- Utilize receipt scanning features in apps like Expensify, QuickBooks, and Rydoo to automatically categorize and record expenses from photos of receipts.
- Set up budgets and savings goals, and track spending habits across different categories using apps such as Mint and Goodbudget.
- Sync your bank accounts and credit cards with apps like Mint, Goodbudget, and Wallet to enable automatic transaction tracking.
1. Mint – Smarter Way to Save More
Mint transforms how you manage your finances, making it one of the first applications on our list of the top spending tracker apps. The app consolidates your financial information into one location, including balances, budgets, credit health, and financial objectives.
It simply links with your bank accounts, giving you a real-time snapshot of where your money’s going. Additionally, it categorizes your spending so you can see where the cash is flowing at a glance. One of the app’s best features is transaction tracking. Every time you swipe a card, it records and categorizes your expenses.
The expense tracker app also allows you to set your budget and keep you in check. It breaks down your spending so you can see where you’re rocking it and where you might need to tighten up. Moreover, it also tracks your taxes and checks your refund status and date estimate.
Another standout feature of this app is the Billshark bill negotiation. This premium service can save you money on your monthly bills.
Pros
- Ability to set and track savings goals
- Handy loan repayment calculator
- Easily syncs with bank accounts and credit cards
- Timely reminders for payments
Cons
- Regular ads
- Occasional glitches
Price: Free; Subscription: $0.99/month onwards
Get Mint for iOS
Get Mint for Android
2. Goodbudget – Cash Flow at Your Fingertips
Goodbudget stands out as a stellar choice among the best expense tracker apps for both iPhone and Android. By keeping your transactions synced with the cloud and providing secure data backup, the app ensures that everyone involved stays on the same page about their finances.
The app also offers insightful in-app reports, helping you analyze and modify your budget effectively and make informed decisions about your spending. The envelope system is like having digital envelopes for different spending categories. The best part is that you can create envelopes for different purposes. Fill up that envelope, and when it’s empty, you know you’ve hit your limit.
This spending tracker app also helps you tackle them strategically with its debt payoff planner feature. Simply plug in your numbers, and it creates a plan for you. It’s like having a financial buddy nudging you toward debt freedom. The bill tracker is yet another feature you can find on this app. It reminds you when bills are due, so there are no more late fees.
Goodbudget Plus offers perks like unlimited envelopes and syncing across devices. It’s $6.99 a month.
Pros
- Detailed debt and expense reports
- Swift navigation
- Effective management of debts
- Budgeting based on envelopes
Cons
- Can enhance customization
Price: Free; Subscription: $6.99/month onwards
Get Goodbudget for iOS
Get Goodbudget for Android
3. Money Manager – Keep Your Financial Secrets Safe
This personal finance tracker app makes inputting data a breeze, and you can do it anytime, anywhere. The default settings are friendly enough to get you going, and when you’re ready, tweak things around with the customizable features that suit you.
The spending tracker app lets you handle multiple currencies and all your accounts in one place. This app lets you plan your budgets weekly, monthly, or annually. Not only this, but the app is also flexible, as it allows you to shift the month’s start date to fit your life.
Double-entry bookkeeping might sound fancy, but it’s another feature to make your account management efficient. Another thing we love about the app is that you can set up automatic money transfers between your accounts and configure the frequency of those transfers.
With the premium version, you can unlock additional features like advanced budgeting tools, detailed financial reports, and even more customization options.
Pros
- Access to reports weekly, monthly, or annually
- Visual representation for clearer understanding
- Support for multiple currencies
- Ability to set up separate accounts for expenses
Cons
- Limited features
- No support for managing income budgets
Price: Free; Subscription: $2.49/month onwards
Get Money Manager for iOS
Get Money Manager for Android
4. Expensify – Paperless Expense Tracking
Looking for a reliable app to track your personal and business expenses? Expensify is the solution you need. The app makes tracking expenses a breeze, eliminating the need for manually inputting expenses.
