Best money tracking apps to manage your finances in 2021

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Keeping a record of one's cash flow is the best and first way to meet long term financial goals. While it is true that everyone wants to spend judiciously, equally true is that not everyone exhibits the discipline and self-control it takes when it comes to saving money. The problem of impulse buying is very commonly seen nowadays. Now with the entire world using smartphones for daily use, people can also use apps which can help them manage their finances in the best way using least effort. With plenty of apps available on the internet, we bring you some of the best apps to keep a check on expenditure. Take a look.

Compiled by Anshika Awasthi

Walnut money manager is one of the best daily expense trackers to automatically and securely track your monthly spends. The app also helps with transferring money from one's bank accounts to friends, seeing due bills for credit cards and paying those bills, checking bank balance, along with all your transactions. Also, it helps its eligible users with instant personal loans via Walnut Prime. The app is available for free on android and IOS platforms but has a couple of revenue streams of its own, for instance, targeting users based on their spend history to offer them instant loan and earn from that. The app has some 10 million plus active users on playstore.

With the help of Wallet app, you can track your daily spending automatically with bank synchronisation. The app includes both free and paid features. The free account requires the user to manually update their spends. Users, however, get a free two-week trial only. The app also helps with keeping a record of your income and expenses and allows you to allot money for your goals, keep a track of your debts, lent or borrowed. The app currently has some 5 million plus users on playstore.

This app is great for a new user as it is very simple and easy to use. It allows its users to add photos to entries and supports only manual entries. You can easily check your expenses and income with the help of a pie chart, and get a detailed analysis of your daily average on each of your expenses and income through the line graph. This app also has a paid version which unlocks additional features like removing ads, unlimited assets which is otherwise limited to 10 in free accounts. The app currently has more than 10 million users on Google play store.

This is another great app for beginners. The app comes with a simple user interface that makes navigating through this app as simple as possible. The expenses can be viewed in different time frames from daily to yearly. The app comes with both a free and paid version. Free version allows users with data backup , setting monthly budget limit etc while the premium version unlocks features like, dark mode, password protection feature, and gives you more income and expense categories. The app currently has some 5 million plus followers on Google Playstore.

This one is a great app for home budget planning. This app comes with a host of features such as automatic sync across Android, iPhone and web. Data is automatically and securely backed up at Goodbudget's website. The app is available in both free and paid versions. Free version itself comes with an ad-free feature while the paid one gets unlimited envelopes and accounts, can sync with five devices and gets personal email support from the app. The app currently has 1 million plus active users.