Managing your finances has never been easier, thanks to a variety of money-tracking apps. Whether you’re budgeting for a big purchase, tracking daily expenses, or simply keeping tabs on where your money goes, these apps can help. Here’s a roundup of the top 10 best money tracking apps for 2024:
1. YNAB (You Need A Budget)
- Overview: YNAB is a powerful budgeting app that helps you allocate every dollar you earn, focusing on proactive financial management.
- Why It’s Great: With features like goal setting and real-time updates, YNAB is perfect for those who want to get serious about budgeting and breaking the paycheck-to-paycheck cycle.
- Available On: iOS, Android, and Web.
2. Personal Capital
- Overview: Personal Capital offers a comprehensive view of your financial life, combining expense tracking with robust investment management tools.
- Why It’s Great: Ideal for those looking to track both their spending and their investments, Personal Capital is a great tool for long-term financial planning.
- Available On: iOS, Android, and Web.
3. PocketGuard
- Overview: PocketGuard shows you exactly how much disposable income you have after accounting for bills, savings goals, and necessities, helping you avoid overspending.
- Why It’s Great: The “In My Pocket” feature is simple yet effective, ensuring you always know how much you can safely spend.
- Available On: iOS, and Android.
4. Goodbudget
- Overview: Goodbudget is based on the envelope budgeting system, allowing you to allocate money to different spending categories and track your expenses accordingly.
- Why It’s Great: It’s particularly useful for couples and families, with the ability to sync budgets across multiple devices.
- Available On: iOS, Android, and Web.
5. Spendee
- Overview: Spendee offers a visually appealing way to track your expenses and create budgets, with the added benefit of managing shared wallets for group expenses.
- Why It’s Great: Customizable budgets and detailed financial reports help you gain insights into your spending habits.
- Available On: iOS, and Android.
6. Money Lover
- Overview: Money Lover is a user-friendly app designed to help you track expenses, set budgets, and manage bills all in one place.
- Why It’s Great: It’s accessible for both beginners and more experienced users, making financial management straightforward and less intimidating.
- Available On: iOS, and Android.
7. EveryDollar
- Overview: Developed by Dave Ramsey’s team, EveryDollar is centered around the zero-based budgeting method, helping you plan every dollar of your income before spending it.
- Why It’s Great: Its simplicity and clear focus on budgeting make it ideal for anyone looking for a straightforward financial tool.
- Available On: iOS, Android, and Web.
8. Money+ Cute Expense Tracker
- Overview: Money+ Cute Expense Tracker stands out with its fun and aesthetically pleasing design, making expense tracking a more enjoyable experience.
- Why It’s Great: Its cute interface and easy-to-use features appeal to younger users who want a bit of fun in managing their finances.
- Available On: iOS, and Android.
9. Spending Tracker – Budget by LightByte Co.
- Overview: Spending Tracker – Budget by LightByte Co. is a straightforward, user-friendly app designed to help you track your expenses and manage your budget effectively.
- Why It’s Great: Its simplicity and ease of use make it an excellent choice for those who want a hassle-free way to stay on top of their finances.
- Available On: iOS
10. Microsoft Excel
- Overview: Microsoft Excel, while not a traditional app, is an incredibly versatile tool for money tracking. It offers endless customization with templates and powerful formulas.
- Why It’s Great: Excel’s flexibility makes it perfect for creating anything from simple budgets to complex financial models tailored to your needs.
- Available On: Windows, Mac, Web, iOS, and Android.
Conclusion
With so many great options available, finding the right money-tracking app comes down to your specific financial goals and preferences. Try out a few to see which one works best for your lifestyle. However, tracking your income and expenses is not enough. You should have a structured savings plan that will fit your lifestyle and will not overwhelm you.
