{"id":2413,"date":"2023-05-05T09:33:37","date_gmt":"2023-05-05T04:03:37","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=2413"},"modified":"2023-05-26T14:55:03","modified_gmt":"2023-05-26T09:25:03","slug":"best-monthly-expenses-tracking-apps-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/best-monthly-expenses-tracking-apps-india\/","title":{"rendered":"9 Best Mobile Apps to Track Your Expenses in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
One of my most vigorous searches on Google Play Store has been the search for a monthly expense tracking app ever since I started a serious, full-time job in 2012, and decided to track my spends so I could stop being broke by the 20th of every month \ud83d\ude09<\/p>\n
Back then there weren\u2019t as many apps as are available now, and only a handful of the expense trackers had easy-to-use features.<\/p>\n
The scenario has changed in 2020. In fact, the entire gamut of expense tracking software has undergone sea changes in the last 5 years.<\/p>\n
With the growing ease of spending through mobile wallets, there have been scores of apps to keep track of your expenses too.<\/p>\n
If you are a millennial or someone who is involved with money transactions on a regular basis and is still not keeping track of your expenses, you should start right now.<\/p>\n
And one of the better ways is to install an expense tracking app from your Google Play Store or iOS App Store.<\/p>\n
So which app should you download? We definitely do not want you to try the thousands of apps available. I have seen that sometimes the best-rated apps do not meet the required specifications we are looking for.<\/p>\n
Therefore, we have brought to you real-time reviews of 8 best expense trackers for Android and iOS users. Our detailed analysis includes the best features and not-so-great features.<\/p>\n
Pick out your choice of app, cut out on useless expenses, and start saving some money<\/a>. The earlier you start, the better it is. Like a wise man once said – The art is not in making money, but keeping it.<\/p>\n Let\u2019s look at our tools for frugality.<\/p>\n <\/p>\n I rate Wallet by BudgetBakers as the #1 expense tracker and money management app. There isn’t anything like it.<\/p>\n The biggest feature of Wallet is Automatic Rules and Labels. You can create a custom expense and income tracking rule, with multiple custom categories, assign labels, and track everything in an organized way. Exactly how you want it.<\/p>\n Once you start using Wallet, it’s a whole different experience. You can set planned payments, then create a budget and include the planned payments to see how much money you will be spending. There’s a graph that shows you if you’re going to overspend and by how much.<\/p>\n You can see how much credit you’ve left, the cash flow, combine multiple accounts (including credit cards) at once, and filter through transaction records using keyword search.<\/p>\n You can even use automatic rules to assign different categories and labels based on transaction keywords. Like assigning “Fun” money label to Apple App store purchases.<\/p>\n You can create a budget for Fun Money and then set an automatic rule to trace the label “Fun”.<\/p>\n If your bank isn’t supported, you can simply import your statement using a CSV file.<\/p>\n A 4.7 rating and an Editor\u2019s Choice rank in Play Store are enough to recommend Wallet, a quality software from BudgetBakers. Made secure with Login and PIN, Wallet combines financial planning and budgeting along with tracking income and expenses.<\/span><\/p>\n Wallet allows a number of cool features like syncing accounts with family members, and sync with banks. It is designed to give a comprehensive understanding of your finances from Day 1 of using the app.<\/p>\n Described below are some of the best features of Wallet<\/p>\n Wallet enables syncing your bank accounts with the app, thereby saving time on manual updating of expenses and income. Wallet also auto categorizes the spends.<\/li>\n You can further import your expense spreadsheets to Wallet, and have the complete data prior to using the app.<\/li>\n When you link your credit cards with Wallet, it helps you track the credit balance available.\u00a0 You can also create budgets with Wallet.<\/li>\n Wallet allows sharing of selected accounts with family members. Suppose you need some family members to co-operate on a budget that you have set. You can share with them the budget account, and they can collaborate from their respective devices.