Fudget Budgeting App Review 2024 – Forbes Advisor – Technologist

Fudget vs. You Need a Budget

While Fudget caters to budgeters who want to keep things simple, You Need A Budget (YNAB) is designed for budgeters who want a detailed, proactive financial management tool. Its comprehensive approach includes debt and investment accounts and features automatic transaction syncing, custom categories, goal setting and detailed financial reports.

YNAB encourages users to assign every dollar a job and comes with a wealth of educational resources, making it ideal for users looking to make significant changes to their financial habits. It offers a desktop and mobile version, and while it’s packed with far more features than Fudget, it’s also more expensive at $99 per year.

Fudget vs. Goodbudget

Fudget and Goodbudget both take a simple approach to budgeting and require manual expense tracking, but Goodbudget uses the envelope budgeting method. Users create envelopes for different spending categories, such as rent, groceries, or entertainment, and then allocate funds toward each purpose.

Users can sync and share household budgets, making it particularly well-suited for couples or families. Goodbudget also has a free version. Its upgraded version is more expensive than Fudget at $80 per year, but it offers extras like debt tracking and financial reports.

Fudget vs. PocketGuard

PocketGuard is designed for users who want a comprehensive tool for tracking spending and managing cash flow. PocketGuard’s interface uses a pie chart to show how much money is on hand, how much is allocated to bills, and how much is left over. It supports multiple budgeting strategies including the envelope method, a 50/30/20 budget and zero-based budgeting. PocketGuard’s In My Pocket feature helps you manage cash flow by showing available funds after you cover bills, other expenses and goals.

PocketGuard is best for those who want to monitor their spending closely and link bank and credit accounts for automatic transaction syncing. The app has a free version and a premium version that costs $74.99 per year for an annual plan.