Budgeting apps promise to make it easier to track spending, manage bills and pay down debt.
Financial experts say the best tool is the one people will use.
“I am really interested in the AI financing and budgeting apps,” said Jerry Xia.
What budgeting apps do
Budgeting apps can track spending, monitor bills, set category limits, and manage subscriptions. Some also help users build savings and reduce debt.
“There are tools out there that you can enter things yourself and it will track right on there,” said Bob Ingram, a certified financial planner with Center for Financial Planning Inc. “There are also tools that we can connect right to our bank accounts, right to credit cards and statements.”
Choosing the right app
A search for budgeting apps turns up dozens of options, including Rocket Money, EveryDollar, Albert and Monarch Money.
“It depends on what you are looking for. Do…
