Advertisement
Advertisement

The seven budget and savings apps every Aussie needs

Tom Watson

Tuesday 21 May 2019

<p>Imagine a budgeting tool so good that it fits snuggly in your front pocket. That’s right, the calculator is a wonderful device, but in case you’d like something that offers a bit more when it comes to helping you budget, track your expenses or even save money here’s a list of the best budget and savings apps for your smartphone in Australia.</p>

Imagine a budgeting tool so good that it fits snuggly in your front pocket. That’s right, the calculator is a wonderful device, but in case you’d like something that offers a bit more when it comes to helping you budget, track your expenses or even save money here’s a list of the best budget and savings apps for your smartphone in Australia.

1. TrackMySPEND

The easy-to-use ASIC (Australian Securities and Investments Commission) expense tracking app is a great launching pad for anyone who wants to get their budget on track, or even start their very first budget! Simply set up your spending cycle and spending limit, then you’ll be ready to add new expenses on the go with a name (e.g. morning coffee), amount (e.g. $4) and category (e.g. eating out).

Features

  • Add ‘favourites’ for any regular or recurring expenses.
  • View expenses against your income with the handy tracking bar.
  • Use TrackMySpend offline and across multiple devices.
  • Sync your TrackMySpend data with a MoneySmart account, or export it to your email.

Cost: Free
Available through: Apple App and Google Play stores
 

2. Pocketbook

If TrackMySPEND is the tricycle of budgeting apps then Pocketbook is a top of the line mountain bike with all the bells and whistles. The key difference is that instead of manually entering your expenses, Pocketbook syncs to your bank account to give you a complete view of your spending, and I mean complete. Pocketbook describes itself as the personal assistant for your money, and that’s exactly what it does – categorising your transactions and giving you a full breakdown of your spending so you can find the places to trim and save for your budget!

Features

  • Automatically categorises the majority of your transactions.
  • Integrates your bank accounts, credit cards and loans.
  • Comprehensive FAQ for beginners.
  • Encrypts all of your information for security.

Cost: Free
Available through: Apple App and Google Play stores

3. MoneyBrilliant

MoneyBrilliant have got your back when it comes to all things budgeting and managing your personal finances. The app connects to more banks than any other apps of its kind, and comes with a free version that outdoes many of its paid competitors. With MoneyBrilliant you can connect bank accounts, credit cards, loans, superannuation and more. The app really covers all your bases because, along with many of its other impressive features, you are able to use Insurance Tracking and Bill Watch for things like electricity and gas bills.

Features

  • Budgeting tool that’s automatically based on previous spending
  • Transaction categorisation so you know exactly where your money is going
  • Automated record of your possible occupation-specific tax deductions
  • Create Money Priorities to personalise what’s financially important for you

Cost: The Basic MoneyBrilliant Plan is free and includes a wide range of features, but for even more the Premium Plan is $9.90 per month.

Available through: Apple App and Google Play stores

4. ATO

The Australian Taxation Office’s all inclusive app is a great tool for, wait for it, all things tax related. Anyone can use it for lodging and tracking their tax return, while the handy expense and deduction tracker is a great tool for employees and business owners on the go.


 
Features

  • Use the app to lodge and track your tax return.
  • Record and track your deductions such as car trips and other expenses.
  • Access a number of ATO tools and calculators.
  • Upload data easily from the app to the ATO.

Cost: Free
Available through: Apple App and Google Play stores

5. Spendee

Spendee is an innovative budgeting app that can be used whenever and wherever you need it. It syncs all your bank accounts, so that you can track them all in one easy-to-navigate place. You can also use Spendee all over the world as is operates in multiple currencies for people who need to switch between them at the touch of a button.

Features

  • Shared wallets for couples, families or roommates with shared expenses
  • Categorises spending and even adds pictures and location
  • Easy to understand graphic that tracks your account balance
  • Puts all your transactions, from various bank accounts, in one place

Cost: Spendee Basic is free, but the Plus and Premium packages come with yearly fees.

Available through: Apple App and Google Play stores

6. Moneytree

While they can’t literally make money grow on trees, savings app Moneytree can help make your money management strategy more fruitful. It combines every branch of finance from banks accounts to digital money, and collects, analyses and displays your financial data from a wide range of institutions and services. Moneytree also accesses all your loyalty points, like Frequent Flyer or MYER one, to keep you up to date on how many points you have, when you can use them and alert you if they are about to expire.


Features

  • Links your bank accounts, credit and debit cards, digital money and cash spending
  • Analyses every detail of your spending down to the specific time, date and place
  • Work expenses tracker that can be exported into a spreadsheet
  • Colourful and easy to understand graphs that track your financial situation 

Cost: Free
Available through: Apple App and Google Play stores

7. Pocketsmith

With Pocketsmith, users have a savvy budgeting and savings tool that can make your relationship with your money even stronger. The app offers a summary of all your financial activity on one simple dashboard. Similarly, it includes calendars, digital and cash spending projections and gives you flexible options to set up daily, weekly or monthly budgets to suit your personal situation.


Features

  • Access to live banks feeds within the app
  • Categorised spending which you can personalise with labels and notes
  • Multi-currency tracking and automated conversion based on daily rates
  • Net worth indicator to show what you own and what you owe

Cost: While the Basic Pocketsmith Plan is free, both their Premium and Super Plans come with a monthly fee of $10.95 or $21.95.
Available through: Apple App and Google Play stores

For more articles and guides on all things fintech, head over to hub. 

Back to top

Thanks for signing up.

You'll receive your first issue of Money Zone soon.

 
Advertisement