12 Online Budget Tools

A review of 12 great online budgeting tools.

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There are plenty of online budget tools available to help you manage your money and many of them are free! Spending less than you make is the most important habit to develop if your goal is financial freedom. In this post, we’ll take a look at 12 online tools you can use to help gain control of your money. So let’s get to it.

Overview of the 12 Online Budget Tools

Online Budgeting ToolsCostBest For
Personal CapitalFree, with paid options for financial planning accessHolistic view of finances including investments
EmpowerFree for the first 14 days for first-time customers, then $8 per monthBudgeting and Cash Advance
PocketSmithThree tiers: Free, $9.95 per month, $19.95 per monthRunning scenarios to project future balances for planning purposes
YNAB (You Need a Budget)$84/year or $11.99/monthLong-term goals and customer service
MintFreeEasy to understand
PocketGuardPocketGuard Basic: free; PocketGuard Plus: $3.99 per monthGenerating a budget
BuxferFive tiers: Free, Pilot: $1.99 per month, Plus: $3.99 per month, Pro: $4.99 per month, Prime: $9.99 per monthSetting spending limits and tracking your progress
Budget TrackerFreeFamily budgeting, including for children
BudgetPulseFreeSavings goals and social sharing
MoneyStrandsFreeSetting savings goals and seeing if you’re ok to spend
PearBudget$4.95 per monthSpreadsheet-based budgeting based on the envelope system

How Did We Come Up With This List?

We reviewed a number of online budget tools to look for those that offer different features that might make sense for a variety of situations and budgets. Included in this list are free options, as well as paid options. Additionally, we tried to choose different apps that would perform a variety of functions so that you would have a selection to choose from, based on your needs.

Best for holistic view of finances: Personal Capital

Personal Capital is the online tool I use to track everything from budgets to credit cards to investments. I recommend this tool if you have 401(k), IRA or other investments to track. It has a great looking interface; it’s easy to link your accounts, and it gives you some great insight into how you spend your money and how your investments are performing.

Personal Capital is excellent if you need an all-in-one financial dashboard. Since it tracks investments along with budgets, it’s a good option for getting a handle on all your finances. However, its strength is definitely investment tracking over budgeting. You can customize and track your budget, of course. But if you want a more budget-focused tool, check out the next tool on the list.

Visit Personal Capital


Empower is an app that combines budgeting, building up your savings and direct financial assistance. There is a small monthly fee to use the app, but it packs a lot of features and tools that will help you gain complete mastery of your money.

At its core, Empower is a personal finance app. Like other apps on this list, you’ll sync your external financial accounts to the app, to give you a full overview of all that’s happening in your own personal financial universe. You can set weekly or monthly spending limits to help you better manage your money. Empower’s spend tracking will send you helpful alerts to keep your spending down.

Once you've cut your spending, you can put that extra money aside into savings. Empower's AutoSave automatically knows when to save the right amount of money at the right moment in time, with no effort on your part.

Even with the best budgeting tools and good financial practices, there will come times when you need a bit of extra cash to cover a surprise expense.

With Empower Cash Advance, you get advances of up to $250.^ Empower will deliver the advance directly to your account. Best of all, the Cash Advance has no late fees and charges no interest.

When you get your next direct deposit, Empower will deduct the amount it advanced to your account to settle the debt.

Visit Empower or Learn more in our full Empower Review

Best for projecting future balances: Pocketsmith

pocketsmith review

Pocketsmith is cloud-based, making accessibility easy. Connect your bank accounts, investment accounts, loans and credit cards to get a big picture look at your finances including your net worth.

Some stand-out features include forecasting your money by running “what-if” scenarios to project your future balances. You can also create budgets and set-up alerts to let you know if your accounts are running low on funds. While you can’t pay your bills with Pocketsmith, you can schedule due dates in the app’s calendar to help you avoid late payment fees.

There are a couple of different price options including a free version so you can take this app for a spin and see if it'll work for you.

