If you use a reputable budget tracker, then u003cstrongu003eyour information is perfectly safeu003c/strongu003e on budgeting apps. While these apps generally sync with your financial accounts to provide up-to-date information on the app, u003cstrongu003ethey only have “read-only” accessu003c/strongu003e. u003cbr/u003eu003cbr/u003eSo, u003cstrongu003ethey can see your financial information but can’t make any changes u003c/strongu003e(such as transferring money without your consent). u003cbr/u003eu003cbr/u003eAs a security measure, budgeting apps store your financial information on their company servers. This is to ensure that u003cstrongu003eif someone were to steal your phone, they won’t have access to all your financial informationu003c/strongu003e. u003cbr/u003eu003cbr/u003eThe app u003cstrongu003emay show your budget and financial history but not your login detailsu003c/strongu003e. Even if someone were able to hack into your app, they still won’t be able to hack into your bank accounts.