Budgeting Apps

My Top 5 Budgeting Apps

Apparently, not everyone loves spreadsheets. I know, can you believe it?!

Budgeting and tracking your cash flow is the cornerstone of managing your personal finances. You have to KNOW YOUR NUMBERS in order to make many important decisions in life. You also have to know yourself, but more on that another time.

Since not everyone loves a spreadsheet as much as I do, I thought I would share my top five recommendations for budgeting apps that can help you track and manage your money – especially in the spendthrifty (possibly not a real word?) holiday season we are immersed in right now!

Even if you do use (and love) a budget spreadsheet, these apps can be a useful to use in conjunction with it as they are a time saving, although not always as accurate, alternative to manual tracking.

Here they are:

5. PocketSmith

This is a well laid out and easy to use app with lots of detailed features. It allows you to set a simple or detailed budget and provides bill forecasting. The paid version allows automatic uploading of transaction data but unfortunately, the free version requires manually entering data.

4. Your Banking App

It’s likely that your bank will also have an app that enables you to track expenses and keep up to date with your balances. The level of features and useability will vary significantly between banks, but it’s definitely worth checking out what is available on your existing banking app.

3. MoneyTree

Money Tree is another great app that enables you to link all your bank accounts, credit cards, digital money and even your superannuation into one central dashboard (even on the free version.) The interface isn’t as visually appealing as other apps, but its functionality is good.

2. MoneyBrilliant

Speaking of visually appealing, this is a very pretty app. The data feeds are available on the free plan and it enables you to set goals and for those who want to invest, it has a risk profiling tool. This was my go-to money management app until very recently. For those who want lots of bells and whistles, the paid version is fantastic, but even the free version is great.

1. Frollo

Frollo has recently taken over from Money Brilliant as my favourite money management app. It is completely free and its functionality is awesome. I also just really like the look and feel of the interface. It has a basic top-level budgeting function but also allows you to drill down into expenses by category and even by retailer/vendor and shows you how you’re tracking to your budget and/or average spend. I love it.

I do have to caveat that all of the above is just my opinion. Finding the right app for you might be a matter of trying something out and getting a feel for it and seeing if it meets your needs. All of these apps are available on Android and IOS and may have paid premium versions. And, just so you know, I have no affiliation at all with any of the apps I’ve mentioned.

I hope this was helpful and if you have another app that you like or recommend, come join me on Instagram and send me a DM!