The need to manage my expenses well has become more and more important as I enter adulthood (and one step closer to retirement).
The process of earning money is not easy, but managing your finances is a whole different ballgame. However, you should have a budget so you can clearly see where your money is going, manage your expenses, and plan for large expenses.
Every budgeting method has its strengths and quirks – from the Japanese Kakeibo method for keeping household accounts to Elizabeth Warren’s elegant 50/20/30 Rule and even the multi-faceted Envelope Budgeting system. Trial and error are the keys to finding one that’s right for you.
No matter which budgeting system you choose, budgeting takes time and effort. Expenses must be recorded and calculations must be made at the very least.
Hold on. You don’t actually need a ledger to scribble in, grunting all the while (unless you want to). Try using a budgeting app instead.
Best Expenses Tracker Apps
With Spendee, you can manage all your money in one place. Keeping track of your income and expenses, analyzing your financial habits, and sticking to your budget is essential. Financial management with Spendee is streamlined and user-friendly.
Your budget, bank accounts, e-Wallets, and crypto wallets are all in one place with Spendee, and you have complete control over all cash expenses, bank accounts, and e-Wallets. A smart budget can also help you save money for a new car, a dream vacation, or a top university.
You’ll be happy to know that Seedly has its own free expense tracking app if you read their blog often.
The Seedly expense tracker app stands out for its clean and minimalist interface. To help you “visualize” your spending, expense tracking apps often feature complex graphs and charts, but I often have trouble understanding them.
Thankfully, Seedly’s expense tracker app puts an end to that, allowing users to easily navigate through the app and also providing crucial features such as budgeting and month-by-month comparisons.
3. Planner Bee
Planner Bee, founded by Cherie Wang, provides more than personal finance tracking. The app handles insurance, banking, and investments as well. There’s even a handy tab to help you understand all your insurance policies quickly. They also provide you with a detailed overview of your spending habits and savings over time through their main platform.
4. Household Account Book
The cutest expense tracking app on this list, Household Account Book makes tracking expenses much more fun than it actually is. Despite its colorful user interface, its features are easy to access. It will be easier for you to track expenses with this expense tracker app if expense tracking is stressful for you.
The feature set isn’t very impressive, and transactions are limited to one per month. My only complaint about this expense tracker is that it is too well-designed and functional.
It is YNAB’s ability to teach you how to manage your money that makes them different from other expense-tracking apps in Singapore. The software is award-winning and has a variety of budgeting tools that make managing your money easy.
Syncing your bank accounts allows you to log all your transactions without having to manually enter them, and detailed reporting is one of the key features. With comprehensive visual spending and trend reports, you can track your progress and better understand your spending habits. In addition, over 100 free, live finance management workshops are offered every week.
(Left image: Wally, Right image: YNAB)
Wally specializes in helping you save up – from paying off debt to affording your first home. It also allows you to set specific budgets to control your day-to-day spending in addition to tracking your progress. Moreover, it provides an overview of all transactions – past and upcoming – so you know where your money is going.
7. Toshl Finance
Using TOSHL Finance, you can track all your personal finances in one place. It provides weekly, biweekly, and monthly reports of your expenses. With the app, you can input almost 200 currencies and get the latest exchange rates, including 30 cryptocurrencies.
Additionally, TOSHL Finance supports advanced data entry features, where you can add multiple tags, financial account details, location, description, recurring expenses, reminders, and even photos to your entries. Sync your data across multiple devices and back it up across all your devices and web apps with auto-sync.
If you’re new to using expense tracker apps, Monny is a good place to start. One unique feature of Monny is the way it challenges users to save money by using the app. As users keep track of their expenses through the app, the challenges encourage them to maintain a cumulative habit. Pretty genius, I would say.
It is also possible to access the premium version of Monny for an additional fee, but for those looking for a free and reliable expense tracker app, the free version should suffice.
Zenmoney is arguably the smartest expense-tracking app out there. By automating transaction entries based on incoming text messages, you’ll save tons of time.
You can also transfer the accumulated amount you have saved from the app to your savings account through the app, which encourages you to save.
As well as predicting future expenses, Zenmoney can also predict your spending habits. This made me eager to tackle its prediction, and in turn, I spent less than my budget in the previous month. This proved that reverse psychology worked on me.
10. Wallet by BudgetBakers
The idea behind Wallet by BudgetBakers is that knowledge is better than hope. It is for those who want real answers to tough questions. With this app, you can handle all aspects of your financial life in one place. You will get to deep-dive into reports, build budgets, sync with your bank(s), and enjoy automatic categorization of all your finances.
You can stay on top of the curve with Wallet by BudgetBakers. From insurance to shopping lists to loan payments, Wallet can help you plan and anticipate every move. In addition, you can control who sees what and how you work together with its group/family sharing function.
With this guide, we hope to help you make an informed decision when you are searching for the best Singapore expense tracker apps.
(Credits: Planner Bee, The Smart Wallet, YNAB)