The 16 Best Budgeting Apps of 2021

pexels liza summer 6347720 - The 16 Best Budgeting Apps of 2021

Budgeting apps are a great way to keep track of your spending and saving money. Some people find budgeting apps to be the perfect solution for their personal finance needs. Budgeting apps are designed to help you organize your finances and balance. The budgeting app can also help you budget for anything from groceries to your everyday bills.

Although a budget app offers helpful tools like spending reports, reminders, and even a free fee analyzer. Many budgeting apps also help in track spending and saving money on the go with features like mobile check deposits. Budgeting Apps have changed the way people are able to keep track of their financial life in just a few taps. In this blog post, we will be going over the 16 best budgeting apps that will help make managing your budget more manageable.

Best Apps to Manage Your Money!!

For those who are trying to save money and manage their budgets, there’s a number of great apps available. It’s important that we all take the time to manage our money wisely. After all, it is what helps us live comfortably in today’s world. So look at the list below of the most popular and highly rated apps to help you stay on top of your personal finances.

1 Mint

Best free budgeting app gif maker - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

The best free budgeting app for users is Mint. Mint allows you to set a budget and track your spending, investments, income, net worth, and more. It’s one of the most popular budgeting apps with over 25 million users. Mint is one of the top-rated free online services for helping people manage their money and access their TransUnion credit score. The site’s tools are perfect for beginners and advanced users alike. The Mint app is well optimized for mobile users, but can also be used on the Web.

Pros & Cons

  • Free budgeting app
  • Free TransUnion credit score
  • Best for investment and budget tracking
  • Have some technical issues
  • Categorization could be better
  • Unnecessary product advertisement


Mint is a free and easy-to-use tool that tracks spending and helps you create a monthly budget. You can also link it to your savings account to help you save for big purchases. Mint budgeting app is also easy to track spending because it automatically categorizes your transactions. Mint can even show you recommendations on ways to save more money. It’s the best site for getting your finances organized and making positive changes.

Mint also protects your data with bank-level security. Which is the same technology major banks use to ensure people’s financial information stays secure. Mint is an app that helps you organize your money. You can see all of your money- like banks, credit cards, etc. – on your phone and it’s free. For many people, Mint has become a lifesaver because it can help you pinpoint expenses like groceries or transportation costs so you can save more money every month.

Mint can also help you get out of debt by giving you insights into how much it costs to pay off specific loans and credit cards. So you can make smarter decisions about what comes next. Mint automatically categorizes expenses the way you do. Mint provides you with tools to track your budget in whatever way is best for you.

2 Wallet

Best Budgeting App for Android

wallet app - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

Wallet is an easy-to-use budgeting free app for android or iPhone, with the mission of helping people to better understand their finances. Right now, Wallet has many features that allow users to record transactions, track spending patterns, and set financial goals. It has features like Automatic cloud sync, Receipt and warranty tracking, Categories, and templates, etc.

Pros & Cons

  • Multiple currency support
  • Provide automatic bank updates
  • Automatic cloud sync
  • A free version is limited to 2 accounts
  • The iOS and web versions lack some of Wallet’s features
  • Wallet Premium is quite expensive


Wallet is a best budgeting app that has been built from the ground up with end-users in mind. Wallet is built on a solid foundation with good coding practices in place. Users of Wallet will be able to keep track of their spending on the go, on their iPhones, or android phones. Wallet helps you understand your finances better. Wallet puts your spending power in your own hands.

Wallet is an app that you can use to see how well you are sticking to your budget. It will show how much money you have every time you spend something. The user can track their expenses on daily basis and learn from their mistakes. On the Wallet app, users can set up a PIN code to use when logging in or making transactions. Wallet is an amazing platform for users who want to keep track of their spending.

3 Monefy

Best free budgeting app

monefy app - The 16 Best Budgeting Apps of 2021
  • Cost: Free(Premium Version: $3)
  • Free trial: N/A

Monefy is a free budgeting app for upcoming bills. It is an open-source personal finance app that is available on Google Play for all Android devices. It allows you to input transactions either manually or from your bank, as well as set goals for your budgeting. Monefy is the best budgeting apps that help you to maintain your financial accounts, personal capital, etc. Tracking daily purchases, bills, and everything else you spend money on has never been so quick and enjoyable with this money manager.

