Are you tired of keeping a record of all your expenses by yourself? Manual tracking is tedious and inaccurate, it is important to manage your expenses cautiously. One of the easiest ways to manage your expenses is by installing the best expense tracker app.

How eagerly we wait for the payday each month and each passing day brings us great joy, doesn’t it? But the question is how long does that joy last, maybe a week or two? Expenses are giant monsters that quickly eat our income and one keeps wondering, “Where did all my money go?”

best budget app

Functionalities of Budgeting Apps:

  • Bank Account Sync
  • Set Budget
  • Helps you stay on top of your finance game
  • Offers great financial advice and insights
  • Helps monitor cash-in and cash-out patterns
  • Ensures all your important data is safe and secure and does much more.

Can you imagine doing it all on your own? And we are not judging.

Let’s have a look at the kinds of expenses that individuals have to deal with on a regular basis. Of course, there are fixed expenses depending on the individual. Usually, these expenses are monthly rent, monthly installments on the house, car, etc. These are easy to keep track of because they are recurring and also keep you mentally prepared. But some expenses aren’t planned, it can be a medical emergency or unexpected travel plans and sometimes we end up overspending and overindulging on the things we may not require and exhaust the money in just three weeks into the month.

So keeping track of your income and expenses will give you an insight into your good and bad spending patterns. Here are 3 reasons why you should have a record of all your spending.

Going overboard with the expenses can lead to a lot of stress, because if it becomes a pattern you may end up borrowing money from others, which again isn’t a good sign.

Reveal spending issues

It will highlight adverse spending, so you can eliminate it with time.

It Helps you SAVE

Saving money for emergency funds, paying debts, retirement, buying a home, or even gold, etc., is as important as sticking to a budget. Money set aside can help you create a saving plan which further will streamline your spending.

Good habits go a long way

It can be daunting, knowing where you spend, and keeping recording it monthly, but embracing a good habit takes time, and we advise you to not stop. Realizing the patterns will eventually help you prevent overspending on things and activities that you don’t pursue.

AppKey FeaturesPlatformFree/Paid
YNAB (You Need A Budget) Real-time syncing, debt reductioniOS, AndroidPaid (34-day free trial)
Quicken SimplifiFull-service financial management, investment tracking, bill payiOS, AndroidPaid
Goodbudget Envelope-based budgeting, debt tracking, family sharingiOS, AndroidFree, Paid for Premium
Expensify Receipt scanning, mileage tracking, real-time reportsiOS, AndroidFree for individuals, Paid for teams
QuickBooks Business expense tracking, invoicing, tax calculations, financial reportsiOS, AndroidPaid (30-day free trial)
EveryDollar Zero-based budgeting, debt payoff planner, financial goalsiOS, AndroidFree, Paid for Plus
Money Manager & Expenses Personal expense tracking, budget setting, asset managementiOS, AndroidFree
Empower Personal CapitalBudgeting, expense tracking, savings recommendations, cash advanceiOS, AndroidFree
Spendee Multi-currency, shared wallets, customizable budgetsiOS, AndroidFree, Paid for Premium

Best Personal Expense Tracker Apps:

In this article, we look at the best budget tracker apps of 2024, each offering a unique set of features and benefits to help you take charge of your financial journey. Let’s explore these digital financial options that can turn the often difficult task of tracking expenses into a simple, efficient, and enjoyable experience.

1. YNAB (You Need a Budget)

It is an acronym for You Need A Budget, and it’s an intuitive app that serves the purpose of tracking and monitoring your income and also providing instructional support to assist you in realizing the causes that lead to financial problems.

This best personal finance app allows the user to link their accounts, i.e, bank, credit cards, loans, etc, and also import transactions automatically, displaying the complete monetary picture in one place.

YNAB (You Need a Budget) app

YNAB (You Need A Budget) works on the philosophy of “defining a job for every dollar”, be it your funds, be it for investing, for debt repayment, or simply to cover daily expenses. Another aspect of this app is that it stops you from living a life that depends on the monthly paycheck, the systematic budgeting it offers keeps you ahead in monitoring your money.

YNAB Pricing: After a 34-day trial period, YNAB charges a $14.99 per month and a $190 per year ($9.08 per month) discount on an annual plan.

Download

2. Simplifi

By Quicken, Simplifi is a personal finance app that helps you take care of your money. It lets you track your spending, set up a budget, and manage your investment accounts.

