Managing expenses appropriately is vital for most individuals. I am not very good when it comes to tracking expenses, as I find it really difficult to record all the expenses every day. I used to use Excel spreadsheets to note my expenses but later realized that it may not be the best method, as I tend to forget a number of expenses. As an Android user, I started looking for a mobile application that can help me track expenses on the go. Luckily, I came across a number of expense tracking apps for Android.
1. Expense Manager
Expense Manager is a very useful Android application that helps you keep track of all expenses and incomes. With Expense Manager, you can create budgets, add expenses, schedule payments, add incomes and view daily/weekly/monthly reports. The application supports multiple currencies, and you can easily import/export your reports in CSV format to work on it on your desktop. If you want, you can also view the reports in the form of charts. It even allows you to scan receipts with the help of a mobile camera.
The best thing about the service is that you can backup all the data on SD card or upload it to Dropbox so that you can access it anywhere. The free version of the application is ad-Supported, but if you find the ads annoying, you can upgrade to Expense Manager Pro which costs $4.99.
Price: Free, $4.99 for Pro Version
2. Toshl Finance Budget and Expense
Toshl Finance Budget and Expense helps you track expenses, create budgets, manage incomes and much more. Once installed, you have to sign up for an account on Toshl.com before you can start managing your expenses on your smartphone. The app allows you to manage bills, get reminders when the bill date comes, convert currencies and save all your data in the cloud. You can use Toshl on multiple devices by creating a login.
Toshl supports a wide range of currencies and also has a currency converter. If you plan to travel, you can get currency exchange rates for over 150 currencies on your device. The service also offers a Pro Plan which costs $1.99 per month. If you plan on buying the yearly subscription, you can get it for $19.99 per annum.
Price: Free, $1.99/$19.99 Monthly/yearly subscriptions
With MoneyWise for Android, you can keep track of your daily expenses and cash flows. The application allows you to manage multiple budgets in weekly/monthly periods, graph expenses by category and date, tag expenses, monitor account balances, export data to an SD card or Dropbox, save them in CSV/HTML, deal with multiple currencies and much more.
However, the free version has limits on the number of transactions, accounts, budgets, tags, etc. If you just looking at simple expense tracking apps, the free version will be more than enough for you. If you want to unlock all the features of the application, there is no harm in spending $5.72 to get the full version.
Price: Free, $5.72 for Pro Version
EasyMoney is yet another of the more versatile expense tracking apps for Android users. It allows you to add expenses/incomes, manage cash flows, create budgets, set up bill reminders, export data as QIF/CSV for expense reporting, take photos of bills and receipts, use multiple currencies, manage multiple accounts and much more.
The application offers a trial period of 30 days after which you must upgrade to the pro version that costs $9.95.
Price: Free, $9.95 for Pro Version
5. Mint.com Personal Finance
Mint.com is a well-liked online finance application that is available on all major platforms. You can easily manage your budgets, track your spending, manage accounts and cards, get email notifications for upcoming bills and much more. You can install this application on different devices and synchronize them so that you can access your information from any device or its web application.
However, the application is not available worldwide. This may be considered as a drawback of the application as it is only available in the USA and Canada.
Expensify helps you log their expenses, capture receipt images, track time and mileage, submit reports and much more. Once installed, all you have to do is sign up for an account. After registration, simply add expenses which will synchronize with the web application so that you can view your expenses, generate reports and charts, and much more.
You can even upgrade to Pro plans if you want to use it for your business.
To make sure you save enough money, it is necessary for every individual to manage their expenses properly. The expense tracking apps mentioned above can help you keep track of your expenses and cash flows on your Android. Choosing the best application from the list is difficult as all the apps mentioned provide many useful features. But if you are in the US or Canada, Mint.com Personal Finance may be the best app for you.
Which expense tracking app do you use on your Android device? Feel free to share them with us using the comments below.