Top 5 best budgeting apps to manage your finances with ease

The cost of living in South Africa has increased exponentially, therefore, managing your finances has become a critical component to successfully run any household. The rise of budgeting apps has made keeping track of your income and expenses a lot easier. With the advancement of technology, there are so many options to choose from, however, we have narrowed it down to the top 5 budgeting apps for South Africans to use in 2024.

1. 22Seven:

Overview: 22Seven is a popular budgeting app in South Africa that allows users to track their spending, set savings goals, and manage their investments all in one place.
Key Features: It offers automatic categorization of transactions, personalised budgeting tools, and insights into your spending habits.
Cost: Free to use with optional paid features.

2. Nedbank Money:

Overview: Nedbank Money is a comprehensive financial management app that allows users to budget, save, and invest with ease.
Key Features: It offers budgeting tools, expense tracking, goal setting, and investment management, all within a user-friendly interface.
Cost: Free to Nedbank customers.

3. Wallet:

Overview: Wallet is a popular budgeting app that offers users a comprehensive overview of their finances, including expenses, income, and financial goals.
Key Features: It allows users to track expenses, create budgets, and set financial goals. It also offers bill tracking and reminders to help users stay on top of their finances.
Cost: Free to use with optional paid features.

4. Moneysmart:

Overview: Moneysmart is a budgeting app that helps users track their spending, set savings goals, and manage their finances more effectively.
Key Features: It offers expense tracking, budgeting tools, and personalised financial advice to help users make smarter financial decisions.
Cost: Free to use with optional paid features.

5. Goodbudget:

Overview: Goodbudget is a budgeting app based on the envelope system, which allows users to allocate funds to different spending categories.
Key Features: It offers expense tracking, budgeting tools, and real-time syncing across multiple devices. Users can also share their budget with family members or housemates.
Cost: Free to use with optional paid features.

With the help of these budgeting apps, South Africans can take control of their finances and achieve their financial goals in 2024. Whether you’re looking to track your spending, set savings goals, or manage your investments, there’s a budgeting app out there to suit your needs.