Top 10 Money Tracking Apps to Help You Save Money

May 24, 2017 Facebook Twitter LinkedIn Google+ Finance

Money Tracking Apps

Tracking finances isn’t an easy task. Wondering where all that money went at the end of each month is a common problem.

In fact, a survey by PwC, an accounting firm, cited that almost half of their employees listed financial matters as the main source of stress in their personal lives… and they deal with money all the time!

Even the professionals struggle to handle financial matters. It affects us all. But there’s a new wave of technology that’s taking the fuss out of budgeting: money tracking apps.

These apps are explicitly designed to make it easy for the general population to track their money. They’re created so the process is relatively painless in comparison to traditional methods.

Basically, they’re a bookkeeper in your pocket!

Today let’s discuss the top 10 money tracking apps to help you save money. We’ll talk about the benefits of each one so you can pick the app that’s right for you.

Top 10 Money Tracking Apps (SAVE $$$)

Ever struggled to keep track of where that last paycheck went? Suddenly you check your account and you’re shocked by the low number?

We’ve all been there.

Here are the top money tracking apps to help make keeping track easy.

1. Mint

This snazzy free app is visual oriented. It shows you all the accounts you’ve linked, what you’ve spent money on, and how close you are to your budget in each category.

The info is presented in eye-pleasing pie charts that add to the app’s allure. The presentation is more than just a list of numbers.

The biggest bonus of Mint is you connect it to your bank account and it automatically makes you a personalized budget. It takes your spending history and crafts something uniquely designed for you!

2. Pocketguard

Pocketguard wins in the simplicity category. It shows you exactly how much money is in your account, your income, and what you’ve spent in a concise layout.

Once you connect it to your account, it assesses previous recurring payments and gives you future potential advice on what you should budget for. This helps you with financial foresight.

Basically, it’s psychic.

3. You Need a Budget

You knew that already. But that’s also the name of this impressive app.

It works based on four founding premises:

  1. Give every dollar a mission
  2. Be ready for variation and infrequency
  3. Get over it if you overspend
  4. Adapt to live on your last month’s income

Basically, they want to help you build a better financial life. Long term. And they understand things come undone from time to time.

I know I come undone on occasion… if you do too, this may be your app.

4. Penny

Penny isn’t just an app. It’s a sassy and interactive interface that engages you with your budget.

The app will send you text-like messages about your spending habits. Don’t worry, it’s friendly. This platform is great if you need a constant reminder to stay on track.

It’ll send you graphics and friendly messages that will help keep you motivated.

5. Level Money

This app takes a bit of set up, but once that’s done it is easy peasy.

Level Money is low-frills and simplistic in the display. You link your bank account and credit cards to the app. Then, set a percentage each month you want to save.

After that, the app does the rest. It will display how much money you can afford to spend in an easy-to-understand infographic.

6. IOU – Debt Manager

This nifty app is a bit different. Its focal point is around who owes you money and who you owe too.

You can even set up non-money loans, like if you lent a video game to a friend. Create a visual reference simply by snapping a pic of the person and what you let them borrow.

The app allows you to set up partial or repetitive payments and recurring debts. Then, it keeps your history logged so you can see previous transactions.

7. Expensify

This one has a pretty cool trick not all money tracking apps have: photoscan technology. You can log a receipt and have it added as an expense by taking a picture, no manual input needed.

Do you travel for work? If so, this app could be your best choice. It features travel mileage, currency conversions, and time/rate based expenses for the frequent flyer.

8. Prosper Daily

Prosper Daily is a bit more complex — but it has it all. With this app, you can consolidate information about your:

  • Bank accounts
  • Credit and debit cards
  • Credit score
  • Suspicious account activity
  • Account balances

This app is basically the one-stop for a plethora of your financial information.

9. Digit

Digit is your little saving friend. It analyzes your income and spending when you sync it to your account. Then, it decides when you can save a little and does it for you.

Every once in a while Digit will take a small amount, usually between $2 and $17, and transfer it to your Digit savings. It then lets you know about the transfer with a message.

If you really need the money back, no worries. There’s a no overdraft guarantee. But for the most part, it’s pretty good at predicting what you won’t need.

10. GoodBudget

This app basically takes the old concept of budgeting with envelopes into the virtual world. You can put money in your “envelopes”, without drawing out cash and dealing with the real deal.

You can even sync it across multiple devices, so you and your spouse can save up for that next big purchase together. It also teaches you how to save for big purchases and walks you through the process.

Doesn’t get simpler than that!

Start Budgeting Today with these Convenient Apps

These awesome apps can help you budget and save in your own unique way. Now that you’ve read about these savvy money saving apps, it’s time to start budgeting without all the hassle.

59% of Americans say running out of money is their number one fear. Don’t be one of them… take control of your finances.

Whether you’re saving for travel, a new car, or the long-term future, this list of money tracking apps can help you start now.