7 best budgeting and savings apps Australians need in 2024

By Peter Terlato and Evlin DuBose
Fact Checked
Advertiser disclosure
Collage of Australians using budget apps on their smartphones.

Imagine a budgeting tool so good it fits snuggly in your pocket. That’s a budgeting app.

A practical way to achieve your financial goals is by managing your money wisely. Australians are on their smartphones all the time, and budgeting and savings apps can help you track your spending and improve your finances.

What can a budgeting app do?

  • Track expenses
  • Set savings goals
  • Generate a budgeting plan
  • Set bill payment reminders
  • Offer insights into spending habits
  • Monitor investments
  • Produce expense forecasts
  • Help manage debt repayments

To help you get started, here’s a list of seven Australian apps to help you budget, save, and manage your money in 2024, all from the comfort of your smartphone.

1. Frollo

Frollo budgeting app.
  • Sync accounts from 100+ banks, super funds and financial providers
  • Budgeting, savings goals, and automatic bill tracking
  • Ongoing insights, including cash flow and net worth

The Frollo app is one of the more advanced, free money management tools available to Australians today. 

Users can link everything from bank accounts and home loans to superannuation from 100+ financial institutions in-app to get a comprehensive financial overview - all in one place.

Frollo is also one of the first fintech adopters of open banking, which means they can provide near real-time data to customers from participating banks.

Useful features include automatic budgeting and spending tracking, savings goals, and customised insights into where you money goes. Plus, spending is automatically categorised so you don’t have to organise everything, and Frollo will remind you of upcoming, regular charges through its bill tracking feature. 

Even better, Frollo was named best Money Management App at the 2023, 2022, and 2021 Mozo Experts Choice Awards for Banking Apps & Tech. Now that’s a mean streak!

Where can you get it? The Frollo app is available to download for free via the Apple App Store or Google Play.

2. Up

Up money app
  • Powerful banking app and budgeting app
  • Pay Day automatically splits your salary into bills, saving, and spending
  • Save up for purchases with Maybuy

Bank and budget in one!

Up is a powerful player in the online banking space. Boasting slick savings tools like Round Ups, automatic tracking, and customisable savings accounts with no monthly service fees, Up could be a great place to start your savings journey. 

Not only can you set savings goals, you can pay mates and bills, split your salary automatically using the Pay Day function (so you know your spendable balance), and save up for those dream purchases with Maybuy.

Couples can join with 2Up, a collaborative alternative to the traditional Up banking experience. Plus you can use your card overseas with no international purchase fees – useful if you’re travelling in 2024.

First home buyers, take note. If you want to start saving for that crucial first home loan deposit, UpHome can lay out a savings plan and estimate your borrowing power. 

As another bonus, Up won for Exceptional Banking App at the Mozo Experts Choice Awards for Banking Apps & Tech 2024 and best everyday bank account at the Mozo Experts Choice Bank Accounts Awards 2023.

Where can you get it? The Up app is available to download for free via the Apple App Store or Google Play.

3. Beem

Beem money sharing app
  • Split bills and send instant payments
  • Track shared expenses
  • Shopping rewards

Sick of chasing down your friends for money?

Rebranded in 2022, this flagship payment app bills itself as the solution to the awkwardness of IOUs. Send and request payments to anyone with a Beem account and let the app do the rest with lightning-quick efficiency.

It’ll even nudge you with friendly reminders (and funky fun gifs) so you don’t have to. 

Backed by EFTPOS and top-notch security, Beem can be a great and secure way to track life’s shared expenses, whether it’s travel, food, house sharing, or more. You can even browse online or in-store shopping deals and accumulate cashback with every purchase (just watch out for T&Cs).

Where can you get it? Beem is available to download free via the Apple App Store or Google

4. Spriggy

Spriggy family money sharing app
  • Secure money management app for families
  • Set savings goals and track spending
  • Flexible payment options

Looking to give your kids pocket money, but in the 21st century? Spriggy  could be the ticket.

Designed for caregivers and families, Spriggy helps you track your kids’ spending, teach them money management skills, and even loads cash onto a debit card so they spend if they need to.

Better still, there’s a ton of security features and safety nets (like spending restrictions and a pause/lock function) so your children can’t accidentally – or purposefully – get into mischief. A handy way to teach kids smartphone responsibility and money habits, all in one app!

