Top 5 Expense Tracker Apps In India
Meeting financial goals is now easier with the advent of amazingly efficient apps that can transform the way you spend. Your money is managed in just one click. Smartphones have provided smart ways to deal with your everyday finances. Tracking expenses can have many more benefits than one can ever expect. Maslow’s hierarchy of needs strongly commands financial security as a significant need for human beings. Digitalization has invoked new ways of financial management to help ease the burden of handling your expenses.
Given below are the five highly effective apps that can simplify the way of tracking expenses-
WALNUT APP –The dry fruit walnut is considered as the brain tonic; likewise, the app walnut provides mental peace by managing your money. With more than 5 million downloads, it is one of the highly liked apps which is among the top 25 most popular applications on the Google Play store. Some of the awesome benefits that you can avail from this app are –
● You can categorize your expenses in different sections such as food, entertainment, shopping, etc.
● Transferring money to friends and split spends are made simpler through this app as you can send or request money for free without any requirement of IFSC code or bank account number.
● Bill reminders are designed to remind important payments on time.
● You can pay your credit card bills directly from the app.
● One of the most demanding features of this app is the ATM with cash feature, which helps searching for working ATMs near you.
FINART APP - Develop the art of managing money tactfully with this easy to use the app. As the founder of this app, Dinesh Garg believes that managing finance is an art and can provide a more relaxed and blissful life when managed effectively. It is keeping the privacy mode as a significant feature in this app. It provides high-end security features to the users. Some of its advantageous features are given below-
● The app uses artificial intelligence to provide flawless tracking of expenses by recognizing SMSs related to expenses.
● The machine learning system can track and record accurate data on the amount of expense, date, category of spending money, and due date of bills.
● You can quickly know your account balance which is represented in a visually attractive manner. It helps in tracking expenses just by a glance.
● Everything is done automatically; no manual filling of data.
● You have to pay a nominal amount of Rs. 499/year for the subscription.
● This user-friendly app is providing great customer satisfaction, and would reach the list of highly subscribed apps in the coming years.
MONEY VIEW APP – Money viewing experience is transformed with this effective money managing app. With more than 10 million downloads Puneet, the founder of the app aims to provide complete financial management to the users in a simplified manner. You can organize your finances in a better and more efficient way with this app. The name of the app signifies a “Single view” of money for all your expenses. Several features that can help you manage your budget with this app like –
● You can get a complete view of all your expenses which is automatically categorized through tracking SMSs in a secured manner.
● With the budget tracking feature, you can easily prepare yourself for the unforeseen future and enjoy valuable savings that you can plan to organize later in a better way.
● No matter how busy you are, you will always pay the bills on time with the payment reminder option.
● Moreover, you can get an instant loan by a hassle-free way of uploading documents.
● “A money saved is money earned” keeping this proverb in mind it has partnered with ICICI prudential mutual fund and launched the green account platform offering products like savings+ and TaxSaver+ to encourage users to save more.
YNAB APP – With more than 1 million downloads, the app runs on a strong money management philosophy that has an only a one-time fee. YNAB (You Need a Budget) encourages users to have complete control of their money. The app has been in service since 2004; hence you can assume its high-end features that can well manage personal and business budgets. With this app, you can ensure less extra spending, and design and develop good habits for expenditures. Some of the features that you can look for are –
● It prevents overspending of money by sharing real-time information on the finances from any device, at any time.
● It gives you the option to sync all your bank accounts in a single place and stay updated with all the details of your transactions.
● You can set goals with the ‘Goal Setter’ feature and follow up on the same till you meet your financial objective.
● The tremendous graphical representation of reports helps in measuring improvement in the financial target.
● This app can be a good idea for you if you are looking for something different from what apps like Mint or other budgeting apps provide. Unlike other apps, this app is all about shaping your budget more constructively.
ET MONEY APP - This highly rated app, the most popular among all; its simple user interface makes it a more productive app in financial management. This can be your one-stop destination for all your financial needs. The app encourages users to make informed decisions about their finances. Look at some these features of the app that can add yield to your money –
● The app automatically manages all the spending categorically.
● Get billing alerts and sort out your bill payments quickly; all your account balances are in one screen to give you a total view of all the expenses.
● You can track your spending behaviour and improve accordingly.
● With ET’s smart deposit feature, you can invest in a mutual fund that gives a higher return opportunity rather than keeping your money in a bank account.
● There are insurance features that provide a suitable plan for you without the need of any agent.
Manage your money digitally with smart apps that are intelligent enough to understand the importance of money. Explore the innovative features to achieve a well-organized target of money management which is now more convenient with these useful apps.
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