Keeping track of your finances through you own version of bookkeeping – maybe through a logbook or a handy notebook – was considered the norm when the age of mobile devices began to take over. Nowadays, there are many applications and software that can provide you the most convenient bookkeeping solution possible, and most of them are free!
If you’re looking for the best finance application to keep track of your budget, here’s the cream of the crop:
App Description: PocketGuard makes personal finance fun and easy. It categorizes and organizes your expenses, monthly bills and subscriptions into clear, beautiful tabs and graphs, so you will always be on top of your finances.
Available for both Android and iOS, PocketGuard is a one-size-fits-all bank account tracking and budget management app. It can show you how much you’ve got in your accounts, as well as how much you can afford to spend for the day.
Yes, you’ve read that right! The app can help create your budget plan with your bank account. The app connects to your bank and card accounts through an encrypted, read-only connection. This allows users to quickly view the status of your accounts and transactions while remaining secure.
The app automatically sorts your purchases, subscriptions, and bill payments, and factors in your previous spending factors to provide you an estimate as to how much you can safely spend from your accounts without going into the red.
App Description: From Intuit, the makers of TurboTax, QuickBooks, Mint Bills, and Quicken: The free Mint app helps you spend smarter and save more. Easily pull all your accounts, cards and investments into one place so you can track your spending, create a budget, receive bill reminders, and get customized tips for reducing fees and saving money.
Mint’s mobile apps for iOS and Android takes on the competition by offering a comprehensive look at all your account balances – accounts, budget plans, and even you credit score. In addition, all data is updated in real time as long as you’re connected to the Internet. It automatically categorizes your transactions, alerts you when you’re about to go over your budget, and lets you opt-in to push notifications about bills.
Its unique feature includes the Trends feature, which helps you track your credit cards, cash, spending, income, and net worth over time. Charts and graphs can then show you an infographic point of view about where you’re spending money.
Intuit’s Mint Personal Finance not only helps you track your income and expenses, but also your financial state as a whole. Aside from allowing for in-depth personal budget management and expense logging, the Mint app lets you sync your bank and card details for an up-to-date and secure look at your financial status. You can also view your personal finances offline: the app stores information from a user’s latest download so they can still review their bank accounts, track credit card spending, or see when their bills are due.
App Description: Spendee gives you the power of unique data analysis in an adaptable environment that automatically and thoroughly analyzes your income and expenses, giving you intelligent advice on how to make the most of your money. The app is beautifully designed with a sleek, simple layout and built with a precise user interface that is both enjoyable and comfortable to use. Simply punch in the numbers, and see your money analyzed and expressed as informative and easy-to-read infographics.
Perhaps the most fun way to keep track of your expenditures, Spendee goes for a modern look with all the comfort and ease of infographics as you manage your accounts. Enjoy data synchronization in real time while keeping your data safe and synchronized in all your iOS and Android devices. Expenses are quickly logged into categories, with the option to snap photos of bills and receipts for easy storage.
There is also a “sharing wallets” feature: with each wallet, you have the option to give access to members of your family, friends, business partners and others for common registration and tracking your finances if you want to pay for the premium service of the application. The best thing is, you can track your expenses for any categories and wallet members. This feature can totally be harnessed for the better budget management of the whole family.
Spendee also features a brightly colored and user-friendly UI that comes with great budgeting tracking tools whether you’re a free user or a subscriber. The Feed tab lets you easily scroll through your expenses, while the Overview mode offers useful infographics on your spending over time, as well as a breakdown of what items and categories you’re spending your money on.
Spendee has also added a budget creation tool, making it not only an expense tracker but a legitimate budgeting app.
App Description: Say hello to Qapital – the app that makes it easy to save for the things you really want. We use the ways you’re already spending your money to trigger micro-savings that we automatically put aside for your Goals. That means while you’re busy dreaming and planning, we’ll be doing all the work to make it happen.
Qapital can easily match the best online bookkeeper out there in the app market. Personal finance app Qapital helps you to have the mentality to save through gamification and tiny actions you take every day. It makes saving for goals easy, though it requires you to open a new savings account. If a big time saving is too much of a leap for you, Qapital app can help you save little by little.
You can use Qapital to round up change on debit & credit purchases, and save it towards a Goal. It also helps its users to set a budget and save when they stay under it; there is even an interesting feature that “punishes” users whenever they indulge in guilty pleasures.
Qapital offers to its users FDIC-insured savings – no monthly or annual fee, no minimum deposit, goal-based savings, and automated transfers with guaranteed no hidden fees.
App Description: Can’t stand your expense reports? Look no further! Expensify makes capturing receipts, tracking time or mileage, business travel and creating expense reports quick and easy. Acknowledged by the tech community as the best app for expense reporting, Expensify takes the time, paper, and headaches out of your expense reports! Simply put, Expensify does expense reports that don’t suck!
Expensify gained its popularity by narrowing its target market: while it can be useful for anyone, it focuses on travelers. If you’re a business traveler, then Expensify is easily your best friend when it comes to making easy expense reports. It allows you to manually track expenses, photolog receipts and even import purchase info from your credit card for IRS validated eReceipts.
Its best feature is Smart Scan, which allows users to photograph a receipt, have the information “read” from the image, and automatically generate expense data. The app includes input options for travel mileage, time and rate based expenses, as well as automatic currency conversion.
Expensify can also be in sync with your car or any vehicle that you use through its Mileage Entry feature where you can manually enter the distance, use your phone’s GPS, or take a picture of your odometer. Travelers can find this extremely handy so that they won’t neglect taking care of their finances while still enjoying each and every moment of their wanderlust.