You can find an endless supply of online budgeting software. Some are great and others not so much. The challenge is to weed out the ones that are not worth your time and find the right one for you.

I have put together a list of free online useful budgeting tools that I have found to be helpful. I am only listing free budgeting tools in this post.

Useful Budgeting Tools

One of the most well-known and popular tools is Mint. Mint allows you manage your money online by linking your bank accounts to Mint. If you are not comfortable with linking your account to a third-party software, then this is not the right option for you as Mint will not work without linking to your account.

It will download all of your transactions from your linked accounts and update your profile automatically as you make transactions. You can generate reports that provide a summary of your financial situation.

Budget Simple

Budget Simple is as the name suggests, simple. It provides basic functionality of entering income and expenses in a software that can generate basic reports. It is a good starting point for someone is just beginning to get into budgeting or someone who needs basic software. However, there is a subscription plan that does provide some extra features if you feel the need to some added functionality. In any case, it is a useful tool worth considering.


Buxfer is another useful budgeting tool that I like. It also allows you to manage your finances online by linking to your bank accounts. It can link major Canadian banks. However, it provides the ability to continue without linking to your accounts if you don’t want to. It does have a lot of features if you want to get into budgeting and managing your finances. There is also a paid subscription plan that provides additional features. However, for most people, the free option should be sufficient.


Do not underestimate the power of Excel. Excel is a very powerful tool if you know how to use it. The benefit of using Excel is that you can build your budget the way you want to. It provides you complete control. If you are looking for a good budget spreadsheet check out our spreadsheet. Another added benefit is that you don’t have to provide access to your bank accounts.

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