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If manually tracking expenses isn’t really your thing, you’ll be pleased to know more and more banks are offering tools that automatically track spending based on transactions from your bank account. Jihee Junn, staff writer at The Spinoff MoneyLover CashNav
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Best of all? It’s free, so unless you decide to upgrade to premium, Money Lover won’t cost you a cent. There are also some pretty cool features like travel mode which allows you to distinguish holiday spending from regular spending in any currency you like. And if you think you’re spending too much on a certain area like food or groceries, you can, for example, set up a limit which alerts you when you’re getting close to overspending.Īn important part of any good expense tracker is also having the ability to set up recurring transactions – you don’t want to be stuck logging the same old transactions you know are going to happen every week, like rent and salary.
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These transactions can be sorted into categories like bills, shopping and petrol which is great since you can see exactly where your money’s going in one fell swoop. It’s got a clean and intuitive user interface which means logging purchases takes about as much time as it takes to check your email/Twitter feed/Instagram likes. Not only does it help keep how much you’re spending in a day/week at the forefront of your mind, but it also offers a small sense of security in knowing exactly how much of your money goes in and out.Īs a result, I’ve tried a lot of expense tracking apps over the years, and Money Lover happens to be the one I’ve stuck to the most. This probably sounds bizarre, but there’s something oddly therapeutic about monitoring your money with an expense tracking app.
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Here are just a few apps we recommend to help you on your way. Managing your money isn’t all about Excel sheets and financial diaries.
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