<\/li>\n Wallet can be accessed through your web browser. This means that you can use the same login and password to access your wallet account in a PC also.<\/li>\n<\/ol>\n If you need more information about the app, check out their official webpage here<\/a>.<\/p>\n <\/p>\n With a 4.3 rating and more than 1 crore downloads (10 million + if you understand the American Numbering System better), this app has almost all the useful features one would look for in an expense tracker.<\/p>\n Walnut is free to use, and comes with the following features :<\/p>\n Walnut tracks SMSes sent by Businesses and your connected banks and auto-updates the spending in their respective categories. 50+ Banks are supported by Walnut. Walnut also tracks bills concerning tickets and travel. Personal messages and OTPs are not read by the app.<\/li>\n A friends\u2019 party and bill splitting issues? Wallet takes care of bill splitting like a pro and has a chat group feature to enable splitting spends amicably, all within the app. You simply need to create a group and allocate people their share of pay. Exiting a group is as easy as creating one.<\/li>\n Walnut has partnered with BHIM UPI to enable the smooth receiving and sending of money within the app. This is a handy and hassle-free feature to send money on-the-go to family.<\/li>\n This tracker reminds of utility bill payments in advance. It also tracks credit card dues so you can control expenses and reduce monthly cycle payments.<\/li>\n You can check your bank balance, your payment reminders, credit card dues and digital wallets all in the app. Walnut saves time by integrating almost all financial information in one place.<\/li>\n<\/ol>\n Thinking of getting a credit card? Check out our card section to find detailed reviews of some of the best credit cards in India. (click this link)<\/em><\/a><\/p>\n Walnut is available in iOS as WalnutPay. The iOS app provides lesser features as compared to the Android version.<\/p>\n Walnut is a product of a native company from Maharashtra – ThumbWorks Technologies Pvt. Ltd, and has been made for Indians by Indians.<\/p>\n Depending on your spends, Walnut also offers a Loan feature that comes under the name \u2018Walnut Prime\u2019. Depending upon your profile and spend history, Walnut Prime can offer you loans up to Rs. 5 lakhs.<\/p>\n Have Questions? Check the Walnut FAQs section<\/a> to clarify doubts.<\/p>\n <\/p>\n Monefy is the expense tracker that I have been using for a while. I completely love it for its simple yet interactive interface, ease of use, and most importantly, not needing an email login. You can just download the app, and start putting your expense s and spend details.<\/p>\n How cool is that! No wonder it acquired the status of\u00a0 \u201cEditor\u2019s Choice\u201d in the Play Store.<\/p>\n Monefy also has a visual round pie chart tracker at the center of the dashboard. The spend categories come scattered around the pie chart, and you can just tap on a category and start noting your expense.<\/p>\n It is as fast as it can be, and you can note your expenses on the go. This is an important feature for procrastinators who are constantly putting off recording their expenses at a later date, and then doing it never! With Monefy, you can do it faster and in a simpler way. No fancy stuff to put your head around.<\/p>\n It is also available for download in the iOS App Store.<\/p>\n Monefy Pro comes at a one-time cost of Rs. 199. I would say it does not get cheaper than this for so many power-packed features.<\/p>\n Monefy and Monefy Pro come with the following features :<\/p>\n Monefy does not track SMS or emails and does not save any SMS details in its server. Data security breaches are less likely to happen when sensitive information is not stored.<\/li>\n Monefy supports tracking across accounts. It also supports multiple currencies. This is enabled in the Pro version.<\/li>\n Budgeting is an equally important step towards saving money. Money has a budget feature that you can turn on and start fixing a budget for your monthly expenses.<\/li>\n This expense tracking app enables a one-click data backup to Google Drive or Dropbox.<\/li>\n Though lacking a login, you can protect your Monefy data through a passcode, Face ID and Touch ID.