You can even set tasks or jobs so your kid can earn their allowance, or watch as they meet fun, visual savings goals.

Where can you get it? Spriggy is available to download for free via the Apple App Store or Google Play, but be aware that account and other fees will apply. For example, an annual family plan for one child costs $60/year, while two or more kids costs $78/year. New members can take advantage of a free 30-day trial (terms, conditions, and other fees may apply).

5. WeMoney

WeMoney budgeting app
  • Pay off debt
  • Join accounts from 400+ financial institutions
  • Set and track savings goals

Drowning in debt? WeMoney could throw you a rope. 

Marketed as a free “social financial wellness” app for tracking and crushing debt, WeMoney empowers users with community tips and modern technology so they can take charge of their finances.

Armed with a suite of features, users can keep track of bills, cancel any sneaky subscriptions eating into your budget, and compare personalised deals on debt consolidation loans. 

WeMoney claims the average member can improve their credit score by 63 points just 9 months after signing up to their service. Pretty impressive!

You can also connect accounts from over 400 banks, credit cards, super funds, Buy Now Pay Later services and more, so you can get a bird’s eye view of all your money. Set savings goals and glean finance tips from other WeMoney community members for extra debt-crushing motivation.

Where can you get it? The WeMoney app is available for download for free through the Apple App Store or Google Play.

6. simplsaver

simplsaver budget app
  • Straightforward, traditional budget calculator
  • Track your monthly costs and avoid a budget spiral
  • Data stored locally on your phone – not sold to advertisers

Sometimes you just need to know how much you have to spend. That’s simplsaver . 

Traditional, straightforward, and very useful, simplsaver is a no-frills budgeting tool designed to let users know exactly how much they have left over, after costs, at the end of every month. 

Your privacy is paramount. All your data is stored locally on your phone and never sold to advertisers. To use it, simply input all your monthly expenses into your budget (categorised automatically from subscriptions to mortgage repayments), and voila - your take home pay.

It also lets you know if you’re overspending, facing a “budget spiral”, or at risk of recession. If you are, don’t worry: simplsaver has some general tips about climbing out of debt, too.

As a heartfelt bonus, a portion of simplsaver’s yearly profits go to the Royal Hospital for Women in Australia, a specialist in providing healthcare for new parents and newborns.

Where can you get it? The simplsaver app is available for download for free through the Apple App Store. It’s not available for Android yet, but a version is in the works for 2024. The first five budget items are free: the premium subscription costs $6.99/year.

7. ATO

ATO MyDeductions app
  • Record and track eligible tax deductions
  • Access ATO tools and calculators, like pre-filled tax returns
  • Send data right to your tax agent

Tax-time is easier when you’re prepared - and what’s easier than using an excellent app, straight from the Australian Tax Office (ATO)?

The ATO app has a tonne of useful tools and features to get you tax ready. Not only can you check pre-filled employment information, watch the progress of your tax return, and track your super fund, but you can use the income tax calculator to see how much you should withhold from your salary.

Arguably its best feature for tax time is the myDeductions tool. This function lets you collect receipts and tax records throughout the year. At tax time, simply email or upload the claim evidence to yourself or your tax agent.

All data is stored locally on your phone, so you’ll need to keep backups handy in case you lose it. You’ll also need to have a linked MyGov account to activate it.

Where can you get it? The ATO app is available for download for free through the Apple App Store or Google Play.

For more handy money app options, head over to the Mozo fintech hub to read our reviews on a range of Australian banking apps. Compare bank accounts and savings accounts to find the best options that suit your needs.

FAQs about budgeting apps

Are smart money apps the same as mobile banking apps?

Money management, budgeting, and payment apps are not the same thing as a mobile banking app. A mobile banking app is typically an app version of online banking, while the rest act as budget trackers or payment methods.

This isn't to say that your mobile banking app can't have budgeting or payment tools: the difference is whether the app stores your funds or simply analyses your finances.

Are mobile banking apps popular?

Mobile apps have rapidly become the most popular banking method for the majority of Aussies, followed by online banking. Convenience, accessibility, and the hands-on nature of these applications make them an empowering and preferable way to organise finances.

Are budgeting apps safe to use? Do they steal my data?

