Based on the Linux Kernel, Android is a popular mobile operating system co-developed by Google. It was initially launched in 2003 as an alternative to Symbian and Windows mobile operating systems for touch screen devices and smartphones. In 2005 the company was acquired by Google who saw the development of the operating system into its current state. Android is a remarkable user interface based on direct interaction with the aid of touch screens and virtual keyboards. Today, Android OS is known for its multifunctional user interface and largely supports open source applications which are developed by independent app developers. If you are looking for an app to manage your budget, here’s the list of the most popular ones available for your Smartphone.
#1 MoneyWise
While being a relatively new addition to the Google play store, MoneyWise is available in both free and paid versions. While the free version makes it convenient for a tryout, the paid version has most of the practical features. Opening the app shows you your total income and expenses and shows the difference between the two. Bill payment reminders, auto-filling of commonly used transactions, separate widgets for income, expense and unspent amount, calculator, currency converter and an ATM/Bank locator are the most stunning features in this App.
#2 My Budget Book
Despite of its simplistic interface and lack of graphical features, My Budget Book is the hottest selling budgeting app available at the play store. The home screen shows 9 shortcuts represented with icons that allow you to separate your income, expenses and savings. The separate icon for uncategorized transactions allows you to apply various budget categories to keep your resources organized. Budget reports, password protection, DropBox integration and currency converter that support over 100 different currencies are the various additional features in this app.
#3 Budget Calendar
Using an ingenious calendar to manage your monthly budget, the Budget calendar provides a great number of functionalities to the user. The calendar interface provides a much easier way to plan your budget as compared to the confusing ledger system employed by most Apps. You can appoint each expense to a specific date on the calendar and also set payment reminders which never let you miss the payment of important bills. Detailed monthly reports, statistical data and budget forecasts based on your spending habits are the few additional features in the Budget Calendar.
#4 Toshl Finance Budget & Expense
Available in both free and paid versions, the Toshl Finance Budget & Expense app is one of the best apps to manage your budget. Despite of its high price, the app is highly popular due to its smooth interface and multiple functions. Budgets can now be planned on a daily, weekly, monthly, yearly or onetime payment basis. Adding multiple budgets and sources of income, easy export to popular file format such as excel and PDF, monthly email reports, data sync and online expense search are the distinctive features of this app.
#5 Mint
A powerful app developed by Intuit inc. Mint pulls all your expenses, income sources and savings under a single page. The homepage itself displays all your financial information including bank accounts, credit cards, loans and investments etc. in a single place. You can categorize your spending under different headings such as gas, food, electricity bills and phone bills etc. and provides you will several features that help you track your unknown expenses. The app is available for both smartphones and tablets and provides a high quality budget management with regular alerts.
It is easier to keep a track of your earnings and spending if you are a minimalist. However, for people with various sources of income and several expenses, it is always advisable to use any of the above apps to organize your finances. Apart from these one can also find out several other popular and multifunctional apps for budget management, straight from Google play store.
