The best budgeting apps for families

The best budgeting apps for families

Looking for apps that make managing your household budget easier? There are plenty to choose from, so it can be hard finding the right one for your family. We look at the best family budget apps, why you need them, how they work and specific features to look out for when choosing the right app for your home budget.


Why do you need a family budgeting app?


A family budgeting app can help you keep track of your finances more easily. They can help you make sure that you stick to a budget, and can warn you when bills are due. This is especially important when the cost of living is high, or when you need to be extra careful with money. Having a household budget app can also help you talk to kids about money. You can show them the incoming and outgoing amounts to help teach them about costs and budgeting. Talking about money is a great way to see if your child is ready for a prepaid debit card


How do budgeting apps work?


Most budgeting apps will let you see all your finances in one place. You can link all of your accounts to the app, which means that you keep an eye on everything at once. You can set your app to alert you when bills are due to go out, with additional notifications if you don't have enough in your account to cover a bill. You'll also find a lot of other great features, such as being able to split payments over multiple accounts, seeing an estimate of how much you spend per month, and more.


4 best budgeting apps for your family


Unsure where to start? Try some of our favourite family budgeting apps:




Emma has some great features on top of seeing all your accounts in one place. As well as advertising retailers that provide cashback deals, Emma even makes recommendations on how you can save money based on your shopping habits. There are also anti-fraud measures built into the app to help you protect your money. The basic version of the Emma app is free, but a lot of the features are in paid versions of the app, called Emma Plus and Emma Pro. Both of these paid options are more expensive than competing apps because they offer a lot more features.


Money Dashboard


Money Dashboard lets you connect to all of your accounts easily, including cryptocurrency wallets. The in-built Spending Plan tool helps estimate your upcoming expenses, including bills, regular spending such as food shopping, and even some less frequent expenditures – such as occasional purchases on websites like Amazon. This helps you see how much money you are likely to spend in the next month, helping you check that you're staying within your budget. This can help a lot when trying to save money, as it lets you estimate how much you can save each month. Money Dashboard is free to use.




Plum has all the basic budgeting app features, as well as some more advanced options. You can see all your accounts in one place and get an analysis of your spending within the app. You can also set automatic deposits and get the app to round up the cost of purchases with the excess going into a savings account, letting you save up a few pennies each time you buy something. There are also paid versions of Plum, called Plum Plus and Plum Pro. These give you extra options such as automatic investments, or automatic switching of utility bills to get better deals.




Claro lets you connect all your bank accounts and see your online transactions as well as in-store transactions. Claro also focuses on financial coaching, helping you figure out how to get investments and savings set up. This includes saving in a Claro savings easy-access account where you can earn interest. As part of the financial coaching, you can also talk to a financial advisor who will help you set up financial goals and figure out ways to achieve those goals. Because of these advanced features, Claro has a monthly fee.


How can GoHenry help my child with budgeting?


GoHenry has great features that are designed to teach your child about budgeting, as well as help them understand the value of money. Our parental features let you monitor and track your child's spending when they use their prepaid debit card. You can also set spending controls, deciding where and how much kids can spend. You can easily change these settings with your parent app.


Your kids can also use our in-app Money Missions to learn about budgeting via fun quizzes, videos, and bite-sized lessons for every age. All our engaging lessons are tailored to your child's age and level of understanding. In-app Money Missions will teach a wide range of financial skills, including lessons about saving habits, spending wisely, jobs and earning, money safety and more. Whether you need to teach your six-year-old about money basics, or whether you need to help your teen learn money management, our Money Missions can help.


Learn more about the GoHenry kids debit card today!


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Written by GoHenry Published Sep 20, 2022 ● 2 min. read