With Quicken Simplifi, you can easily see where your money goes, make a budget that works for you, reach your savings goals, and plan for the future with cash flow forecasts. No matter what stage you’re at with your finances, Quicken Simplifi is here to support you.

simplifi smart budget app
*image: simplifi by quicken

You can customize everything to fit your unique needs, whether it’s for personal finances, business, or managing property. Many users start by tracking their spending and then go on to create their investment plans to grow their wealth, discovering endless possibilities as they go.

Features

  • Refund tracker
  • Credit monitoring
  • Track expenses across multiple categories
  • Bills and payments
  • Customizable reports

Simplifi Pricing

  • $3.99 per month
  • No free trial, but users can request a full refund within the first 30 days.

Download

3. Goodbudget

Goodbudget - online expense tracker
image: goodbudget

This is one of the best apps for envelope budgeting and monthly spending tracking. It follows a time-tested envelope budgeting technique and helps you stay on track with your near and dear ones through a virtual budget program. Using this daily expense tracking app, every month after receiving your paycheck, you can set aside your monthly spending and choose how to spend the rest of the amount for something important and sudden. You can sync and share your budget with your friends and family members, pay debts, and save money for future big expenses.

Features

  • Budgeting that works
  • Envelope method
  • Sync & share household budgets
  • Save for big expenses
  • Pay off debt

Pricing: Goodbudget app is free. Goodbudget Premium plan is available at $10 per month or $80 per year for a more budget-friendly annual option.

Download

4. Expensify- Best Expense Management App

This is the spending tracker app to monitor your spending and other transactions, Expensify has a similar approach, but for working professionals, everyone can use it. It’s in the list of Best 100 Cloud Companies Worldwide- Forbes, 2016.

Employees can have their corporate account made on Expensify, which makes it easier for them to be compensated for expenses, and it keeps all transactions in one place so the tracking is smooth.

Expensify - best expense manager app
*image: expensify

Any Corporation can set up multiple employee accounts who are using a similar email domain and sync it to the Expensify account. You can use the in-built SmartScan to scan the receipts. Accounting teams can keep everything in one simple dashboard, handle reimbursements quickly, and easily import entries into their accounting software.

Features

  • One-Click Receipt Scanning
  • Credit Card Import
  • Multiple Approvers
  • Corporate Card Reconciliation
  • Accounting, HR, and Travel Integrations
  • Multi-Level Coding
  • Advanced Tax Tracking
  • Audit and Compliance
  • PCI-Compliant Security
  • Delegated Access

Pricing: Expensify for free as an individual. The basic plan is $5 per user for 1 to 10 employees, and the Control plan is $9 per user for 10 to 1,000 employees.

Download

5. QuickBooks Online

*QuickBooks online accounting software handles your finances business

QuickBooks Online is a financial management software that helps businesses monitor and handle their finances. QuickBooks can track your spending, pay your staff and contractors, and above all, help your business grow. Using this app, you can have a clear understanding of your regular expenses, pay your employees, track expenses, receive payment online, and set your new business expense management on track without even having any expert accounting skills.

Features

  • Cloud Accounting
  • Invoicing
  • Online Banking
  • Accounting Reports
  • Cash Flow Management
  • Tracking
  • Accounting Reports
  • Multi-currency support
  • Free unlimited support
  • Tax Preparation

QuickBooks Online Pricing

  • Free trial for 30 days
  • Simple Start: $35 a month
  • Essentials: $65 a month
  • Plus: $99 a month
  • Advanced: $235 a month

Download

6. EveryDollar – Zero-Based Budgeting App

Ramsey EveryDollar Zero Budgeting app
*image: everydollar

Do you feel budgeting your expenses is a tedious task? All you need is the right app to track monthly expenses. EveryDollar app offers zero-based budgeting to keep track of expenses, helping you set a budget and manage money in just a few clicks. In addition, paying off debt becomes easy, and planning for future expenses becomes less stressful and more seamless. One of the best things about the EveryDollar tool (Ramsey) is it can be directly connected to your bank account. There each of your transactions automatically streams directly from the bank account.

