An indispensable tool for 1.2 Million users in the European Union, Stockholm-based, Gimi (www.gimitheapp.com) – the free-to-use Neobank that helps kids learn how to earn, save, and manage money – is now available in India. Launched in Scandinavia in 2015, the app has been developed using scientific methods in order to prepare young people (aged seven and over) for life’s financial challenges.

“The Indian education system is known to be among the most competitive and high pressure academic setups in the world. For a country that seems to place a lot of emphasis on education, the concept of financial education and financial literacy is surprisingly still an alien concept. As the country rides a digital wave that has seen India become the second largest online market in the world (560 million internet users), home to one of the fastest growing digital payment ecosystems in the world and has 37% of its population below the age of 24, awareness around financial literacy is the need of the hour.” Said, Rohit Ramachandran, Co-Founder & CEO, Gimi India.

Siddarth Padmanabhan, Co-Founder & CRO, Gimi India, further adds, “We aspire for Gimi, as a digital banking application, to act as every Indian child’s first bank account. Through the medium of a teenager friendly smartphone application, kids will be introduced to the concept of digital payments, saving, and investing. We are confident of achieving this by rolling out two versions of the application – a parent’s version (used to configure the kid’s version and maintain oversight over the kid’s financial transactions) and a kid’s version (which will act as a full-fledged payments application). The kid’s payment experience will be backed with a prepaid card and the application will support India specific payment channels like UPI.”

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In this article, we will discuss 7 best expense tracker apps to manage your finances. With the help of these apps, you will able to keep track of your monthly expenses and efficiently manage your finances. Expense tracker apps help you to reach a new level of financial knowledge and preparedness. If you are also one of them who wants to track your budget/ expenses then of these expense tracker apps is likely a great fit for you.

QuickBooks

Are you one of them who is running a small business? When someone runs a business they have attempted many of the ways for both the personal and business finances with the help of the expense tracker app. In some of the cases, it leads with the messy reporting, unclear results and several troubles for understanding that what is going on with both sides of the financial life. If you forget to manage the finances between the personal and business that can lead to many problems due to the taxes as well as it might also harm your personal finances if your business is ever sued. So here we are providing the best expense tracker app for managing your finances and expenses with the QuickBooks program. If you want to use QuickBooks then it comes with the various versions as well as with the editions.  It all depends on your computer and business needs. QuickBooks is considered as one of the best options that come with several options to meet with your entire business management. Thus it includes the expense tracking, contract management and payroll. You can get all these functions in the one application.   

Mint

Mint is one of the oldest and an app that has full-featured expense tracker app options. Every entrepreneur knows that mint is one of the best-known apps for personal finance tools around. There are several features that come along with the Mint app. We all know that mint is an expense tracker app that is free of cost, it helps to support the wide range of the banks and the lenders. In the financial software world mint is comes in the most trusted names. Mint allows you to receive the budgeting, expense tracking, credit monitoring and the bills. 

Wally

With the help of the expense tracker app wally, you can get insights into the spending habits by using artificial intelligence and some of the other technologies. It is one of the best focus that helps properly for focusing on all the expenses and it ensures by the feedback. It also provides social features for the purpose of the shared expenses.  

Personal Capital 

If you are not able to control your money regarding expenses then personal capital is considered as one of the best options. It comes with better charts and the graphs for your finances. It is known for the full-featured investment app that is free personal finance dashboards that is available for anyone who signs up and is packed with the features. If you are busy in your work then it allows you to automatically tracks and categorizes every expense that you make on linked credit or the debit card.  No time to record? Then it is a perfect app to fit with your all the requirements by showing your monthly cash flow with the ability to break all the expenses according to the category and helps to dig in the deeper.

Clarity Money

Clarity Money is one of the best financial apps that is available for both the online and mobile interfaces. Clarity Money has an easy to navigate design, a wide range of the accounts supported. It also includes the features of recording the spending, savings and subscriptions.  According to each month, you can able to track the spending over time. You can compare your last month budget to this month with the easily available options. Clarity Money can track and cancel subscriptions, track your credit score, and automatically add to savings on a regular basis.

YNAB

When we talk about the budget and the needs then why not we talk about the YNAB. YNAB stands for the You Need a Budget. The folks behind this app worked hard to build an app specifically focused on budgeting and expense tracking. The app takes a unique philosophy to budgeting. Users are forced to give a job to every dollar they earn, whether it is related to savings, expenses or investments, and the app uses that to show user budgets. The original version allowed for manual expense tracking only, though the newer update allows you to automatically import expenses from a linked bank account as well. It isn’t perfect for everyone, but if you want to start budgeting and need help getting the process moving, YNAB is likely a good fit for your needs.

Mvelopes

How much money do you have to spend this month at coffee shops? How about clothes? Most budgeting and expense tracking apps are designed to tell you what happened after you spend your money. Mvelopes takes a different approach and offers spending forecasts and suggestions to keep you from going overboard on your next visit to the mall, or Amazon, or wherever else you like to spend money. Envelope budgeting is a style of budgeting where you literally put cash in envelopes at the start of the month, and you can spend until your envelopes are empty. Mvelopes takes that experience online, offering users digital envelopes to store their spending money each month.

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