The most reputable budget apps use bank-grade end-to-end encryption to protect your data when linking your financial accounts to the app. They may also ask you to set up multi-factor authentication to prevent unauthorised users logging in and stealing your information. 

If you are concerned about the app itself harvesting and selling your data, however, it's important to read through the terms of service and privacy statement first. If the product and its services are free, then it's safe to assume you are the product. This isn’t necessarily nefarious but it’s sensible to understand how your information is being used.

Are budgeting apps free?

Many budgeting apps offer free versions, allowing users to track expenses and manage their budgets without any cost. However, some apps may include premium features that require a subscription or one-time payment for access. 

Free versions typically provide essential budgeting tools, while paid options often unlock advanced functions like detailed reporting, automatic bank syncing, and personalised financial insights. It's a good idea to explore different apps to find one that fits your needs within your budget.

Can I link multiple bank accounts?

Yes, many budgeting and savings apps in Australia allow you to link multiple bank accounts. This feature enables you to track all your income and expenses in one place, giving you a comprehensive view of your finances. By connecting different accounts, you can easily categorise your spending, set budgets, and monitor your overall financial health.

Can I set up automatic savings with these apps?

Many budgeting and savings apps offer the option to set up automatic savings. This feature allows you to set up regular, routine transfers from a nominated bank account to your savings account. By automating your savings, you can more effortlessly grow your savings over time without having to think about it.

Are budgeting apps suitable for businesses as well as individuals?

While most budgeting apps are designed primarily for personal finance management, some do cater to businesses as well. These apps may offer features tailored to business needs, such as expense tracking, invoicing, and cash flow management.

If you're looking for an app for business use, it's best to choose one that specifically mentions support for business finances to ensure it meets your needs.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 250 savings accounts using the filters.
Last updated 12 December 2024 Important disclosures

Savings account comparisons on Mozo

  • Promoted

    High Interest Savings Account

    Maximum rate
    5.60 % p.a.
    (for $0 to $250,001)
    Bonus rate for the first 4 months from account opening
    Standard rate
    4.35 % p.a.
    (for $0 to $250,001)
    Go to site

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.

  • Promoted

    Savings Accelerator

    Maximum rate
    5.40 % p.a.
    (for $150,000 to $500,000)
    New customers receive an introductory bonus 0.70% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
    Standard rate
    2.85 % p.a.
    (for $0 to $50,000)
    Go to site

    Enjoy the flexibility to access your funds with no monthly deposit requirements or lock-in terms. No ING fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

  • Promoted

    Savings+Bonus

    Maximum rate
    5.00 % p.a.
    (for $1 to $250,000)
    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
    Standard rate
    2.00 % p.a.
    (for $1 to $250,000)
    Go to site

    Enjoy bonus interest when you deposit $100 or more per month and make no withdrawals. Access your money at any time via internet banking or our mobile app. Maximum balance $250,000 to receive bonus interest.

  • Promoted

    Smart Saver Account

    Maximum rate
    4.50 % p.a.
    (for $0 and over)
    Increase account balance by any amount and make no more than two withdrawals
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site

    Work towards your savings goals with this account. Earn bonus interest when you grow your balance and make no more than 2 withdrawals each month. Earn a guaranteed standard rate of interest each month on your savings. No monthly account keeping fees to pay. Use the app or internet banking to manage your account 24/7.

  • High Interest Savings Account

    Maximum rate
    5.60 % p.a.
    (for $0 to $250,001)
    Bonus rate for the first 4 months from account opening
    Standard rate
    4.35 % p.a.
    (for $0 to $250,001)
    Go to site

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.

  • Savings Maximiser

    Maximum rate
    5.50 % p.a.
    (for $0 to $100,000)
    Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.
    Standard rate
    0.55 % p.a.
    (for $0 and over)
    Go to site

    Great variable rate every month when you grow your balance each month in addition to other eligibility criteria. No ING fees to pay. Save even more with ING Everyday Round Up. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

  • Savings Accelerator

    Maximum rate
    5.40 % p.a.
    (for $150,000 to $500,000)
    New customers receive an introductory bonus 0.70% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
    Standard rate
    2.85 % p.a.
    (for $0 to $50,000)
    Go to site

    Enjoy the flexibility to access your funds with no monthly deposit requirements or lock-in terms. No ING fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

  • PremiumSaver

    Maximum rate
    5.35 % p.a.
    (for $0 to $250,001)
    Increase balance by $200 by the end of each month
    Standard rate
    1.45 % p.a.
    (for $0 and over)
    Go to site

    Reward yourself with a higher rate for your good savings habits. Rabobanks’s PremiumSaver is simple - receive the maximum rate when you grow your balance by at least $200 each month (T&Cs apply). Plus, your savings help our Aussie farmers produce the food we love to enjoy.