Features

  • Personalize your budget
  • Paycheck Planning
  • Financial Roadmap
  • Unlimited Budget Categories
  • Set up savings funds
  • Avoid checkout-line freak-outs
  • Set Due Dates
  • Split Transactions
  • Make Notes Within Budgets

EveryDollar Pricing

  • EveryDollar is free
  • Premium version free for 14 days
  • Premium version after free trial: $17.99 per month or $79.99 per year

Download

7. Money Manager Expense & Budget App

Money Manager budget tracker app
*image: Money Manager

Money Manager Expense & Budget is a feature-rich finance management program that allows users to effortlessly take charge of their finances. This app provides a comprehensive solution whether you’re an individual looking to construct a more organized budget or a small business owner looking to streamline spending monitoring. The application organizes your costs, allowing you to see where your money is going. Its user-friendly UI, extensive functionality, and dedication to customer privacy make it an excellent pick among money management apps. Money Manager can assist you in achieving your financial objectives with ease and confidence. Download it now and start on your journey to financial success.

Features

  • Expense Tracking
  • Budgeting Made Simple
  • Bill Management
  • Income Tracking
  • Customizable Reports
  • Multiple Currency Support
  • Security and Privacy

Pricing

  • Free to use

Download

Read Also: 7 Best Business Expense Management Software for Transparent Expense Tracking

8. Empower Personal Capital

Empower, which used to be called Personal Capital, is a wealth management platform that helps you with financial planning and investment advice. It also offers a budgeting app and investment accounts to manage your money.

This is the best expense tracking app that helps you manage your finances by putting all your accounts in one spot. You can track your bank accounts, 401(k)s, IRAs, investments, stocks, and any debt you have.

Features

  • Net worth tracking
  • Personal dashboard
  • Retirement planner
  • Investment checkup
  • Fee Analyzer
  • Financial calculators
  • Investment tracking

Pricing:

Free to use

Download

9. Spendee

Spendee is a free budgeting app. Manage all your finances and expenses and align your budget efficiently through Spendee. It helps you keep track of both your earnings and your expenses in one place and this way you can control your spending.

With the Account syncing option, you can keep a tab on your finances and set a budget and savings goals. Having all the money and related activities gives you a clearer picture and Spendee does exactly that.

Spendee - expense tracker app
*image: spendee

This best budget planner is equipped with a bill tracker, which lets you know when you are due on the utility bills, and since it deals in multiple currencies, monitoring expenses while traveling is a cakewalk. It has an interactive user interface that is easy to use.

Features

  • Shared wallets
  • Track spending
  • Connecting bank accounts
  • Multiple currencies
  • Customize Spendee
  • Alerts and reminders
  • Sync and backup

Spendee Pricing

  • Free trial for 7-days
  • Premium: $2.99/month or $22.99/year
  • Plus: $1.99/month or $14.99/year
  • Basic: Free

Download

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To Wrap Things Up

Let’s know your views or your experience if you use any of the above budget tracker apps that get your money into shape, and we also welcome suggestions.

All of the money tracker app mentioned above have millions of downloads and have good reviews on both Google Play Store and Apple’s App Store. Now, these apps don’t promise to make you rich instead will help you gain better control over your finances. It will help you realize your good and bad expenses, help you save for the future, and make you bring financial stability.

FAQs on Expense Tracker Apps:

What is the best way to track your expenses?

The best way to track your expenses is to create a budget that outlines your spending goals and regular income. You should start by letting the budget reflect your current financial situation – income, bills, debts, investments, and other expenses – so that it’s an accurate representation of where you stand financially.

How to choose a budgeting app?

Consider factors such as the app’s availability, cost, and customer service. With just a bit of planning and consideration, you can find the right budgeting application easily.

Are expense tracker apps worth the cost?

Best expense manager apps can be worth the cost for those looking to get a better handle on their expenses and stay on top of their financial goals. They can provide a clear visualization of where your money is going and allow you to create budgets, save goals, and more.

Are expense tracker apps safe to use for managing sensitive financial information?

Yes, reputable expense tracker apps employ robust security measures like encryption and user authentication to protect your financial data. Always choose a trusted app with a good track record.

What are some key features to look for in an expense tracker app?

Look for features such as expense categorization, budgeting tools, customizable reports, and the ability to set financial goals. The best apps provide a user-friendly interface and strong customer support.

Can I access my expense tracker app on multiple devices?

Most expense tracker apps offer cross-platform compatibility. You can access your data on smartphones, tablets, and desktops through dedicated apps or web interfaces.

How do I choose the right expense tracker app for my needs?

To choose the right app, consider your specific requirements, such as budget complexity, platform preference, and integration needs. Read user reviews, compare features, and, if possible, try out a few apps to see which one suits you best.

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