Right now Dough Roller readers can get a Premium monthly subscription for 50% off the first two months. Visit Pocketsmith or Learn more here.

Best for long-term goals and customer service: YNAB (You Need A Budget)

YNAB 5_210X100_

YNAB (You Need A Budget) has a clean and simple interface that functions a lot like a spreadsheet you could create (or perhaps have already created) yourself. Linking your accounts creates automated transaction tracking and helps you set up your budgets so you can see what categories you are spending more in, and where you have extra money. If you overspend in one area during any given month, YNAB allows you to move money from a different budget category to cover the expense. You can also link your credit card accounts, which could be very beneficial if your goal is to pay down debt.

For some, the drawback may be the price (especially considering that there are other free budget apps out there). YNAB charges $11.99/month or $84/year (this option will save you $59). You can cancel at any time. It does have a free intro period of 34 days so you can give it a try and determine for yourself if it’s worth it. YNAB pledges that people save $600 within a month, so you may very well find that it is. If you are serious about getting into financial shape and don’t mind investing some extra money, then YNAB could be very helpful to you. It offers a web app plus apps for iPhone, iPad, Apple Watch, and Android.

Visit YNAB

Best for easy-to-understand snapshot of your finances: Mint

mint _210x100

Mint is one of the first online budgeting tools to automatically download transactions from various sources. It sets up a secure connection to your checking account, credit cards, and other spending sources. Then it pulls in your transactions automatically so that you can categorize and tag them according to your budget.

With Mint, you get a nice graphical interface. This is great when you’re the detailed money-manager in your family, but you just need to show your less-detailed spouse a snapshot of that month’s family spending.

You can create any number of budget categories with Mint, and you can change the budget amounts from month to month. You can also set goals for saving or for paying off debt.

Mint also lets you do some basic investment tracking. But it’s the opposite of Personal Capital. Where the first is more focused on investments with budgeting thrown in, Mint is more focused on budgeting with only a limited amount of investment features.

Personal Capital and Mint are the two giants in this area, especially when it comes to free budgeting tools. But there are definitely some other platforms worth looking into. Below are some options to consider.

Best for generating a budget: PocketGuard

This app-based option is great if one of your issues is knowing what money you have left to spend. It lets you put your bills and savings goals into the app. Then it tracks your spending automatically. At any point, you can see what’s in your pocket. This is the money you have leftover after you’ve paid your bills and put money into savings. That way, you can spend wisely and confidently.

PocketGuard is also great if you don’t want to deal with making your budget. You put in your bills, and it analyzes your spending and savings goals to create a personalized budget for you. You can, of course, make changes to it. But it’s a good place to begin. It will also give you ways you can save, including negotiating on your bills, moving money to high-interest savings accounts, and more.

For a mobile-first approach that makes budgeting simpler, PocketGuard is a great option.

Best for setting spending limits and tracking your progress: Buxfer

This online and app-based option lets you set spending limits in a unique way--weekly, monthly, or yearly. So you might set up monthly limits for grocery spending, weekly limits for eating out, and annual limits for gifts or big-ticket home renovation items. The system can auto-tag transactions as they come and then send you mobile alerts when you exceed a particular budget. It can also remind you about upcoming bills.

Like Mint, Buxfer is budget-first, but also pulls in information about your investments. It also generates some nice-looking reports that help you get a feel for your spending and savings activity over time. And the best part is that it’s free.

Best for family budgeting: Budget Tracker

This free budget tool is a bit more old-school in style. But it does help you schedule out your income and expenses, and its goal is to help you become and stay debt-free. Budget Tracker includes a number of interesting calculators, which can help you crunch numbers and set financial goals.

Budget Tracker is also interesting if you want to help your kids learn to budget. You can give them their own section within your larger family budget to manage their accounts and budgets. You can show them how to add their expenses to their budget when they spend money so they understand how budgeting works. You can track multiple kid’s budgets separately, as well, and each category in the kid’s budget has pictures so they can connect with the categories more easily.

