3 Money Management Apps for Spenders and Savers

Singapore continues to top the charts as the most expensive city in the world, so it’s especially important for us to keep track of our expenses on a regular basis. However, manually budgeting our expenses can be too much of a hassle; it can take too much of our time, the chances of forgetting an item are too large. Thankfully, technology can come to our rescue. Here are some of the apps on the market today that can help you manage your expenses.

1. Wally
One of the best things about Wally is it’s easy to use, friendly interface. With Wally, it’s easy to track both your expenses and income. It even allows you to organize your expenses into different categories. You can even add labels to your entries to help you remember what it was exactly you were spending on.

Wally can even track your savings, and project your budget for the day. If you have spent beyond your daily budget, Wally notifies you and tells you how much you have overspent. Additionally, Wally can scan your receipts, add a passcode, and record the location of each entry. As a bonus, Wally is completely free and is great for people who need to be able to track their expenses. It is available in both the App Store and the Play Store.

2. Expensify
Although a bit more complicated than Wally, Expensify is an app that is great for both personal and business use. Since businesses deal with a lot of receipts, Expensify allows you to record, track, and label your receipts. It even lets you add details like date and merchant’s name, should you need to include those details. It even lets you categorize these receipts into a category for reimbursements, to remove the anxiety of losing receipts.

Expensify has a lot more nifty features, like time tracking, which is great for people who are paid on an hourly basis. For those who love to travel, Expensify also allows you to enter expenses in any currency. It is available for both Android and Apple users.

3. Pocket Expense
Pocket Expense is a great app for people whose expenses are a little more complicated than the average spender. This app lets you track a more detailed version of your personal financial status, including things like debt, cleared debt, and overall net worth. It even has a cash flow feature that allows you to track how much money you’re earning and losing, a feature that can prove to be both handy and invaluable for business owners.

Like other finance apps, Pocket Expense also allows you to create multiple budgets, set a limit for each budget, and even has a feature that alerts you whenever you have a bill due. Pocket Expense is available for free on both the App Store and the Play Store.