<\/li>\n The dark mode is absolute essential if you are in the habit of recording expenses at the dead of night, sitting at your bed while others are asleep. You can let Monefy do the tracking without straining your eyes or disturbing others.<\/li>\n<\/ol>\n Check out more about Monefy from their official webpage<\/a>.<\/p>\n <\/p>\n Another amazing app on this list is called Spendee.<\/p>\n Spendee is a pretty popular expense tracker and budget planner. One of the main reasons why you’d love to use it is its intuitive app interface and smart money advice.<\/p>\n All the other apps on this list don’t analyze your expense and income, but Spendee does. Using AI, Spendee gives you smart money advice periodically.<\/p>\n Such as when you’re saving enough money, how much you’re spending versus how much you should actually spend. In my case, they analyzed how much money I make in a month on average, and suggested exact figures that I should be spending, saving and investing.<\/p>\n Spendee also showed how much I should have in the emergency fund. You will get periodic predictions on how you’re cash flow is looking and how much you’d save in the coming months. These insights might be helpful in case you constantly struggle with EMIs and balancing between bill payments and savings.<\/p>\n Spendee connects with your bank accounts. All of your daily transactions are refreshed automatically, you can choose to do so manually as well.<\/p>\n It smartly categorizes all the transactions into suitable categories. You can choose to edit these records.<\/p>\n You can try the Spendee app on your smartphone or use their web app if you like expense charts and graphs on big screens. Plus, you can share it with your account with family and friends as well.<\/p>\n Learn more about Spendee here.<\/a><\/p>\n <\/p>\n Another expense tracker that does not need a rigorous login is Money Manager.<\/p>\n A detailed interface, an inbuilt calendar feature to track monthly expenses at a glance, and a camera to capture receipts are some of the highlights of this expense tracking app.<\/p>\n What is noteworthy about Money Manager is that it gives a comprehensive view of daily, weekly and monthly expense tracking through several tabs right at the top of the dashboard.<\/p>\n For people who like a more detail-oriented approach to their expense tracking, this tool would appeal highly.<\/p>\n Money Manager also comes with a Stats section and an Accounts section.<\/p>\n It is incredible how so many features that make it a complete money manager along with an Accounts section can come for free. There is a pro section too, but the free version works like a charm. Kudos to the creator RealByte, a Korean company.<\/p>\n Money Manager is also available in the iOS App Store.<\/p>\n Let us look at the best features of Money Manager Expense Tracker :<\/p>\n Apart from tracking income and expenses, the Money Manager facilitates asset management and accounting. When you have an income, it inputs money in your account and draws our money when an expense is recorded. The app lets you set a budget, thereby setting spending goals, and helping save money.<\/li>\n Money Manager provides instant chart representation of expenses and assets.<\/li>\n This app comes with the ability to capture receipts through the camera.<\/li>\n The calendar view enables the entire income-expense scenario at a glance. You can quickly view from the calendar your expenditure and how well you have stuck to your budget.<\/li>\n<\/ol>\n For more information on the Money Manager, please visit the official website here<\/a>.<\/p>\n <\/p>\n Yet another great \u201cMade in India\u2019 product that is simple, intuitive and easy to use. What I like best about FinArt is how it creates an at-a-glance round pie chart for you to track areas where you are spending the most.<\/p>\n FinArt currently has a 45-day free period wherein you get to access all its paid features for free. Post the trial, the yearly fee is Rs. 499, and the lifetime fee is Rs. 1999. Pretty affordable I would say for such a great app.<\/p>\n FinArt has the following features :<\/p>\n FinArt tracks transaction-based expenses and auto-updates in the app.<\/li>\n With auto-tracking and categorization of expenses, you do not need to input all expenses manually, only the ones that are through petty cash.<\/li>\n You can check the balance of your linked bank accounts and digital wallets.<\/li>\n FinArt allows tracking of your subscription-based expenses like NetFlix.<\/li>\n Plan your budget and stick to it. You can also categorize your budget and allocation to each category.