Ask the Readers: What Is Your Favorite Budgeting Tool?

Editor's Note: Congratulations to Elena, Kelli, and Linda for winning this week's contest!

We all want to have an easier time managing our finances. That's where budgeting tools come in! They can be as high-tech as a money-tracking-app-doodad, or as simple as a pen and paper. The best tool for the job is what works for you.

What is your favorite budgeting tool?

Tell us about your favorite budgeting tool and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We're doing three giveaways — here's how you can win!

Mandatory Entry:

  • Post your answer in the comments below. One commenter will win a $20 Amazon Gift Card!

For extra entries:

  • You can tweet about our giveaway for an extra entry. Also, our Facebook fans can get an extra entry too! Use our Rafflecopter widget for your chance to win one of the other two Amazon Gift Cards:

a Rafflecopter giveaway

If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.

Giveaway Rules:

  • Contest ends Monday, April 28th at 11:59 p.m. Pacific. Winners will be announced after April 28th on the original post. Winners will also be contacted via email.
  • You can enter all three drawings — once by leaving a comment, once by liking our Facebook update, and once by tweeting.
  • This promotion is in no way sponsored, endorsed or administered, or associated with Facebook.
  • You must be 18 and US resident to enter. Void where prohibited.

Good Luck!

Disclaimer: The links and mentions on this site may be affiliate links. But they do not affect the actual opinions and recommendations of the authors.

Wise Bread is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.


Guest's picture
Mary Happymommy

Pen and paper is what works for me!

Guest's picture
Guest

I really enjoy the app SaveUp, it gives you entries into different sweepstakes for saving money and paying off debt.

Guest's picture
Nancy

So far, my favorite tool is an excel spreadsheet. I'm a freelance writer who works project by project with several clients, so my income fluctuates unpredictably. What works best for me is still far from a perfect system. I record all spending and expenses by category in an excel spreadsheet. Then at the end of the year, I look at each category to see if there are cuts I can make. I use last year's income and spending to set monthly targets for each category for the year ahead. As I enter expenses, I periodically filter by category to see how I'm doing against my targets. If I exceed in one month, I know I have to reduce in other months. If someone in a similar situation knows of a better tool or approach, I'd like to hear about it.

Guest's picture

I completely agree with the use of a spreadsheet. Simple and always reliable. The only difference though is I store my spreadsheets using Google Drive. You log-in and access it through a gmail account. That way you can always have access to the files anywhere you go. You work and save the files directly on the website, so there is no need to constantly upload/download. Great if you work from multiple computers or locations.

Guest's picture
Allison

Excel, free and pretty simple to use

Guest's picture
Guest

I use the Personal Capital website software for budgeting. You can link all your accounts and see total net worth all in one place. The software shows portfolio accounts in detail.

Guest's picture
Michelle Coleman

SaveUp is a great help with budgeting. I currently work for a credit union and we offer all employees free financial counseling through a program called Balance. You can get more information about the free counseling from Balancepro.net or balancepro.org.
They offer different tool kits and newsletters on money management including setting up your budget and paying off debt. They also offer calculators to help you calculate how much you should save for retirement or how much you would need to save a month to reach your goal in x amount of years or months. I love it! It has personally helped me start paying down my debt and I am saving 200.00 extra dollars a month by reducing spending on things I don't need, which I discovered using one of the spending tracking toolkits.

Guest's picture
Tim

I use a Google Docs spreadsheet that is customized to work with Dave Ramsey's FPU. It's straightforward and to the point. I can conveniently access it from my phone, tablet and computer.

Guest's picture

A big fan of Mint!

Guest's picture
Gina

Good old fashioned check register and pen.

Guest's picture
Tim

How do you budget with a check register?? Tracking spending sure, but budgeting? hmmm....

Guest's picture
SJH

I'm going to have to go with pen and paper also. Makes it more "real" for me than just numbers on a screen.

