5 Best User-Friendly Expense Tracker Apps in Singapore

Adulthood entails managing a variety of financial obligations. Among the most crucial adulating abilities you should master is how to manage your funds effectively. Unfortunately, staying on top of your budget is becoming more challenging as living expenses and market prices climb. There are several straightforward expense tracker apps in Singapore. Your expenditures will be easier to manage.

In Great Britain (UK), most people under 30 use some budgeting software, according to a poll by Attest. Most people used a budgeting app somewhere around once per month (10%) and daily (90%), depending on frequency (14%). Only 4% of respondents claimed to use a budget app many times each day. You can even set a target amount based on how much you need to save if you find the correct expenditure tracker software.

How Safe Are Expense Tracker Applications?

If you utilize a trustworthy budget monitor, it's not as risky as you would assume. The applications, however, have "read-only" accessibility, which only allows them to view your financial activities. Below, we provide a few recommendations. Let's first examine the information you're exchanging with the program and how it is stored.

The program won't display any of your banking login information but will show your budget (items like transactions, invoices, etc.). Therefore, even if an individual could get into your application, they couldn't access your existing checking account.

This serves as a security precaution since even if somebody stole your phone and opened the budgeting software, they could not have access to all of your data. However, it would help if you always use caution while handling financial problems. To that end, the following are some recommended practices for utilizing these expense tracker apps:

Top Expense Tracking Apps for Organizing Your Budget

1. Spendee: Recommended for Novices

Spendee is a fantastic software to use as a starting point if you're new to cost monitoring. This specific budget monitoring tool has stunning aesthetics and a straightforward user interface. You can easily manage your finances with Spendee from a single location.

Connect your equity and bank accounts to the Spendee profile for a hassle-free budget tracker.

Specs:

● A more efficient method of financial management

● profound thoughts in a simple to comprehend the image

● Create wise budgeting to prevent overpaying

Price: Free

Rating: 4.6 out of 5

2.2K reviews on iOS; 36.4K reviews on Google Play

2. TOSHL Finance

Want to monitor your spending closely? The spending tracking tool Toshl Finance is crammed with features that might be too much for new users. You won't be overloaded with information from the app. It is also incredibly simplified and straightforward to use.

It enables you to link several savings accounts from all around the world. Additionally, you can auto-sync numerous devices and connect several credit cards for increased simplicity, making it perfect for keeping track of household costs.

Specs:

● Financial documents for the premium version are limitless.

● Feature for scanning fingerprinting

● Support for several currencies Auto-sync with various devices

Cost: Free with a one-year membership; paid version begins at USD3.33 per month.

Rating: 4.7 out of 5

Five hundred twelve iOS reviews and 30.3K Google Play ratings.

3. Seedly: Ideal for beginners

The top personal financial resource in Singapore would be the Seedly blog. If you frequently read their financial blog, you'll be pleased to hear that they recently released Seedly, their spending tracking software.

The Seedly app's basic design attempts to assist users in breaking down their spending habits. It has graphs that are quick and simple to interpret. Perfect for newbies, you may quickly develop the budgeting habit without becoming baffled by the plethora of technical language.

Specs:

● examines and dissects your transaction

● shrewd spending areas

● individual budgets

● Comparisons of monthly transactions

Price: Free

Rating: 4.4 out of 5

Two hundred thirty iOS reviews and 317 Google Play reviews.

4. YNAB for Couples

You Could use a Spending plan, often known as YNAB, which is unique from other cost monitoring applications in that it instructs you how to control your finances. It offers various budgeting options and tools, such as bank synchronization. Additionally, YNAB provides more than 100 free live courses about money management.

When creating a joint budget with a companion, YNAB is a fantastic choice. This program will assist you in keeping track of your accounts if you have a single charge, several account holders, or a mixture of the two. It also provides you and your spouse with a transparent, up-to-date view of how you jointly control your finances.

Specs:

● utilizes a prize-winning program

● synchronizing several bank accounts

● fantastic client service

● Budgeting seminars

● Yes, YNAB works well in Singapore, much like the majority of cost-monitoring applications.

Cost: It is free for the initial 30 days, then $14.99 per month after that

Rating: 4.7 out of 5

There are one hundred thirteen iOS reviews and 10,000 Google Play reviews.

5. Expensify: Excellent for Independent Contractors and Small Businesses

Among the top expense-tracking applications for freelancers or small businesses is called Expensify. As a company owner, you can ensure that Expensify will effortlessly track all individual transactions using the same email account.

It aids users in keeping track of invoices and other payment procedures. Each receipt may be coded and categorized using this software. Additionally, it may automatically submit costs for refund and clearance.

Specs:

● Keep tabs on all personnel activities and claim submission

● Workers won't have to fill out every field thanks to the SmartScan function manually.

● Integrating accounting systems and approving expenses

Cost: Free for consumers and independent contractors; premium versions for businesses begin at $5 per user each month.

Rating: 4.5 out of 5

One hundred thirteen thousand five hundred fifty-two iOS reviews and 19,800 Google Play reviews.

The Household Financial Book, the prettiest cost tracker app, and Zen money, which forecasts spending, are other applications to consider.

Helpful Advice for Budget Tracking Apps

Want to start budgeting your spending and saving money? Utilizing the best expense tracker apps is only the beginning. Here is some further critical advice for controlling your expenditure and eventually saving money:

1. Set measurable objectives

To stay motivated to keep to a budget, setting objectives is essential. It's preferable to make your dream attainable and measurable, nevertheless. Here's an illustration of a quantifiable goal:

● After the year, you aim to save SGD X.

● By turning 30, You want to own a 2-room Apartment in X.

2. Use the 50/30/20 guideline when creating a budget

Not sure where to begin? As a general guideline, divide your money into three groups.

● Your checking account must receive up to 20% of the average household income: 50% or more for necessities like food, bills, debt repayments, etc.

● You can utilize up to 30% of your budget for discretionary expenses like amusement, clothing, etc.

3. Figure out the app's owner

More prominent financial organizations, the owners of many financial applications, need expertise in securely processing user data.

4. Secure your device using a password

Set up a secure password, PIN, or biometric to open the home page of the gadget you're using to ensure that no one may peep at your funds. Additionally, this is crucial for safeguarding your existing checking account.

5. Put antivirus software on your phone

Even if you don't use a budgeting tool, you must still get a powerful antivirus because malware targeting financial accounts constantly rise.

6. Use caution while using a budgetary app on unsecured Wi-Fi

Never connect to an unprotected public Wi-Fi network to access your bank balance or use budgetary software. Hackers may easily monitor all you do on these networks—using your phone data rather than connecting to an accessible community network if you must use the app while away from home or think about utilizing a VPN to secure your session.

Conclusion

You may effortlessly accomplish your financial objectives by staying on track with the aid of a dependable expense tracker app Singapore. With the ease of having all your financial information in one location, budgeting software makes it simple to keep track of your expenditures. In the last month, 73% of mobile phone users used software to track their finances.

The most intelligent cost-tracking tool will make entering expenses easy and guarantee fast synchronization with your banking and credit balances. But given the current state of information security, you might be unsure about whether it's secure to give an app access to the entirety of your financial records. To find the characteristics that best meet your needs, evaluate several applications.