10 Best money manager apps for Android & iOS (2024)

Managing your personal finance might sometimes be difficult especially when you have different income streams and multiple expenditure outlets. You definitely need a tool to help with all the crazy detailing and recording it requires.

That’s where technology comes in.

In this article, I have compiled the 10 best mobile applications that can take the burden of managing your money off your shoulders. Using them will help you monitor your purchases, revenue, budgeting, debt repayment, and even develop an effective savings lifestyle.

How does a money management app work?

They simply help users to track and control their financials including all inflows and outflows effectively on an app.

That means your personal budgeting plan, savings and investment schedule, and spending pattern will all be closely monitored from one central platform alongside all the various income streams.

What to look out for when choosing a money management app?

Flexibility: It is important to be able to easily navigate the interface even with no prior financial education. Also, the app should be customizable, that means, you can choose your default currency, expense category and other personal preferences.
Real time tracking of expenses: A good money manager app should help you track your expenses conveniently and show you periodical money balances. This is best done when linked to a bank account.
Different currency option: This feature in a money manager app allows a user to switch between currencies and it synchronizes your data in real time. For those whose businesses operate using different currencies, this feature is most important.
Income and expenditure schedules, savings planner and periodical budgeting tool should be clearly differentiated: A good virtual manager shows you your periodical balances at a glance. You shouldn’t have to take some lessons before you locate your total expenses per month or savings balance.

10 Best money manager apps

Here are the best money manager apps:

1. Money manager app

Money manager is an app where you can manage your finances with ease. With money manager, you can control how much you spend by budgeting your money, tracking your purchases, and reviewing your balances at a glance. This way, you will know when you have reached your spending limits.

How to use

Download from playstore for android devices or appstore for IOS devices.
You will be asked to sign up. You can choose to continue without signing up.
Next, is to choose your default currency and then select your main account balance.
You can customize by setting up your income and expenditure categories.
Voila, all you need to do now is inputting details of your financial transactions as they occur.

Main features:

Side-by-side expenses and income schedules for easy comparison.
Periodical and detailed recording of transactions like daily, weekly, and monthly basis.
You can create different categories for individual transactions for instance, expenses has outlets like family, transportation, health and many others. While Income sources has categories such as paycheck, gift and others.
It is flexible to use
Multiple accounts usage
You can download the summary of your financials as an excel document.
Multicurrency options

2. You need a budget (YNAB) app

This is another good money management app that gives total money control by allowing a user to budget strategically and pay off their debts effectively.

How to use

Download ‘You need a budget app’ from playstore or appstore for android and IOS devices respectively.
Create a YNAB account by signing up with your email address.
Choose currency and build your budget estimates beginning with detailed expenditure categories.

Main features:

Flexible budgeting
Bank synchronization
Real time expense tracking
Loan planner and calculator
Financial goal tracking
No ads or in-app purchases
Financial reports

3. Dollarbird

This is a calendar-based mobile application that tracks your spending pattern and with the data helps you plan against future spending. Dollarbird calculates past and future transactions to give current balances, and further allows joint finances with friends and family.

How to use

Download Dollarbird application on Playstore or Appstore.
Sign up using your email address.
Edit calendar with you financial

Main features:

Money forecast feature
Calendar-based interface
Financial collaboration with family and friends feature
Auto-categorization of financial entries
Auto-calculation of balances for each time period
Data synchronization across devices
Contains in-app purchases up to N880.00-N21,000.00 per item

4. Expensify

This is one of the best money management tools that serve as a travel agent as well as a business and money manager. Expensify integrates different unique features such as receipts scanning, business tracker for corporate users, personal expenditures tracker, and the special booking feature that helps users to book their flights, hotels, and car services straight from the app.

With this app, you can scan a photo of any receipt received from different sources and organize your spending by using this option. It also has a customized card that its users can opt for.

How to use

Download app from Google playstore or appstore for android and IOS devices respectively.
Sign using one of the options available, preferably email
Login and get started on managing your finances

Main features:

Travel booking feature
Unlimited receipt scanning
Integration of accounts from different sources
Expense management
Corporate card purchases
Easy exporting of transaction reports in different formats.
Tax tracking feature

5. Spendee

This is a free budgeting and money management app that enables users to integrate all their separate financial accounts in one place.

How to use

Download Spendee app from Google playstore or appstore for android and IOS devices respectively
Sign up with email
Start optimizing your finances by either connecting a bank account to Spendee, adding expense wallets or just creating a budget.

Main features:

Account integration in one place for example, online banking, e-wallet, crypto wallet
Budgeting tracker
Multiple currency feature
Web version
Data sync across devices
Account organization into specific wallet categories
Savings planner tool
Collaborative finances feature
Premium version available

6. Money lover

Money lover is a good personal finance tracker to monitor savings, control expenditure, and budget effectively. It is a great personal bookkeeping app for individuals and households.

How to use

Download money lover app from Playstore or Appstore.
Create an account
Log in and start managing your finances by sorting expenses into categories and editing account information.

Main features:

Connection to bank account
Spending tracker
Personal finance planner
Periodical summary of financial transactions
Budgeting tool
Recurring transactions
Premium upgrade available

7. Wallet

Wallet is another great tool to organize your expenses, save money and plan your budgets.

How to use

Download wallet app on Playstore or Appstore
Create account
Start managing your finances by tracking expenditures and budgeting your finances.

Main features:

Automatic bank synchronization
Financial goals and spending tracker
Flexible Budgeting tool
Debt management
Planned payments
Shared accounts option
Multiple currency
Periodical financial reports and external data imports

8. Mint

This virtual money manager is built to control financial transactions from different accounts for example, revenues and expenses from either cash, salary or bank accounts using different currencies.

How to use

Download mint app from Playstore or Appstore
Sign up with your email address
Input financial transactions as they occur on the account’s dashboard.

Main features:

Multiple accounts feature
Income-expense control
Simple design layout
Budgeting feature
Web version availability
Graphical analysis of all accounts
Inflexibility
Limited currency options
Contains ads

9. Good budget; budget and finance

Good budget is a virtual financial manager that will help you manage your income through effective budgeting. It uses the envelope system of budgeting that assigns each individual expenditure item to a particular income envelope. This way, your entire budget is divided into smaller spending factions that can be easily controlled instead of the bulk budgeting that may be difficult to maintain.

How to use

Download Goodbudget app from playstore or appstore for Android and IOS devices respectively.
Sign in by creating new household budget
Proceed to setup budget, create expenditure categories
Set budget period for each category whether monthly, annually or per goal.
Select budget amount and save
Choose spending envelopes
Finally, go to register household and select finish
You can now view all your anticipated transactions and planned savings in a summarized window.

Main features:

Easy information sync across multiple devices and the web
Real time expenditure tracking
Household budgeting and financial planning
income planner tool called envelopes
Savings plan
Periodical budgeing
Subscriber plan to unlock additional features
Ads free, In-app purchases of N300.00-N21,500.00 per item

10. Fudget

Fudget is one of the best money manager apps out there. It practically eases the stress of money management for an individual. With fudget, you can track your budget, control your spending and save for the rainy days.

The best part is its simplicity, anyone without a financial education can use it comfortably in managing their finances. It is available for download for both android and IOS devices.

Main features: