Saving money despite managing all the essential needs is an art that very few are able to master. While cutting down the extravagant spending and bumping up the saving may appear to be a hard nut to crack to some, it’s actually a straightforward affair if you can adhere to your set budget. Whether you have taken a new year resolution to save more money in 2022 or manage your finances like a pro, these 10 best expense tracker apps for iPhone and Android can prove to be a well-timed shot in the arm for you.
Most expense tracking apps let you set up a budget with a clear goal about how much money you wish to save. Once you have created a custom budget based on your spending, the app provides you a clear view of your total spending and also warns you whenever it finds you going overboard with your spending.
- Wally
- Spendee
- Pocket Expense 6
- Mint
- Spending Tracker
- Money Lover
- Moneyfy
- Expensify
- Money Manager: Budget&Expense
- Wallet – Daily Budget & Profit
1. Wally
If an easy-to-use and smart personal finance assistant is what you are looking for, “Wally” is the one I would recommend you to try out. The expense tracker lets you set a budget depending on your goal. And then, it helps you keep a track of each and every expense, ensuring you don’t miss out on the things that matter.
Install: iOS and Android (free, offers in-app purchases)
2. Spendee
Spendee is a neat budgeting app that promises to cut down all the unnecessary expenses and enable you to save more money than ever before. And from what I can tell after giving it a shot, I must say that it has got the features to keep an eye on spending and preventing it from going overboard – without breaking any sweat.
- Flexible budget
- Automatically organizes your expenses
- Detailed graphs
- Dark mode
Install: iOS and Android (free, offers in-app purchases)
Should you wish to go for a fully-featured personal finance assistant, Pocket Expense could be the right answer to your needs. For a more simplified expense tracking experience, the app lets you sync all of your accounts and manage them without having to move from one account to the other. With the daily, weekly, monthly, and yearly stats, the app ensures you have a transparent perspective about your spending.
Key features:
Install: iOS (free, offers in-app purchases)
Touted to be the number one personal finance and budgeting app, Mint is second to none when it comes to taking control of expenses. To get going, you can set your financial goal based on your requirements and use the actionable insights to reduce unnecessary spending and save more money than ever before.
Another notable feature of this app is the money tracker that provides a quick view of your account balances, budgeting, account balances to keep you in complete control. Not to mention, Mint also provides your credit score in order to let you know how well you are performing in the credit department.
Install: iOS and Android (free, offers in-app purchases)
While Spending Tracker may not be a feature-packed expense tracking app, it’s got you covered with all the easy-to-use tools that can let you monitor your spending and cut down the not-so-smart expenses. The app has a clean interface and lets you track your spending weekly, monthly, or yearly. Based on your target, you can set a fixed budget and track the spending.
Spending Tracker shows a summary view of all of your spending progress, therefore you can take a quick glance at the expenses without needing to dig deep. It allows straightforward transaction entry and also offers you the flexibility to repeat/export transactions.
If you find budget planning an inconvenient affair, you shouldn’t miss out on Money Lover. The app lets you set up your budget with ease and also create several sub-categories so that you can monitor both extravagant and minor spending.
Install: iOS and Android (free, offers in-app purchases)
7. Moneyfy
Moneyfy is the sort of expense tracker that seems complete in more ways than one. For starters, the app provides one of the most detailed charts that are designed to offer thorough insight into your spending. So, whether you are willing to bump up your saving or get rid of all the overspending that has been hurting your finance, you can count on it to sort out your financial mess and put things back on track.
- Multiple currency support
- Efficient calculator
- Supports both Google Drive and Dropbox
- Detailed reports
If you are hunting for more than just a simple expense tracking app for your iOS or Android device, Expensify deserves to get your attention. With Expensify, you can track your business, personal expenses, scan receipts, and even your book travel. Thanks to the integrations with several accounting apps including QuickBooks, Xero, NetSuite, Sage Intacct, and more, it enables you to manage your expenses with better control.
- Integrations with several accounting apps
- Custom report exports
- Advanced tax reporting
- PCI-compliant security
As someone who prefers a simplified experience, I have found Money Manager up to the mark. There are the reasons why it’s worth giving a serious look. First and foremost, the app features a neat calculator function to let you quickly do your maths. Second, it allows you to manage all of your accounts from one place and also offers the flexibility to set up as many sub-categories as you need.
Last but not least, Wallet is a proficient personal finance app that you can use to manage your budget. The app offers a flexible budgeting system to let you set one time or recurring budgets. Based on your needs, you can combine several categories and keep a tab on them. Furthermore, it automatically syncs transactions with your bank and also keeps you in the loop about each update.
Long story short, Wallet is an able personal finance assistant that can let you manage your spending with the desired control.
So, these are the best spending trackers that can play a vital role in enabling you to manage your expenses with better control. Thanks to in-depth reports and actionable insights, they can keep you fully informed about how your money is spent. And with the pro advice, these expense trackers can also help you find ways to reduce unnecessary spending and bolster saving.
