Money management does not have to be complicated, and it does not need you to understand financial jargon. Everyone wants to save and opt for better budget management, but one of the main reasons people give up on budgeting is because they cannot seem to keep track of the same.

Software developers and tech companies are frequently coming up with apps and tools that can help you with budget management. Whether you need something that reminds you to pay the bills or simply notifies you if your bank account is falling short of funds, there are some popular budgeting apps that you can use for budget management:

Mint
The budgeting app has been popular for quite some time. The app automatically sends you updates on your expenses and categorizes your transactions in real time. You can also add your own categories, split ATM transactions based on your purchases, set your budget, and track bills. The app sends alerts when you start to top out your budget, and it also creates a free credit score. You can download the app for free on your iOS or Android devices.

Acorns
Although it is not marketed as a budget management app, Acorns is a savings tool that you can use to save money every time you swipe a linked card. It rounds up the transaction to the nearest dollar and sets aside the roundup or spare change as savings. For instance, it will round up your $1.50 purchase on a card to $2 and send 50 cents to an investment portfolio. The app is available for $1, $2, or $3 per month on both iOS and Android phones. Students with a valid .edu email address can use the app for free.

You Need a Budget (YNAB)
It is a paid app that directly imports transactions from your bank accounts. You still need to categorize transactions on your own as the app uses an envelope-based system to help you with the same. The envelope-based system helps in budgeting invoices to manage finances. The app digitally envelopes or segregate an amount from the bank account for your various expenses. You can use the browser-based version or download the YNAB app on your iOS or Android phones for $83.99 a year or $6.99 a month. It offers a 34-day free trial period, but students can use YNAB for free for 12 months.

PocketGuard
A simplified budget management app, PocketGuard helps in tracking your expenses by simply notifying you about your expenses and showing you how much money is left in your account. You can view the amount left for that particular day, week, and month. Like any other app, it helps you track certain categories of spending such as groceries, clothing, entertainment, and eating out. You can download the app for free on your or iOS or Android smartphones.

Albert
It keeps track of all your accounts, providing easy-to-understand recommendations for budget management. The app creates a budget by tracking your bill payment history and spending habits. Based on this, it sets a portion of your funds in your saving account. One of the unique features of the Albert app is that it gives you personalized advice on topics such as investing, debt, or saving for a goal. Albert can be downloaded for free on your iOS or Android phones.