Do you struggle to keep track of your finances? If, like most of us, the answer is yes, Little Steps Asia has painstakingly investigated the best expense trackers that will help you save money. Everyone knows that it’s essential to be careful with your hard-earned money, but finance tracking isn’t something that necessarily comes naturally. Dive deep into the guide and see which of the apps resonates with you and start to form an excellent monthly habit and you’ll soon see an improvement in your bank account!
With a few simple steps each month, you can easily manage your money. From your salary or allowances, always pay your bills first. Set aside around 20 percent of your income for emergency savings. You can then budget for the rest of life’s necessities such as groceries, gym membership, transport, food, and staff. The trackers allow you to layout your monthly income and expenditure and see where your money goes. Through various settings, you can even establish a daily budget. It’s sometimes quite surprising how quickly that takeout coffee and breakfast can cost.
Experiment with a couple of the trackers until you find the one that suits your needs best.
Wally helps you get on track and start saving. The app gives you budget plans across various categories such as entertainment, groceries, and home to easily control your monthly spending; it has a built-in tracker so you can keep up-to-date with your progress. A handy financial calendar gives you an overview of past and upcoming transactions, which helps you schedule bill payments and helps you create lists to plan your shopping. You can synchronize your accounts to include credit cards, loan accounts, and current and savings bank accounts. If you are prone to misplacing receipts, why not scan them and any other important documents into Wally for safekeeping and easy access?
Wally helps keep you accountable with real-time updates and takes the guesswork out of your finances. Wally is recommended by various financial experts, Forbes, BBC, and the Economic Times. The app is bank-level encrypted end-to-end, PCI compliant, ISO 27001 certified, and GDPR compliant. Currently only available on iOS.
Wally, https://apps.apple.com/app/wally-next/id1178011327, https://www.wally.me/
This app is designed for consumers who want to better control their spending and save more money each month. You can link your bank, credit, and debit cards to the account to track purchases to log expenditure automatically. You can establish your savings goals. The PocketGuard Plus membership allows you to export your budgets directly into Microsoft Excel. Once you have registered your profile, PocketGuard gives your personalized offers on services with lower rates. The app also tracks subscription services to ensure that you are not paying for something you are not using. PocketGuard has in-depth pie chart reports split into your expenses categories. You can customize your reports to be in line with your spending. Another significant element is the IMP or In My Pocket tracker. It tells you how much you have left in your pocket after deducting upcoming bills, financial goals, and Budget from your income.
Mobills Personal Finance allows you to track all of your finances. You can manage your income and expenses from your laptop, tablet, or Smartphone. You can keep track of all of your accounts, credit cards, and bills in one place. You can synch Mobills across various devices, so you never miss anything. Mobills is intuitive and will give you a clear picture of your financial life, create monthly budgets to know how much you have to spend, track your spending and help you save money. The app is simple to use, and you can add expenses according to categories, and it will warm you if you are heading into the red. You can also budget in various categories such as food, clothes, insurance, and gaming. Managing your accounts, understanding where your money goes, creating and adhering to a budget makes for wise decisions and will help you reach your dream goals.
Mint is a cost-free budgeting app that connects all of your financial accounts in one space. You'll have a complete overview of your financial health, be able to track spending and monitor savings and ensure that you are on track with your budget goals. Mint accurately tracks your transactions and simplifies them into various categories to fit your needs. You can sync your bank account, money management, retirement plans, investment accounts, credit cards, and monthly bills. You can even set reminders for regular payments. You can customize the app to suit your needs, reorganize transactions, and add tags to streamline your spending. It's also possible to separate a single transaction into multiple categories. Mintsights™ automatically helps find savings you missed, so you can make your money go further. The app has almost a million ratings on the App Store and Google Play. Forbe’s Advisors recommend it as one of the Best Budgeting Apps.
Spendee encourages you to make smart decisions about your money every day. They believe that managing your finances should be as easy as shopping online. The app helps you get your finances into shape and helps you change your spending habits if necessary. Having a complete picture of your finances in one place makes them easier to manage. Spendee helps you overcome financial fears and gives you peace of mind with financial wisdom.
Spendee is recognized by various financial experts, including Google Developers, weXelerate, Deloitte, European Fintech Awards, and Play Store Editor's Choice in AppStore. The app is fuss-free, visually fun, and straightforward. The free account is relatively basic, but you can sync to your bank account and manage unlimited cash wallets and budgets if you upgrade to the premium plan. You can track your money throughout the month and even have a physical wallet you can use in parallel with your bank account.
Good Budget is intuitive budgeting based on the envelope method. You make envelopes for your various budgeting categories based on your usual monthly spending categories such as rent, bills, groceries, eating out, and school fees. You'll then set aside money for each envelope based on categories, not your bank balance. This way, you plan your spending rather than record it. Good Budget allows you to sync with your household across various Smartphones so that you can keep track of what each other is spending. Having money to save allows you to dream of the things that you've always wanted. Good Budget will also help you pay off any debt. The website has handy tips on envelope budgeting, online courses, goals, debt snowball, and the Japanese Kakeibo budget.
Good Budget, https://goodbudget.com/
YNAB encourages you to be intentional about the money that you spend. They are slightly different in that they help you make a plan and stick to it. Instead of receiving endless notifications showing what you have spent, the app will help you think about your immediate, short-term, and long-term priorities so that you can allocate your money accordingly. The developers understand that things change, and sometimes you need to update or amend your budgets. YNAB wants you to feel in control of your finances and decide what is important to you with their learning tools. Their mission is to afford you a sense of peace and being in control of your finances so that you will never look back.
The YNAB website is full of tips about saving money for milestone life achievements such as buying a house, getting married, having kids, and obtaining financial independence. Try the 34-day free trial on iOS or Android.
The Household Account Book is a simple app that helps you keep track of your money in the cutest way. The app is ideal for people who want to know in detail how they have spent their money and would like to save. When you download the app, you’ll be gifted a comic book, and the longer you stay with Household Account Book, you'll have more comic stories. At the end of each month, you'll have a pie graph showing how you spent your money. The Japanese graphics and comic books make this app fun to use. The Household Account Book is the most simplified version, and you have to log your details manually.
Household Account Book, Google Play, and App Store
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