Budgeting Made Easy: Top Apps for Taking Control of Your Finances

It is not abnormal for someone to feel nervous when it comes to managing personal finances. But you can learn how to make a profound use of the tools that aim to help monitor expenses and the savings and investments that may be fulfilling in the future. Due to the increasing complexity of personal finance management, India has experienced a rise in such apps, including for the management of personal expenses. Below are some of the most effective and useful apps to assist every person in managing his or her money.

Money Manager:

Money Manager is an easy-to-use app that lets individuals easily track their expenses and budgets. Users can record daily transactions and expenses, sort the information into categories and receive detailed reports. They also provide simplified budgets that help new users get a glimpse of how they spend their money.

Walnut:

Walnut is a robust application that can track your expenses by using your SMSes from banks and credit card companies. It helps you identify your spending needs, gain information and even design your monthly budget. The application reminds of bills to be paid and keeps track of payments for shared cost which makes it suitable for managing personal and family budgets.

ET Money:

Anyone who desires to track spending and investing at the same time, ET Money is the ultimate app. It also tracks your expenses, sets a budget and will offer investments, such as mutual, and even insurance. There are aspects such as tax-efficient investments, and it’s appropriate for more complex requirements.

Goodbudget:

Goodbudget follows the “envelope budgeting”, in which users allocate certain amounts of their earnings towards distinctive needs such as food, entertainment, and savings. This app assists to avoid blowing money and keeping track of the expenditure and savings.