5 Ways To Track Spending and Manage Money With Apps

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Managing money can be difficult if there is no track of spending. Most of us always plan to manage our finances in a better way but fail to do so as there is no proper planning on spending habits.

Only when you make a list and spend, you will have a fair idea of where your money has been spent during the course of the month.

Tracking your budget and sticking to the plan can help you save and plan your commitments accordingly.

There are many apps available can, which can be selected based on the need. The apps serve the purpose of tracking your budget and spending habits. Install the app and update the same as and when the transaction is done.

5 Ways To Track Spending and Manage Money With Apps

Here are simple tricks which can be used to manage money in a right way:

1) Keep track of monthly expenses

In many personal finance apps, one can keep track of monthly expenses which are bound to happen such as monthly rent, groceries, bill payments etc. Set aside a part of your income to make such payments.

iExpense DiaryMoney ViewExpense Manager by Bishinews are some of the apps to track your monthly expenses.

2) Banking Apps to make bill payments

Bill payments such as phone bill, electricity etc., can be paid using banking apps. This will help you keep track of your expenses. The same can be noted in your money management app.

Most of the banks have their own apps such as HDFC Payzap, SBI buddy. Check with your bank for more details.

3) Wallet Apps

Individuals who are not much comfortable using banking apps or online mode to make payments can make use of wallet apps available in the market. They help to make payments without disclosing any of the user information.

There are many companies which offer discounts and offers if the payments are made through wallet app.

Paytm, Oxigen and MobiKwik are some of the preferred wallets.

4) Make use of Debit Card/Credit card

Avoid making of cash payments, instead, if you swipe your card at merchandise it will be easy for you to keep track of your spending. Once the transaction is done enter the same details in your money management app.

5) Reminder of premium, EMI, SIP

If you have financial commitments set a reminder on specified date so that you make sure you have sufficient balance when an EMI hits your account.


It is extremely important to manage your expenditure, so that you can save some amount after this. There is no point in earning, if you are not able to save at the end of the day. The above strategies would be a good way to start. It would help to understand unnecessary expenses and help to control them.


Read more about: spending, personal finance
Story first published: Thursday, December 17, 2015, 10:58 [IST]
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