Guest's picture
Tami

I love the goodbudget app. Nice way to do an envelope style budget while paying with a debit or credit card.

Guest's picture
J. Pario

Excel spreadsheet.

Guest's picture
Shane L.

I use YNAB software to budget. I had it for about 4 years. Really beneficial

Guest's picture
Elena

I use Excel

Guest's picture
Tiffany S

A self-made spreadsheet on Google Drive so both my husband & I have access to it!

Guest's picture
Lisa

My favorite budgeting tool is the tried and true envelope system.

Guest's picture
Beachgirl

My favorite is YNAB. I used to just use Excel/Google Drive, but this does everything for me in less time and requires less of me. And I like that I can sync my phone or tablet, so that I can see how much I have left in a category when I'm at the store.

Guest's picture
Elina

I use Dave Ramsey's budget spreadsheets from Financial Peace University.

Guest's picture
wribeiro

Buxfer.com simple, multilingual, easy, online, several accounts, customized...

Guest's picture
Saneves

We like pen and paper also, but use BudgetMap as our check register.

Guest's picture
Ellen White

At the start if each month I put $5 in a jar DAILY....voilã each month you are ferreting away a minimum of $150. I put a check mark on the calendar for each day I do this. At the end of the month I can deposit this month in my bank account or squirrel it away to start a fund for a special trip.

Guest's picture
Monica

Pen and paper, or excel. I also like Mint.

Guest's picture
Andy

I use a spreadsheet in Google Drive that forecasts my income, expenses, and cash flow for the next 30 years. I use it not only to track how much I am spending, but also to see if I am on track for retirement or any other future financial goals I have.

Guest's picture
Christie

We used cash and the envelope system for years and still do to some extent. Mostly, we use the credit card for everything now and pay it back out of our cash envelopes. Gotta love getting cash back with our credit card rewards!

Guest's picture
Rebecca B. A. R.

Just using a notebook to track expenses and bills works for our budget.

Guest's picture
Happy Love

I use a calculator at the start of the month, and I check my credit card statement online regularly the rest of the month.

Donna Freedman's picture

I mostly do it in my head, but when I need to get very specific I'll use pen and paper. It helps that my situation is fairly uncomplicated.

Guest's picture
Lisa Jones

halfing a dessert with my boyfriend, and/or sharing a sandwich. also i NEVER order soda anymore. that alone saves tons of calories (which i'd rather blow on dessert, ha) and at least a couple of bucks. it's simple but has saved me much money through the years.

Guest's picture
Jen

I like using Quicken, it easily shows me where my budget is and where I am under/over budget.

Guest's picture
Sharon Jasper

I use my checkbook to pay bills and whatever the amount I pay it gets rounded off to the next dollar. For example, if I pay a bill for $14.05 I round it to $15.00 and this ensures I never bounce a check because my account always has a cushion. I also only take the car out for errands if I can go to more than one place. Otherwise, my trips can wait for another day rather than waste gas.

Guest's picture
Kelly D

Mint.com is my favorite budgeting tool.

Guest's picture
Liz

I really like using Mint. It makes everything so easy and I love that I can track my progress to goals.

Guest's picture
Ryan

I enjoy using the Quickbooks Desktop program.

However, another great tool if going online is www.budgetsimple.com

Guest's picture
Suzy

I use Dave Ramsey's budget sheets to keep me up-to-date.

Guest's picture
An

I still use good old Quickbooks

Guest's picture
Molly

A budget notebook!

Guest's picture
SerenityNow

I find blank budgeting worksheets online and print out a hard copy to use. They tend to include a lot of spending categories that I completely overlook when I make my own budgeting worksheet from scratch, which is really helpful for getting a full picture of my overall spending.

Guest's picture
Nick

KMyMoney - I am a Linux user so there are not many options. This is much easier to use than GnuCash and also offers a version for Windows and Mac.

