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Engadget
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The best budgeting apps for 2025
- With Mint shutting down, users are seeking the best budget apps for 2025, and there are viable alternatives available.
- The top budgeting tools offer automation for savings, detailed analytics, custom reporting, and easy expense tracking.
- To help users find the right budgeting app, a guide to the best budgeting apps for 2025 has been compiled.
- Apps tested for budgeting included those offering import of account data, budgeting tools, and tracking of spending, net worth, and credit scores.
- Plaid, a fintech startup, is pivotal in connecting banks with third-party apps like budgeting apps to access financial data securely.
- Mint shut down without a specified reason, leading users to explore other alternatives like Credit Karma for financial management.
- Rocket Money is another financial app that tracks spending and supports account linking, with premium features to cancel unwanted subscriptions.
- The budgeting apps typically require subscriptions, with prices around $100 a year, and they provide various features to manage finances effectively.
- It's essential for users to understand how Plaid works as the intermediary for financial data transfer between banks and budgeting apps.
- Plaid faced a class action lawsuit in 2022 for collecting excessive financial data, leading to changes in its data handling practices.
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