One of the most important things you can do in your everyday life is to track your finances. Even if you earn a good salary, no doubt, you are responsible for certain expenses that are fairly high. As a result, you should aim to keep on top of your spending so that you can effectively budget your money. Doing this is easier than ever these days thanks to apps you can download right to your smartphone. If you use an Android phone, there are plenty of options available to you. Here are the five best Android apps for expense management.
Mint is perhaps the most popular of all the finance apps available on Google Play and other app stores. Mint is available for free and offers support for a wide variety of banks and lenders, which allows you to connect your settings to your own personal bank and any lender from whom you take out a loan. It is made by Intuit, which is one of the most well-known and reputable financial software names in the business. Mint allows you to store all of your financial accounts in one convenient location right at your fingertips on your phone. Manage your spending by creating your own personal budget, keep on top of your credit score, schedule reminders for bills that are due and pay those bills right from the app. You can also check your balances on your savings and checking accounts through Mint. If you want, you can export your expenses to a spreadsheet as well.
Wally is a great expense app for Android that allows you to gain a better insight into your spending habits. It utilizes artificial intelligence and other useful technologies to provide you with feedback on your spending habits and where you can make improvements on it. As it also includes a nifty social feature through Venmo, you can also share your expenses with a roommate or significant other. Generally speaking, the Wally app is a great option for millennials, in particular. While you can’t link your information directly to banks and other financial institutions, you have to manually enter it. Regardless, it is a good, detailed tool for keeping on top of your spending that is easy to use and convenient for keeping you in check with your finances.
The Expensify app is particularly useful if you are the owner of a small business. It allows you to easily track your expenses and devise better profitability with AI-sourced price optimization software. The app includes SmartScan technology that allows you to easily keep track of all receipts your business generates. Create reports in real-time of spending and profits and set up notifications for travel matters related to business and much more. You can also keep on top of direct deposits for your employees’ salaries and conveniently integrate the app with accounting services, including NetSuite, QuickBooks and Xero.
YNAB, which is an acronym for You Need a Budget, is another excellent expense tracker app for your Android smartphone. Unlike other similar apps, the developers behind the app cater to the philosophy that you must give in order to truly get back when it comes to your finances. The app works by requiring the user to give a dollar each time they do something financially-related in order to build a savings account. YNAB teaches you how to properly budget your money and shows you how you have used it. You can set up various budgets for different categories and link your bank account as well.
RyDoo is a great expense tracker app for Android that has a wide range of features. One of the most unique is the mileage tracking one, which is excellent for individuals who use it for business purposes. Whether you have a small business you own and operate or whether you are a freelancer who travels frequently, you can make use of the app by tracking your expenses in real-time. It also integrates with other types of financial software to make for a seamless user experience. Track and submit your expenses anytime, track your receipts, send reports via email or submit an invoice through Dropbox or another app of your choice. RyDoo can even keep track of your credit card statements for analysis.
If you are looking for the best Android apps for managing your expenses, look no further than these. You may find more than one of these appropriate for your personal or business use.