Expense tracking apps are useful for everyone: both people with a limited amount of money and businesses that make a lot of it. The first such apps appeared a few decades ago, but over time, they transformed into simple and convenient solutions brought by the digitalization era. Now you can keep track of your finances in one single app in your smartphone, use it on the go and predict future profit and losses. For example, when you study in college, you have a lot of expenses: you pay for the loan, accommodation, food, purchase essays online and buy cheap tickets for trips with your friends.
With an expense tracking app, it will be much easier to manage your finances, see what makes the most of it, and even save money. In this guide, we will cover the top simple but working applications.
Top apps to keep an eye on your finances
As students are always on a tight budget, an expense tracker will make a great fit. Thus, next time you order help writing a paper, you won`t have to starve a few days to cover its cost. All you have to do is to carefully fill in all the things you spend or waste money on and let the app do the rest. On this list, you can find the most helpful apps both for students, adult individuals, and businesses to become more financially successful. Use it wisely:
Clarity money
This financial app is one of the best when it comes to great user-friendly design, simple navigation, and the number of accounts it supports. The app gives you highlights on the recent financial activity, creates such categories as saving, spending, and subscriptions (including games and Netflix), and can provide you a comparison between current and previous months. In this mobile app, you can cancel your subscriptions charged from your credit card, track your score by CC and see savings that are added automatically;
Wally
This one is considered one of the most convenient for students and just millennials because it is simple, helpful, and uses artificial intelligence and other technologies that are on trend now. Wally is mainly focused on your spending and gives you feedback on how much, when, and where you spent. It also has a great social feature like shared expenses that you can use to pay for your dorm room or food. Even though the app doesn`t have a live connection with the bank (at least, its Android version), it brings some security for those users who are afraid of possible online hackers. With so much trendy and social stuff, there is no surprise young people love it so much;
Mint
The app can probably be named one of the popular expense trackers, at least, in the US. It is free, it supports multiple lenders and banks, and it is currently one of the largest and most trusted financial apps in the industry. With this app, you get help with budget management, tracking current expenses, bills, loans, and credits monitoring. It is considered one of the oldest and most packed with features apps. Even though it`s not perfect and bugs appear from time to time, slowing down the system, you should definitely give it a try;
YNAB
This abbreviation can be translated like you need a budget, which is a good name for the financial app. Its developers put some good effort into making it focus specifically on budgeting. Users have to describe every dollar they spent or earned no matter what the reason was (accommodation, investment, savings, etc.). The new version lets you automatically track your expenses from a bank account you linked. If you only start managing your budget, it can become a good fit;
Mvelopes
Can you name an exact number spent in the coffee shops this month? How much did you spend on clothes last week? You probably can give some estimates, but then it turns out that you spent more than expected and could afford it. This is the reason to install this app that has a unique approach to keeping an eye on your money. Mvelopes gives suggestions and predictions on how much you are going to spend and provides advice on how to save some. With this app, you literally put your money in envelopes when the month starts and open only those that are aimed for a specific purpose (like shopping, loan, coffee, etc.);
Quick Books
The app is good for small businesses that attempt to improve their financial state. It helps to fix messy reporting, unclear charts, and documents and brings light to one of the important sides of every business. It is also very useful when you need to draw a line between your personal money and business capital. The app comes in different versions to control your business management, monitor expenses, and contracts, all in one.