Pros & Cons

  • easy-to-use interface
  • Take control of recurring payments
  • Track in multi-currencies
  • Multiple product Adds
  • Expensive for extra features
  • Categorization could be better


The Monefy budgeting app is a free version and easy-to-use money tracker. It has a clean interface feature that is easy to use. There are readable numbers, color-coded graphs, and more. The app makes it possible for users to create expenses and income entries. Entries can then be saved or voided if necessary. Users are also able to enter category details, including payees for particular transactions.

Monefy is a free budgeting app that lets the user choose from different budgets or even create their own. You can set up monthly allowances and other expenses on this free version app. The money will be subtracted from your total income.

It is also possible to set up recurring bank accounts transactions and add memos for each entry. It allows you to track your expenses and incomes and perform various analyses on all this information. The overview page of the app displays your current balance. It also shows some totals regarding what you bought and how much money is left per category.


Best Budgeting app for saving money

AndroMoney - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

AndroMoney is an app for managing personal capital and finances such as income and expenses. AndroMoney tracking your credit card usage and create budgets. This app is available for download at the Google Play Store. AndroMoney can be shared with other devices linked to the same Google Play account as it syncs user data to Google Drive.

Pros & Cons

  • – SYNC with other devices
  • Multiple financial accounts
  • Cloud Storage (Dropbox, Google Docs)
  • Have Technical issues
  • Reduce battery consumption
  • Loading issues


AndroMoney has the same features as many budgeting apps have. For improved security, users can add a PIN to lock the app while also having their data synced to an online account for backup and other functionalities. AndroMoney free version helps you to improve your spending habits. To keep track of your daily expenses, AndroMoney includes features such as quick budgeting, recurring transactions and categorizing your purchases for better management of spending.

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It also shows detailed statistics of income, expenses, cash flow, and net worth to help users track their money. The root of the finance data stored in this app is stored on a cloud server, which can later be downloaded in the app itself. The convenience of having finance information accessible on the cloud makes it easy to sync over multiple devices.


Best Budget App to Manage Money

money manager app - The 16 Best Budgeting Apps of 2021
  • Cost: Free( premium version $3.99)
  • Free trial: N/A

Money Manager is an app that organizes your personal finances and tracks your transactions. It helps you to better understand where your money goes. It also offers the backup function that helps you to backup data in an Excel file. This app is available for both iPhone or Android users. Money Manager free version helps in managing the bank accounts statement.

Pros & Cons

  • Credit / Debit Card management function
  • Transfer, direct debit and recurrence function
  • Free version with no ads
  • No icons for expense heads
  • Personalization needs improvement
  • In features, not much different from other apps.


Money Manager is a simple and convenient app that helps you to maintain your saving accounts. Money manager app that works to help people manage their expenses and budgets. While also working to add some fun into the way they do it. This app works by giving people the ability to set up their budgets and then showing them where they are spending their money.

There is also a bonus feature that shows how close you are to hitting your monthly goal. And this information gives people an added incentive. With this, you will be able to make the necessary changes in order to take control of your categories. The app also allows you to create budgets for specific expenses which enables you to better manage and control your money.


Best apps for saving money and budgeting

my finances app - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

My Finances is the free version budgeting app for recurring bills and managing your spending limits. An attractive and intuitive interface will help you to add easily new transactions and analyze the existent ones. You will be able to add multiple accounts and currencies. You can also backup your data with cloud services such as Google Drive, Dropbox. This is the best budgeting app for maintaining your personal capital and bank accounts transactions.

Pros & Cons

  • Repeated operations option
  • Simplicity and utility attributes are main concerns
  • With charts you may analyze present and previous transactions
  • Multiple product Adds
  • It doesn’t offer credit score tracking
  • Categorization could be better


My Finances is a simplistic budgeting app that is completely free. It tracks daily expenses and a free bank sync so users can see where their money goes each month. Users input how much money they make then enter in any expenses or transactions throughout the day.

The app automatically calculates your remaining account balance, income, and expenditure amount for that day. At the end of each month, users can see how much cash they spent on certain items. And compare their monthly expenditure to the previous months. My Finances provides an easy way for people to track their expenses without having to make calculations themselves.


