The 8 Best Expense Tracker Apps of 2019

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The first expense tracking apps came out decades ago in the form of desktop programs such as Quicken and Microsoft Money, but the world of expense tracking has come a long way since the first version of Quicken came to the market in 1983. Now you have Web and phone-based expense tracker apps that can help you reach a whole new level of financial knowledge and preparedness. If you need to track a budget, one of these expense tracker apps is likely a great fit for you.

Best for Investors: Personal Capital

Personal Capital
Courtesy of Personal Capital

If you mostly have your money situation under control but want better charts and graphs for your finances, Personal Capital is the best option. Personal Capital is actually a full-featured investment manager for hire, but its free personal finance dashboard is available for anyone and is packed with features.

Specific to expenses, Personal Capital automatically tracks and categorizes every expense you make on a linked credit or debit card. From there, the app creates charts showing your monthly cash flow with an ability to break down expenses by category and dig in deeper where you see concerning spending habits. It isn’t great for budgeting, but is powerful for tracking your finances overall, particularly your investments.

Best for People Who Hate Charts/Graphs: Penny

Courtesy of Penny

Penny brings an artificial intelligence style chat experience to financial management and expense tracking. What makes Penny so unique compared to other expense tracker apps is the lack of a dashboard. Instead of logging in and clicking on charts, graphs, and tables to view your financial data, you interact through a chat feature that talks to “Penny” herself.

If you hate spreadsheets, Penny is for you! It offers a friendly, positive interface and tracks every expense from linked accounts automatically. When you open the app, you can respond to prompts to get summaries and insights into your spending and financial health.

Best for Small Businesses: QuickBooks

Courtesy of QuickBooks

If you run a small business, you might have attempted to run both your personal and business finances through one expense tracker app. This leads to messy reporting, unclear results and trouble understanding what is going on with both sides of your financial life. Plus, blurring your finances between personal and business can lead to problems with taxes and might harm your personal finances if your business is ever sued.

Like Mint, Intuit is the clear leader in this space as well through its popular QuickBooks program. QuickBooks comes in various versions and editions depending on your computer and business needs. While it is far from perfect, it is the biggest and best option currently to wrap up your entire business management, including expense tracking, in one app.

Best for Mobile: Clarity Money

Clarity Money
Courtesy of Clarity Money

Clarity Money is a financial app with both online and mobile interfaces available, but on the phone, it stands out as a clear winner thanks to its easy-to-navigate design, a wide range of accounts supported and its fun card style in-app analysis that gives you highlights of your recent account activity, spending included.

One cool feature tracks your spending over time each month compared to your expected monthly income. Users can also quickly see what they spent at top merchants with a few screen taps. The app also includes features to track and cancel subscriptions, track your credit score and automatically add to savings (through a Clarity Money account) on a regular basis.

Best for Millennials: Wally

Courtesy of Wally

Wally is an integrated expense tracker app that provides insights into your spending habits using artificial intelligence and other trendy technologies. Wally has a big focus on expenses and presents feedback and useful information on your spending, but it also has a social feature a la Venmo for shared expenses.

While it doesn’t have live bank links (at least in the Wally+ version for Android), that adds a little extra security for hack apprehensive Millennials. When you add in the pretty graphics and social features, you have something many Millennial users will enjoy.

Most Popular: Mint

Courtesy of Mint

No list of expense tracker apps would be complete without a mention of Mint, the best known personal finance tool around. Mint is great because it is free, supports a wide range of banks and lenders and comes from one of the largest and most trusted names in financial software, Intuit.

However (there’s always a however, right?), while Mint is one of the oldest and most full-featured expense tracker app options, it isn’t perfect. There are plenty of bugs in the software, and new features are slow to release since Intuit bought the app in 2009. And if you do find a bug or a problem in your account, getting support can sometimes be hard.

Best for Budgeting: YNAB

Courtesy of YNAB

YNAB stands for You Need a Budget. The folks behind this app seriously believe that and worked hard to build an app specifically focused on budgeting and expense tracking. The app takes a unique philosophy to budgeting. Users are forced to give every dollar they earn a job, whether it is related to savings, expenses or investments, and the app uses that to show user budgets.

The original version allowed for manual expense tracking only, though the newer update allows you to automatically import expenses from a linked bank account as well. It isn’t perfect for everyone, but if you want to start budgeting and need help getting the process moving, YNAB is likely a good fit for your needs.

Best for Digital Money Envelopes: Mvelopes

Courtesy of Mvelopes

How much money do you have to spend this month at coffee shops? How about on clothes? Most budgeting and expense tracking apps are designed to tell you what happened after you spend your money. Level Money takes a different approach and offers spending forecasts and suggestions to keep you from going overboard on your next visit to the mall, or Amazon, or wherever else you like to spend money.

Envelope budgeting is a style of budgeting where you literally put cash in envelopes at the start of the month, and you can spend until your envelopes are empty. Mvelopes takes that experience online, offering users digital envelopes to store their spending money each month.