Six apps to help you ace money management

The Covid-19 pandemic has made all of us a bit wise on the money management front. The purpose and the importance of emergency funds are coming with a new meaning now. If you find it difficult to track your expenses and have no money for investment then you can try these six money management apps that can help you to manage your money efficiently.

It is always advisable to keep track of your cash flow, to look at what you are spending on, where you are spending unnecessarily and where you can start saving money.

Goodbudget

Goodbudget is a money manager and expense tracker app which is suitable for home budget planning. The Goodbudget money management app works on envelope system.

The personal finance app has been built for easy, real-time tracking of your budget and finances, making it one of the best expense tracker apps in India. Goodbudget can also sync across various platforms such as Android, iPhone, and the web to share your budget with your budgeting partners.

Moneyfy

Monefy is a great option for people who want a quick and easy experience. It has a simple user interface that makes navigation through the app easy. Each time you buy a coffee or pay any of your bills, or make a regular purchase, you only need to add each expense you have and the app does all the magic for you.

Monefy keeps track of user’s personal expenses and compares them to the monthly income as well as with the budget planner.

There are 15 categories of expenses, three categories of income and a colorful pie chart of both, so you can track where most of your money is going. A premium version of the app is available for Rs 199.

Money manager

Money Manager makes tracking your expenses an interesting activity and is a great app for beginners. The app is simple with numerous sub-categories under both income and expenditure.

You can get an overall view of your expenses and income with a pie chart, and get a detailed analysis of your daily average on each of your expenses and income through the line graph.

Money Manager is a free app without ads, and any limitation on the features. The app is available on both iOS and Android.

mTrakr

mTrakr is one of the free money manager apps available in India. This particular app helps its users to make a wiser spending decision as the users can manage their paperwork, bills, documents, financial accounts, reminders all at one place.

The app covers almost all aspects of personal finance from the perspective of money management. The app even manages individual’s bank account and this comes in handy especially for one who has multiple bank accounts.

It even tracks the expenses under various categories like shopping, food, travel and so on.

Chillr

Chillr which was started way back in 2015 as India’s first multi-bank payment app has been running on IMPS. The app has several beneficial features like expenses tracking, transfer of money option, QR scanning facilities and so on.

The app comes in handy for tracking expenses and finances, splitting bills amongst the group, it also provides mobile banking facilities. The users of this app will get a transaction summary at the end of each month.

Wallet

Wallet is another market-leading personal finance manager app which has been built to help you in better money management. With Wallet, you can track your daily expenses automatically by synchronising your bank account. You can also check weekly reports of your expense, and you can plan your shopping expenditure and also share specific features with your loved ones. It is one of the best money manager apps in India for Android.