Best for savings goals and social sharing: BudgetPulse

If you’re concerned about the security of integrating your budgeting software with your credit card and checking account, BudgetPulse may be for you. With this software, you get an easy to use interface but have to manually enter your transactions. That can take extra time, but also can make you feel more secure if you’re suspicious of even bank-level encryption.

Best for setting savings goals: MoneyStrands

This is another app-based financial management software. But it’s interesting in that it lets you see your spending and income in a calendar-based view. And you can see your spending in broad categories over the whole course of a year. MoneyStrands lets you keep track of your cash flow, as well, so you can spot potential trouble spots of low cash reserves before they happen and be prepared.

MoneyStrands also lets you set savings goals and budgets. And it will give you an okay to spend amount so that you know when and how much money you can spend without potentially breaking your budget or overdrawing your account because of a bill you forgot about.

Best for spreadsheet-based budgeting based on the envelope system: PearBudget

This budgeting tool is great for people who are new to budgeting or just overwhelmed by it all. The spreadsheet-based budget lets you customize all of your category names. It uses the envelopes system of budgeting. When you run out of money in a category, you just stop spending. And it’s got an interface that’s really easy to understand.

PearBudget costs just $4.95 per month, and it claims to let you keep your budget up to date in just 20 minutes of work a week.

Related: Best Finance Apps for Every Budget

Other Options - Free Excel and Sheets Budget Templates

If you prefer spreadsheets over online software, there are several free budget templates available from Microsoft and Google Sheets. A quick Google search of budgeting templates for your preferred interface will turn up tons that you can use to keep your budget in shape over time.

With all these free and low-cost budgeting tools available, there’s no reason not to be tracking your income and spending, setting savings goals, and even keeping tabs on your investments from your computer or phone.

Related: Best Expense Tracker Apps


What does a personal budget software app do?

Personal budgeting software is designed to help you track your income and expenses. Some budget tools will allow you to connect to your bank, credit card and investment accounts in order to automatically populate the information. Other tools require you to manually enter your information. With a personal budget software app, you can keep track of your expenses, spot trends and identify places where you can improve.

What should every budget include?

When creating a budget, it’s important to include the items that you’re most likely to spend on. First of all, your budget should account for your income, including when you’re paid. You should then figure out what recurring expenses you have, including:

  • Housing
  • Utilities
  • Transportation (including your car payment)
  • Food
  • Savings
  • Retirement
  • Entertainment
  • Childcare

It’s also a good idea to consider one time expenses, as well as unexpected expenses. Consider creating a budget that allows you to plan ahead, just in case you have emergency needs like a car repair or some other issue.

How to start budgeting for the first time?

The easiest way to start budgeting for the first time is to take a look at your last two to three months’ worth of bank statements to get a feel for your income and expenses. You should have a rough idea of what money is coming in and where it’s going. You can also use a free budgeting app like Mint that will pull your information and show you where you stand. But the first step to a successful budget is understanding where your money is going.

What’s the 50/30/20 budget rule?

The 50/30/20 budget rule is a framework for helping you figure out how to allocate your budget. In general, the rule suggests that you spend 50% of your after-tax income on needs, and another 30% on wants. The other 20% is meant for saving or paying off debt.

This is a general framework that can be adapted to your individual needs and situation. In some cases, you might tweak the numbers if you want to pay off debt faster and restrict the budget to 20% for wants and use the 30% for paying off debt or saving. You could further break the debt or saving category down to work toward both goals.

Bottom Line

Your budget can help you take control of your finances and make the most of your money. When making a budget, there are a number of online tools that can help you identify patterns in your spending, stay on top of your income and make better choices about your money.

Abby Hayes

Abby Hayes

Abby is a freelance journalist who writes on everything from personal finance to health and wellness. She spends her spare time bargain hunting and meal planning for her family of three. She has a B.A. in English Literature from Indiana University Purdue University Indianapolis, and lives with her husband and children in Indianapolis.

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