MONEY MANAGEMENT-If you find it difficult to keep track of your costs and are concerned about where all of your money has gone at the end of each month, try one of these five must-have money management apps. These apps will allow you to effortlessly track your expenses and income, as well as keep a close eye on how much money you spend each month.
In this age of ever-increasing expenses, it is not only vital for us to keep track of all incomes and expenditures, but also to maintain track of all assets that will aid in better personal finance management. However, due to a shortage of time, we all battle with spending and money management.
This is where your smartphone may tremendously assist you in better managing your finances. Many Money Management Apps can successfully monitor and guide you in improved money management for all of your income and expenditures, as well as your savings and investments.
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Why should you utilise personal finance apps?
These expense and money management tools can serve as your Personal Finance Planner, assisting you in identifying areas where you can save costs.
At the same time, these money management applications will inform you of the greatest investment opportunities available, allowing you to maximise your return on investment.
A number of people are using these apps to manage their finances and have found them to be really useful. On the app Google Play Store, you may read their reviews on these money management applications in India.
The main reason why saving money is so tough is because we are unable to monitor and, eventually, regulate our expenses in a smart and simple manner.
There are a number of apps and money management solutions that may act as your personal finance manager and help you plan your money management and personal finances successfully.
To maintain a correct balance between your earning and spending, tracking your costs and creating a weekly or monthly budget is always an excellent money management concept. Money tracking is beneficial for keeping a healthy financial situation and avoiding unnecessary expenditures.
However, manually tracking every dime takes time and effort. We also forget about some of the expenses from time to time. There’s no reason to be concerned if you’re having a similar monthly budget management issue.
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The 5 Best Android Money Management Apps in India:
In India, there are numerous money-saving apps that might assist you in keeping track of your monthly costs. There are also some excellent daily spending manager apps available in India.
Some of the top cost manager applications in India will assist you in keeping track of your monthly expenses, such as meal orders, cab bookings, and mobile recharges. The majority of Indian smartphone users have 20 to 30 applications installed; you should absolutely include one of these best money management apps for android and iOS to your collection.
We used to just talk about money in terms of cash and checks, but with the advancement of mobile technology and, more especially, digital payment systems, making online and offline transactions has become quite convenient.
In India, many mobile cost trackers are compatible with these digital payment wallets and combine your data for accurate record keeping. Isn’t that fantastic?
As a result, we’ve compiled a list of the finest money management applications available in India. Apart from money management and spending control, several of the best financial planning applications in India can also help you make mutual fund investments or secure a loan rapidly.
1) Goodbudget-Finance & Budgeting App:
Goodbudget (previously EEBA, the Easy Envelope Budget Aid) is a money manager and expense tracker programme that may be used at home to establish a budget. The envelope system is used by the Goodbudget money management app.
This personal money management app is a proactive budget planner that assists you in managing your budget, bills, and finances. The personal finance app is one of the top expense tracker apps in India since it allows you to track your budget and finances in real time.
To share your budget with your budgeting companions, Googbudget can sync across many platforms such as Android, iPhone, and the web. The software keeps everyone in the family on the same page when it comes to money! Goodbudget is a free expenditure manager app available in India.
The following are some of the key features of the Goodbudget money manager and cost tracking app:
1) Data is backed up to Goodbudget’s website automatically and securely.
2) Separate transactions for expenses
3) Envelope fills and scheduled transactions
4) Save time with payee and category suggestions that are clever.
5) Transfer cash between Envelopes and Accounts with ease.
6) Select a budget period that corresponds to real-life circumstances. 7) Examine spending with the Spending by Envelope Report.
8) Use the Income vs. Spending Report to keep track of your cash flow.
9) Export transactions to a CSV file.
10) Reconcile/clear transactions
11) Carry over any unused monies to the next month as a reward for your incredible self-control.
12) Plan your finances ahead of time to stay on track with your budget.
2) Monefy Expense Tracker and Budget Manager App:
Monefy may be used as a financial organiser and tracker by anyone, and it is very easy to use. You only need to add each expense you have each time you buy a coffee, pay any of your bills, or make a regular purchase, and the software will do the rest!
When a user makes a purchase, all he or she has to do is create a new record. You don’t need to fill out any additional details other than the amount you’ve spent because the record is created with only one click.
With the Monefy money manager app, tracking everyday purchases, bills, and everything else you spend your money on has never been easier or more pleasurable, making Monefy one of the finest expense tracking apps in India.
Monefy is much more than a budgeting app! It is one of the top money-saving apps for users who want to improve their financial management.
Monefy maintains track of the user’s personal expenses and compares them to their monthly income and budget planner. The Monefy money manager app ensures that your monthly budget is in tip-top shape. As a result, it could also serve as the best cost tracker software.
Monefy’s personal finance manager software will assist you in becoming a budgeting master, allowing you to begin saving money right away.
Monefy-Budget Manager and Expense Tracker App’s key features include:
1) With the straightforward and simple-to-use interface, you can easily add new records.
2) Multi-currency tracking
3) One-click backup and export of personal money data
4) Use passcode protection to keep your information safe.
5) Custom or default categories can be managed.
6) Get specific information from the records list or see your spending distribution on an easy-to-read graphic.
7) Use a budget tracker to save money.
8) Use your own Google Drive or Dropbox account to safely synchronise.
9) Take charge of automatic payments
10) Use widgets to easily access your expenditure tracker.
11) Make use of several accounts
12) Use the built-in calculator to crunch numbers
3) Instant Personal Loan App & Walnut-Money Manager App:
Walnut is one of the greatest money manager and daily cost tracking apps on the market right now. It assists you in keeping track of your monthly expenses in an automated and secure manner.
You can stick to your budget, pay your bills on time, and save extra money each month by using the Walnut app. The Walnut money manager software can help you track how much you spend on food, shopping, groceries, and other expenses, as well as how much you save month to month.
The Walnut software analyses your phone’s SMS inbox and keeps track of important information such as spending, invoices, and even vacation reservations.
In addition, qualifying users are provided personal loans as well as the ‘Walnut Prime’ perk, which is an instant line of credit that may be used for shopping, bill payments, travel, and a variety of other things.
Walnut money manager software also offers immediate personal loans with interest rates starting at 14 percent and rising to 22 percent per year for personal loans with terms ranging from 12 to 36 months.
Walnut’s Key Features-Money Manager App & Instant Personal Loan
1) Keep track of credit card balances – no more unpleasant shocks at the end of the month!
2) Split expenses with pals – It’s the easiest way to split bills!
3) BHIM UPI Money Transfer – straight bank-to-bank money transfer, no more cash in wallets
4) Locate cash-dispensing ATMs in real-time near you.
5) At a Glance Expenses – Bank Accounts, Credit Cards, Digital Wallets, Sodexo, etc.
6) Create expense reports from your data by exporting it (in PDF & CSV format)
7) Check your bank account balances
8) Supported by more than 50 Indian banks and credit cards
9) Keep track of train, cab, movie, and event reservations, among other things.
10) Research and share information about places you visit with friends and on social media.
11) From within the app, report your bank, card, or any other interesting notifications.
