February 22, 2018 3:44 pm Written by

The Best Online Budgeting Tools

Keeping track of our money is increasingly difficult with new technologies such as contactless cards and one-click payments. However, today we are also at liberty to utilise the developments of fintech to help track and control our spending habits in a way that was previously unforeseen.

There are now a plethora of technologies and online tools that are designed to help you to create budgeting plans and, most importantly, to stick to them. Here are our the best online budgeting tools to date, brought to you by GuarantorLoans.com.


Splitwise isn’t strictly a budgeting app; its primary focus is to facilitate a fair split of shared payments between groups. This app works brilliantly for those who are doing a house-share and need to divide things like rent, council tax, water bills between them. Splitwise also enables you to weight the payments unequally, which is great if you are not paying equal amounts of rent each month (perhaps in relation to bedroom sizes, or salaries).


You can create multiple groups on Splitwise so that you can arrange multiple splitting groups. The app tells you how much you owe and to whom you owe it, and allows you to ‘settle up’ with them accordingly. This free app will seriously better your relationships within a home when it comes to sorting out the financials.


Mint, by Intuit, pulls together your financial information to create a complete picture of your standing. It allows you to create budgets, track investments, check your credit score, and view your spending patterns.


The tool works by connecting to your bank account and pulls through the information in order to deliver to you a personalised plan for budgeting. It is also designed to alert you to possible savings that you might be missing along the way.

Mint is free to use and is compatible with iOS, Amazon, Andriod and Windows Phone.

You Need a Budget (YNAB)

You Need a Budget works by enabling you to divide your money into digital ‘pots’ so that your income has a pre-assigned purpose to inhibit you from impulse-spending.


YNAB explains the steps of ‘Rule One’ as follows:

  1. Get some dollars 
  2. Prioritise these dollars
  3. Follow the plan

The user categorises their ‘pots’ in relation to what they need to spend their money on. For instance, you may have one ‘rent’ pot, one ‘eating out’ pot, and one ‘treats’ pot. If you overspend on one pot you can move some of your money over into another one, but the tool is designed to stop you from overspending on your categories by giving you a balance to look at.

YNAB takes you through a number of ‘rules’ which are designed to give you a new framework by which to organise your financial habits. This is more than a ‘watch what you spend’ application; it hinges on the notion that we should be changing our behaviours fundamentally when it comes to spending.

What’s the catch? It isn’t free. YNAB does offer a 34-day free trial, but after that it costs $5 / £3.50 (approx) per month, or $50 / £35 (approx) a year. YNAB, strictly speaking, is desktop software with a handy app which functions with it.


OnTrees connects all of your current accounts, credit cards and savings accounts so that you can view all of your transactions in one place. The benefit of this is obvious; if you are somebody who uses multiple cards, with OnTrees you no longer have to log in to all of your separate accounts in order to view your activity.


OnTrees goes further than combining your accounts for you. It also categorises your expenses, and does it by colour-coding and adding icon images to them! This is ‘to make your spending as meaningful and fun as possible’, they say.

OnTrees is available through the web and as a downloadable app, and it is free.

Cost of Moving House Calculator

Compare My Move’s Cost of Moving House Calculator will help you calculate the cost of moving house. If you’re planning a house move, then knowing all the hidden costs beforehand will help you stay on track, ensuring there are no surprises added to the stress of your move.


The calculator gives you a full breakdown of costs, even helping you calculate stamp duty based on your country or if you’re a first-time buyer. This tool is useful for an estimate of how much additional cash you’re going to need before moving to a new house.

Many people think that once they’ve saved enough for a deposit they’re in the clear. However, Compare My Move’s research shows that the average house move costs an additional £9,000 in estate agent, conveyancing, stamp duty and removals fees.

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