Many people recognise the importance of financial planning in these difficult economic times. You want to make sure that your resources are put to the best use possible, which means making a spending plan that works for you and helps you plan for the future.

Budgeting software can assist you in taking control of your finances. Fortunately, there are a plethora of free online budgeting tools available. Almost any budgeting need can be met with assistance.

Following is the list of top best and free budgeting tools that one can use to plan their finance:

• Mint
• SavvyMoney
• BudgetPulse
• Buxfer
• Personal Capital
• Moneytrackin’
• My Spending Plan
• BudgetSimple
• MoneyStrands

Mint

This is the revolution-starting online budgeting tool. Mint allows you to link your financial accounts, such as savings, checking, and credit cards.

As it appears in your accounts, your information is automatically updated. In many cases, your spending is automatically assigned to categories. You can also use Mint to create a debt repayment plan and track your progress toward your retirement goals. Visual tools, such as graphs and reports, help you visualise your situation and plot a course.

SavvyMoney

SavvyMoney can assist those looking to take a proactive approach to debt repayment and savings acceleration. The idea is that you begin by gaining a thorough understanding of your current situation. You create a debt repayment plan based on what works best for you after putting together a picture of your current situation. SavvyMoney can assist you in staying on track and tracking your progress. You can even get advice on how to speed up your debt repayment.

BudgetPulse

BudgetPulse is a good option if you’re hesitant to give an online app access to your accounts.

You can track your spending and set goals without giving out your account usernames and passwords. Charts and graphs give you the ability to visualise your money. You can also set financial goals that you can share with your friends and family. The social aspect can help you stay accountable while also allowing your loved ones to contribute to your goals through PayPal or Amazon Payments.

Buxfer

With the help of Buxfer, you can keep track of your spending and upcoming bills. This online budgeting tool is for 20-somethings who want to get their finances under control and get off to a good start. You can use the information to plan your finances by projecting your earnings and savings interest into the future, as what Truebill App does. You can break down your objectives into short- and long-term objectives and work toward them.

Buxfer also aids in the management of group expenses. You can divide bills, figure out who owes what, and even make payments online, making it simple to manage IOUs.

Personal Capital

Personal Capital is an option for those who want to track various aspects of their budget. You can see everything that is going on in your financial life on your financial dashboard. You can see the big picture while working toward your objectives and track your progress.

You can also keep track of your investment portfolio and get objective investment advice. If you’re willing to pay a 1% fee, you can get personalised advice on how to manage your investments.

The regular service, on the other hand, is free, and you can use it to manage your finances & investments.

MoneyTrackin’

It’s easier to spot money leaks and change behaviours once you know where your money is going. Money Tracking allows you to see where your money goes. It also aids in the tracking and division of shared expenses, as well as the creation of shared budgets. Moneytrackin’ also includes accounting tools for small businesses. This software can assist you in keeping track of relevant income and expenses if you run a home business. It’s an excellent tool for managing various aspects of your finances.

My Spending Plan

You can create a budget to help you live more comfortably within your means. Create a plan that will assist you in achieving long-term and short-term objectives, as well as special events and other activities. This programme uses the envelope system to assist you in budgeting. My Spending Plan also sends you emails and alerts, as well as reminders about upcoming bills. You can also customise your settings so that you can see your own big picture. Coupons and promotions are also included in My Spending Plan to help you save money and live within your means.

BudgetSimple

BudgetSimple may be useful if you’re looking for something straightforward and simple. This budgeting tool’s main goal is to assist you in getting out of debt. You keep track of your expenses, pay your bills, and learn how to budget. BudgetSimple has no bells and whistles, but it is one of the simplest budgeting tools available. You can also use charts and visuals to see how far you’ve come. 

MoneyStrands

With the help of moneyStrands, the threads of your financial life come together. This software is capable of extracting financial data from your banking institutions and credit issuers. Create a 12-month budget and use this software to help you stick to it.

Schedule upcoming bills and see what your finances should look like in the future. MoneyStrands is available in a variety of languages, and it allows you to manage your finances in multiple currencies, which is useful for frequent travellers or those who earn a portion of their income from foreign sources.