Guest's picture
jose silva

I've been using mint for a while but it doesn't take all my accounts so I complement with an excel sheet and that keeps me on top of things.

Guest's picture
Guest

Excel!

Guest's picture
Cynthia

I like Mint! It's easy to use. I also have an excel spreadsheet for other accounts that Mint doesn't track.

Guest's picture
Diane

I use an excel spreadsheet to track my budget & for most other tracking purposes. It's simple, I can adjust it as needed and it works for me.

Guest's picture
Jess

I love using a template for a monthly budget in Numbers (Apple). I color code all of the categories and can see right away what is over budget and where we have room to save!

Guest's picture
Leslie

When I first started budgeting I used Excel spreadsheet but it got to be too much of a hassle for me and I went back to pen and paper, sort of. I now use a dry erase board in my office and I see it everyday so it actually helps even more for me to see how my budget is going monthly and keeps me accountable.

Guest's picture
Wendy

YNAB (You Need a Budget). It's not just a budgeting tool, it's a whole new way to look at your money.

Guest's picture
Jill

Mvelopes!! An awesome budgeting tool that streamlines keeping up with your expenses!

Guest's picture
Guest

Excel. Since 2003 I've tracked every penny spent day by day, month by month, year by year. Have tabs for daily expenses, a monthly summary tab, a check ledger, my retirement accounts, net worth, etc. Takes about 15 min. a week or less and I always know exactly where I'm at. Makes budgeting pretty painless.

Guest's picture
Ernest S.

You Need a Budget (YNAB) really helped me get on track. I recommend it to all my family and friends!

Guest's picture
Amy

Mint.com all the way! I've been a power user since 2008 and could not live without it.

Guest's picture
IS

I use Mint for budgeting purpose.

Guest's picture
JL

I found that excel is the best tool to perform budget / forecast type of activities and its easy to use.

Guest's picture
Louly

I use the Mint app to track my budget :)

Guest's picture
Guest

I check my online banking every single day. Some days it is kind of depressing but when my balance is low I know that I can't spend on anything.

Guest's picture
Sara C

I like to use an excel spreadsheet

Guest's picture
KelR1

For years I've been old school and just using pen and paper, but I'm considering trying Mint because I keep hearing good things about it.

Guest's picture
Kim

Mint.com - it's so easy to use and I love the visualizations to track trends over time

Guest's picture
Lynda

i still budget with pen/pencil, paper, and calculator

Guest's picture
Liisa

I use plain old Excel spreadsheets. I tried a fancier budgeting tool and it just seemed more complicated...

Guest's picture
MELISSA HANSSON

I keep a running budget in my moleskin. No fancy apps for me.

Guest's picture
Susan Smith

I use Dave Ramsey's budget spreadsheets and envelopes from Financial Peace University

Guest's picture
StarraeAday1

I've been using YouNeedABudget (YNAB) for one month, and it has completely changed my life and the entire way that I view money and spending. It has been an amazing, night-and-day transformation. Thanks, YNAB!

Guest's picture
DeeDee

Puchasing grocery items on sale, you really have to plan ahead but this really saves money. Grocery sales seem to cycle through every 6 to 8 weeks. sometimes less.

Guest's picture
Bethany

I know this is so old school, but my favorite budgeting tool is the calculator.

Guest's picture
Carmen

Right now I prefer Excel spreadsheets. I've tried using several - including Mint, but the semi-manual process works better for me.

Guest's picture
Amanda Sakovitz

My favorite budgeting tool is a simple list.

Guest's picture
Tabathia B

My tool is to use a calendar and basic spreadsheet to figure out the regular monthly bills and budget for them to be paid early or on time.

Guest's picture
Kfc

I really like the app envelopes!

Guest's picture
Alyss

I use a combination of spreadsheet and Mint. In Google Drive, I budget for each week of the month, then I set up automatic payments in line with my spouses and my different pay dates based on that budget, and then use Mint to track spending and financial goals.