Do you find it had to explain how you deplete your cash every time you earn? Or maybe you are among the few who do not know how to prioritize and set needs and wants apart. Well, chances are that you are not keeping a record of how much you earn and the amount you spend on different items. However, don’t worry. We have compiled a list of six of the best apps to use to track your money.
This app is top of the list because it is crucial for freelancers and self-employed people. Self-employed people have a hard time tracking their income because it is not consistent. Also, some services are paid for way after the contract expires. Tycoon helps you to keep track of the gigs you have as a freelancer, the expected pay, and overdue payments. Also, Tycoon assists you with tax calculation once you have earned it. Amazing, don’t you think?
Finding time to log your expense into a book or app is time-consuming and tedious. However, with Wally, you do not have to worry about all that. All you need to do is take a picture of your receipts. The app then fills all relevant information about a purchase. It helps you to track your expenses. Also, the app provides insight into your spending habits. Also, the app is free to download and use.
You Need a Budget (YNAB)
Do you know how to budget with the money you earn? Well, YNAB helps you with this. Just indicate how you intend to spend every coin you have. After that, it holds you accountable when you do not spend in line with the budget. The app links to your banks, hence allowing it to auto-update your expenses.
If you have the tendency to overspend, then this app is for you. The app links to all your bank accounts and tracks your expenses. It also allows you to track the amount of money you spend on specific items. Additionally, it compares your costs to your income. This way, you know when you are overspending and the exact items on which you overspend.
How you spend your loose change after buying an item matters. Acorns allow you to invest the change that remains after buying goods. You simply need to use the card linked to the app to purchase an item. It will then round up the change that remains to the nearest dollar and invest in the financial markets.
If you want an app that has every possible feature of financial tracking, then Mint is for you. Its budgeting tool helps you to plan for your money. Besides, the expense tracker tool helps you to track all the money spent. All you have to do is link both your credit and debit cards to it. It then alerts you every time you overspend.
There’s no need to get a book and pen every time you earn or go out to get groceries. Not with the current developments in technology. All you need is your smartphone and specialized apps to help you track the money you earn and spend