5 Best Money Management Apps for Android in 2023

Managing your finances is an essential part of life, yet it can be a challenging task. With the rise of subscription services and tighter budgets, it’s more important than ever to stay on top of your spending. Luckily, money management apps offer a faster and more efficient way to manage your money, so you can save time and improve your finances.

In this article, we’ve rounded up the best money management apps for Android to help you find the right solution for your needs. Whether you’re looking for an app to track your spending, set up a budget, or invest your money, we’ve got you covered. So, let’s dive in and discover the best budgeting apps that will help you take control of your finances.

Top Five Money Management Apps for Android

Here are our top five picks for the best budgeting and money management apps for Android.


Mint is a popular and user-friendly budgeting app with 25 million users, making it one of the most popular options on the market. It offers features such as bill payment reminders, investment tracking, and access to your TransUnion credit score, making it the best free budgeting app. Mint was developed by Intuit, the same company behind TurboTax.

The app provides an all-in-one place view of your finances and even allows you to pay bills. It also offers multi-factor authentication for security and a web app. Although some were disappointed by the discontinuation of Mint Bills, Mint appears to have bounced back and received positive reviews.

5 Best Money Management Apps for Android in 2023


  • Provides a free budgeting app that can help you better manage your finances and stay on top of your spending.
  • Offers free TransUnion credit scores, giving you valuable insight into your creditworthiness and helping you better understand your overall financial health.
  • Includes investment tracking tools that can help you keep tabs on your portfolio and make informed investment decisions.


  • Displays in-app product advertisements, which may be annoying or distracting to some users.
  • Has received some complaints about technical issues, such as bugs or glitches, that can affect the user experience and functionality of the app.
  • While the app does offer spending categorization, some users feel that it could be better and more intuitive in helping them track their expenses and better understand their spending habits.

You Need a Budget (YNAB)

YNAB (You Need A Budget) is an excellent app for those who want to take control of their finances with precision. It is based on the principle of zero-based budgeting, meaning every penny of your income is allocated to a specific purpose. The app allows you to track your expenses in real-time, provides you with clear insights into your financial goals, and gives you the ability to adjust your budget as necessary.

YNAB is free to use for the first 34 days, after which there is a monthly subscription fee of $14.99. If you’re looking for a budgeting app that helps you get a handle on your finances down to the last penny, YNAB is a great choice.

5 Best Money Management Apps for Android in 2023


  • Provides a comprehensive budget makeover that can help you better manage your finances and achieve your financial goals.
  • Offers a free 34-day trial, allowing you to try out the service and decide if it’s a good fit for you before committing to a subscription.
  • Provides strong customer service and comprehensive educational resources to help you get the most out of the service and improve your financial literacy.


  • Comes with an annual fee of $99, which may be a concern for those on a tight budget or seeking a more affordable budgeting solution.
  • Requires a significant time investment to learn the ins and outs of the service and effectively utilize all of its features and tools.
  • Has experienced recent synchronization issues, which could impact the accuracy and reliability of your budgeting data.

Personal Capital

Personal Capital is a great option for those looking to manage their budget while building wealth. This investment app offers a variety of features to help you track your investments, retirement funds, and monthly cash flow. Additionally, it’s also an effective budgeting app, allowing you to sort expenses into categories and compare spending between different months.

One of the best parts of the app is that it automatically syncs your expenses, minimizing manual work. And the best part? It’s completely free to use and available on the web. If you’re looking for a comprehensive tool to manage both your investments and your budget, Personal Capital is definitely worth checking out.

money management apps


  • Provides a free wealth management app that can help you organize and manage your investments and assets, making it easier to track your overall financial health.
  • Offers a Retirement Planner tool that can help you plan and prepare for your retirement, taking into account factors such as your savings, spending habits, and projected expenses.
  • Includes an Education Planner tool that can help you save and prepare for education expenses, such as college tuition or vocational training.
  • Allows you to track your net worth, providing a comprehensive snapshot of your overall financial position and progress over time.
  • Offers a Fee Analyzer tool for your portfolio, helping you identify and minimize hidden fees that can eat into your returns over time.


  • While the app offers tools for managing your wealth, it may be less focused on budgeting or day-to-day spending, which may be a downside for those looking for a more comprehensive personal finance solution.
  • The app does not offer an option to manually add transactions for budgeting, which could be a drawback for those who prefer a more hands-on approach to tracking their spending.
  • The app may include sales calls for wealth management services, which could be viewed as intrusive or annoying by some users.


Wallet is a budgeting app that stands out for its intuitive and user-friendly interface. It’s perfect for those who have struggled with budgeting in the past, as it makes it easy to keep track of your expenses and income. The app automatically syncs your bank transactions and provides detailed reports and graphs to help you understand your spending patterns. It also tracks your bills and sends reminders of upcoming payments, so you never miss a due date.

Additionally, you can export and share your financial reports with ease. While the app is free to use, a subscription of $4.49 per month unlocks additional features like multi-user collaboration and unlimited bank accounts. Overall, Wallet is a great choice for anyone looking to take control of their finances and achieve their budgeting goals.

5 Best Money Management Apps for Android in 2023


  • Boasts a simple yet powerful interface that provides users with essential features and tools for managing their finances effectively.
  • Easy to learn and use, making it accessible to a wide range of users, regardless of their level of experience or expertise.
  • Offers solid data handling capabilities that ensure accurate and reliable tracking of your financial information.


  • The premium version of the app is not free, which could be a drawback for those looking for a free money management solution.


Goodbudget is a great choice for those who are serious about planning for their financial future. The app allows you to divide your monthly income into multiple categories, which it then closely monitors and analyzes. This way, it keeps you informed about how close you are to achieving your financial goals and where you might be overspending.

The best part about Goodbudget is that it is accessible across three platforms: Android, iOS, and the web, which means you can view and manage your budget from anywhere. However, unlike some other budgeting apps, it doesn’t automatically sync with your bank accounts, which means you’ll need to manually enter each transaction.

Goodbudget is a free money management app, but if you want to unlock some of its more advanced features, such as envelope history tracking, you’ll need to sign up for the paid version, which costs $8 per month.

5 Best Money Management Apps for Android in 2023


  • Offers a free version of the app that provides users with the same basic features and tools as the paid version, albeit with some limitations on functionality.
  • Includes useful reports to help users analyze their income and spending trends, providing valuable insights and actionable steps for improving their finances.
  • Announces app enhancements on its website regularly, ensuring that users are kept up-to-date on new features and improvements.
  • Provides a variety of resources to help users on their budgeting journey, including podcasts, courses, and other educational materials.


  • The free version of the app restricts users to one account, which may not be sufficient for those with multiple bank accounts or credit cards.
  • Does not offer any investing resources or tools, which could be a drawback for those looking for a more comprehensive personal finance solution.

The Wrap Up

It may take some time to select the appropriate budgeting app for your needs, but it is worthwhile to find one that works well for you. Our suggestion is to try several apps at the same time and keep the one that you use the most. After you have organized your budget, consider increasing your efficiency with our picks of the best productivity apps for Android.

Be sure to let us know in the comments which money management app you end up downloading for your smartphone and why.

Featured Photo by StellrWeb

Rimsha Salam

Rimsha Salam

A dreamer by heart, a writer by passion, and a nerd through and through. Rimsha Salam is a multipotentialite with an ambition to discover and explore. While having a degree in Computer Science, she ventured into the world of content and copy due to her love of words in all shapes and forms. A wanderer of sorts in life and her career, she explores uncharted territories to learn new and exciting things.

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