Money Management deals with how well an individual or institution manages their money, be it in terms of spending, saving or investing so as to keep themselves safe from running out of cash.
Whether you are a professional, freelancer or a part-time worker, you would know how hard it is to earn money. These days, supervising your finance is as complicated as earning it. Overspending your money would definitely lead to a pathetic financial situation in the month ends. Hence, the management of daily expense plays a significant role in your daily life.
The chief idea behind money management is to reduce the amount you spend on products and services which basically plays no relevance in your daily life. By the way, keeping track of your day-to-day expenses could be the very first thing you should consider in order to manage your finance and start saving money.
Gratefully, the advancement of technology has already brought everything just under our fingertips. All you have to do is to find an ideal Money Management app for your device.
So, without wasting any more time, let us take a peek at some of the Best Money Management Apps available in India.
7 Best Money Management Apps in India
- Money Manager Expense & Budget
- ET Money
- Monefy – Money Manager
- Money View
- Money Manager
Being one of the most rated automatic expense tracker apps in the field, Walnut aids you to manage your daily income as well as expenses flawlessly.
Walnut analyses your SMS to find pieces of information in order to keep in track of your outlays. Hence, it automatically updates your expenses plus returns and provides a weekly or monthly summary.
The app also groups your outgoings into different categories such as Fuel, Shopping, Food, etc. Users can also get statements of expenses via e-mail by giving a simple request. Finally, Walnut also delivers a budget setting feature, which keeps you aware of overspending your money.
- Expense Tracker
- Monthly Summary
- Locate nearby ATM
- Email statement
2. Money Manager Expense & Budget
Money Manager Expense & Budget is yet another well-renowned app for financial plannings and budget tracking. It assists you to track your personal as well as business financial transactions automatically. Users can easily inspect their major roots of spendings on a daily, weekly or monthly basis.
The app also functions as an ideal budget planner by enabling users to set a maximum budget to spend, which keeps you informed about your spendings without wasting too much of your capital.
Money Manager also helps you trace your salary, deposits, loans, etc and even prompts you about your pending payments as well.
- Financial planning
- Spending reports
- Manage loans & deposits
- Auto tracking
3. ET Money
ET Money is a well-known finance management app packed with a wide variety of features. Considering it as a daily expense manager, ET Money gets all the works done without any hassle.
The app keeps itself updated with your daily expense details by fetching relevant data from transaction messages you receive. It can even auto-organize your bills, investments and other payments as well.
Apart from expense tracking, ET Money also features Mutual Fund Investments, Tax Savings, and Personal Loan services, etc.
- Expense Manager
- Auto-Organize Spends
- Mutual Fund Investments
4. Monefy – Money Manager
Monefy is one among the simplest expense management apps available in the Google Play Store which is packed with some handy features as well as a cool UI. Compared to all the other apps, users have to manually input their income and expense data in the app.
Users can connect Monefy with either Google Drive or Dropbox Cloud so as to keep a backup of their tracked expense and notable data. The added budget mode keeps users alert of their available budget with proper remainders and thus helps in saving a part of your money.
The app also lets you choose a passcode so as to keep intruders away from your analytics. In the end, Monefy sports some significant lock screen widgets too.
- Simple User Interface
- Add data manually
- Protect with Passcode
- Lockscreen Widgets
5. Money View
Money View is a safe and secure money management app to control all your expenses. The app functions by accessing your SMS in order to keep track of your revenue and outlays. It monitors your transactions and submits expenditure graphs and other relevant details.
Setting out a budget in the app helps you be in your budget limits without exceeding it. Thereby, helping its users to conserve a part of their wealth. Money View also reminds users to pay their bills and major payments on time.
- Finance Tracker
- Bill remainders
- Spend Graphs
Wallet is one another budgeting app lying around which aids you to plan your budget and spend money in a wise manner. It tracks your SMS inbox to stay updated with your spendings and prevents you from money mismanagement.
Users can also manually update their expenditure data if needed. At the end of each month, the app presents graphs and relevant summary of your outgoings and savings.
Besides, Wallet also sports the function to protect itself from unwanted visits using a PIN.
- Track spendings
- Easy to handle
- Family budget planning
- Protect with PIN
7. Money Manager
Money Manager is an easy to use daily expense manager app available for your Android device. The app is designed simply for faster access and functioning. Money Manager keeps track of your expenditures and helps you to stick around your budget without overspending.
Users can easily decipher their Income to Spend ratio from Pie Chart representations provided, which gives you an enhanced idea on your current expense management. Apart from this, the app also supports a number of languages and is free to use and ad-free as well.
- Easy to use
- Pie Chart depictions
- Bill remainders
So what are you waiting for? Start managing your finance straight away with the help of these handy Money Management apps, ensuring that you won’t be running out of money anymore.
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