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 software to track your spending not only show you where your money disappears to or what you spend most of your hard-earned cash on, they also help create and stick to a plan, and make 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, and the most popular for the task. 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.
If you want to manage your spending, QuickBooks might be a perfect tool for that. 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.
- Available on Web, Android and iOS platform
- Expanse tracking and accounting reports
- Automatic backup
- 128-bit encryption
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.
This software is simple and you can use it on the go at the touch of a button, and add 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 a simple interface that displays the numbers as they are.
It is simple, fast, nimble, feature-rich and stress-free what with its one-tap adding and editing features, simple list creation to keep track of balances, choice of currency symbols, and you can use it monthly or weekly, however you like.
- Editor’s Note: If you’re interested in other financial products, check out our wide collection of guides.
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 smartphone, tablet 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.
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 security for sensitive data transfer, plus its multi-factor authentication helps protect access to your account using a 4-digit code which only you can use to view your account, instead of just a login and password, with notifications.
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 focus on your weekly and monthly budgetary allocations.
Features include an envelope budgeting system (hence the name) 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.
It comes in three versions: Mvelopes (a free version), Mvelopes Coaching and Mvelopes Premier, both of which are subscription-based.
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.
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.
Editor’s Note: This post was originally published in February 2018 and has been since revamped and updated for freshness, accuracy, and comprehensiveness.
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