The Top Budgeting Tools for Millennials to Use in 2022

Budgeting Tools for Millennial Finance Management in 2021

As Millennials begin to move away from traditional approaches to managing their finances, budgeting tools are increasingly becoming a useful way to save money, pay off debt, and invest. With the wide array of options available on the market, it can be daunting trying to decide which budgeting tools are best for you. To make it easier, here’s a list of the top budgeting tools for Millennials to use in 2021.

1. Mint

Mint is one of the most popular budgeting apps on the market and it’s easy to see why. It’s an online platform full of services tailored to help you keep track of your money and stay on top of your finances. From budgeting to financial goal-planning, Mint allows you to set personalized budgeting goals and track your progress over time. The app also provides an overview of your financial performance, so you can make smarter financial decisions.

2. Level Money

Another fantastic budgeting tool for Millennials is Level Money. It’s a free app that great for tracking your monthly expenses and budgeting for the future. Not only does it allow you to set a monthly budget but it can also help you save for life goals by setting aside money each month. Additionally, the app allows you to track your spending through its clean and organized interface, giving you a better understanding of your financial health.

3. Acorns

Acorns is a great tool to use if you’re looking to start investing. It’s one of the most popular micro-investing apps and it won’t break the bank, with fees as low as 2-3%. With this app, you can link your bank account and start investing with as little as $5 a month. Acorns automates the investing process and guides you along each step of the way, so you don’t have to worry about a thing.

4. Spendee

For those who want a more detailed approach to their budgeting, Spendee is a great option. It offers a plethora of personal budgeting features, such as personal finance and budgeting goals, expense tracking and budgeting in multiple currencies. Spendee also helps you keep track of shared expenses and makes managing your finances easier with its beautiful and easy-to-navigate interface.


YNAB (You Need A Budget) is an app that focuses on teaching users the basics of budgeting and how to manage their money. The app sets users up with an initial budget that translates their budgeting goals into concrete goals. YNAB also features a unique “on-demand” support system through a network of coaches who will answer any budgeting questions you may have.

6. Goodbudget

If you’re looking for a budgeting tool with a unique twist then Goodbudget is for you. It is based on the popular envelope budgeting system, where you allocate your money to different “envelopes” (categories) based on your budgeting goals. This gives you an easy-to-visualize breakdown of your financial situation and its effects on different parts of your life.


The budgeting tools listed here are all great resources for Millennials who want to take control of their finances. They provide helpful features and real-time updates on your budget, so you can be sure your efforts are paying off. As your financial situation and goals change, so should your budgeting tool. So make sure you explore your options and choose the one that best works for you.

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