Best app for saving money

celo - The 16 Best Budgeting Apps of 2021
  • Cost: Free( premium version $5.99/month)
  • Free trial: N/A

CLEO is currently free but users are also able to upgrade their accounts for $5.99 per month in order to access premium features such as custom graphs, and unlimited bank accounts. CLEO is available on all iOS devices for download via the app store. By using AI to create personalized smart budgets for every customer, Cleo is helping people improve their budgeting skills worldwide. Through Cleo Plus, we give you access to a Cash Advance of up to $100 to help get you to payday.

Pros & Cons

  • Save bank accounts automatically
  • Cashback rewards up to 7%
  • Spender rates your purchases and removes money stress
  • It only shows monthly spending
  • A lack of features compared to some other apps
  • It doesn’t offer free credit score tracking daily or weekly wise


CLEO is a budgeting app that allows its users to track their spending and income. This process can be done by selecting expenses or income or using geo-location. CLEO also provides the option to include recurring incomes/expenses in order to save time when entering data. The app includes graphs for visualizing spending trends over time. This is the best app from the free budgeting apps list.

In addition, CLEO allows users to set up multiple accounts for saving or investing money. These accounts can be shared with friends and family members. One of CLEO’s main features is that it allows users to transfer funds from one account to another. This means there are no extra fees associated with transferring money out of your bank account.


Best Paid App for Budgeting

goodbuget app - The 16 Best Budgeting Apps of 2021
  • Cost: Free/ $6.00 per month / $50 per year
  • Free trial: Free version available

The Good Budget is an app that tracks your financial data and provides you with insights into your spending. Good Budget allows users to track their savings accounts, input monthly bills, and budget for the future all within one app. You can download this app on the Google play store. The app is aesthetically pleasing and has a multitude of features that allows the user to easily and effectively track their spending. Everything syncs between those platforms.

Pros & Cons

  • It gives you reports of your income and spending trends.
  • Split expense transactions
  • Easily transfer funds between Envelopes and Accounts
  • It doesn’t track investments.
  • Highly expensive
  • It doesn’t sync your transactions


The GoodBudget app can be downloaded for free on both iOS and Android devices. Good Budget is free, automated, and has personal finance budgeting tools that help you manage your money. GoodBudget allows you to create a budget for your monthly income and expenses. It has unlimited envelopes. And it set up a monthly savings goal and follows your progress. You can also add relatives that allow you to ask for money and keep track of the transactions.

The GoodBudget app shows you everyday spending on coffee or pizza every day. It’s basically a pre-loaded envelope system. You assign your income to envelopes for particular budgets or purposes. And then record what you spend as it is happening.


Best Budget application for saving money

my budget book - The 16 Best Budgeting Apps of 2021
  • Cost: $2.99
  • Free trial: 30 Days

The My Budget Book app helps people manage their money by using the trusted methods of money management. My Budget Book is a free application with simple features that allows you to track your daily expenses. Additionally, it features 100% offline support, no ads, no in-app purchases, and a themed, Material Design interface.

Pros & Cons

  • No advertising or hidden in-app costs
  • Manage multiple accounts and make transfers between them
  • Customize your categories and subcategories
  • It’s too expensive
  • It takes time to learn how to use it effectively
  • Need to improve in categorization


My Budget Book is an investment tool that enable users to track and manage their budgets and expenses. It helps them to understand their financial situation and keep track of their budget. It calculates a user’s income, expenses, and credit card accounts over a period of time. It also shows if the person is spending more than they are earning on their mobile device. The app uses a simple interface.

The users can easily switch between the different accounts they have. They can easily see all their expenses and income with a simple glance at the app’s main screen. An integrated and comprehensive manual helps you make the most of the features. If you can’t find it there, support is only an e-mail away. My Budget Book is under active development, and improving your experience is a priority.


Best budget app android

ynab - The 16 Best Budgeting Apps of 2021
  • Cost: $84 per year
  • Free trial: 34 Days

The YNAB app allows users to tag their transactions with an expense category, making it ideal for allocating funds by tag. Users can also import bank statements to quickly record historical spending information. The app has a personalized goal feature that allows users to set both long-term and short-term goals. With this app, you can connect all your accounts in one place for a big-picture view.

