Best Expense Tracker Apps

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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 Expense Tracker Apps

Best for Investors : Personal Capital

Personal Capital logo

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 who signs up 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 Small Businesses : QuickBooks

Intuit Quickbooks expense tracker

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, contract management, and payroll, all in one app.

Best for Mobile : Clarity Money

Clarity Money

 Clarity Money

Clarity Money is a financial app with both online and mobile interfaces available. However, on the phone, it stands out as a clear winner. This is 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, including spending, savings, and subscriptions.

One notable 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

Wally logo

Wally is an integrated expense tracker app that provides insights into your spending habits by syncing with your financial accounts and using artificial intelligence. Wally has a big focus on expenses and presents feedback and useful information on your spending, but it also has a social feature for shared expenses. For example, if you share utilities with a roommate, Wally can track those expenses.

The appealing graphics and social features will be appreciated by millennial users. Note that Wally is available only on iOS devices.

Most Popular : Mint

Intuit Mint Logo

 Intuit Mint Logo

No list of expense tracker apps would be complete without a mention of Mint, one of the best known personal finance tools 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. With this app, you are receiving help with budgeting, expense tracking, credit monitoring, and bills.

However, while Mint is one of the oldest and most full-featured expense tracker app options, it isn’t perfect. There are a handful 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 a challenge.

Best for Budgeting : YNAB

Courtesy of YNAB

YNAB stands for You Need a Budget. The folks behind this app 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 a job to every dollar they earn, 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



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. Mvelopes 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.


What Does an Expense Tracker App Do?

An expense tracker app is either web or phone-based and can help you track a range of expenses. You enter incoming and outgoing money and the app can help you store and track that information. It can help you track your budget, track your investments, use graphs and charts to show your progress, and keep your business and personal expenses separate. 

Expense tracker apps can also track your spending habits and give you helpful insights to better help you understand where you’re spending and how you can cut back. Expense trackers can be used on the go and different apps are good for different types of expense tracking. 

How Much Does an Expense Tracker App Cost?

Expense tracker apps vary greatly in costs. Some are free, some offer a free 30-day trial and others offer both a free and a paid version. One app offers extra features like credit score monitoring for $16.99 per month. Another costs $83.99 per year and offers budget tracking and tips. 

Is an Expense Tracker App Worth the Cost?

You decide what kind of expense tracking you need help with, and then compare the free apps with the paid ones. If the features you need cost money, you need to weigh if it’s worth the cost. It’s a good idea to start with a free or low-cost version and see if you actually use it before spending money on a premium version. Still, none of the expense tracker apps are that expensive and if they save you more than they cost, they will be worth the expense. 

How We Chose the Best Expense Tracker Apps

We chose these 7 best expense tracker apps based on their compatibility with phones and other apps, their features and tools, and how easy they were to use. We also looked at what their goals were and if they achieved them.