Essential apps to track your spending, save money and pay your friends
If you’re just learning to get your finances in order, or you’re ready to start giving them some more thought, you have a wealth of app options to consider.
We’ve put together a selection of finance apps (available on Android and iOS devices) to help you track your everyday spending habits against your budget, as well as, provide you with an overall picture of your personal finance, so you can manage your money better, reach your financial goals sooner, and let’s not forget to also get ready for tax time!
How many times have you pulled out the Calculator app from your smartphone to split the dinner bill after a group meal? We’ve all been there and it’s messy and a slightly awkward situation. You can consider downloading these apps specialised for splitting bills from rent, groceries and meals etc.
SpotMe Payments (available on iOS only)
Digital wallets on the go
Paying with your physical credit card is so last year. If you have a compatible smartphone or smartwatch, you may be able to take advantage of these mobile payment services, such as Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay, replacing your physical wallet, allowing you to carry one less thing.
Check out our article to find the list of credit cards that offer Apple Pay, you would be surprised to see whether or not that extra little bit of convenience makes a difference.
Track spends & set financial goals
ASIC’s TrackMySPEND – Track personal expenses on the go with this free app that shows you what you are spending your money on and puts you in control.
ASIC’s TrackMyGOALS – Another ASIC MoneySmart App that allows you to set, plan, track and manage savings goals and visualise your progress towards achieving your goals.
PocketBook – This app simplifies your personal finances by syncing with your bank account and with smart automatic categorisation, you can see all your financial transaction data in one place. So, you can not only track your expenses and stay on top of bills, but also have a complete view of your finances to manage your money better.
Clarity Money – This app has pretty much all the personal finance features, such as syncing with your financial institution, setting budgets and tracking spends. However, on top of that, it can also help you cancel subscriptions you no longer need (your gym membership for example), and help you save money by analysing your spending habits and income to offer you credit cards that might interest you.
Tax time made easy
ATO App – The Australian Taxation Office’s all-inclusive app is a great tool for, all things tax related. This app puts tax and super help in your hand, making it easier for you to lodge and track your tax return and conduct super affairs on the go.
If you’re an individual taxpayer, small business owner or self-managed super fund trustee, you can access relevant tax and super information and tools, all in one place.
Sign up to Credit Savvy today and check your credit score for free!
Once you’ve got a handle on your spending and you want to consider working toward making a major purchase: a car or a house, for example, make sure you know your credit score. A good credit score is essential for getting either, and also comes in handy when you just simply want to compare and shop for a better deal for your credit needs.
If you are not in the market to borrow credit, no worries – we’ll teach you how to improve and maintain an excellent credit reputation so you’re ready for when you next need credit. Visit our Learning Hub for further resources and tools.