Expenses can add up really quickly. Try using one of these apps to help manage your costs and increase your savings!

Budgeting and tracking your expenses doesn’t have to be tedious and overwhelming — and it surely doesn’t have to be difficult. Improve your budgeting and avoid fees by downloading one of the following seven apps.


Mvelopes

Available on: Web, iOS, Android

Cost: Free with in-app purchase options

Mvelopes offers a great system to help eliminate and prevent debt. It’s built upon the envelope budgeting approach and tracks what you’ve spent, helps you categorize your spending, plan your budget ahead of time and track how much money you have left throughout the month. Plus, track your bank account and credit card balances, all in one secure location. Some cool features include the ability to capture receipts from your phone and attach them to transactions along with complete, real-time synchronization with the Mvelopes web app.


HomeBudget

Available on: Windows, Android, Mac OS, iOS

Cost: $4.99 – $20.49

HomeBudget is an integrated expense tracker designed to help you track your expenses, income, bills-due and account balances. It offers support for budgeting, and provides analysis of your expenses and income, including charts and graphs. Its key differentiating feature is Family sync, which allows a group of devices within the household to exchange expense and income information and work together within a single budget. Once set up, the devices sync with each other automatically. Another great feature is the app’s trend chart for Expense, Budget and Income over a 6-month period. This data can be exported by email or via WiFi.


Wally

Available on: iOS, Android

Cost: Free

Wally is a personal finance app that helps you stick to your budget, balance your income and expenses and achieve your financial goals. Some helpful features include: smart notifications, adaptive technology that learns your preferences and the use of location services to automatically identify and categorize the source of your expense.


Pennies

Available on: iOS

Cost: $4.59

With Pennies, you can add as many budgets as you need with options to manage weekly, monthly or annually. The app then tells you how much you have left to spend, with an option to allow your budget to rollover to the next budgeting period. By pulling up any given budget, you can quickly see your spending and financial health with bold colours that provide immediate feedback. Pennies keeps things simple by removing charts, tags, diagrams and breakdowns, so it makes for a great tool so long as you don’t need help developing your initial budget(s).


BUDGT

Available on: iOS

Cost: $2.29

BUDGT helps you keep track of your expenses and encourages savings by allowing you to visualize your budget. You can create multiple budgets, manage your own categories, and set your own reminders to help keep track of your costs. BUDGT also provides you with a month-end projection and historical budgets to compare each month.


Pocket Expense Pro:

Available on: iOS

Cost: Free

Use Pocket Expense Pro to input and manage all your accounts, stay in control and monitor your spending and track your bills. You can quickly compare your budgets month over month, prevent late bill payments, develop custom categories such as dining or office supplies, and backup and restore all your data over WiFi.


Which App is Right For You?

Regardless of your preferred operating system and cost of the app, there are a few key factors that you’ll want to consider when selecting the right budget management app:

  • If you don’t have an existing budget, you may benefit from an app that will help you create one that makes sense
    for your savings goals
  • We all have a lot of expenses and make payments daily. If you’re unsure about whether you’ll submit all of your
    expenses, an app that can read and record your credit card purchases would be beneficial
  • If you’re concerned about making bill payments on time, you should make sure that the app you download
    provides timely reminders.


Happy Savings!