Best Budgeting Apps to Track Your Money

In the current era of ever-increasing expenses, everyone must keep track of their revenues, expenditure, and investments, which aids in better financial management. However, who has the time to keep track of their Income and expenses?

The money management apps serve as your finance manager, assisting you in identifying areas where you can save costs and advising you on the best investment options to get satisfactory returns.

Many users have found these apps to be extremely helpful in managing their finances. So, if you have been searching for the best budgeting apps, this article will take you through some of the best options.

An Overview of Budgeting

A primary reason why some people find it difficult to save money is that they cannot keep a precise and timely record of their expenditures. In today's world, maintaining an old ledger is a time-consuming task. After all, not everyone in the world is a financial expert. This problem has a vital and practical remedy in digital budgeting tools. Like several other things, money management can be readily learned with perseverance and the correct technology.

Budgeting refers to the process of making a plan for how you will spend your money. It is defined as paying less than you earn while planning for your Financial goals. Furthermore, it is a crucial part of gaining Financial Literacy and, as a result, achieving financial security and freedom.

Budgeting also involves making a plan to invest and spend your hard-earned money sensibly to achieve your life's personal and financial objectives. It should not be viewed as a compulsory mathematical exercise; instead, a self-evaluation of expenditures and savings and a mandatory road map to guide people toward a better standard of life.

Best Budgeting Apps 2024

There are plenty of budgeting apps available in the Market with a Range of beneficial features. However, here is a list of the best budgeting apps in India with their key features to help you make the best decision.

1. Money View App

Money View app reads all of your transactional SMS messages and gives you real-time financial visibility. This program effectively uses the confidential financial data that lies idle in SMS records.

The app reads and updates the reports as soon as you receive a financial transaction-related SMS. Thus, there is no need for human data entry.

Key Features:

• Includes insights of all your Bank accounts and the most recent bank transactions
• Categorises your payments and shows where you've spent the most money
• Showcases weekly and monthly reports to prevent overspending and make budgeting more efficient
• Maintains tracking of expenditures, delivers customised bill-paying reminders, and uncovers relevant savings opportunities
• Examines spending patterns over time to track financial success

2. ET Markets App

If you're interested in Investing in the financial markets and correctly managing your finances, ET Markets could be pretty helpful. It functions as a one-stop shop to track all of your many investments.

Stock market updates, economic and business news, live charts and share prices, free stock market recommendations, complex technical charting, and more are available through this app.

Key Features:

• Supports eight Indian languages
• Has an extensive market coverage
• Notifications of payments
• "My Scrips" tool to keep track of preferred financial products
• Interactive technical charting tools
• Expert perspectives, analysis, and the option to join in conversations via comments
• Clever voice search to find information

3. Dhani App

The Dhani App serves as a one-stop shop for all of your financial requirements. You can use Dhani wallet to build a temporary Demat or Trading Account, take personal loans, and keep track of all of your payments. It also has free games that can help you win real money.

Dhani Zone is another intriguing location where you can listen to health and sleep-related podcasts and audio stories. You can shop at thousands of stores across the country with your Dhani Rupay card.

Key Features:

• Straightforward Financial management
• personal loan offers, ranging from 10,000 to 15 lakhs
• Instant credit lines to deposit funds immediately to a bank account
• Offers premium health insurance options at a reasonable price

4. Walnut App

Walnut makes it easy to keep track of your monthly expenses by automating and securing the process. You can stick to your budget, pay your timely bills, and save more each month using this app.

This money management software can assist you in determining how much you spend and save monthly by examining your phone's SMS inbox and keeping track of essential data like costs, bills, and trip reservations.

Personal loans are also available to qualifying customers. The 'Walnut Prime' perk is an instant line of credit that can be used for bill payments, shopping, travel, and several other things.

Key Features

• Finds ATMs near you
• Create spending reports by exporting your data
• Verify your account's balance
• Keep track of reservations for trains, movies, cabs, and events, among other things

5. Wally App

Wally does one thing exceptionally well, and that is budgeting. This software lets you keep track of your income and expenses while also giving you a glimpse of your remaining budget, which can help you avoid overpaying. This app, which is more prevalent among millennials, comes in free and paid editions.

Key Features:

• Simple to use the budgeting feature
• Graphics to help show off finances
• Built-in support for practically all international currencies

6. Moneycontrol App

If you trade or invest in stock markets or Mutual Funds, then Moneycontrol App is one of the best personal expense tracker app in India. It summarises all of your investments and keeps you updated with the current prices of varying stocks.

On the Moneycontrol App, you can construct your Portfolio and track all of your stock market investments with a single click of a button. It not only tracks the current value of your investments but also makes recommendations on whether you should purchase, sell, or hold them.

Key Features:

• Includes a bustling forum to discuss the most significant investment ideas, the best time to buy/sell, and various other investment-related topics
• It has both a web as well as an app version
• The portfolio created on its website can be accessed on the App too
• Currently available for both iOS and Android

Conclusion

If you're seeking the best Wealth Management app in India, the options listed above are helpful. After reading the brief descriptions provided on the market's finest financial apps available, you will be able to choose the ideal finance app for your needs quickly.

It is not always possible to make a swift decision. All you need to do now is learn more about the apps that catch your interest before deciding.