5 Mobile Apps to Control Spending and Set Savings Goals

There are hundreds of apps that help keep a more accurate record of expenses incurred.

Having a smartphone in your pocket that accompanies us everywhere can be very useful for organizing various aspects of daily life, including personal financeWhen trying to order income and expense figures, experts generally recommend first Keep detailed records of your income, assets, and expenses before embarking on bigger goals.Like saving and investing in the short and medium term.

However, you don’t have to be an expert in accounting or finance to put together a family budget in a practical way to identify major expense which can be reduced or made more efficient, and Dangerous “ant expenses” Doing so with small amounts but multiple iterations can result in a much higher monthly expense load than intuitively estimated.

There are free apps that, with charts and recommendations, give you a better understanding of your own finances.

Ranked among the best and most downloaded apps on the Android Store, here are some of the most useful and intuitive free apps that, along with charts and recommendations, help you better understand your own finances. Like any free application, providing financial data will generate potentially actionable insights into our business economic profiles. The recommendation in this case is to choose accredited apps with positive user ratings.

With over a million downloads on Android, Spendee stands out from the rest of the personal finance app because it’s organized around Ability to set savings goals with deadlines, notifications and other statistics that alert the user to the progress of his project.

In the meantime, like everyone else, Allows easy tracking of specific purchases and expenses by categories that can be quickly turned into infographics and chartss that allows us to understand where the money is going.

They make it possible to connect to credit card or bank accounts so that income is easily recorded

Another distinctive point is that it allows you to link the application to credit card or bank accounts so that income is more easily recorded. The downside at this point is that the service is paid, costs around $23 per year, and review users are reporting compatibility issues with some banking systems.

Monefy is one of the easiest to use, although it’s a bit tricky to customize.

Among the most popular, more than 5 million users have downloaded it on Google’s mobile operating system, making it one of the most intuitive to use.

Organized by icons that refer to categories of expenses, it allows you to very easily enter each payment you make to quickly obtain additional information to analyze in a pie chart. On the other hand, its simplicity is also a form of rigidity: it is difficult to adapt it outside of specific consumption or predetermined expenses.

One of the distinguishing points of the wallet is that it allows you to share accounts with your family members.

One of the most popular, with over 5 million downloads on Android, plus the ability to record expenses and return graphical, easy-to-read information, as well as plan budgets for specific projects.

But its peculiarity is that Allows you to share specific accounts with family membersThis point is most popular with users, as it allows you to simultaneously control and plan family expenses.

It also allows automatic synchronization of data with bank accounts, but compatibility issues may also limit this functionality.

MoneyHero stands out for its daily budget based on user-defined goals, which provide warnings on how much to spend each day without leaving the plan.

Less popular and newer. MoneyHero stands out with its very user-friendly graphical environment and the organization of information around a predetermined budget. The app will track payments reported by the user and based on savings goals, It will signal when the user still has time to spend in a day to stay within their self-imposed limitsPlus, these budgets and goals are easy to auto-generate by simply declaring monthly income and fixed expenses, then customizing the limits to your liking.

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