Pros & Cons


YNAB stands for You Need a Budget. It is the best budgeting application that helps you manage your money in a better way. So you have more control over it. YNAB is different from other budgeting apps because it teaches you how to make a budget before you start using the app. So you don’t spend the money that isn’t in your account. YNAB focuses on staying out of debt. And it targets getting rid of debt first before focusing on savings.

You can have a credit card with YNAB and you’ll know exactly where your money is going. That means you’re spending less time managing your money. YNAB does this by asking questions about what is essential and what isn’t. If it’s an expense, whether it’s essential or not, the app asks how much should be spent on that item in a month. The app also has a feature where it will send you an email every time you spend money. So that way you stay accountable for the budget.


Best Budget App to Manage Money

personal capital - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

Personal capital is free for basic use. You’ll pay fees when it’s connected to external accounts or used in active investing. For additional fees, you can also turn on advanced investment, tax-loss harvesting, and another tool. This app manages all your sync bank accounts in one place. It also tracks your investment and has some retirement plans for worthy financial goals. You can download this from the Google play store like other budgeting apps.

Pros & Cons

  • Free wealth management app
  • Have an educational planner tool
  • Have net worth tracking
  • Less focused on budgeting
  • No option to manually add transactions
  • Sales call for add investment management services


The Personal Capital app is designed to help you monitor and optimize your financial situation. It has tools for net worth, cash flow, investment tracking, and more. Most budgeting apps don’t have cash flow tools like Personal capital. It has many budgeting tools which make it different from basic budgeting apps. You can link all your accounts in one place (checking, savings, credit cards).

Personal capital investors can also view them in a comprehensive dashboard. That shows how much cash is coming into and going out of your accounts. You can also track your net worth over time. This budgeting tool helps you to see how much you spend in categories like groceries and travel, compare investments. It has the best budgeting investment management services for its users.


Best app to save money

every dolloar - The 16 Best Budgeting Apps of 2021
  • Cost: Free( advanced version $99 per year)
  • Free trial: 30 days

EveryDollar is a personal bank account app that helps you track your monthly spending and saving. You can use their pre-made template to get started or create your own custom categories. They also provide a free trial for the paid version of the app.

Pros & Cons

  • provide additional help with financial experts
  • It has a free version
  • Multi-factor authentication
  • It doesn’t offer retirement planning
  • Its advanced version costs $99 per year.
  • It doesn’t have a fee analyzer


EveryDollar is an easy-to-use online tool that helps people create a realistic spending plan based on their income and expenses. The first thing that sets it apart from other tools is its simple interface. The user only has to enter the total income for a certain period, and EveryDollar automatically calculates all expenses based on this information. The application’s step-by-step wizard guides the user through creating their first budget.

In addition to the core functionalities of budgeting and tracking, EveryDollar also offers password protection. The user can set the password themselves, but the app will also generate a secure password based on their specific settings. EveryDollar is suitable for any financial goal, whether it’s saving money or building an emergency fund. If you’re looking for the best budget apps then EveryDollar is made for you.


Best saving app for couples

honeydue app - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

Honeydue is the best personal application for couples. With this help, you can also transfer monthly or annual fee to your partner account. It has recently included the Joint Banking option for modern couples. You can also include custom categories in it. It automatically puts your expenses into categories.

Pros & Cons

  • free and easy to use.
  • Automatically puts expenses into categories
  • Add your own custom categories
  • It shows only monthly spending
  • Require to log in online banking
  • Unlimited adds


Honeydue is a multiple-step application designed for iOS and Android. Honeydue is a detailed monthly budgeting planner that runs completely within the application. The application allows users to select their income and spending categories. They also track their current balances against those categories. And then plan for upcoming months using the Honeydue budget planner.

The first step is to make a profile on the app. Once you have created your account, you can see your budget for each spending category. There are three different categories that include income, bills, and savings. Each month shows the estimated amount of money that will be spent or saved during that time frame.


Best personal budgeting app

yoult app - The 16 Best Budgeting Apps of 2021
  • Cost: Free
  • Free trial: N/A

Yolt is a great iOS and Android app which allows you to monitor all your bank accounts, credit cards, and bills in one place. It also lets you track your spending. If you want a simple money manager app, then try Yolt. This app can easily link bank accounts. This app has bank-level security to meet your financial goals.

