Expense Tracker Apps in India

Best 7 Expense Tracker Apps that can help you manage money – 2023

As the famous quote by Benjamin Franklin goes,
“Beware of little expenses; a small leak will sink a great ship.”

 It highlights the importance of tracking expenses, which is crucial for managing personal finances effectively. 

In today’s world, where expenses are increasing at an alarming rate, it becomes even more critical to keep a close eye on our spending habits.

Tracking expenses help you to understand our spending patterns and identify areas where you can cut back on unnecessary expenses.

It enables you to create a budget, stick to it and achieve your financial goals. However, tracking expenses manually can be tedious, time-consuming, and prone to errors.

This is where expense tracker apps come into the picture. 

These apps offer numerous benefits such as automatic categorization of expenses, real-time tracking, reminders, and insights into spending habits. They also provide a detailed analysis of our finances and help you make informed decisions.

India, being a country with a diverse population, has several expense tracker apps catering to the needs of its users. Like popular apps which are Moneycontrol and Walnut, there is an app for everyone out there.

In this blog, we will take a closer look at some of the most popular expense tracker apps in India and discuss their features, pros, and cons. 

We will also highlight the importance of tracking expenses and the benefits of using expense tracker apps.

Best Expense Tracker Apps in India

1. Wallet:

Features: Wallet is a popular expense tracker app in India that helps users track their expenses, set budgets, and manage their finances. 

The app allows users to sync their bank accounts, credit cards, and e-wallets to track their expenses automatically. 

Additionally, the app provides features such as bill reminders, splitting expenses with friends, and generating reports.

Pros

  • The app is user-friendly and easy to use. 
  • It offers an intuitive interface that makes it easy to navigate and use. 
  • The app provides a comprehensive view of your finances and allows you to categorize your expenses to understand your spending habits better. 
  • Moreover, it provides personalized budget recommendations based on your spending patterns.

Cons: The free version of the app has limited features, and to access all the features, users need to upgrade to the premium version, which can be expensive.

Additionally, some users have reported syncing issues with their bank accounts and credit cards.

Pricing: Wallet offers a free version with limited features, and the premium version costs start at $6.29 which is billed monthly

No. of downloads in Google Play Store: More than 5 million

Ratings on the Google Play store

Wallets Google Playstore Ratings and Reviews

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2. Monefy:

Money, the expense tracker app

Features: Monefy is another popular expense tracker app in India that allows users to track their expenses easily. 

The app offers a simple and intuitive interface that makes it easy to use. Additionally, it allows users to set budgets, track their expenses, and generate reports.

Pros: 

  • The app is user-friendly, and it offers a simple interface that makes it easy to use. 
  • It allows users to track their expenses manually or import them automatically from their bank accounts.
  • Moreover, it provides a detailed overview of your finances and helps you plan your budget effectively.

Cons: The app lacks some advanced features such as bill reminders and splitting expenses with friends. Additionally, the app does not offer any investment tracking features, which may be a downside for some users.

Pricing: Monefy Pro’s displayed price is for the Android version; for iOS it’s $4.50.

No. of downloads in Google Play Store: More than 5 million

Ratings on Google Play Store –

Monefy's Playstore ratings

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3. Spendee:

Spendee - expense tracker apps

Features: Spendee is an expense tracker app that helps users track their expenses, set budgets, and manage their finances. 

The app allows users to sync their bank accounts, credit cards, and e-wallets to track their expenses automatically. It provides features such as bill reminders, splitting expenses with friends, and generating reports.

Pros: The app offers a simple and intuitive interface that makes it easy to use. It provides a comprehensive view of your finances and allows you to categorize your expenses to understand your spending habits better. It provides personalized budget recommendations based on your spending patterns.

Cons: The free version of the app has limited features, and to access all the features, users need to upgrade to the premium version, which can be expensive. Some users have reported syncing issues with their bank accounts and credit cards.

Pricing: Spendee offers a free version with limited features, the premium version costs $22.99/year and Spendee plus costs $14.99/year.

No. of downloads in Google Play Store: More than 1 million.

Ratings on Google Playstore

Spendee's Google Playstore ratings

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4. Mint

Mint's - Expense Tracking App

Features: Some of the notable features of Mint include categorizing transactions, setting budgets, tracking credit scores, and providing customized alerts for bills and fees.

 It also provides suggestions for saving money and creating financial goals.

Pros: Mint’s user-friendly interface and ease of use are the app’s biggest advantages. It also provides personalized tips and insights based on your spending patterns.

Cons: Some users have reported difficulty syncing certain banks and credit card accounts. The app also has limited investment tracking features compared to other apps.

Pricing: Mint is a free app available on both iOS and Android platforms.

No. of downloads in Google Play Store: 10 Million+

Ratings on Google Playstore App

Mint's rating on Google Playstore

5. Walnut

Features: Some of the notable features of Walnut include bill reminders, split expenses with friends, and providing insights into spending patterns. 

It also allows users to apply for personal loans and credit cards.

Pros: Walnut’s biggest advantage is its ability to automatically track expenses from multiple bank accounts and credit cards. 

