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10 Expense Apps to Easily Track Your Finances

10 Expense Apps to Easily Track Your Finances

In a world of ever-increasing connectivity, it’s no surprise that new industries are joining the digital revolution every day. More notable than most, is the increasing convenience and simplicity that banking apps have given customers. As various companies work towards truly seamless mobile payment methods, many incredible expense apps are already out there. Going far beyond the typical bank app, these expense tracking programs include many helpful and forward-thinking features. 

1. Mint

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    Mint, a free app for android and iPhone, uses your banking data to keep all your account activity in one place. The app lets you program bill reminders, budget and track your spending, but most impressively, uses live banking information to give a full picture of your finances. On Mint, you can add your bank accounts, credit cards, student loans and more, to better manage the total sum of your accounts. Additionally, mint generates graphs on all your spending trends, so you can better work out where you could be saving money.

    2. inDinero

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      Like Mint, inDinero hooks directly into your bank account to bring you live expense activity. This app also focuses on easy expense search features, along with bringing all your accounts into one place. With inDinero you get easy categorization of expenses as well as real-time alerts for your business accounts.

      3. BillGuard

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        BillGuard is another impressive personal expense app. This app uses live transactions from your bank accounts and credit cards to warn you of potentially fraudulent activity. A hugely useful app for users of all economic backgrounds, BillGuard keeps you up to date on your spending, plus automatically alerts you to possible erroneous transactions. Not only that, BillGuard automatically searches the Internet for coupons in the largest areas of spending, so you can start saving money.

        4. Expensify

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          Expensify is a simple and powerful app useful for individuals as well as businesses. Expensify brings a long-desired feature to consumers by automatically converting photos of receipts into expense data. Expensify is incredibly useful, quickly converting purchases to your favorite budgeting software document. Simply take a photo of your receipt, choose which expense report the purchase should be added to, and you’re done.

          5. Shoeboxed

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            Much like Expensify, Shoeboxed lets you take photos of your receipts and automatically converts them into data. This app also eliminates the need for manual data entry, but also keeps a record of your receipt photos. Like Expensify, this app lets you create email reports from your receipt photos; however Shoeboxed also supports automatic mileage expense data.

            6. BizXpenseTracker

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              BizXpenseTracker is a powerful expense app for businesses. This app allows users to simplify business expenses by tracking them all in one place. BizXpenseTracker keeps track of your expenses, mileage and time worked. For expense reporting, the app supports manual expense entries, as well as taking photos of receipts. The app also auto records mileage by using your device’s GPS, as well as supporting mileage by start and end address and total odometer meter reading. Finally, this app calculates time worked hourly by day or by visit, and can automatically calculate overtime worked.

              7. Concur Mobile

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                Concur Mobile is another powerful expense app for businesses. Concur Mobile not only lets you send and receive expense reports, but allows you to approve and edit them as well. The unique Concur Mobile user interface lets you easily enter airplane travel expenses, plus quickly import credit card information. Not only that, this app lets users manage flight and dining itineraries, check into flights, and even book hotels.

                8. Dollarbird

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                  Dollarbird is an expense app for individuals that makes budgeting easier. Featuring an easy-to-use interface, this app lets users enter their expenses, then helps generate a budget. This app simplifies projecting how much money you’ll have in the future, plus lets you set reminders for your bills. Dollarbird is a powerful expense app for individuals.

                  9. Cashbook Expense Tracker

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                    Cashbook Expense Tracker is a powerful finance app for the android and Google play market. Cashbook Expense Tracker lets users track expenses and mileage. Like other all-in-one expense apps, this app also features automatic mileage expense reporting using your devices GPS. Categories in this app are fully customizable and users can easily import data from other programs. Finally this all-in-one expense app includes a tip calculator to round out your financial tools.

                    10. Spending Tracker

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                      Spending Tracker is a personal finance app with several important features. This app helps users track their expenses and helps formulate a budget; however Spending Tracker also let’s you set spending goals.  Additionally, Spending Tracker lets you carry over any excess money to next months budget. This free app also helps you track your spending by generating charts and graphs.

                      Featured photo credit: OTA Photos via flickr.com

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                      Alicia Prince

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                      Last Updated on March 4, 2019

                      How to Use Credit Cards While Staying Out of Debt

                      How to Use Credit Cards While Staying Out of Debt

                      Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

                      I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

                      Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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                      Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

                      Do Not Treat Credit Cards as Your Funding Sources

                      Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

                      I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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                      I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

                      If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

                      Make Sure to Always Pay Off Balances in Full Each Month

                      The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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                      Using Credit Cards with Rewards

                      Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

                      You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

                      I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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                      So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

                      What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

                      Featured photo credit: Artem Bali via unsplash.com

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