How To Keep Track Of Your Finances With Style

12:21:00 PM Rhea Mocorro 0 Comments

Image taken from The Online Mom

I mentioned in my previous post Financial Resolutions For2014 about keeping track of my finances this year as a resolution I so want to keep (so help me God). I stated there how it is important to monitor your spending on a daily basis. This will give you a clear grasp if your expenses are greater than your cash flow in which you will have to resuscitate your wallet or otherwise which is great (Hallelujah, Hallelujah, Halle-lu-yah).

In order to help me with this resolution, I have a notebook where I get to write down my expenses. This is just a small one so I can carry it with me even in my smallest bag. At least I won’t have any excuse in documenting my income and expenses.

However with the advent of technology, keeping track of our finances is now as easy as texting. Alas you can be able to do this using your smartphones. To date, there are already tons of finance apps you can download. Since I am an android user, I am sharing my top three android-based apps. I am in no way connected to any of these app companies nor is this a sponsored post. I am just sharing these apps to help us. On top of it, these apps are FREE (insert The Best Things in Life are Free song cue here). For iPhone users, I am pretty certain there are also other counterparts of these.


I must tell you this is one straightforward app to manage your income and savings. This looks like your personal expense sheet. In here, you simply add new income and add new expense.  Then you can view entire transactions with the aid of the Account Summary and Account Activities.



(Pictures taken from Google Play)

Here are the other things that the app can do based on its online description:

        Tracking expenses and incomes by week, month and year as well as by categories
        Multiple accounts in multiple currencies
        Schedule the payments and recurring payments
        Take a picture of receipt
        Payment alerts
        Budget by day, week, month and year
        Search and reports
        Import and export account activities in CSV for desktop software
        Dropbox and SD Card backup
        Customize expense categories, payer/payer, payment methods, date format, white or black background, button style etc
        Account transfer
        Auto fill
        Convenient tools such calculator, currency converter, tip calculator, sales and tax calculator and credit card calculator
        Charts
        Free and no In-App purchase needed
        Developer support



This has a more graphical approach compared to Expense Manager. No wonder it was tagged as the best finance app in the android market. The opening tab lets you add Transaction, History, Pending, Settings and Reminders. The Add Transaction button lets you add an income or add an expense. What is great about this app is the reminder that you can set. This is really helpful if you have bills to pay that you will forget like me. Oh hello alarm!



(Pictures taken from Google Play)

Other features that you can appreciate with the app are the following:

        Keeps track of both your income and expenses
        Customization of categories for both income and expense sources
        Ability to set Reminders
        Facilitated with various currencies
        Widget in home-screen for quicker transactions
        Customized viewing of all former transactions
        Auto back-up every morning at four
        Capture image of payment receipts and bills.
        Manual back-up facility
        Mailing of data in desired format { detailed (.csv), summarized (.xls) and custom (.xls)}



What is lovely about this Expense Manager by Markus Hintersteiner is its bar graph on expenses. The side bar consists of the Overview, History, Budget, Distribution and Statistics. You can categorize your expenses here in terms of Health, Leisure, Transportation, Food and Drinks and Others. By the end of the month, you can be able to see the distribution of those expenses by percent.



(Pictures taken from Google Play)

Other features that the app contains:

        Holo style
        Ad-Free
        Record expenses
        Assign categories
        Manage monthly overheads
        Manage categories
        Set a monthly limit
        Homescreen widget for even faster usage
        DashClock Integration
        Expense History
        Spreadsheet Export
        Group your expenses by week, month or year
        Backup/Restore Feature
        Record incomes (In-App purchase)
        Detailed Stats (In-App purchase)
        Expense Distribution (In-App purchase)


I personally recommend installing one of these apps especially if you want to manage your money. This is one step towards financial literacy and to our journey towards financial freedom. This is one intelligent approach to know where our money goes and knowing if we are living within our means. We can also identify the kind of spender we are. 

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