Top 8 Expense Tracker Apps of 2019

The first expense tracking application, which came in the form of desktop software like Microsoft Money and Quicken, was released decades ago. However, the world of expense tracking has transformed completely ever since the release of the first version of Quicken in 1983. Currently, different web and phone-based tracker applications are available that can help users achieve a whole new level of preparedness and financial knowledge. If you need a tracking app to monitor a budget, you can select any of these eight best expense tracker apps of 2019.

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Personal Capital – Best expense track app for investors

Personal Capital is the ideal app if you don’t have challenges with money control, but you need better charts and graphs for your finances. This app is a feature-packed investment manager that requires payment to obtain full access; however, anyone can use its free personal finance dashboard, which also contains exciting features.

For expenses in particular, you can use Personal Capital to automatically track and categorise each expense made on linked credit or debit card. This way, Personal Capital can create charts that show your cash flow per month, it then breaks down your expenses by category and provides more information that reveals concerning spending habits. This app is not that suitable for budgeting, but if you want to track your finances in general, especially your investments, then Personal Capital is an ideal choice.


Mvelopes – best for digital money envelopes

You want to buy clothes, visit coffee shops, and others, but the question is how much do you have in your account to handle all of these. Most applications for budgeting and expense tracking are designed to inform you about what took place after you spend your money. Level Money, however, applies an approach that differs from other expense tracking apps. This app offers suggestions and spending forecast to keep you in check or prevent you from overspending the next time you visit a mall, Amazon, or anyplace you love spending money.

Envelop budgeting is a budgeting style that allows users to put money in envelopes at the beginning of the month, and you get to spend them until your envelopes become empty. Mvelopes applies this same experience online, providing digital envelopes to users to store the money they want to spend for each month.


QuickBooks – Best app for small businesses

If you’re running a small business, it’s possible you have made attempts to use one expense tracker app to manage both your personal and business finances. As a result, you end up having disorganised reports, vague results, and difficulty to understand what’s happening with your financial life – both personal and business. Also, you may have tax problems and even harm your personal finances if your business eventually gets sued if you are confused or unclear with your personal finance and business finance.

Intuit, just like Mint, is also a good platform for this job through its famous QuickBooks program. QuickBooks have different versions and editions based on your computer and business needs. Although it’s not close to perfect, QuickBooks is currently the best and biggest option that can help you manage your whole business, including expense tracking.


Clarity Money – Best for mobile

This is a financial app with interfaces available both online and mobile. However, Clarity Money is the best for mobile phones because the app is user-friendly, easy-to-navigate, supports a wide range of accounts and it offers a fun card style analysis that provides highlights of recent activities in your accounts, including spending.

Clarity Money also has an interesting feature that tracks your expenses over time for each month compared to your expected earnings each month. By tapping a few screens, you can easily see what you spent at top merchants. With Clarity Money, you can track your credit score, track and cancel subscriptions, and add to your savings regularly (via Clarity Money account).


Mint – most popular expense tracker

This list will be empty without this expense tracker app. Mint is the best known personal finance app available. This app is interesting it does not require any payment to use its features, it supports different banks and lenders and it is produced by Intuit, one of the biggest and most trusted brands in financial software.

Mint is not perfect despite the app has been around for a long time and offers several interesting features. This app has a lot of bugs, and they hardly release new features since the app was purchased in 2009 by Intuit. Getting support to help out with a bug or problems with your account can be difficult sometimes.


Wally – Best expense tracker for millennials

This integrated expense tracking application uses artificial intelligence and other trendy technologies to offer users insights on their spending habits. Wally focuses more on expenses and offer useful information and feedback on your expenses; this app also offers a social feature, called la Venmo, for shared expenses.

Although Wally lacks live bank links (at least in the Wally+ version for Android), it adds a little more security for millennials scared or worried about online theft/hack. The app has amazing graphics as well as social features that most millennials will enjoy.


YNAB – Ideal for budgeting

YNAB is an acronym for You Need a Budget. The developers of this application are really interested in budget, so they put in a lot of effort to create an app that primarily focused on budgeting and expense tracking. YNAB takes a different approach to budgeting. It forces users to give each cash they earn a job, whether it’s related to investments, expenses or savings. The app then applies this to reveal user budgets.

Users could only track expense manually in the original version; however, newer updates also permit users to automatically import expenses from bank accounts linked to the platform. YNAB is not suitable for everybody, but it’s likely a good fit if you want to start budgeting and you need assistance in executing the process.


Penny – Ideal for people who dislike charts/graphs

Penny features an artificial intelligence chat-based experience to expense tracking and financial management. One of the qualities that make this app stand out compared to other expense tracking application is that it does not have a dashboard. You don’t need to log in to view financial data through charts, graphs and tables. Instead, you use a chat feature to interact with an artificial intelligence named “Penny.”

Penny is best for people who hate spreadsheets. The interface is user-friendly, and the app automatically tracks every single expense from accounts linked to the app. You can respond to prompts when you launch the app to receive insights and summaries of your expenses and financial health.


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Posted by JoKelly on to

Last updated on September 30, 2019

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