3 money apps to help you keep an eye on your spending

According to Forbes magazine more people have mobile phones than toilets.

“Six of the world’s seven billion people have mobile phones – but only 4.5 billion have a toilet, according to a U.N. report.” (more information here)

It certainly seems that our lives are relying more and more on the cell phone and I’m often asked about apps and the best way to track spending.

As with any app though, it requires you to have the discipline to put the information in and with these kind of tracking systems it really needs to be done daily. Make sure you check with your online banking services and see if they have an app for you to use, most of them do these day.

Personally and for the people I coach and mentor the most effective way for tracking spending and connecting to what and why you have spent – is to write it down. The brain engages many more neural pathways when writing and this has been scientifically proven to enhance our ability to retain and connect with the information. (New York Times Article Handwriting)

That said I’ve pulled together a list of the apps that I have used. They’re pretty easy and each one has good bits and not so good bits. I’ll leave that up to you!

1. Pocketbook – FREE


What I LOVE about Pocketbook is it’s simplicity and its ‘safely spend’ alert. It automatically categorises your spending from your bank accounts, has a look and detects what your future bills will be and allocates you a spending budget. And it’s graphs and all that groovy stuff to keep you on track.

Website – https://getpocketbook.com/

2. Track My Spend – FREE


This app was created by ASIC’s Money Smart division (government) and is a really great way to track your spending on the go. You can create favourites and tags that make it faster to track. It also categorises your NEEDS and WANTS.

Website – https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/mobile-apps/trackmyspend

3. Toshl Finance – FREE version or $1.99/m or $19.99 /y


Website – https://toshl.com/

This one has it all. Expense tracker, budget keeper, bill organiser, use across multiple devices, pass code. It’s also got characters and sounds to me interested!

Do you use an app? What do you like about it? Let me know below.

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