Top Budget Apps for 2021 for Canadian Savers and Investors

Quick Links

1. Questions to Ask When Choosing an App
2. The Number One Choice for the Reluctant Saver – Moka 360
3. Mint by Intuit – For the Budgeter Who Wants to Do Everything Online
4. Spendee – Learn How to Spend More Wisely
5. You Need a Budget (YNAB) – Plan for Unanticipated and Future Expenses
6. Wally – Make It Easy to Record Receipts and Travel Expenses
7. Expensify – Check Your Travel Spending Conveniently in One Place

One of the key resolutions to make for 2021 should include changing how you spend, save, and invest, especially since you have several budget apps from which to choose. The following information provides further details about the top budget apps for 2021.

Questions to Ask When Choosing an App

When choosing a budgeting app, you need to consider the following:

• What can I cut out of my budget and save?
• What key areas do I want to focus on? For example, savings areas might include retirement investments, educational savings, emergency funds, stock accounts, or CDs.

• How much can I really afford to spend?
• How much can I save?

Giving some thought to your spending and savings habits and goals will make using an app all that much more profitable.

The Number One Choice for the Reluctant Saver – Moka 360

This user-friendly budget app makes it easy for you to get into the habit of saving and achieving your financial goals quickly. What is great about Moka is that it rounds up your purchases so you can invest the difference in savings or investments. If you do not want to make major changes in spending, this is one app you will appreciate.

This how Moka 360 works 

• You decide the amount for your round-ups.
• Work with a registered portfolio manager to decide how to invest the savings. This will be based on your financial goals.
• Moka 360 will help you achieve your savings goals for retirement, traveling, and short-term and long-term investments.

Other Perks

What Else You Get with the Financial App –

• Get financial advice.
• Consolidate bills.
• Receive double-back cash back perks when shopping.

Another savings bonus – Moka only costs $15.00 per month. Get a $360 refund if you don’t save what you pay in the first year using the app.

Mint by Intuit – For the Budgeter Who Wants to Do Everything Online

This budget app is a favorite in the budgeting app marketplace, as you can really connect with your savings goals while taking advantage of several financial features. For example, Mint will link you to your bank accounts and monitor your deposits and withdrawals. You can also do the following –

• Get a quick glance of your personal financial pie chart on Mint’s landing page to check on your weekly payouts.
• Pay bills online directly through Mint.

• Enable notifications so you are alerted about low account balances or upcoming payments.
• Check your real-time credit score.

The app is totally free, so if you want to ensure better spending and saving overall, you can start using the app right away.

Spendee – Learn How to Spend More Wisely

This expense tracking app will help you cut what you are paying for daily, weekly, and monthly expenses, thereby giving you the incentive to stick to a budget. You can enjoy the following features when you use the Spendee app –

• Enter transactions, syncing them to your credit card or online bank accounts.

• Check the different categories for your expenses.

• See how much you are spending in different currencies – helpful if you travel a great deal.

For anyone who wants to see how much they are spending so they can cut corners, Spendee is a good app to have.

You Need a Budget (YNAB) – Plan for Unanticipated and Future Expenses

This app makes you see how to allocate your money to optimize spending and saving. It does this by offering you the ability to do the following –

• Revamp your budget so you can deal with an unanticipated expense; and
• Find out how to get back on track if you veer off the financial course you’ve planned.

YNAB even prevents you from spending money that you don’t have. Therefore, it is designed to give someone with a tendency to overspend a solution for establishing and following a weekly or monthly budget. The app can also set up budgets for specific projects or planned events. If you need to experience more discipline when it comes to budget, YNAB is worth the small monthly fee.

Wally – Make It Easy to Record Receipts and Travel Expenses

Do you like to organize things but would rather leave the annual input of data or number crunching to someone else? If so, you should make Wally your budget app. This app features some amenities too hard to ignore, such as the following:

• You can make a photo recording of your receipts to enter into the app.
• If you are traveling, the app will track your travel information from the geo location on your smartphone.

Wally, which is free, allows you to see the bigger picture of how and where you are spending your money. If you want to be more cognizant about your spending habits or see where your cash is going, Wally will prove to be a good savings companion.

Expensify – Check Your Travel Spending Conveniently in One Place

If you want to consolidate all your spending and saving in one place, then you will like the Expensify app. This app gives you everything you need to budget your money and monitor your expenses. Here are some of the features –

• The app easily receives receipts so you can fill out and manage expense reports. The SmartScan feature on the app makes this simple to do.
• The app consolidates flight and travel notices for business travelers.

• Mileage can be easily tracked, so it can be recorded for deductions.
• Currency can be converted using the app as well.

You can also upload all your expense details to your account on the web so it is saved in one location. This is a great app to have if you need to track business and travel expenses, and account for them when you file your taxes.

You can choose from one of various budget apps, depending on your lifestyle and current needs with respect to expense tracking and spending. Connect these apps with your loan payments and credit card charges so you can increase your credit score by making your payments on time.

Whether you want to improve your credit score, save money, or organize your expenses, you can find just the right app to support you spending and savings needs.
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