Tracking expenses, setting budgets, making savings projections and living the frugal life while saving can be tough. But don’t worry, we live in an age where there’s savings apps for that.

So, we found some budgeting and savings apps that might help, or at least take your mind off the fact that you’re probably having 2 minute noodles again for dinner.

Our 2018 top 10 budgeting and savings apps:

1. CashMaster

CashMaster takes just a minute to set-up and gives you a view of your finances and can help you set your budget. You can set goals for yourself, the app will make projections on your cashflow and best of all you can link up all of your accounts in one place. The handy CashBar tracks your income and expenses at a glance. The base version is free through to $3.95 per month for the BOOM option.


2. Acorns

Raiz (previously Acorns) is pretty cool. It’s a micro-investing app that you link up to your bank account, then when you make a purchase they round up the difference to the nearest dollar and put the spare change into your investment account.
The app is free to download but they charge a small monthly management fee depending on your account balance.
They also have partnered with businesses that will contribute multiples of your regular roundups just for shopping with them (not that you’ll be doing that, you’re living the frugal life). There are a few fees/costs to keep an eye on with this one, so make sure you’re across it before signing up.


3. TrackmySPEND

This is run by government regulatory body ASIC. The features are basic but a good starting point if you’ve never set up a budget before.
You choose your spend cycle and limit, then pop your transactions in as you go and can set up favourites for regular transactions. TrackmySPEND doesn’t link to your bank account, so you do have to input this info manually.


4. Pocketbook

Pocketbook manages your expenses by automatically syncing data from your bank account within the app. The data gets synced daily so you’re always looking at the most recent analysis. You can track multiple accounts for multiple people and keep each other responsible for your spending habits. Set goals for savings and work towards it.  It also sends you alerts to let you know if you’ve overspent, how much you’ve got left in your budget for spending and when bills are due or overdue. Best of all it’s free to use.



Helps you prioritise where your cash needs to go. When you pay comes through, you allocate what funds need to go to bills, then when it comes to other areas like eating out or buying clothes just check your Eating Out category which will show what finds you have available to spend on that item.


6. Wally

Wally helps you track your income and expenses, looks at where you’re spending and when and will help you set and achieve financial goals. Only available on iPhone at the moment, you can track your spending on the go, including uploading pictures of receipts direct to the app. This one is a freebie too which is nice.


7. Your Bank

Depending on who you bank with they will probably also have a mobile app for your smartphone. We would definitely recommend having a look at what they have available too. Most of the major Australian banks like Commonwealth Bank, NAB, ANZ and Westpac have thrown a lot of money at creating some pretty great features to help track your spending and create your budget and are provided to you free of charge as a customer.


8. Expensify

This is a great app for managing your expenses, particularly for small business. You snap a picture of your receipt and Expensify does the rest for you as your import your credit card expenses and receive real time expense reports.


9. GoodBudget

This app works like the Envelope Budget expect it’s bringing it into the 21st Century and making it electronic. Each pay period you allocate a portion of your salary to each of your envelopes and GoodBudget tracks your spending against this. The base version is free or the paid version $5 per month.


10. Splitwise

A handy way of splitting expenses with your friends. Splitwise let’s you input the expense, allocate a split with your friends and track payments both in and out. And this bad boy is free to use.


There’s also Mint and Digit however at the time of writing these apps were not available for download in Australia.

Got any other suggestions? We’d love to hear them!

By Entourage Finance

Entourage does not accept any liability for any investment or financials decisions made on the basis of the information contained within this article. This article does not constitute financial advice and should not be taken as such. Entourage urges you to obtain professional advice before proceeding with any investment.