Pros & Cons

  • Have good security
  • Provide 360-degree view
  • Have pensions plans
  • Unlimited adds
  • A lack of features compared to some other apps
  • Have some customization issues


The Yolt budgeting application is a personal finance management application. It helps users to manage their spending in order to save. The app is built with the user in mind. Therefore, it’s easy to navigate and understand. It helps the user keep track of their income and expenses at any time to see where they can save cash flow. The application also tracks the user’s daily expenditure. This makes it easier for users to improve their finances. This is a good app for updating your upcoming expenses or it has many budgeting features.


Best app for saving money and budgeting

pocket guard app - The 16 Best Budgeting Apps of 2021
  • Cost: Free/ $79.99/year or $7.99/month
  • Free trial: Free version available

PocketGuard is a simple and intuitive app that allows users to track their expenses and manage their money. With the help of this app, users can predict when they will run out of cash. So they won’t have to worry about being broke or going into debt over everyday purchases. If you are serious about your finances, then you will find this app useful.

Pros & Cons

  • Free app for users
  • Have Cash flow detailed system
  • Easy to use
  • Technical issues are there
  • No phone support
  • Costly for paid version


PocketGuard is a web-based app that tracks your spending. It also estimates your future cash flow for big purchases. The user enters his/her regular income after all of their bills are paid. The user can set up multiple budgets to manage the different categories they spend money on.

PocketGuard automatically tracks how much money is spent on each category every day of the month. It will also show real-time cash flow projections to visualize your future spending habits. You can even schedule transactions for specific date ranges. The program will then calculate monthly, weekly or daily budgets. It also tracks all major spending categories such as rent, groceries, eating out, etc.


Best Budget application to save money

emma app - The 16 Best Budgeting Apps of 2021
  • Cost: Free ( Pro version-$30 per year)
  • Free trial: N/A

Emma is a powerful expense tracker and money management app. This app will control your finance and budget. Emma analysis financial transactions in detail. It also tracks your bank accounts and shows you how to grow them. Emma uses SSL 256-bit encryption – the same security protocol that banks use.

Pros & Cons

  • Detailed financial analysis
  • Automatically categorize transactions
  • Get weekly spending reports
  • Not a user-friendly
  • Have some technical issues
  • Expensive for pro version


The Emma app is designed to allow women to more easily plan their monthly budgets. Emma allows users to input their monthly income and spending on items. With this information, Emma can organize the user’s savings into separate categories for each of these expenses. Additionally, this app allows the user to navigate throughout the entire month. It has different colors representing types of spending. It also includes customizable categories and alerts so that users can be informed of certain spending habits.

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Why do I need budgeting apps?

Well, the answer to that really depends on your financial standing. While popular budgets can be helpful. They tend to exclude important financial information such as investments and taxes. If you’re doing poorly and want to plan for future purchases. Then it’s probably hard to imagine not having a budgeting apps. On the other hand, if you are in excellent financial standing with few desires or aspirations. Then maybe it isn’t so important.

I would recommend apps like Mint, PocketGuard, EveryDollar, etc. Because they combine personal finance management with automation. For example, automatically deducting savings from each paycheck for investment accounts. We need an app for savings for better future goals. You can create budgets for individual expenses like groceries, entertainment, and dining out.

This way you know how much cash flow is coming in and going out of your bank account. Which makes it easier to track your financials. The budgeting apps help you learn where you are spending money. So that you can spend smartly without going bankrupt.

What are the benefits of Budgeting Apps?

There are serval benefits of using budgeting apps. There are serval benefits of using budgeting apps. First of all, they are very easy to use. Budgeting apps help keep track of spending activity on your cell phone or manage finances.

The app allows users to see where their money is going. How they can reduce spending in certain categories like shopping or dining out. This way, they get a better picture of what kind of life they are living financially. Below you find some basic benefits of the best budgeting apps:

1 A User-Friendly Interface:

Budgeting apps are usually very user-friendly. They have an intuitive interface that allows users to add expenses and income easily. This app also provides a free report card at the end of each month. This way, you know how much money you’ve saved or lost in a certain month. You can also dig deeper into your expenses and see where you’re spending most of your cash. They help you handle all your bills correctly, plan for a vacation or save up for a home.

