personal expense tracker app, best free budgeting apps, self employed expense tracker

Top 5 personal expense tracker apps for free in 2022

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It is the end of the month and all your salary is already finished. And you don’t understand where all your money has gone. This is the scenario that many of us face almost at the end of the month. Certainly, you are here searching for ways or methods to solve the problem you are facing. This article is for you in which we are going to get to know about personal expense tracker apps.

Our busy lives have made us forget to manually track our income and expenditures and basically, we don’t have time to sit down and track our expenses. 

INTRODUCTION :

Now we have smartphones, the job of monitoring our income and expenses has been made easy by many personal finance tracker apps.

personal expense tracker app, best free budgeting apps, self employed expense tracker

These daily spending tracker apps chiefly gather the expenditure and income information from transaction messages from our mobile phones (when given access).

They produce our data in the form of colorful bar graphs, and pie charts and help us easily understand where we are spending our money unnecessarily high. 

This helps us to cut down our expenditure on that particular thing in the next month by which we can increase our savings, at the same time invest our money into something useful.

WHAT IS PERSONAL EXPENSE?

Expenses of an individual other than those used for businesses or investment purposes are personal expenses. These are the cost of living for the person or his family.

Examples of some personal expenses are food, health care, internet, household consumables, snacks, gifts, travel expenses, equipment, etc.,

 All these are personal expenses that a person should track down to monitor the finance and balance the income with that of expenses

Various personal expense tracker apps are available to help you to track and thus help manage your financial issues.

 WHAT IS THE NEED TO TRACK YOUR EXPENSE?

Imagine, you are a person who doesn’t track his expenses, at the end of the month or at one point where all your money is finished you will be very much confused that where all your money has gone.

 Certainly, we cannot track our day-to-day expenses manually by writing them down or by remembering them and we may not remember every penny we have spent.

Here, in this case, personal expense tracker apps play a vital role. It is very important to track our expenses because this helps us to understand where our expenditures should be minimized or increased to reach our personal goals in life.

WHAT ARE THE BENEFITS OF TRACKING PERSONAL EXPENSES?

Here is a list of a few benefits of using personal expense tracker apps to track your expenses

  • Helps you to understand your areas of expenditure 
  • Helps you stick to your budget
  • Helps you recognize negative spending behavior.
  • Enables you to meet your financial goals.
  • Improves financial security.
  • Helps you to encourage and increase savings.
  • Avoids debt.
  • Helps you to spend your money mindfully.

TOP 5 PERSONAL EXPENSE TRACKER APPS FOR ANDROID AND IOS.

These are the top 5 recommended personal expense tracker apps 

1. MONEFY

2. SPENDEE

3. WALLET

4. YNAB

5. MONEY LOVER

  •  1. MONEFY

Monefy budget manager and expense tracker app by reflectly is an easy and efficient app.

AVAILABILITY: Ios and android for free ( contains in-app purchases)

KEY FEATURES: East to use interface

                              Distributes expenses into easily understandable charts

                              Tracks multi currencies

                              Easy backup

                              Built-in calculator

                              Use multiple accounts

                              Take control of recurring payments

                              Safe and secure

RATING: 4.3/5 -Play store

                  4.7/5 – app store

Click To Download Application  

  • 2. SPENDEE

Spendee is a great and customizable option to help keep track of your income and expenses.

AVAILABILITY: Ios and android for free(contains in-app purchases)

KEY FEATURES: Budgets to help you stick to your financial goals

                             Wallets to organize cash and bank accounts

                             Shared finances to efficiently manage money with partners 

                             Handle multiple currencies

                             Labels to mark and analyze transactions in more depth

                             Safe and secure

                             Dark mode

                             Available web version

                            Attractive charts and designs

RATING: 4.5/5 -play store

                 4.7/5 -App store

Click To Download Application  

 

  • 3. WALLET

Wallet  (by BudgetBkers.com) is a market-leading personal finance manager, built to help you save money, plan for the future, and see all your finances in one place.

 AVAILABILITY: IOS and android for free ( contains in-app purchases)

KEY FEATURES: Automatic bank updates

                             Flexible budgets

                             Easily understandable graphs and insightful reports

                             Planned payments

                             Sharing selected accounts

                             Imports or manual updates

                             Multiple currency support

                             Automatic cloud sync

                             Receipt and warranty tracking

RATING: 4.6/5 -Play store

                4.6/5 – App store

Click To Download Application  

  • 4. YNAB (YOU NEED A BUDGET)

YNAB is a popular budgeting app designed to help people take charge of their finances.

AVAILABILITY:  IOS and android for free ( contains in-app purchases, free for 34 days monthly or annual subscription available )

KEY FEATURES: Bank sync

                             Real-time expense tracking

                             Loan calculator

                             Goal tracking

                             Spending and net worth reports

                             No-ads

                             Award-Winning customer support

RATING:  3.8/5 -Play store

                 4.8/5 – App store

Click To Download Application  

 

  • 5. MONEY LOVER

Money lover ( by falsify ) is the award-winning personal finance and money management app to manage money.

AVAILABILITY: IOS and android for free ( contains in-app  purchases)

 KEY FEATURES: Transaction and expenditure tracking

                              Link your bank account for automatic tracking

                              Financial planning

                              Monthly, weekly, daily  reports

                              Event budgeting

                             Recurring transactions

RATING: 4.3/5 -Play store

               4.6/5 -App store

Click Here to Download

 

CONCLUSION

The above-mentioned personal expense tracker apps can meet your needs to track your expenses and enhance your finance management. Monefy app available both on the play store and app store is our recommendation for tracking your expenses. Thank you for reading this article.

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