Top Expense Tracking Apps in 2024 and How to Build One

Expense-tracking apps help individuals or businesses monitor their expenses and income, create budgets, and make informed financial decisions. These apps have become increasingly popular in recent years as more people realize the importance of keeping track of their finances.

In this blog, we will share a list of top expense tracking apps in 2024 that you can use to take charge of your expenses and lead toward financial stability. We considered factors such as user ratings, features, ease of use, and pricing to rank the top expense-tracking apps.

Expense-tracking apps help individuals or businesses monitor their expenses and income, create budgets, and make informed financial decisions. These apps have become increasingly popular in recent years as more people realize the importance of keeping track of their finances.

In this blog, we will share a list of top expense tracking apps in 2024 that you can use to take charge of your expenses and lead toward financial stability. We considered factors such as user ratings, features, ease of use, and pricing to rank the top expense-tracking apps.

Top Expense Tracking Apps in 2024

Mint

Mint is the ultimate financial tracking tool that makes budgeting a breeze. Mint is free and help connect your bank accounts, credit cards, and other financial accounts in a single platform to give you a clear picture of your spending habits.
With Mint, you can easily create budgets, set savings goals, and monitor your progress towards achieving them. Plus, the sleek and user-friendly interface makes managing your finances a pleasure. Say goodbye to tedious spreadsheets and hello to a more streamlined and sexy way to take control of your money.

Key Features

• Consolidates all financial accounts and statements in one place
• Customizable budgets and spending categories
• Alerts for unusual transactions and upcoming bills
• Provides credit score monitoring and personalized financial advice

Personal Capital

Personal Capital is an all-in-one financial management app that helps users organize and optimize their finances. With its free investment and retirement planning tools, users can track their portfolios, set financial goals, and receive personalized investment advice.
Personal Capital offers expense tracking to help users monitor their spending and find opportunities to save money. Personal Capital’s intuitive interface and comprehensive financial planning tools make it a must-have for anyone serious about achieving financial success.

Key Features

• Investment portfolio tracking and analysis
• Retirement planning tools, including a retirement savings planner
• Bill tracking and alerts
• Provides a personal financial advisor for users with $100,000 or more in investable assets

YNAB (You Need a Budget)

YNAB is a powerful budgeting app that helps you reach your financial goals by giving every dollar a job. With its intuitive interface and goal-setting features, you can easily allocate your money towards specific expenses and track your progress over time.
Although YNAB requires a paid subscription, it is undoubtedly a smart investment to take control of your spendings and build a better financial future.

Key Features

• Customizable budget categories and goals
• Goal tracking and progress monitoring
• Financial education resources, including free workshops and classes
• Automatic transaction importing and categorization

PocketGuard

PocketGuard is the ultimate money-saving wingman that helps you make the most out of your hard-earned cash. With its smart expense tracking feature and effortless categorization, you can easily keep track of your spending habits and stay on top of your financial game.
The innovative “spendable” feature in PocketGuard shows the money left to spend after accounting for bills and savings, assisting you make informed financial decision and never miss a beat. And the best part? It’s completely free! With PocketGuard, you can finally kiss your financial worries goodbye and enjoy a more fulfilling life.

Key Features

• Automatic expense tracking and categorization
• Budget tracking and alerts
• Suggestions for saving money on bills and subscriptions
• Monitors bills and recurring payments to avoid overdrafts

Zoho Expense

Zoho Expense is a sleek and powerful app designed to help businesses effortlessly track and manage employee expenses. With features like automatic expense categorization, customizable approval workflows, and seamless integration with popular accounting software, Zoho Expense streamlines the expense reporting process and saves businesses valuable time and money. While it’s a paid app, the robust set of features and user-friendly interface make it a worthwhile investment for entrepreneurs and startups to streamline their expense management.

Key Features

• Customizable expense reporting and approval workflows
• Receipt scanning and digitization
• Integration with accounting software, such as QuickBooks and Xero
• Automated policy enforcement to ensure compliance

How to Build an Expense Tracking App

To create a successful expense-tracking app, it’s essential to clearly define the purpose and target audience of your app. A well-defined purpose and target audience can guide your development process and ensure you create an app that addresses the pain points of the audience and solve actual problems. Conduct research on who your target audience is, understand their most pressing concerns, challenges, and goals to build an app that provides value and solves their problems.

Decide on the Core Features & Functionality

Determine the essential features and functionality you want to include in your app. An expense tracking app typically includes features such as expense tracking, budgeting, financial goal setting, and more. Careful consideration of these features is necessary to ensure that they meet your target audience’s needs.

Choose the Development Platform & Technology Stack

Select the development platform and technology stack that best suits your app’s needs and your development team’s expertise. Choosing the right platform and technology stack can help you build an app that is scalable, robust, and user-friendly.

Create a User-Friendly & Visually Appealing Interface

Design a user-friendly and visually appealing interface that is easy to navigate and understand, with clear and concise information. The interface should be intuitive, and the app should be easy to use, even for first-time users.

Implement Security Features to Protect User Data

Security should be a top priority when building an expense tracking app. Ensure the app is secure by implementing encryption, authentication, and other security features to protect user data from unauthorized access or breaches. A secure app builds trust and confidence among users.

Test and Debug the App Before Launch

Test and debug your app thoroughly to ensure it is stable, performs as expected, and is free of bugs and errors before launching it. A thorough testing process can help you identify and fix any issues before releasing the app to the market.

Monitor User Feedback & Continuously Update the App

Monitor user feedback and reviews to identify areas for improvement and release updates regularly to enhance the user experience and meet changing user needs. Continuous improvement and innovation are critical to building a successful app that meets your target audience’s evolving needs.

Wrapping Up…

Tracking your expenses is essential to managing your finances and achieving your financial goals. With the top expense tracking apps listed above, you can easily monitor your spending, create budgets, and make informed financial decisions. Building your expense tracking app requires a well-defined purpose, core features, and a user-friendly interface, among other critical aspects.

Follow the steps mentioned above to build a functional and reliable expense-tracking app that meets the needs of audience and addresses. Remember to prioritize user security and continuous app improvement to build a scalable and sustainable business and create entry barriers to competition.

Partner with TekRevol to Build Your Expense Tracking App

Partner with TekRevol, a leading app development company with a proven track record of success. Our experienced app developers are dedicated to creating high-quality, cost-effective solutions that meet your needs. As an Inc. 5000 nominee and industry award winner, we are committed to providing exceptional service and delivering top-notch results.