<\/li>\n<\/ol>\n If you are interested to know more about FinArt, visit their official website here<\/a>.<\/p>\n <\/p>\n Expense Manager was launched in 2010 and is considered a robust app with a 4.4 rating in play Store. It was also the first-ever app I used to track my expenses.<\/p>\n The expense manager does not need a login and is completely free. You get access to all features without having to pay for an upgrade. This app is so feature-rich, it can almost take care of a small proprietorship business!<\/p>\n Here are some of the best features of Expense Manager :<\/p>\n Expense Manager gives a comprehensive daily, weekly, a monthly and yearly summary of income and expense in the dashboard. It has a calendar view and a bar view too.<\/li>\n You can track your debt and tax accounts, and also enable credit card tracking.<\/li>\n You can schedule payment, and set recurring bill payment reminders, thereby never missing a due date.<\/li>\n You can set a budget, and based on your budget inputs, the app forecasts budget as well.<\/li>\n<\/ol>\n1. Wallet<\/a>\u00a0<\/b><\/h2>\n
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Automatic Bank Sync<\/span><\/strong><\/h5>\n
Import from bank and spreadsheets<\/span><\/strong><\/h5>\n
Credit Limit Tracking and Budget<\/span><\/strong><\/h5>\n
Sharing Accounts with Family<\/span><\/strong><\/h5>\n
Web Application<\/span><\/strong><\/h5>\n
Some Other Features of Wallet Expense Tracking App<\/h3>\n
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Cons<\/h3>\n
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2. Walnut<\/b><\/span><\/a><\/h2>\n
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Auto Expense Tracking through SMS Detection<\/strong><\/span><\/h5>\n
Split Bills and Spends<\/span><\/strong><\/h5>\n
Money Transfer through BHIM UPI<\/span><\/strong><\/h5>\n
Bill Payment Reminders and Credit Card Tracking<\/span><\/strong><\/h5>\n
Integrates all Financial Information in one Place<\/strong><\/span><\/h5>\n
Some Other Features of Walnut Expense Tracking App<\/h3>\n
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Cons<\/h3>\n
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3. Monefy<\/b><\/a><\/h2>\n
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No Data Tracking through SMS or Emails<\/strong><\/span><\/h5>\n
Supports multi-currency and multiple accounts<\/strong><\/span><\/h5>\n
Budget Feature<\/strong><\/span><\/h5>\n
One-Click Data Backup<\/strong><\/span><\/h5>\n
Password protection via Face ID and Touch ID<\/span><\/strong><\/h5>\n
Dark Mode<\/span><\/strong><\/h5>\n
Some Other Features of Monefy Expense Tracking App<\/h3>\n
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Cons<\/h3>\n
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4.\u00a0Spendee<\/a><\/h2>\n
Some of the key features of Spendee are:<\/h3>\n
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5. Money Manager<\/b><\/a><\/h2>\n
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Asset Management and Accounting <\/strong><\/span><\/h5>\n
\nAssets can be transferred, and you can also track insurance, loans and fixed-term deposits.<\/li>\nSet Budget<\/strong><\/span><\/h5>\n
Graphical Interpretation<\/strong><\/span><\/h5>\n
Camera Feature<\/strong><\/span><\/h5>\n
Calendar View<\/strong><\/span><\/h5>\n
Some Other Features of Money Manager Expense Tracking App<\/h3>\n
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Cons<\/h3>\n
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6. FinArt<\/b><\/a><\/h2>\n
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SMS based expense tracking<\/strong><\/span><\/h5>\n
Lesser Manual Input<\/strong><\/span><\/h5>\n
Checking Account Balance<\/strong><\/span><\/h5>\n
Subscription Tracking<\/strong><\/span><\/h5>\n
Budget Planning<\/strong><\/span><\/h5>\n
Some Other Features of FinArt Expense Tracking App<\/h3>\n
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Cons<\/h3>\n
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7. Expense Manager<\/b><\/a><\/h2>\n
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Systematic Tracking<\/strong><\/span><\/h5>\n
Tax and Debt Tracking<\/strong><\/span><\/h5>\n
Bill Payment Alerts<\/strong><\/span><\/h5>\n
Budget and Budget Forecast<\/strong><\/span><\/h5>\n
Some Other Features of Expense Manager Monthly Expense Tracking App<\/h3>\n
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Cons<\/h3>\n