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Best Budget Apps for iPhone 5

July 14th, 2014 - 2:22 PM

Looking for the best budget app out there?

John Maxwell once said, “A budget is telling your money where to go instead of wondering where it went.” If you’re ready to get your finances on the right track, downloading a budgeting app to your iPhone 5 is something to consider. But there are plenty of budget apps to choose from —how do you know which ones are the best? That’s what we’ll help you figure out.

The best budget apps for the iPhone

Helpful Tip: Before you download any of the apps below, try out the “lite” or free version (if available) first. This way, you can test out each app and see which one fits your lifestyle best.


Mint is one of the most popular budget apps for the iPhone 5, and for good reason. You can do so much with this app – track, budget, set goals, and manage all your financials in one place. Just add your accounts (bank, credit cards, loans, retirement, investments) and then Mint will automatically update them. Mint will also categorize your transactions, let you to set budgets, show your spending habits, and even send you alerts if you go over budget. And to top it off, you get all of these great services for FREE (plus access to the Mint.com web version).

Mint - Budget App

You Need a Budget (YNAB)

If motivation to achieve financial discipline is what you want, the You Need a Budget app is what you need. For just $60 (required for running the app), you can follow the YNAB technique and start changing your outlook on how to manage your finances. The developers behind the app have one goal in mind: to help you break the paycheck to paycheck cycle, get out of debt faster, and save more money.

You Need a Budget_0.jpg

Goodbudget (formerly Easy Envelope Budget Aid)

If you’ve heard of the envelope system but you aren’t quite sure what it’s all about, Goodbudget is a great digital solution. This free app ($45/year for the Plus package) takes the envelope system approach, but without using real envelopes. Divide your money into different “envelopes” within the app for different categories, then spend only from those envelopes. By doing this, you’ll focus on how you plan to spend, rather than how much you’re spending. Goodbudget also allows you to sync your budget across multiple devices, so each person using the envelopes knows how much is left to spend.

The Goodbudget app works off the envelope system, but digitally.



With a standout user interface, including bright colors and custom buttons, Spendee is an app that not only helps you budget, but makes you actually want to use it because it’s so inviting. If you primarily use cash as a form of payment, Spendee will work well for you. This app doesn’t link to your financial accounts, which is a perk for those who aren’t comfortable sharing access to their financial info with an app. Enter each transaction separately and categorize it accordingly. You can even tell it to repeat recurring expenses (like the electric bill) each month.

Spendee is a beautiful budget app that lets you budget easily.


This app provides an easy way to manage your money. You tell HelloWallet what you want to work on (budgeting, saving, etc.), and they give you the advice on how to do it. The creators of the app are proud to be 100% independent from banks, meaning that their guidance is unbiased and that your data isn’t for sale. They use bank-level security to keep your info safe, and for $100/year, you can have access to the app and the financial planners that will help you reach your goals. You can even view your Wellness Score to see how you’re doing as you save and plan.

Tell HelloWallet your goals, and they will help you get there by budgeting.

Think we left out one of the best budget apps for the iPhone 5?

Let us know in the comments if you have one to add to our list!