You can snap a picture of your receipts and let Expensify do the rest. It automatically categorizes your receipts and lets you add custom tags to keep things organized.
If you’re a business owner, Expensify has more to offer. With its multi-level approval workflow feature, the app ensures that they do the heavy lifting of your budget while your team stays happy and you stay focused on what matters.
The app also seamlessly integrates with top accounting tools like Xero, NetSuite, and Quickbooks, so you can say goodbye to manual data entry work. Though the app is free to download, Expensify also offers a subscription to give you VIP access to hassle-free expense management.
Pros
- Facilitates corporate travel bookings
- Expensify Card for convenient payments
- Built-in receipt scanner feature
- Ideal for large corporations
Cons
- Refund policies are subpar
- Get slow at times
Price: Free; Subscription: $4.99/month onwards
Get Expensify for iOS
Get Expensify for Android
5. QuickBooks Accounting – Best Bill Manager App
QuickBooks lets you track your mileage and cash flow, generate invoices, snap a receipt, and much more. Thanks to the built-in money tracker, you can manage all your accounts effectively with this user-friendly money software by centralizing them in one location.
Two features that we particularly loved are automatic expense categorization and receipt scanning. Imagine you have a bunch of receipts, but you launch the QuickBooks app and take a snap or upload them, and the app automatically sorts them into neat categories, saving you from the tedious task of manual sorting.
The app comes with a 30-day trial. If you’re looking for features like advanced reporting and automatic invoicing, you can enjoy them with a premium subscription.
Pros
- Simple and user-friendly
- Works well with third-party apps
- Generates useful accounting reports
- Affordable pricing
Cons
- Integration issues
- Slow responsiveness
Price: Free; Subscription: $9.99/month onwards
Get QuickBooks for iOS
Get QuickBooks for Android
6. Wallet – Control Your Money From Anywhere
Wallet is a simple expense tracker app that helps you pursue your financial goals. The app collaborates with 4,000 global banks, allowing you to auto-sync your transitions, create flexible budgets, and track your spending.
The smart assistant is one of the standout features of this free expense-tracking app. It analyzes your spending habits, warns you about potential budget breaches, and suggests areas where you can cut back. The app’s reports feature allows you to break down your financial life into easy-to-understand graphs and charts. Plus, category management lets you see where your money is going.
The budget rollover is another feature that provides a financial safety net. Guess what? If you didn’t spend all your designated money on a certain thing this month, it rolls over to the next. You can use the premium version if you want to level up your budgeting game. It unlocks features like custom wallets, unlimited accounts, and the ability to export your data.
Pros
- Simple and user-friendly interface
- Allows individual categorization of expenses
- Helps track expenses quickly
- Automatically syncs transactions with banks
Cons
- Issues with syncing
- Limited features
Price: Free; Subscription: $5.99/month onwards
Get Wallet for iOS
Get Wallet for Android
7. Rydoo – Popular Expense Tracker
Rydoo may be last on our list of the best expense tracker apps for iPhone and Android, but it is second to none. It tracks your mileage automatically, saving you the headache of jotting it down manually.
This free expense tracker goes beyond the basics. It hooks you up with currency conversion on the fly, which is handy for business, travel expenses, and more. It syncs up with your credit card, so you’re not stuck manually entering every coffee or cab ride.
It also has a nifty feature that lets you set spending limits. And if you’re splitting expenses with friends, the app does the math for you, ensuring everyone pays their share. If you’re serious about keeping your finances in check, get your hands on Rydoo.
Pros
- Efficient tracking of expenses in detail
- Convenient receipt scanning using mobile devices
- Easy reporting of expenses
- Smooth handling of multiple currencies
Cons
- Occasional software lag
- Incomplete information retrieval in the mobile app at times
Price: Free; Subscription: $8/month onwards
Get Rydoo for iOS
Get Rydoo for Android
