Dear Savvy,
I recently made a budget to curb my spending and start making a significant dent on my debt. Is there an iPhone app that allows me to track my purchases for the week? I want something I can access on the go.
Savvy says: Any day is a good one for getting your finances in order, and kudos to you for making a savvy Spring resolution. There are several iPhone applications that could suit your needs. To see details on a few that could be good bets, .
- Spend [1] ($0.99): This inexpensive app advertises itself as a "quick and easy to use budget tracker." It allows you to see your budget broken down into specific categories, and when you enter how much you've spent in a particular area it calculates how much you have left for the day.
- Cha-Ching [2] ($2.99): Similar to Spend, this app is for "budget management on the go." You're able to enter transactions and customize categories that you may have outlined in your personal budget.
- Mint [3] (free): If you haven't already signed up for Mint, it's a really great way to organize a budget and see where your money is going. You'll need to sign up with the website in order to take advantage of the app [4]. There doesn't seem to be a way to manually catalog your purchases, but it provides an easy-to-follow overview of spending patterns and bank balances. I encourage you to check it out — it's helped more than a few friends get out of debt by sticking to a budget. You can even text to immediately find out your balances [5], so you'll always know if you have enough to cover an expense.
Have any of you been using iPhone apps for managing your money?