It also has a user-friendly interface and provides timely bill reminders.

Cons: Some users have reported issues with syncing certain bank accounts, and the app may take some time to update transaction information.

Pricing: Walnut is a free app available on both iOS and Android platforms.

No. of downloads in Google Play Store: More than 10 million.

6. Money Manager:

Money manager - the expense tracker app

Features: Money Manager is a popular expense-tracking app in India that helps users keep track of their expenses and manage their finances. 

The app comes with several useful features, including the ability to sync bank accounts, track spending, set budgets, and generate financial reports. 

It also allows users to categorize their expenses, set reminders for bills, and view their transaction history.

Pros: One of the biggest advantages of Money Manager is the user-friendly interface that makes it easy for users to manage their finances. 

The app also offers a wide range of features that can help users gain a better understanding of their spending habits and make informed decisions about their finances. 

The app provides users with customizable reports that offer insights into their spending patterns.

Cons: Despite its many benefits, Money Manager has a few drawbacks. One issue is that the app’s budgeting feature is limited and does not allow users to set up multiple budgets for different categories. The app does not offer a way to track investments or other financial assets, which can be a disadvantage for users who want to manage their entire portfolio in one place.

Pricing: Money Manager is available for free on both Android and iOS platforms, but users can also purchase a premium version of the app that offers additional features such as cloud backup and data export. The premium version of the app costs Rs. 400 per year.

No. of downloads in Google Play Store: More than 10 million.

Ratings on Google Playstore

Reviews and Ratings on Google Playstore of Money Manager

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7. YNAB (You Need A Budget):

YNAB- Expense Tracker App

Features: YNAB is a popular budgeting app that helps users manage their finances by giving them a clear understanding of their income and expenses. 

The app offers several features, including the ability to set up a budget, track expenses, and view financial reports. 

It also allows users to sync their bank accounts, create savings goals, and access educational resources on personal finance.

Pros: One of the biggest advantages of YNAB is its focus on budgeting, which can help users develop better spending habits and save money over time. 

The app’s ability to sync with bank accounts and credit cards also makes it easy for users to keep track of their expenses in real time. 

Additionally, the app offers excellent customer support and educational resources, making it a great option for users who want to improve their financial literacy.

Cons

  • One disadvantage of YNAB is its relatively high cost compared to other expense-tracking apps.
  • The app also requires users to manually input their transactions, which can be time-consuming for users who have many transactions to track.
  • The app’s investment tracking feature is limited, which may be a disadvantage for users who want to manage their entire portfolio in one place.

Pricing: YNAB offers a 34-day free trial, after which users can choose to subscribe to the app for the following price:

Annual Plan – 8.25*/month which is $99 paid annually

Monthly Plan – $14.99*/month

While the app’s high cost may be a drawback for some users, the comprehensive budgeting tools and excellent customer support make it a worthwhile investment for those who want to improve their financial management skills.

No. of downloads in Google Play Store: More than 1 million.

Reviews and ratings of YNAB

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Conclusion

In conclusion, expense tracker apps have become an essential tool for managing personal finances in India. 

They offer a range of features and benefits, including tracking expenses, creating budgets, and generating reports.

If you’re looking for the best app for you, it ultimately depends on your specific needs and preferences. 

It’s important to consider factors such as ease of use, integration with your banking apps, and security features.

By using an expense tracker app, you can stay on top of your spending and avoid those little leaks that can add up over time. 

So, whether you’re trying to save for a big purchase or simply want to be more mindful of your spending habits, an expense tracker app can help you achieve your financial goals.

FAQs

What is the best expense tracker app in India?

There are several good expense tracker apps in India, such as Money Manager, Walnut, and ET Money. 

However, the best app for you depends on your personal preferences and needs. 

Some apps are designed for individuals, while others are better suited for small businesses or freelancers. It is recommended that you read reviews, compare features, and try out different apps to find the one that works best for you.

Is there an app like Mint in India?

Yes, there are several apps similar to Mint in India, such as Money Lover, Monefy, and Pocket Expense. These apps offer features like expense tracking, budget management, and investment tracking, just like Mint.

How can I track my daily expenses in India?

You can track your daily expenses in India using a variety of methods. One way is to use a dedicated expense tracker app, such as Money Manager, which allows you to record your expenses and categorize them. 

Another way is to use a spreadsheet or a notebook to manually record your expenses. You can also use online banking or credit card statements to track your expenses.

Does Google have an expense tracker?

Google does not have a dedicated expense tracker app. However, you can use Google Sheets to create a simple expense tracker by setting up a spreadsheet to record your expenses and income.

How can I keep track of expenses for free?

There are several free expense tracker apps available in India, such as Money Manager, Wallet, and Expense Manager.

These apps allow you to track your expenses, set budgets, and view reports for free. You can also use spreadsheets or a notebook to manually track your expenses.

Are expense trackers safe?

Expense trackers are generally safe to use, but it is important to choose a reputable app and take necessary precautions to protect your personal information. 

Look for apps with strong security measures, such as two-factor authentication and data encryption. Additionally, avoid entering sensitive information, such as bank account numbers or passwords, into your expense tracker app.

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