Keeping track of your finances will surely pay you in the long term and it should be on top priority for those who indulge in impulsive spending. Arguably, keeping track of the expenses and that too daily may not be an easy task; but, your Smartphone can prove to be a rescuer for this task. Here’s a look at such apps which can effortlessly help you to take control of your personal finances.
Toshl Finance has emerged as a great tool to record your expenses, income and budget all at one place. This is a user friendly app which reminds users to record their daily transactions at a convenient time set by them. It allows users to save expenses as recurring in order to save time and the bill organizer function activates push alerts for bills that are due to be paid. It’s foreign currency converter and daily exchange rate chart make it easy to keep track of the money spent outside the country. Finally, it is a great app that provides a bird’s eye view of the entire personal finance data using graphs and infographics.
Money Lover comes as a very simple app where you can add income from salary and other payable or receivable amounts. It also covers debt management part and apart from budget planning, it also offers options like savings campaign which acts as a mini financial planner to plan for future goals. Expenses can easily be divided among separate heads like shopping, entertainment, etc. Bills section assists in managing the monthly bill payment like mobile, electricity and the like. The app also includes some tools like tip calculator, currency convertor, ATM finder and interest rates.
Expensify is handy to frequent travelers who can track their cash expenses, credit card expenses and bank account, on the go. It is a digital app with optical character recognition technology that allows scanning receipts and note data using a SmartScan feature. GPS for tracking the mileage of a vehicle is also available. All the expenses can be ‘sync’ed to create reports for analysing your personal financial situation.
Expense Tracker Plus
It is another app to record all types of expenses and is simple to operate. It records the expenses on daily, monthly and yearly basis and reflects the savings from income received on the home screen of the user . It allows a user to edit the date, time and categories while feeding income or expense data.
Daily Expense Manager
As the name suggests, this app is meant to record your daily expenses as well as income. It is basically meant for people who just want a quick record and the colour coding helps to navigate through the app’s interface. Different categories of income sources, expenditures can be added. Additionally, the expenses can be viewed by date, month, payment and even category.
About the Author:
Reenika is a Certified Financial Planner and has more than 6 years of experience in the financial service industry. She can be reached at firstname.lastname@example.org