Best Budgeting Apps in the Philippines 2022

Let’s face it; managing your finances is such a challenging task. Whenever you see attractive payday seals or unplanned gatherings with friends, you can’t stop yourself from spending. Later, you’ll end up wondering where all your money went. 

Fortunately, you are not alone, as most earning individuals experience such financial chaos. Worry not and take a deep breath. As technology advances, you have a chance to get your finances in order using these financial apps today. Therefore, you can still buy your own house and lot in the Philippines if you make the most of these useful applications.

But first, identify the factors to consider in choosing the right app for money management.

Factors to Consider in Choosing the Right Budgeting App

Achieving financial freedom and goals in life takes a lot of self-discipline and control. However, having this kind of attitude is more challenging to endure. But, having a budgeting app is an excellent way to start and will help you overcome these things.  

Check out these five (5) factors in finding the best budgeting app.

1. Device Compatibility

It’s a primary feature, and you must ensure it is compatible with your device. Some budgeting apps are only available for Android phones, while others are for Apple users.

2. Free to Use

It is just right to opt for the best free budgeting app since your goal is to budget your finances. Although paid apps offer more features, it is best to use free download apps.

3. Bank Accounts and Credit Cards Synchronization

Most budgeting apps are already linkable to banks and credit cards. You can easily track and monitor your money and purchases by syncing this app. But, other apps require manual input, which is inconvenient and time-consuming. So, look for a budget app that suits your ease of use.

4. Security and Transparency Features

It’s an advantage to be a techie sometimes, but the consequences are also risky. Note that you will be giving out personal details such as bank information. Thus, always look for apps with security and transparency features. The best budgeting app must have multi-factor authentication like FaceID, TouchID, or One-Time Pin (OTP), in terms of a bank account or credit card account linking.

5. Custom Spending Categories

Many budgeting apps have preset categories like Utility Bills, Loans, Insurance, and more. Yes, it may help you organize your expenses, but it would be ideal to have customization features. As such, you can customize the names of the said category for quicker identification, or customize your daily, weekly, or monthly budget.

Other Considerations:

Some financial applications feature a free credit score, free financial planning, and a retirement planner.

10 Best Budgeting Applications in PH 2022

See how you spend money and how much you save with these ten (10) helpful budgeting applications in the Philippines. 

1. Daily Expenses 3

Developed by EncodeMX, this app is designed to organize your income and expenses. Its features help you record your money movement by date and review results in different kinds of reports.

2. Fortune City

You can track spending habits with Fortune City. It’s a budgeting app for iPhone mobile device users developed by FourDesire Co., Ltd. Fortune City is a combination of game and accounting apps with city simulation features. Your city also flourishes whenever you record your expenses, making your citizens happier.

3. Home Budget

HomeBudget is ideal for people who have an investment. It is a free version app developed by Anishu, Inc., with an integrated set of financial features. It includes tracking your investments and fetches daily stock prices automatically. Basic features include monitoring your income and expenses, including credit card transactions. 

4. Ipon: 52 Weeks Challenge

This budgeting app was inspired by the famous 52-week ipon challenge scheme. Ipon: 52 Weeks Challenge is ideal for people with financial goals, such as saving money for a specific purpose. It’s a simple app developed by KenmaLabs that easily tracks your saving progress and enables you to stick to a schedule. 

5. Monefy

Monefy is designed to streamline your expense tracking and save you money simultaneously. It is developed by Reflectly ApS and is available in a free app version and a premium subscription. 

6. Monny

Monny is a free version app featuring analytical reports and charts in an elegant dashboard. It was developed by Greamer Co., Ltd. and is now available for Apple users.

7. Money Lover

Money Lover is developed by a Vietnam-based company, Finsify Technology, Co., Ltd. It’s a simple app that helps you manage your personal finances, including income, expenses, and debts or loans. The best feature of this budgeting app is that you can synchronize it with other devices and up-to-date exchange rates of all currencies.

8. Money Manager

Money Manager has easy-to-use features developed by Realbyte, Inc. This budgeting app easily records your personal finance and business transactions. It also generates spending reports, reviews your financial data, and manages your asset and cash flow.

9. Splitwise

One of the most recommended financial applications is Splitwise. It is endorsed by NYTimes, Financial Times, and The Business Insider. Splitwise features the easiest way to share your financial expenses with your family and friends. It is also designed to track balances and “who owes who” setup, organize and split expenses, add expenses and pay friends or family back.

10. You Need a Budget

You Need a Budget (YNAB) is designed to reach your goal faster, pay your debts, and grow your savings account. It offers a 34-day trial and is available for Android and Apple users. 

Conquer Financial Freedom and Invest in Lumina Homes

It’s not too late to start reaching your goals, even if you’re nearly 40’s. For young adults, it would be better to start investing your hard-earned money. Buying an affordable house and lot is possible if you know how to control yourself from overspending to save money. With the help of these popular budgeting apps, you will learn how to value money.

As a starter kit for your financial freedom, Lumina Homes offer an affordable house and lot for sale in over 50 locations nationwide. Wherever you are, definitely, available housing packages are waiting for you.