2 Organize Finances Efficiently:

Budgeting apps can organize your finances efficiently. They act like accountants that keep track of all the incoming and outgoing cash flows. The apps also help you track expenses that might need tax deductions. So, you can avoid an unnecessary audit or penalty charges from the IRS. You can see where you’re spending too much money, which helps you manage your cash flow better.

3 Have Better Accounting Finances:

There are many budgeting apps available in the app store. The healthiest way to use an app is to have multiple apps for different purposes. Budgeting apps are efficient in managing accounting finances. You can have separate money management apps for spending, saving, tracking net worth, and investing. Using an expense tracker helps you figure out your cash flow which leads to better planning of expenses. You can also use this information along with any other financial software like Excel sheets etc.

4 Become More Confident With Your Financial Decisions:

With a budgeting app, you can take control of your future financial decisions. You can see the different avenues that you could follow for your saving habits. Instead of just saying that “you need to spend within your limits”, the apps will help you realize what those limits are. And it makes you confident for your better future plans.

5 You will learn How To Meet Financial Goals:

Apps have built-in calculators that help you figure out how much you need to save for life events. Apps offer tips and suggestions on where to cut down unnecessary expenses. And start saving money the smart way instead of borrowing from friends and family members. You can adjust your savings amount right within the app very easily according to your current financial status. Money management apps are great because they work with your spending and are not against them.

6 Fewer Mistakes Commits by You:

Everyone makes mistakes on their path to financial success. But what differentiates good from bad is admitting them and taking steps towards correcting them. Using Budgeting Apps ensures less of this financial faux pas. As they have help guide users over time fiscal mistakes are less likely to be made.

7 Budgeting in real-time:

The best budgeting apps allow you to set up a budget in real-time. Keeping track of spending in real-time is an effective way. To stay ahead of your finances and build a healthy financial plan for yourself. You can create new transactions on the fly. That is immediately added to your running balance. When you get paid or spend cash, entering it into your app takes only seconds, as well.


1 Which budget app is best in tracking spending?

There are many budgeting apps, but some of the most common ones are Mint and personal capital. One thing to keep in mind is that both were created by companies that make money when users sign up for their mobile service. If you’re wary of this addition-on cost, then consider using Envelopes, which does not charge any hidden fees.

Personal Capital is the best app when it comes to managing your personal finances. It’s actually dedicated (part of the fee) resources to pinpoint credit card fraud and help protect online shoppers from identity theft- one less worry

2 What are the budgeting apps offer?

The best budgeting apps offer a good mix of simplicity, convenience, and power to help you take control of your finances. The key is finding an app that’s easy enough to use for someone without a budgeting background. But also powerful enough to keep up with people who have experience setting financial goals.

Additionally, it provides the user opportunities to be rewarded for feeling financially responsible at each stage of progress towards those goals. Plus there’s The Budget Project that allows users to track their spending habits through weekly action steps.

3 Which app is best for personal finance saving?

The app that will work best for you depends on the type of personal finance that you’re looking to track, but if your goal is to save money then I would recommend an app like personal capital. It rounds up all small purchases and invests them automatically in a diversified portfolio of index funds. Personal capital is its automaticity, convenience, and hands-off approach for investing your spare change or pocket cash into a diversified financial portfolio with a downside volatility guarantee.

4 What budgeting features we should know before buying paid apps?

It depends on what type of budgeting you’re looking for.

Money management apps can help with your budget even if you already have a monthly plan to cover other aspects, but many of the top money management apps are paid. If your needs are more specific, like splitting costs with friends or tracking categories of spending, then the features should be told before buying an app. Like:

  • The ability to input ahead of time how much money is coming in and going out every month
  • Split transactions, so at the end of a purchase, it will automatically figure out if there’s any room left in your budget
  • Automatically categorize transactions into preselected categories
  • Track savings goals so you can see how much progress towards your goal you’ve made this month.

5 What is multi-factor authentication?

Multi-factor authentication is a process in which a computer network, in conjunction with a server or different devices, recognizes that an unauthorized user is accessing the device. Multi-factor authentication is a layer of security that improves your account’s protection by asking for two or more pieces of information. Sometimes the choice is between something you know (like a password) and something you have (like a phone), while other times it might be between two passwords, requiring you to enter them both. It doesn’t matter which factors you choose; just remember that the more factors there are, the better protected your account will be.