Goodbudget is a powerful money manager app for budget planning that embraces the envelope style. It simulates the traditional budgeting method, where each envelope is allocated a specific amount for a purpose. The app organizes money into envelope categories in order to have a clearer view of the expenses then alerts the user if he is spending above his current budget for a certain category.
Mvelopes, like Goodbudget, uses the same envelope style system to track the user’s expenses. However, this app has an added feature that captures receipts from over 14,000 financial institutions and attaches them to the database for every transaction, saving time and avoiding many hassles. Real time budgeting updates are also available when a purchase is made.
3. Pocket Expense
Pocket Expense is a simple but attractive budgeting app for iOS users. This app visualizes spending through color coding and then fast-tracks how much spending is done to come up with better financial decisions. This app also supports multiple accounts, a feature that is ideal for users with more than one bank account.