Spendbrite is a free online budgeting software that lets you create budget online, and then track your spending against budget. It follows the simple cash envelope based approach in which you set aside money for each category at beginning of month, and then use money from that envelope only.
On the same lines, Spendbrite let you budget spending for different categories like, Entertainment, Gas, Groceries, etc.. You can also create your own custom categories. After that, whenever you make an expense, you just need to record it against its relevant category. Spendbrite also comes with a mobile app, so you can record your expenses as soon you do. When you record expenses, Spendbrite keeps reducing that amount from your budgeted amount.
Spendbrite presents a nice dashboard that shows the amount that is left in each of your budgeted category. This gives you a quick overview that how much more money you can spend this month, and if you are exceeding budgeted amount in any category.
Spendbrite is quite easy to use, and I really like its simplicity. It is also useful for those who do not want to use applications like Mint for fear of privacy. In Spendbrite you do not have to provide any bank or credit card information, so you do not have to worry about that.
Some other online budgeting tools that we reviewed earlier include: BudgetSketch, and Budget Tracker.
Here are some of the features of Spendbrite free online budgeting software:
- Completely online budget planning, and nothing to download or install.
- Enter expenses from web, or your mobile app.
- Create custom spending categories
- You can track savings that you made in any month.
- There are graphs and reports to give you a quick visual overview of your budget.
Spendbrite is completely free.