, and allows you to use the zero-based budgeting method which encourages you to spend everything you earn (you can “spend” some money towards saving or investing too) before the month begins. YNAB is a downloadable program designed for both Windows and Mac computers.

3. MoneyWell

MoneyWell brings envelope budgeting into the 21st century. Using “buckets” instead of envelopes, MoneyWell can automatically import your financial transactions and allows you to assign buckets (budgeting categories) to each transaction. When a bucket tips over, it is empty, and you should no longer spend money related to that category!


MoneyWell’s prioritized spending plan allows you to budget your income before you even receive it. When it’s time to fill your buckets, it’s as simple as a click, and you have all of your earned income allocated for the next time period based on what’s most important. Whether you budget on a month by month basis, or a paycheck by paycheck basis, MoneyWell is flexible enough to handle your needs.

4. Wave Accounting

Own a business? Ever wanted one program to manage both your business and personal finances? Wave Accounting does just that. Wave Accounting is a web-based program that allows you to add every financial account you own and keeps track of money flowing between your personal accounts and your business accounts.

Pay yourself from your business accounts by transferring money electronically? No problem, Wave Accounting can handle that. The user interface is so simple to navigate, no manual is required. Give it a shot!

5. Mvelopes

Mvelopes is a web-based budgeting program similar to MoneyWell in that you use a “virtual” envelope system. The premier version of Mvelopes offers full-featured online bill pay – a nice way to stop having to write checks!

Another unique thing about Mvelopes is the ability to track your net worth. You can monitor your checking, savings, credit card, 401(k), IRA, mutual funds, stocks, and even your mortgage and auto loans – all automatically!

You can start using Mvelopes for free and decide later if you want to upgrade to the paid version.

Start Your Budget

Before you buy software, commit to a solid budgeting plan. Learn how to make a simple budget and stick with it! Software is useless unless you learn the basics of budgeting.

Once you’ve learned how to make your budget, you’re ready to buy and download your budgeting software. Take your time; the last thing you want is budgeting software that doesn’t fit your financial situation. Visit some of the websites linked to above and find a program that will benefit you the most. Now go save some money and start your budget!

Do you have a favorite budgeting program? Tell us about it in the comments!

Originally published on Faith and Finance on September 10th, 2012.

{ 6 comments… read them below or add one }

Jason Clayton | frugal habits September 11, 2012

I combine both my excel spreadsheet and use Mint sparingly. I have goals to use it more efficiently as I know it is amazing.

Reply

Amit Barns September 17, 2012

Strongly recommend to complement any finance app with some sort finance calculator, like Numeric Notes (http://itunes.apple.com/kz/app/numeric-notes/id464069442?l=ru&ls=1&mt=12). Then money tracking becomes cool.

Reply

Finance Fox September 23, 2012

Hi John, i am putting all those you listed above on a test and then decide which of them works conveniently and great for me. Thanks for posting this one.

Reply

Mike Annis October 9, 2012

Great article. I featured it on the Frugal News Review podcast episode 11.

Reply

Alice@PaydayLoans@ January 10, 2013

Well, I think that these days it’s impossible to save money only if you are really lazy and do not want to save. Because there’s a variety of ways and tools which allow to save cash and are easy to use. It’s great that even if you do not know where to start from these programs will give you a good advice. I think that saving and budgeting is interesting and it’s great when you notice first results. The most important to understand that frugal lifestyle and help you to save lots of money and feel financially independent.

Reply

Lisa E. @ Lisa Vs. The Loans July 18, 2013

Have you heard of Personal Capital? A few PF bloggers have been raving about it lately and I’m not sure if I should take the plunge.

Reply

Leave a Comment

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: