5 Best Money Management Apps You Must Use in 2024!

I’m sure not many of us are ardent fans of financial planning yet all of us want to be financially stable. We often forget that financial stability does not merely arise from earning loads of money. In fact, financial stability comes from smart financial planning. Yes! You heard that right.

Rich people often excel in money management by regularly investing and diversifying their income sources, while poor individuals may struggle to save and manage debt effectively. Additionally, the wealthy prioritize financial education and planning, ensuring their assets grow and are protected over time. This is one of the things that rich people do, and poor don’t.

It is high time we start planning our expenditure and savings. Let it be rent, utilities, licenses, taxes, insurance, marketing, equipment, or furniture, all of it requires tracking. However, modern-day financial tracking is done easier by the introduction of several expense tracker apps.

Money management apps make financial planning a little easier than your imagination. It will help you manage expenses and track your spending in an effective way. Using a money tracker will not only help you track your monthly/yearly budgets but also make you financially stable. In order to make your search easier, we have handpicked the best money management apps you can use in 2024.

Here are the top 5 money management apps you cannot miss out on in 2024:

1. Expensify:

Expensify is one of the top-rated expense tracker apps that is available on both, Android as well as IOS devices. It is popularly used for its ‘receipt scanning’ feature that makes data capture easier. You can store an indefinite amount of data and scan an unlimited number of receipt by signing up for the premium mode at $4.99. Other features of this app include mileage tracking, submission/report of data with a single click, and generating real-time reports.

2. Quickbooks Online:

Owned by Kelsa Dickey, Quickbooks online has a wide range of features available at a cheaper price. You can create invoices, generate expense records, receive payments, and categorize your expenses. It is available for $20 per month and comes with many business tools with standard accounting software.

3. Wally:

Wally is another well-built personal finance app that is currently available on IOS devices. The app will let you add the expenses manually, categorize them, and even take photos of the receipts directly. Wally keeps a track of your income and suggests your projected savings make savings easier.

4. YNAB:

YNAB stands for ‘You Need a Budget’. The name itself seems interesting. Isn’t it? You can link the app to your bank accounts to keep you updated on your daily expenses effectively. The app offers you a 34-day free trial and then you can sign up for the same at $84 per year. However, the app offers 10% to its student-users.

5. Zoho Expense:

If you are looking for an award-wining money and expense tracker app that has incredible IT business tools and is a go-to solution for your financial management woes, then Zoho Expense is the best choice out there. The app allows you to store digital copies of receipts, categorize your expenses, mileage tracking, and even connect your credit card to keep the app updated about your transactions. You can record data offline and supports multiple currencies making it one of the money and best expense tracker apps of all time.