8 best personal expense tracking software [Free & Paid]

Milan Stanojevic
by Milan Stanojevic
Deputy Editor
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  • Looking for the best ways to cut down on costs and increase your savings?
  • You might find it difficult to begin, but with a little help from these best personal expense tracking software, you're on your way to make a fortune.
  • Considering a bolder move? Go big, but also play it safe by adding a Financial Investment Tracking Software to your master plan.
  • Bookmark our Personal Finance Management Hub as well for more useful tools and tips to maximize your cash.

 

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While budgeting can be a tedious and challenging experience, it needn’t be anymore with personal budgeting tools that can take the tedium out of the process.

These best personal expense tracking software not only show you where your hard-earned cash disappears, but they also help create and stick to a plan. Ultimately, these tools are all about making sense of your money.

A good spending tracker tool will help you answer questions like how much you have or owe, whether or not you spend wisely, what investments you need to make, plus educate you on money matters.

We checked out the best software to track your spending. Some are free, others premium tools, but you’ll find those that connect to your bank account so you can pull and organize transaction data.

Whichever you choose, take time to review what transactions are not aligned to your values or needs, and see how you can lower costs while increasing your savings.

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Best software to track your spending and money

If you want to manage your spending, QuickBooks might just be the perfect tool. This service provides you with cloud accounting, so you can easily manage your finances from any PC or smartphone.

The application supports expanse tracking, so you can keep a close eye even on the smallest expenses.

If you’re running a business, you’ll be pleased to hear that QuickBooks supports invoicing, so you can easily create and send invoices. The software also supports accounting reports, allowing you to easily see how your business is performing.

QuickBooks has a cash flow management support, so you can easily enter your bills and pay them. In addition, you can schedule recurring payments so you don’t miss them.

The service also has an automatic backup, so all your sensitive data will be backed up and secured. It’s worth mentioning that QuickBooks uses 128-bit SSL encryption, therefore your data will be completely protected from third parties.

Overall, QuickBooks is a great service if you want to manage your spending, and it’s available on all major platforms, so be sure to try it out.

QuickBooks

QuickBooks

Track expenses and check profitability quickly and easily with the very best accounting software!

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best tax software

As the name itself hints, TurboTax is a software that specializes in tax calculation and tax deduction. Although it’s not a dedicated bookkeeping app such as Mint, for instance, you will definitely get to enjoy its advantages in budget tracking once you start using it.

Using Turbotax is effective for tax deductions and maximizing your refunds, thus it saves you money. But there is a catch (a constructive one, we dare say): you have to be very organized about your receipts in order to make tax time easier.

Keeping this in mind, you can easily work with accounting software to track and categorize your spending and when the time comes, simply allow the  TurboTax to take over.

There is no complicated migration process involved either since the tool is designed to perfectly blend with third-party financing apps such as QuickBooks, ProConnect, and Mint.

Turbotax

Turbotax

Save your receipts, then let Turbotax track your expenses and save you money!

This software uses a calendar-based personal finance management approach designed for real life. You can add past, future, or recurring transactions and categorize them, whether on mobile or through a web interface.

Dollarbird lets you view your expenses and income, see where your money goes, and be smarter about your finances. The balances are automatically calculated for each day, month, or year, so you can understand your financial situation easily.

You can also share calendars with your partner, family, or team to track spending and manage finances together while staying up-to-date with common money issues.

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This software is as simple as they get and you can use it on the go at the touch of a button.

Simply add your income plus expenses which will then be labeled and rearranged to display your balance on a simple timeline.

You don’t need folders, savings categories, graphs, or other complicated stuff, it’s an easy interface that displays the numbers as they are.

If you’re in need of a fast, nimble, feature-rich, and stress-free app, then Fudget is your best choice.

With its one-tap adding and editing features, simple list creation to keep track of balances, choice of currency symbols, you can use it monthly or weekly, however you like.

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best software to track your spending

The acronym simply stands for You Need A Budget – don’t we all?

This software keeps your personal budget with you all the time, and lets you quickly refer to your accounts, budget categories, and also add transactions or modifications to your budget on the fly.

The app also syncs with your devices like smartphones, tablets, and even your computer so you can stay updated on your spending. The web version has a variety of educational tools to help you be financially disciplined.

It’s also easy to use as it doesn’t have complicated features, plus you can sign up for classes online if you need further assistance as the app’s accountability partner helps you stay focused and not stray from your budget.

Get YNAB

best software to track your spending

This software, by Intuit (makers of QuickBooks) helps you track your spending (income and expenditure) plus your overall financial status. You can sign up for free to join Mint and use it to track and manage your financials all from one single screen.

It also gives you advice and tips so you can know your investment style with the right tools, and lets you connect with your bank and other lenders while sending you alerts when your monthly bills are due for payment, on an easy to understand and navigate dashboard.

Once you sign up and sync your bank account, you’re only seconds away from financial freedom.

It is also secure as it uses VeriSign to scan and ensure protection for sensitive data transfer, plus its multi-factor authentication helps protect access to your account using a 4-digit code that only you can use instead of just a login and password.

Get Mint

best software to track your spending

If you don’t know where all your money goes each month, you can get Mvelopes software and let it track your spending for you.

This software gives you tools that let you track spending daily while keeping a focus on your weekly and monthly budgetary allocations.

Features include an envelope budgeting system which you can use to plan and get feedback on your spending, a universal accounts screen to see all your financials in one place, mobile app syncing with the web app, but also sync to all bank and credit accounts you hold.

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best software to track your spending

This is the best software you can use to track your spending. With over 1 million users, Personal Capital, which offers free financial tools, makes it easy to manage your entire financial life in one platform.

The tool allows you to connect your accounts to the dashboard so you can see both your spending and net worth, and even plan your future or meet an advisor to discuss your investing strategy.

The Fee Analyzer helps you spot such hidden fees in your accounts and funds, which, over time helps you control your spending and finances. Other tools in Personal Capital include interactive cash flow tools that ensure you don’t spend more than you earn.

Unlike most other software for tracking expenditure, Personal Capital does not let you create your own categories for your budget, so you’re stuck with whatever the software provides.

Otherwise, you can create many charts for spending and savings, plus compare your budget either weekly or monthly.

Once you register for Personal Capital, you can access its powerful tools freely, plus the awesome dashboard, and easily manage your entire financial life in one place so you can reach your goals much faster and develop your long-term financial strategy.

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Did your favorite software to track your spending make the list? Let us know which one you use or if you’ve tried one of these by leaving your comment in the section below.

FAQ: Learn more about personal expense tracking software

  • How do I track my expenses?

The easiest method is to use a personal expense tracking software that can keep an eye on your income and spending and even improve your savings.

  • What is the best expense tracking software?

Our recommendation goes to QuickBooks, but there are other useful spending tracker tools you can explore and choose the one that best suits your needs.

  • What is the best free app for tracking expenses?

Spending tracking software tools are available for free or provide free trials. One such app is Fudget. Check out more free bookkeeping tools in this comprehensive review.

Editor’s Note: This post was originally published in November 2019 and has been since revamped and updated in July 2020 for freshness, accuracy, and comprehensiveness.