Weekly Review: Best Budget App for iPhone

Weekly Review: Best Budget App for iPhone

Last updated October 23rd, 2019.

5 minute read
TFF's Rating:
5/5

Times are tough for many people these days. For those of us who are struggling, a few dollars can make a huge difference. To help navigate this fine financial line, we’re going to look at what is quite possibly the best budget app for iPhone: Weekly.

There are many different types of budgeting, and this is another one to add to the mix. As they say, choice is freedom, right? While those budgets can bring about challenges of budgeting, it’s always good to have more options.

The app is new on the market, but it treats budgeting a little bit differently than its predecessors. How is this app different? So many apps focus on monthly budgeting, but Weekly is different. As you probably guessed by now, it focuses on weekly budgeting instead.

This makes it one of the best budget apps for iPhone. After all, weekly budgeting can make a lot of sense for a lot of people. With so many folks teetering on the edge, it may be much easier to focus on a weekly budget.

I’ve mentioned many times on this blog the statistics showing that many people and families have inadequate emergency funds. If you don’t have a lot of wiggle room in your finances, budgeting out an entire month may be difficult – if not impossible.

So, is Weekly the best budget app for iPhone? Let’s take a look.

Getting Started with Weekly Budgeting

When you first launch the Weekly budgeting app, you’ll have to complete the typical steps of creating an account and such. Once that is done, Weekly will take you through a step-by-step wizard to gather some basic info.

Income information

One of the first things you’ll be asked to do is add your income. You’ll also add how often you get paid.

In addition, you will have the option to add any additional income (perfect for the side hustlers!).

Expenses

After adding your income, the next thing you will add are your expenses. These can be one-time expenses, recurring expenses, or both.
 
In particular, you’ll input the following expenses:
  • Housing
  • Transportation
  • Bills & utilities
  • Loan payments
  • Subscriptions
  • Education
  • Kids
  • Donations
  • Savings & goals
You probably won’t know all of the one-time expenses you’ll have in the future. Don’t worry – you’ll be able to add them later.
 
And, of course, you can always modify your expenses if necessary.

Once you’ve added all of your expenses, Weekly will give you a summary of all your recurring expenses:

Recurring expenses on Weekly, the best budget app for iPhone.

Notice you will also see your “averages.” If these are trending in the wrong direction, they might need your attention.

Linking Your Bank Account

In addition to adding your income and expenses, you can also link your bank account(s).
 
Linking your bank account is useful because this will allow the app to automatically pull in your expenses. You’ve already added your recurring expenses by this point, but this will catch most of those one-time expenses.
 
The app supports most major banks:
Adding your bank account to Weekly.

Tracking Your Weekly Spending

Once you’ve added your income and expenses and linked your bank account, the app will do most of the work for you.
 
Perhaps the single most useful feature of the app is its Safe to Spend tracker. That is seen below. It’s pretty self-explanatory; this is how much you are safe to spend for the remainder of the week.
 

Rollovers

Rollovers are another feature of the app. Also fairly self-explanatory here. Will rollovers turned on, any leftover budget money will be rolled over to the next week.

You can also opt to turn rollovers off, meaning your budget each week will always be the same based on your income and expenses.

Below you can see the Safe to Spend in action. You can also see a comparison of the same budget with rollovers on and with rollovers off.

Budgeting Guides

The app also has guides to help you manage your budget successfully.
They cover valuable topics such as budgeting, setting an allowance, and spending. You can certainly let the app just “do its thing” – but if you also want to learn, this is a great way to do it.

These topics are something of most of probably didn’t learn about in school. And, unfortunately, probably not our parents, either. That is not the fault of any one person but is more of a systemic problem.

Whatever may cause our financial knowledge to be a bit lacking, it’s never to late to learn. And the more information we have available to us, the better.

I would recommend giving these guides a read-through as you never know what information you were previously missing.

Weekly: Best Budget App for iPhone

Weekly is a very useful app. If you are struggling to make ends meet, it can be difficult to budget for an entire month.
 
And yet, many traditional budgeting methods focus on monthly budgeting. Instead, the aptly-named Weekly focuses on weekly budgeting.
 
Budgeting in this way allows you to be laser-focused while knowing exactly where your money is going. As a result, you’ll be able to get your finances back on track.
 
If you’ve ever been frustrated with traditional budgeting methods – especially those focused on monthly budgeting – I recommend giving Weekly a try.
 
Currently, the app is only available for iPhone and other iOS devices. It may be released for Android at a later date.
 
So, if you have an iPhone – go ahead and give Weekly a try. This just might be the best budget app for iPhone.
 
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Hey there. My name is Bob Haegele and I blog about personal finance here at The Frugal Fellow. I’m also an alternative energy and EV enthusiast and have recently become semi-vegetarian. Another thing I started doing recently? Dog walking. I’m now doing that as a side hustle and loving it! I’m now working toward financial independence making money via my own ventures. If you’d like to work together, send me an email.

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