You buy a cup of coffee every morning, and you probably think it doesn’t amount to much. How much does it really add up to during the course of a month? Then you make a bunch of impulse buys. It really adds up and those coffees and impulse buys may have tipped you over the edge of your monthly budget…but it’s too late! You only notice the cost is significant afterwards!
It’s usually the reason we don’t have much money left towards the end of the month and when “tax season” is approaching we ask ourselves, “Where did my money go?“
Let’s take a look to see how Spentable can help us to track expenses. It’s available on Android and iOS. The basic version is free and there is a pro version that provides many more features.
How to use Spentable to track your expenses
Spentable has some pre-created categories for your spending. The default categories are food, transport social and retail. To record what you have spent, simply select the category and type in the amount. This makes it simple to segregate your spending into different areas. It shows you how much you have spent and how much you have left in your monthly budget. Before you make a purchase, add it into the app and you can see if you will go over budget.
Customize and adjust your budget
Do you have extra categories that you want to add or want to adjust the amount of your monthly budget? Press the “cog” in the top right corner and from there you can create new categories and set the budget. You can even export the data to a file and send it by email to use elsewhere. (Note: These options are only available in the pro version.)
Track your history
To see an overview of your spending, press the button on the top left and it switches to a list view, detailing everything that you have spent. Made a mistake in one of your entries? You can delete it by swiping across the incorrect entry and you will be given a delete button to remove it. At the bottom, your total spending for that month is displayed. You can scroll through the months to look back at your spending habits.
Spentable is a convenient, in-your-pocket app that helps you to track your expenses and make purchasing decisions. Spentable helps you to see how your spending is distributed so that you can rebalance if necessary. And because it’s an app, it can always be in your pocket — making it easy to form a habit to track your spending.
Free offer for 30 Lifehack readers
We’re giving out free copies of the pro versions of Spentable for Android and iPhone to the first 30 people who register using the following form:
And if you miss out on the pro version, give the free one a try. It very well could be the app that saves you time — and money.