Most people don’t pay attention to their spending and finances. In fact, around 61% of US adults don’t keep track of their money at all. It makes sense, after all, many finance tracking options require subscriptions and a desktop computer.
But, times are changing. Now, you can keep tabs on your spending with the help of some great mobile expense tracker apps.
If you’re interested in having plenty of extra money left over each month and want to learn how to manage your finances, look towards these apps for the answers you need.
1. Google Wallet
Google’s expense tracking app acts as a personal manager for your spending. It gives you multi-tiered reports on your ongoing expenses while offering many other features.
Unlike most expense trackers, you can use Google Wallet as a debit card. Each time that you spend with Wallet your updates appear straightaway.
The app is compatible with most credit cards, meaning paying with Google Wallet updates your bank account automatically.
- Wallet automatically updates your bank statements. That way, every time you make a purchase, your bank alerts you ahead of time. Additionally, several thousand banks work alongside Wallet, making it compatible with most global bank options.
Alongside this, you can create transaction assignments that attach to your bank account. For example, if you have to pay your water bill on the 1st of every month, sync Wallet with your bank account and your payment will update monthly.
Google Wallet’s finance manager lets you organize your spending and savings from one place in the app. The budgeting option allows you to set aside money for retirement plans, financial goals, and short-term savings.
Google Wallet tracks your spending and saving through graphs and financial reports. This includes your credit cards, bank statements, and physical cash.
You can also change the data these reports display. For example, you can adjust one report to show your average bank statement throughout the month.
Mint is an Intuit brand finance management tool which spans across several connected apps. Those connected apps include:
By choosing Mint, you have the option to combine an ecosystem of apps which track your taxes, investments, and monthly ledger. Mint offers several management tools.
Mint lets you track your bills. You can store your billing data in one location, and from there, adjust changes made to your bills whenever you want. Moreover, you can add any type of bill option, and in some cases, Mint will sync to your billing provider.
Mint’s billing tracker offers active updates so you won’t experience late fees. These alerts give you insights into the following areas:
- When you don’t have enough funds to pay a bill
- Any strange or uncommon spending habits
- When you’re overdue on a bill
You can use your billing tracker alongside Mint’s budgeting tool.
Mint’s budgeting platform focuses on an averaging report of your daily, weekly, and monthly spending patterns. This means Mint processes how much money you put down on certain things every spending period, then it averages that compared to your budgeting preferences.
If you’re new to budgeting apps, Mint also offers budgeting templates that you fill in. Once you’ve picked a budget template, you can change the settings at any time.
Furthermore, Mint predicts how much money you’ll have, given your current spending patterns, at the end of the year.
In order to receive your credit report, Mint asks for your personal identity and past spending data. This simply means you have to add proof of identification and add your bank account.
Once you’ve done this, Mint sends you an updated credit score report. Each time you make changes to your budget and your spending habits, Mint displays changes made to your Credit Score.
Mint also lets you add your current credit cards. This lets you manage your credit score from multiple platforms.
Mint compares your portfolio and spending habits to market averages. This gives you a good estimate of your progress compared to other people and businesses.
Their investment tool keeps tabs on your 401k, brokerage accounts, and IRA’s. You can track your progress towards each of these investment goals through their budgeting option.
Mint also gives you tips on investing. If you have an unconventional investment style, their spending tracker gives you advice so you can be closer to your nearest competitors.
Empower is a spending tracker app that links your spending across accounts. Your bank account, credit accounts, and billing stay in a central location on the app.
Much like Mint, Empower adjusts your budget to your spending habits. If you have a new bill coming in, Empower changes your spending settings accordingly.
Additionally, Empower gives you tips so you can afford to pay your next bill. Say, for example, you want to pay off your credit card before July. Empower will tell you what exact changes you need to make to your expenses so you can afford that option.
Empower pays customers to save money using their app. Each time someone performs cash back on debit they earn 2%, and through savings, they earn between 2-4%.
As a result, Empower encourages users to track their expenses through reward. This makes it easier for you to feel motivated by checking your spending habits.
Empower links to any relevant device you have. From Android tablets to iPhones, Empower works for any device with enough RAM to keep it running. It’s also compatible with most US banking options.
Empower’s financial assistant is an AI-powered support option which responds to your questions 24/7. If you want to make changes to your account but don’t know how to, their assistant can guide you through system changes automatically.
