A budgeting app is a digital tool designed to help individuals manage their finances by tracking income and expenses. Users can input their financial data, set spending limits, and monitor their progress towards savings goals. These apps often provide visual representations, like charts and graphs, to make it easier to understand spending habits.
Many budgeting apps also offer features such as bill reminders, financial goal setting, and integration with bank accounts. Popular examples include Mint, YNAB (You Need A Budget), and PocketGuard. These tools aim to promote better financial habits and help users achieve their financial objectives.