The seven budget and savings apps every Aussie needs


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 you might be in need of a budgeting, money management or savings app.

After all, with the roll out of new and improved banking apps from neobanks and existing players in recent years, more Australians are using their smartphones to bank than ever before. So adding additional financial apps to your phone to complement your banking app will be a no brainer for anyone looking to take their financial management to the next level.

But what are your options? To help you get started here’s a list of seven Australian apps which can help you budget, save and manage your money all from your smartphone.

1. Frollo

  • Sync accounts from 100+ banks, super funds and financial providers
  • Budgeting, automatic categorisation and bill tracking
  • Ongoing insights and customised ‘Frollo score’

The Frollo app from fintech Frollo is one of the more advanced money management tools available to Australians, with users able to link everything from bank accounts and home loans to superannuation from over 100 financial institutions in order to get a comprehensive financial overview in the one place. Frollo is also one of the first adopters of open banking, which means they can provide near real-time data to customers from participating banks.

Among its most useful features the app allows users to set up their own budgets, set and track goals and make use of customised insights, plus spending is also automatically categorised and there’s even a bill tracking feature which alerts users before they come in. Frollo was even named best Money Management App at the 2021 Mozo Experts Choice Awards for Bank Accounts and Savings.

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

2. MoneyBrilliant

  • Customisable budgets
  • Link banking accounts, investments, super and insurance
  • Track tax deductible expenses

MoneyBrilliant bills itself as a ‘personal financial assistant’ for your smartphone, and given the features it offers, that’s not far off the mark. Users can create and track their own budgets, see their spending broken down into different categories (e.g. transport or groceries) and get a clear picture of their net worth via their assets and liabilities. There are also personalised insights and there’s even a ‘safe spending’ feature which takes into account your income and debts to tell you how much you can spend on any given day.

A range of accounts including bank accounts, savings accounts, home loans, credit cards, investments, superannuation and even insurance products can all be linked to MoneyBrilliant, or there’s the option to create and update accounts manually. Money Brilliant also took out the 2019 and 2020 Mozo Experts Choice Award for best Money Management App.

Where can you get it? MoneyBrilliant comes in a ‘Basic’ plan (free) or ‘Plus’ plan ($9.90/month or $99/year) and can be downloaded via the Apple App Store or Google Play.

3. Pocketbook

  • Connect accounts from 30+ banking providers
  • Recurring bill alerts
  • Daily, weekly and monthly spending reports

2018 Mozo Experts Choice Award winner Pocketbook is designed to give Australians a 360 degree view of their finances by offering the ability to connect multiple accounts from different financial institutions all in the one place. You’ll then be able to see exactly where your money is flowing with features such as spending categorisation and spending reports, plus you’ll be able to create budgets and set goals to track.

Always forgot to transfer money to the right bank account in time to cover your latest streaming or utilities bill? Pocketbook can help you there too, as it is able to keep track of bills and other recurring payments with alerts ahead of time.

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

4. Finspo

  • Link accounts from over 100 banks and financial institutions
  • Discover your ‘true’ banking costs
  • Ongoing personalised insights and check ins

Unlike the apps above which are aimed at providing a more ‘whole of finance’ approach, the Finspo app is all about shining a spotlight on the costs of banking. To do that users can sync up their home loans, credit cards, bank accounts and savings accounts from over 100 Australian banks and institutions, then Finspo will analyse that financial data and provide a range of personalised insights on an ongoing basis.

What kind of insights you ask? Well Finspo reckon that many Aussies don’t get the full memo when it comes to banking costs, so they’ll break down all the various fees and interest you’re actually paying then show you how much you could actually save by switching to a better value product. For example, the amount you could save each month by opting for a home loan with a lower interest rate.

Where can you get it? The Finspo app can be downloaded for free via the Apple App Store or Google Play.

5. Flux

  • Find out and track your credit score
  • Personalised insights
  • Additional money saving content

What’s the deal with credit scores? We don’t blame you if you don’t know a whole lot about them because, frankly, they can be a little bit confusing. Simply put, a credit score (or rating) is used by lenders and other financial providers to determine how risky you are as a borrower.

That’s where Flux comes in, because the Flux app can reveal to users exactly what their credit score is. The app could also prove handy for those looking to improve their credit health, because Flux also provides users with monthly updates to show them how their credit score is tracking over time as well as personalised insights to show you what’s moving the score up or down.

Where can you get it? The Flux app can be downloaded for free via the Apple App Store.

6. WiseList

  • Compare grocery prices side-by-side
  • Set up item price alerts
  • Extra bill management feature

WiseList is a money saving app with a difference. Aimed at helping Aussies save money at the checkout, WiseList lets users create grocery lists then compare item prices from both Coles and Woolworths side-by-side - after all, one secret to saving money is planning (especially when it comes to shopping).

Among the other app features, lists can be made collaboratively between family members, alerts can be set up for specific items to alert you when they go on special and Flybuys and Woolworths Rewards cards can be added to the app to use at checkout. WiseList even has a separate bill management feature which lets users take photos of their bills, automatically pulls out the most important information and then sends out an alert when it’s due.

Where can you get it? The WiseList app can be downloaded for free via the Apple App Store or Google Play.

7. ATO

  • Record and track deductions like car trips and work expenses
  • Access ATO tools and calculators

The Australian Taxation Office’s (ATO) all-inclusive app could be a great free tool for both individuals and businesses to help manage, wait for it, all things related to tax and superannuation while on the go. 

The myDeductions feature can be used to keep track of personal or work-related expenses and receipts throughout the year, as well as other potential deductions like donations, plus there also a number of other tools available on the app including a search function to look up ABNs, a fuel tax credit calculator and a tax withheld calculator. 

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

RELATED: Banking Apps & Technology Awards 2021

These are just some of the many options available for finance-conscious Australians though. For a breakdown of handy finance, travel and investing options check out our article on the apps smart Australians use every day, or head on over to the Mozo fintech hub to read our reviews on a range of Australian banking apps.

^Finspo and Flux are both commercial partners of Mozo, using the Mozo Marketview platform and associated market data.

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