When using Empower, you’re notified for your debit transactions instantly. These appear as push-icons. You can use this asset alongside Empower’s expense maintenance option to know your exact spending and current balance.
4. Wally Expense Tracker
Wally stands out as a millennial app to track spending. This means Wally tries making budgeting simple and adjustable for a younger audience.
Wally acts as a daily expense tracker. This allows any user to make changes to their spending data without lag time.
The income tab lets users tally their approximate income each month. Income rests above expenses and budget on the same screen. That way, you easily plug in your income and list your assets and outgoing funds.
At the bottom of the income-screen is the leftover banner. This tells you how much money you have remaining every day. If you link your bills to Wally, your remaining balance shows automatically.
Saved Spending Locations
Each time that you make a purchase and register it with Wally, the app saves that location automatically. As a result, Wally tracks your spending data along with the places you most frequently spend money.
This is useful if you overlook excess buying zones. That is, it’s important to track where you spend most of your money, so you can improve your budget. Wally helps you do this.
YNAB (You Need A Budget) divides your budgets and expenses between pay cycles. If you get paid a bit less one pay period, YNAB adjusts to your income immediately.
YNAB also lets you categorize your expenses by title. For instance, if you want to set aside $500 for recreation, YNAB lets you make a tab for making that goal. While you’re saving each week this app tells you how much you need to save in order to have those $500 dollars put away.
YNAB offers automatic updates to your spending data. While you’re out using a debit card, this app feeds forward your bank statement right away. This makes it so you can adjust your budget on the go without having to worry about checking your account when you get home.
YNAB lets you list your debts and tells you how to pay them off. The debt tool gives you a calendar to pick when and how you pay off medical bills and credit card payments.
While you’re paying off your debts YNAB gives you helpful tips so you can make your payments on time. It also adjusts your budget to your debt payment plan automatically.
Furthermore, YNAB gives you in-app tools to manage your future spending habits so you can avoid using a credit card.
This app offers online support and in-app advice. For example, if you don’t know how to pay medical bills, YNAB 24/7 support lets you contact them via email, by phone, or text.
Once you’ve contacted their support team, they’ll give you advice on how to pay a bill, or use the app to better understand a payment method. In some cases, they might recommend outside resources, such as the best personal loan for you.
Expensify acts as a digital accountant, allowing users to take pictures of their receipts and add them to their expense list. This proves useful if you’re in a foreign country or have a hard time keeping tabs on your active spending.
Expensify’s inbox feature acts like a Gmail account for your expenses. It sends you instant-notifications on your spending data and reimbursement avenues.
You can fix expense violations, manage reports, and contact other connected users. These options let Expensify users detail their financial network from shared spending to single bank accounts.
This feature sends notifications to users reminding them about their travel plans. Having this option saves potential spending for new flights, and makes it possible for users to remember when they’ll miss a flight.
When using Expensify, it’s possible to add your travel expenses to your total spending automatically.
Expensify provides offline sessions so users can adjust their budget on the go. This feature also lets you update your settings no matter your location.
Spendee is a cross-platform spending app which allows users to access their spending data from digital and physical accounts.
Here are the key features.
Spendee links to multiple forms of spending accounts including, cryptocurrency, electronic-wallets, and bank accounts. If you place money in all three forms of digital storage, Spendee tracks all of your expense data in one singular account.
You can make changes to your spending habits on all forms of digital accounts as well. This means if you’re spending money in Bitcoin, Spendee will adjust your outgoing money in your app-account instantly.
The Smart Budgets feature gives auto-generated suggestions for your spending habits. If you’re saving for a vehicle or working to pay off debts, Spendee gives you tips on how to do both from built-in templating software.
Spendee displays your spending habits through graphing data. Your spending record shows in comparison to your past expenses and projected outgoing money.
This feature also lets users see where they’re sending their money – much like a debit account at your bank.
Track Your Finances for Better Results
Whether you’re looking track your online loans or save an extra grand, a reliable expense tracker can save you loads of time and energy.
All over the world, people forget the importance of tracking their outgoing funds. Don’t make the same mistake as the rest, instead, rise above your debts and concerns.
You have the opportunity to take control of your finances. So why not do it? Learn about the ways you can track your expenses. Take the next step to financial freedom!
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