The best money management apps
Trying to find a good money management app is like finding a needle in a haystack – there are just too many out there, and many aren’t available in Australia. We’ve taken the time to compile a list of the four best money management apps to help you with budgeting, avoid unnecessary fees, pay down debt and build your savings for a better financial future.
- Expensify (for iPhone - free) - this app tracks your expenses in a unique way by having you scan your receipts and matching it with a credit card transaction. This is a great way to keep track of your receipts, especially if you’re prone to losing them or throwing them away. The app also allows you to import your expenditures from your bank account or credit card and can be integrated with other popular apps like Salesforce and Evernote to make syncing your financial details easy.
- Goodbudget (for iPhone and Android - free) - this app makes budgeting easy with their “envelope” budgeting system, which gives you a set amount of money allocated to various categories. This allows you to cut back on your over-spending and limits impulse purchases because you only have a set amount of money to spend. The app also allows for sharing budgets with loved ones, and syncing across devices so you’ll always know exactly where you stand. Most importantly, you craft a budget that best reflects your values based on what’s important to you.
- Level Money (for iPhone and Android - free) - Level Money is an app that syncs with your bank account and credit card, only displaying how much you’re able to spend each month rather than your total balance. The aim of this app is to get you to plan ahead for essential payments and set savings goals, so that each month you know how much money is left over that’s “spendable.” This app also gives you balance and bill predictions to stay ahead of your finances.
- Doxo (for iPhone and Android - free) - Doxo is a great app that lets you organize all of your accounts, track your payments on the go, scan and store all of your financial documents from your phone. The app also syncs and backs up the documents to your computer, so you’ll never have to worry about losing them again. Doxo can also schedule payments for you and track your bill payment history, all with bank-grade security and data encryption to ensure your private information stays private.
Try out any of these apps for free and see how money management can be made so much easier, even automatic, so you can get back to doing what matters most to you while taking care of your financial future.