Best Expense Tracking Apps For Android Phone 2024
Expense Tracking Apps:- Are you extremely troubled by your daily expenses or do your expenses become excessive due to not having details of all of them? Today, in this digital age, due to online payments, we spend our money excessively anywhere and anytime and we do not even know because we do not have the list of our expenses.
Is it possible that we can keep a list of all our expenses on the go and see them? Yes, it is possible because today there are many apps available through which we can track our unnecessary expenses and control them. So these apps are called expense tracking apps. It is a mobile application.
Today in this article I will tell you what is an expense tracking app, what are the best expense tracking apps that can be used in Android mobile and how to choose a best expense tracking app etc.
This is a very important information which is very important for all people to know because nowadays everyone makes online payments and spend too much without thinking due to which they have to face problems in future. To keep a check on expenses and track them, it is very important to know about all these apps, so read this article till the end.
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What Is Expense Tracking App
Expense tracking app is a software or application that helps in managing your personal and business expenses and you can keep an eye on your month long expenses with the help of this app and track them to know where you spent your money and How much have you spent so that you can avoid unnecessary expenses? This app has many benefits like:-
- Managing Expenses – Through expense tracking app, you can manage and track your expenses so that you can avoid unnecessary expenses and save money for future.
- Time Saving – This app automatically tracks your expenses and categorizes them into different categories so that you do not have to face the trouble of finding out how much money you have spent on which things, which also saves your time. It becomes
- Storing data – This app scans your expense receipts (especially for merchants) through mobile and stores those receipts in its app so that you do not need to carry those receipts physically.
- Device Compatibility – There are almost many expense tracking apps which are compatible with all the devices, mainly you can use these apps in your mobile also so that you can easily track and manage your expenses anywhere.
- Easy to use – Expense tracking app is very easy to use because there are many apps whose interface is very simple and you can use those apps easily.
- Free version available – You can use the expense tracking app for free.
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Best Expense Tracking Apps List
Today there are many expense tracking apps using which you can get control over your expenses and stop your unnecessary expenses, so let us understand about all the apps one by one: -
1. Jupiter Money
Jupiter Money is a mobile application which allows you to do many financial tasks in one app, in this app you can open an account with zero balance and can also do money transactions. This app was launched in 2019, this app is a great way to track your expenses and apart from this, this app also tells you where and how much money you have spent. Various features of this app are :-
- When you make payment through Jupiter Money app, it automatically prepares a list of the items spent by you on different things, like – Suppose you bought some food item and you paid the money there, then this app is named Grocery. It will create a separate category and the list of your expenses will appear there. Similarly, when purchasing different goods, a category is formed.
- This app will show you the list of your expenses at the end of the month so that you can see where and how much you spent and from now on you can stop or reduce those expenses.
- You can use this app for free on both Android and iOS devices of your mobile.
- The rating of this app is 4.3 in Google Play Store and more than 5 million downloads have been made. Talking about Apple App Store, its rating is 4.7.
Jupiter Money – Download
2. Expensify
Expensify is a better expense tracking application or software which is mainly for small and big businessmen. Through this app, you can track your expenses and scan the receipts and store them in the app. This app was started in 2008 by David Barrett. This app has many features which are as follows: -
- The Expensify app scans receipts via mobile and organizes the expense data contained in them into reports.
- When merchants make payments, they have a lot of receipts, so you do not need to keep those receipts. Through this app, you can store those receipts digitally by scanning them with your mobile camera .
- This app automatically categorizes the payments you make into different categories like travel, food etc. so you won't have any trouble finding where you spent.
- Apart from this, there are other benefits of this app, you can use this app for free and on almost all devices.
- The rating of this app is 4.4 in Google Play Store and more than 1 million downloads have been done. Talking about Apple App Store, its rating is 4.7.
Expensify – Download
3. Zoho Expense
Zoho Expense is an online traveling and expense tracking application or software. This app automates recording and mainly helps traders to track and manage expenses for trips and daily tasks. There are many features of this app like –
- You can scan receipts through this app, which will automatically convert the data in them into expenses and track and store them digitally.
- You can add your bank account to Zoho Expense so that transactions made through your account can be tracked.
- The rating of this app is 4.7 in Google Play Store and more than 5 lakhs have been downloaded. Talking about Apple App Store, its rating is 4.8.
- You can use Zoho Expense application on almost all devices like desktop, laptop, mobile, tablet, iPad etc. Apart from this, you can also use this app for free.
Zoho Expense – Download
4. Money Manager
Money Manager, also known as Dhan Prabandhak in Hindi, is an application that helps users manage, track and set budgets for their expenses. With this app you can easily control your expenses and avoid unnecessary expenses. There are many features of this application like:-
- In this app you can easily manage your expenses and set a budget.
- You can take photos of the receipts spent in this app and save them, which will be useful to you in future.
- You can make separate budgets for every month.
- You can see all your monthly transactions in one place.
- You can use this application for free.
- The rating of this app is 4.6 in Google Play Store and more than 10 million downloads have been made. Talking about Apple App Store, its rating is 4.8.
- This app is divided into two parts to use it for free and you can use it in mobile devices Android and iOS which is known as Money Manager Lite. Whereas to use it in Windows device, you will have to get its paid version which is known as Money Manager Pro.
Money Manager – Download
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Why Use Expense Tracking App
There are many reasons and benefits of using expense tracking app which are given below :-
- Tracking Expenses – The first and foremost reason for using an expense tracking app is that you can track your expenses because many times we buy a lot of things unnecessarily and we do not have a list of all of them. Because of this we have to face financial problems in future.
- Ease of budgeting – You can set your budget in the expense tracking app into different categories so that the app helps you track how much money you have to spend on what things.
- Being Financially Aware – Expense tracking app helps you to be financially aware, financial awareness means knowing how to earn, spend, save and invest your money etc. If you understand how to save your money, you will not have financial problems in future and you will be able to achieve your goals.
- Very useful for businessmen – An expense tracking app is very useful for businessmen because they have to pay money to their employees throughout the month and also have to keep track of many receipts and there is also a fear of losing those receipts. is. Due to which time is wasted. With the help of this expense tracking app, businessmen will be able to track the expenses of their employees and can scan all the receipts and store them in the app so that they will not have any problem in finding those receipts.
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Note – Apart from this , you can get information about other expense tracking apps from news website.
FAQs on Expense Tracking Apps
Q1. Are there any free expense tracking tools available?
Ans – Yes, there are many free expense tracking tools available in the market, you should choose those apps based on your usage because the free one has slightly less features as compared to the paid one. You can use all the expense tracking apps mentioned above in this article for free.
Q2. Are expense tracking apps only for personal finance?
Ans – No, expense tracking app is not only for personal finance but it can also be used for business finance. So, this app for business finance helps in tracking business expenses, such as material purchases, travel expenses, and other business expenses, etc.
Q3. Can I integrate expense tracking with other financial management tools?
Ans – Yes, there are many expense tracking apps that can be integrated with other financial management tools. This allows you to view and manage all your financial data in one place.
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