Saving more money is a goal we all want to achieve. Sadly, most of us fail to do so miserably. In order to ensure that you do not compromise your financial aspirations, a well-planned monthly budget is essential. Thanks to personal budgeting apps, people are learning to curb overspending and even save.

Today’s market offers apps for almost everything aspect of budgeting, on shopping, rent, food, and more. Here are the ways in which personal budgeting apps can help you manage your spending:

1. Track your spending

A personal budget app, like Mint, has special features that help you to keep track of every aspect of your total monthly spending. Mint is a free app developed by Android, and offers automated updates regarding all of your transactions, and a detailed record of your total spending in a given month.

2. Simplify bill payments

If you are confused while deciding on the ways to simplify the process of saving, then choose an app that can divide the spending into smaller digits. Pocketguard is one such app that divides your spending into different sections (i.e., spending on food, clothing, or shopping) to easily show you where your spending and what’s left in your wallet.

3. Suggestion for Improving Financial Health

Albert is an effective app for creating a monthly budget based on your monthly income as well as your spending habits. This app even provides guidance regarding investments if you’re attempting to save for school, a home, or retirement.

4. Pay down debt

If you want an app that helps you pay down debt, then Acorns is the app for you. This application attempts to fix your budget while promoting savings. Wally is another app that helps keep track of monthly expenses. While the Digit mobile app goes the extra mile in analyzing your income and spending patterns, automatically showing you how you can curb spending and put a few extra dollars in your savings account each month!