Now days more and more people are choosing to manage their family budgets, finances and personal banking through using smartphone apps. Long gone are the days of using pen and paper and writing down your daily spending amounts.
No matter how simple or complicated you money management needs are, now there’s an app for that.
In increasing numbers Australians are showing a growing appetite for doing their personal banking, attending to their personal loans, and money management on the go. With the majority of Aussies owning a smartphone, it’s never been easier to manage your finances from inside one of the many popular apps.
Recent studies conducted by CommBank show that as of the previous financial year, more than 2.5 million Australian app users prefer to manage their money in this way.
Just as there has been an explosion in apps which can monitor and help us with improving our fitness, there’s now a wide selection of money management apps available.
Pocketbook
When it comes to the many apps available on the market, Pocketbook is a simple smartphone app which you can use to sync with your credit cards, bank accounts and loans.
The app can be set up to monitor regular bill payments and to forecast future bills by using pre-set categories of your choice. Pocketbook also lets you know when any fees are charged to your credit cards by pushing simple alerts to your smartphone screen.
With an included “safely spend” feature which enables you to control the monthly amount of your discretionary spending, at all times you will be aware of exactly how much of your money is coming in and going out.
TrackmySPEND
A simple to use app can assist you with your everyday purchases and the tracking of your daily expenditures. Getting a handle on your monthly budgeting has never been easier when using this powerful smartphone app.
The TrackmySPEND app has been developed for MoneySmart as well as the Australian Securities and Investments Commission, allowing everyday Australians to track their spending and for keeping an eye on where they money goes.
This clever app allows you to enable tracking on a daily basis and record all outgoing financial transactions. By using this app you will be more aware of how much you are spending and will be able to make better financial decisions.
Money apps making life easier
Money management apps have been designed to allow users to create a clear overall view of their monthly spending habits and to ensure that they are sticking to their budgets and financial goals.
Using a smartphone app as a way to monitor and record your daily spending, makes the process of managing your money much easier. Ultimately it all boils down to which personal finance app is best for your needs.
There are a large selection of apps currently on the market to choose from, including simple to understand and use, to the much more detailed ones. It’s a smart idea to research the effectiveness of a money management app, by measuring the amount of time you save manually tracking your personal finances.
