Which Software is Best Used to Create a Budget?

Creating a budget is an essential step in managing your finances effectively. With the right tools, you can track your expenses, monitor your income, and make informed financial decisions. In this article, we will explore different software options that can help you create and manage your budget.

9 Simple and Free Budgeting Tools

When it comes to budgeting, you don't have to break the bank buying expensive software. There are many simple and free tools available that can help you get started. Here are some of our top picks:

• Pen and Paper
• Expenses OK
• Envelopes
• Goodbudget
• Spreadsheets
• Worksheets
• Banking Tools and Apps
• MoLO
• SoFi Insights

These tools offer different features and functionalities, so you can choose the one that best suits your needs. Whether you prefer a traditional pen and paper approach or a digital solution, there is a tool that can help you create and manage your budget effectively.

4 Best Free Budgeting Tools of 2024

In addition to the simple and free budgeting tools mentioned above, there are also more advanced options available. CNBC Select has reviewed and recommended the following budgeting tools for 2024:

• Google Sheets
• Empower
• GnuCash
• Spreadsheets, desktop software, and smartphone apps

These tools offer additional features such as account integration, mobile app ratings, and security features. They provide more advanced functionalities for users who require a more comprehensive budgeting solution.

15 Best Business Budgeting Software Tools [2024]

For businesses, budgeting is crucial for financial planning and success. Here are some of the best business budgeting software tools for 2024:

• Cube
• Anaplan
• Vena Solutions
• Oracle Cloud EPM Planning
• Datarails
• Mosaic Tech
• Workday Adaptive Planning
• Prophix
• Centage
• Budgyt
• Planguru
• Float
• OneStream
• Jedox
• Scoro

These tools offer specialized features and functionalities tailored for business budgeting. They can support your company's financial planning and budgeting efforts, helping you make informed decisions and achieve your financial goals.

The 10 Best Budgeting Apps for 2024

If you prefer to manage your budget on the go, budgeting apps can be a great option. Here are the 10 best budgeting apps for 2024:

• YNAB (You Need a Budget)
• Goodbudget
• EveryDollar
• Empower Personal Dashboard
• PocketGuard
• Honeydue

These apps offer various features such as account integration, expense tracking, budget categorization, and more. They are user-approved and can help you stay on top of your finances wherever you are.

The Best Budget Apps for 2024 - NerdWallet

NerdWallet has identified the best budget apps for 2024 based on user reviews and features. Here are their top picks:

• YNAB, for hands-on zero-based budgeting
• Goodbudget, for hands-on envelope budgeting
• EveryDollar, for simple zero-based budgeting
• Empower Personal Dashboard, for tracking wealth and spending
• PocketGuard, for a simplified budgeting snapshot
• Honeydue, for budgeting with a partner

These apps offer different budgeting methods and features, allowing you to choose the one that aligns with your budgeting preferences and goals.

Best Budgeting Apps 2024

There are also other budgeting apps available that offer unique features and functionalities. Here are some of the best budgeting app alternatives for 2024:

• Rocket Money
• Monarch Money
• Quicken Classic
• Quicken Simplifi

These apps cater to specific budgeting needs and preferences, providing tailored solutions for different users.

Conclusion

When it comes to creating a budget, there is no one-size-fits-all solution. The best software to use depends on your personal preferences, financial goals, and budgeting needs. Whether you prefer simple and free tools or more advanced software, there are options available to help you effectively create and manage your budget.

Remember, the key to successful budgeting is consistency and discipline. Choose a software that suits your needs and commit to regularly tracking your expenses and income. With the right tools and a proactive approach, you can take control of your finances and achieve your financial goals.