• Tools to help make managing your finances easier
  • Apps for:
    • budgeting
    • tax
    • saving
    • money management
    • business expenses

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I’ve always struggled with finding apps that work for me as far as money goes. I use the banking apps all the time, to transfer money and pay things, but as far as anything else goes? Well, let me say that using apps for my finances hasn’t been a roaring success for me.

Until recently.

Just recently, a plethora of awesome money apps came into my life and they’ve made things so much easier for me. I can now access all my bank accounts across five different banks (I need to sort that out soon) in one app.

And what’s more, John loves the app, too. Getting John onboard with using the app to keep on top of things has always been my biggest problem. I don’t mind having to do a little jiggery pokery to find the information that I want, but John won’t have a bar of that; if he can’t see what he needs to know instantly, he’ll just move on.

I have another app (Raiz) that taps into my account and invests the small change left over from my transactions.

I have another app that makes doing the bookkeeping for the accountant so much easier.

NB – These apps are all Australian. I’ve chosen to do this article on Australian apps because it’s quite difficult to find that information. You think you’ve found a great new app or program only to find out that it only works in the US & Canada. I’ll do more reviews & recommendations after I’ve done a little research of those apps with friends in the relevant countries.

1. MONEYWIZ 3

App Type: Personal Finance Management (connects directly to bank)
Cost: Premium is $59.99 a year or $5.99 a month (other options available)
Availability: Android and iOS, Mac & Windows

My favourite money app.

MoneyWiz 3 is an Australian personal finance app that not only allows you to track your expenses to work out your monthly spend, it also allows you to forecast based on upcoming transactions, so you can see what your balance will be after certain payments have gone out.

For me, this was the clincher in the deal with this app. I’m juggling money as we’re trying to get out of debt and I need to know that there’s enough money in all the accounts for all the upcoming payments.

When you get the premium version, you can sync across multiple devices and types of device – another big plus.

The app also lets you set spending limits and then notifies you when you’re getting close to or (damn) over your budget.

The best feature of this app is that it connects to your bank so that you can track income and expenses automatically, although if you’re worried about having an app with that ability, this may not be the app for you.

Click here to download on the App Store
Click here to download on Google Play

2. DEBIT & CREDIT

App Type: Personal Finance Management (does not connect to bank)
Cost: Free or upgrade to Premium for $19.99
Availability: iOs and Mac

Similar to MoneyWiz 3, this app takes your transactions and categorizes them, allowing you to track your spending against budgets and balance your accounts.

The difference between the two apps is that Debit & Credit requires you to import the data file, it doesn’t connect directly to the bank iteslef. If you’re worried about the safety of your information, this may be a better option than MoneyWiz for you.

Click here to download on the App Store

3. TRACKMYSPEND

App Type: Personal Finance Management (does not connect to bank)
Cost: Free
Availability: Android and iOS

An ASIC Money Smart App, TrackMySpend is a basic budgeting app thathelps you track what you spend.

You can categorise expenses, set regular expenses as favourites and flag expenses as needs or wants.

You can also download the data to a spreadsheet for further analysis or to import into other accounting software.

It’s not designed to spit out comprehensive or detailed statements, it’s literally just a tool to help you write down your expenses so you can see where your money is going. If you’re really fresh to this whole budgeting and tracking thing, this could be a good place for you to ease into it.

Click here to download on the App Store
Click here to download on Google Play

4. BUDGET

App Type: Personal Finance Management (Does not connect to bank)
Cost: $62.99
Availability: iOS

This app uses a virtual version of the old-fashioned envelope system to help you budget your money. Whilst it’s not the cheapest app on the market, for those of us who like to be able to visualise things easily, it could be the way to go.

Budget allows you to do all the things the other apps do, such as track expenses, monitor savings goals, sync with your partner, monitor cash flow and analyse your spending patterns.

While this app isn’t Australia specific, Australians can still use it and it’s one of the most popular budgeting apps on the web.

Click here to download on the App Store

Related articles:

5. TRACKMYGOALS

App Type: Savings Goals
Cost: Free
Availability: Android and iOS

ASICs MoneySmart website has heaps of information and a number of great tools to help you to keep on top of your finances.

The TrackMyGOALS app is designed to help people cultivate good savings habits and reach their goals.

The app helps you to create realistic savings goals, prioritise and visualise those goals, and track you progress.

Click here to download on the App Store
Click here to download on Google Play

6. RAIZ (FORMALLY KNOWN AS ACORNS AU)

App Type: Investment
Cost: App is free but there is a monthly fee: $1.25 per month for balances under $5,000 at time of writing
Availability: Android and iOS

Now available in Australia, Raiz is an investment app that links to your bank account.

When you spend, Raiz rounds up your transaction to the nearest dollar and invests that change for you in a diversified portfolio (EFT) at your chosen level of risk.

As this is an investment portfolio, it is subject to market fluctuations. You will also need to pay tax on all realised capital gains. Check out their website for more information.

Click here to sign up and download the app

7. EXPENSIFY

App Type: Travel & Business Expense
Cost: Free plus upgrade to monthly subscription for $6.99
Availability: Android and iOS

How. Cool. Is. This?

I mean, seriously. Who EVER fills in that little log book after a car trip? I know, I know, no one will ever own up to filling the thing in at the end of the year because we all know that’s illegal, right?

But here you are: an app that allows you to scan receipts and track time or mileage for your tax deductions.

What’s cool about Expensify is that it pulls information from the receipts including date, time, amount and merchant and puts it all into a CSV file ready for your accountant at tax time.

This has to be one of the most useful business apps on the market.

Click here to download on the App Store
Click here to download on Google Play

Related articles:

8. AUSTRALIAN TAXATION OFFICE

App Type: Tax Management
Cost: Free
Availability: Android, iOS and Windows Phone

And speaking of tax, did you know that the ATO itself has an app?

The ATO’s app is for individual taxpayers, small business owners and self-managed super fund trustees.

It allows you to access their online services, lodge and track your income tax return, record and manage tax deductions, calculates the tax to withhold, works out key tax dates, access tools and calculators, to name just a few functions.

If you’re serious about getting on top of your financial situation, this is a must have.

Click here to download on the App Store
Click here to download on Google Play

9. YOUR BANK’S APP

App type: Banking
Cost: Free
Availability: Android and iOs

Most banks now have pretty comprehensive apps that allow you to manage your money, check your balance and pay your bills. They may even help you to allocate your expenses for you.

Some banks also have their own money tracking/savings/budgeting tools and apps. For instance, I know that Commonwealth Bank of Australia (CBA) have the MySpend and NetBank tools, so make sure you check whether your bank already offers a tool that meets your needs!

On top of this, some of the banks have a ‘tap and pay’ facility that allows you to use your phone to pay for things instead of carrying around your wallet.

The apps will also provide you with distance and directions to ATMs in your vicinity.

Click here to go to the App Store to download your banks’ app
Click here to go to Google Play to download your banks’ app

Hopefully, there are a few apps here that will help you to get on top of your finances and make thing a little easier for you.

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