  • Savvy Saver Account

    Maximum rate
    5.10 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.55 % p.a.
    (for $0 and over)
    Go to site

    Earn a great variable rate each month when you meet the criteria. No need to lock your savings away. Move your money in and out and still earn interest. Transfer or make payments using our mobile app or internet banking. No minimum balance required. Rest easy knowing total deposits up to $250,000 are protected by the Financial Claims Scheme.

  • Savings+Bonus

    Maximum rate
    5.00 % p.a.
    (for $1 to $250,000)
    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
    Standard rate
    2.00 % p.a.
    (for $1 to $250,000)
    Go to site

    Enjoy bonus interest when you deposit $100 or more per month and make no withdrawals. Access your money at any time via internet banking or our mobile app. Maximum balance $250,000 to receive bonus interest.

  • Bonus Saver

    Maximum rate
    5.00 % p.a.
    (for $0 and over)
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    Go to site

    Bonus interest for the first four months from the account opened date. No minimum balance required. No monthly or ongoing fees or withdrawal penalties. Manage your money easily via phone or online banking or via the BCU Bank app.

  • Hi Saver

    Maximum rate
    5.00 % p.a.
    (for $0 and over)
    Bonus rate for the first 4 months from account opening
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    Go to site

    Earn bonus interest on your savings for the first four months from the date you open the account, even if you make withdrawals. Transfer or make payments using our mobile app or internet banking. No minimum balance required. Rest easy knowing total deposits up to $250,000 are protected by the Financial Claims Scheme.

  • Bonus Saver Account

    Maximum rate
    5.00 % p.a.
    (for $0 to $250,000)
    Deposit at least $20 each month and make 5 Visa Debit transactions with a linked Glide account.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site

    Open a Bonus Saver Account in under 5 minutes. There are no fees to pay or penalties for withdrawing money. Get a seamless personalised insights and online statements via the My State Bank app.

  • MoneyMAX Account

    Maximum rate
    4.70 % p.a.
    (for $1 and over)
    Standard rate
    4.70 % p.a.
    (for $1 and over)
    Go to site

    Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.

  • Smart Saver Account

    Maximum rate
    4.50 % p.a.
    (for $0 and over)
    Increase account balance by any amount and make no more than two withdrawals
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site

    Work towards your savings goals with this account. Earn bonus interest when you grow your balance and make no more than 2 withdrawals each month. Earn a guaranteed standard rate of interest each month on your savings. No monthly account keeping fees to pay. Use the app or internet banking to manage your account 24/7.

  • SwiftSaver Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $250,000)
    Minimum deposit of $10 and no withdrawals in the month
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    Go to site

    Earn bonus interest each month by depositing $10 or more and making no withdrawals. A great on-going rate. No monthly fees to pay. Open up to five accounts to make saving for different goals simple. No minimum balance required. Rest easy knowing total deposits up to $250,000 are protected by the Financial Claims Scheme.

  • EasySaver Account

    Maximum rate
    3.70 % p.a.
    (for $0 and over)
    Standard rate
    3.70 % p.a.
    (for $0 and over)
    Go to site

    Enjoy a straight-forward variable savings rate with the Bendigo Bank EasySaver Account. Watch your savings grow without any monthly service fees to pay. Minimum opening balance of just $1. e-banking and phone banking anywhere, anytime. Branch access Australia wide, with 2 free branch withdrawals per month. No card access but transact online via e-banking or the Bendigo Bank app, through phone banking or at any branch.

Showing 13 results from 250 savings accounts. Use the filters to see more

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Calculators

Crunch the numbers with our range of free calculators covering all areas of finance. See all

Rate change calculator icon Home loan rate change calculator Borrowing calculator icon Home loan borrowing calculator Repayment calculator icon Mortgage repayment calculator Stamp duty calculator icon Stamp duty calculator Budget calculator icon Budget calculator See all calculators icon See all calculators