Cashflow, Budgeting & Money-Saving Apps

Cashflow, Budgeting & Money-Saving Apps: Illustration of a hand holding a smartphone surrounded by a range of money, planning and social app icons.

It’s not always easy to keep on top of your finances. Most of us will have a mixture of current and saving accounts, mortgages and loans, credit cards or store accounts. We’ll have utility bills to pay, mobile and broadband bills, grocery bills and, of course, Netflix.

With all of this to keep track of, it’s often tricky to see the bigger picture. We can lose sight of our current financial health and may find ourselves wondering why we are only just scraping by each month.

But with our smartphones and tablets always close by, it’s becoming easier than ever to stay in control. There is a wide choice of money management apps available now, each able to securely connect to our accounts and automatically track our spending. And once we’re more aware of how much we’re spending on certain things, it becomes much easier to stay in control of our money.

Below you’ll find a list of some of the budgeting and money-saving apps that we feel are most helpful.

Cashflow & Budgeting Apps

Firstly we’ll take a look at the features of a selection of apps designed to monitor your cashflow situation and set budgets in place to help control your spending.

1. MoneyBrilliant

Key Features

  • Connect to almost 500 financial institutions to automatically track transactions.
  • Manually enter transactions if preferred.
  • Automatic transaction categorisation.
  • Personal alerts, including upcoming bills, low account balances, cashflow warnings, withdrawals, and fees charged.
  • ‘Safe Spending’ feature tells you how much money you can safely spend while still meeting all your monthly commitments.
  • ‘Net Worth’ feature shows all your assets and liabilities in one place.
  • Cashflow breakdown.
  • Create a budget and track your spending against it.
  • ‘Spending Report’ feature highlights where you money is really going.
  • Track your tax-deductable expenses.
  • ‘People Like Me’ feature lets you compare you finances to others like you.
  • Set savings goals and track your progress.
  • Create a plan to help you clear your debt more quickly.
  • ‘Own My Own Home’ feature guides you through the steps involved in buying a property.
  • Plan for your retirement.

Cost: Basic plan is free with limited features. Paid plans start from $9.90/mo.
Details: Web | Android | iOS


2. Pocketbook

Key Features

  • Securely link to multipe accounts from different banks.
  • Automatic transaction tracking and categorisation.
  • Receive tips and tricks to help you save money.
  • Create monthly budgets and track your spending against these to monitor progress.
  • Track bills and recurring payments with notifications to help you avoid late fees.

Cost: Free
Details: Web | Android | iOS


3. Frollo

Key Features

  • Real time insights across all of your connected accounts, on a single dashboard.
  • Automatic transaction tracking and categorisation.
  • Budget tool to help you get a handle on your spending.
  • Automatically track regular bills and payments.
  • Set savings goals and track your progress.
  • Provides tips on ways to make the most of your money and account benefits.

Cost: Free
Details: Web | Android | iOS


4. Goodbudget

Key Features

  • Virtual envelope based budgeting app. Split your monthy income between up to 10 envelopes.
  • Encourages you to spend based on remaining category budgets, rather than your bank balance.
  • Sync envelopes across muliple devices (2 on free plan, 5 on paid plan).
  • Set savings goals and track your progress.
  • Track your debts and keep on top of your repayments.

Cost: Free for the basic plan. Paid plan available to remove limitations.
Details: Web | Android | iOS


5. WeMoney

Key Features

  • Connect all of your accounts in one place for a 360 degree view of your money.
  • Automatically categorise your transactions.
  • Free monthly updates to your credit scores so that you can monitor and improve your financial health.
  • Set monthly budgets and money goals.
  • See your net worth.
  • View insights into your spending habits.
  • Track bills, wasteful subscriptions and recurring payments.
  • Daily spending notifications.

Cost: Free
Details: Web | Android | iOS


Money-Saving Apps

Now we’ll look at a few handy apps designed to help you save money with your day-to-day spending.

1. WiseList

Overview: Create grocery shopping lists within the app and allow WiseList to compare prices for you. Find the best offers by shopping around. The app also features money-saving recipes.

Cost: Free
Details: Web | Android | iOS


2. Finspo

Overview: Finspo will automatically analyse your home loan, savings and credit card accounts – finding the fees and interest you’ve paid. The app will then provide personalised insights on how you may be able to pay off debts more quickly and make your money work better for you.

Cost: Free
Details: Web | Android | iOS


3. ShopBack

Overview: ShopBack bills itself as the smarter way to shop online. Get up to 40% cashback on your online shopping, access exclusive promo codes, flash sales, and offers at over 500 top stores. Withdraw your cashback to your bank account as real cash.

Cost: Free
Details: Web | Android | iOS


4. Get Reminded

Overview: Set alerts for when important documents are due to expire. Shop around, save money and renew on time. Keep track of what you’re spending on all recurring financial commitments.

Cost: Free
Details: Web | Android | iOS


5. Splitwise

Overview: Take the headache out of splitting bills. Keep track of shared expenses on trips, or between housemates, partners, family or friends.

Cost: Free for the basic version. Pro version available with additional features.
Details: Web | Android | iOS


We hope you find at least some of these budgeting and money-saving apps useful. We’ll update the list from time to time as additional apps become available. As always, for professional financial advice based on your exact personal needs, do not hesitate to contact us using the link below.

Baldwin Financial Services is based in the northeastern suburbs of Adelaide.
Contact us to find out how we may be able to help you.