Financial planning is essential and everyone manages expenses one way or the other. In the old days, we used to note down expenditures on true and trusted physical paper but now with the internet and all services, we use applications. Both Android and iOS ecosystem has significantly increased in many finance applications that will confuse and spoil you. A particular application working for someone might not suit according to your needs.
Besides, you should be careful when opting for an app over the other. Since there is no way to transfer data entries from one app to another, you must choose wisely.
In this article, we will be talking about the top five finance manager and expense tracker applications for iOS devices (iPhone and iPad). By the end of the post, I’m sure you will find a perfect match for you. Let’s dive in.
NOTE: Although this post is for the iOS ecosystem about finance manager and expense trackers the list will give priority to those with cross-platform availability. As I said earlier, it’s tough to move from one app to another so it’s better to make sure if the same app is available on Android or not.
Spendee is an all-rounder expense tracker app. You can manually add expenses, add income, and use multiple wallets to add and deduct the money from the given account.
The interface is clean and simple to use. The default home page shows the available wallets remaining with final balance and income of the month with total expenditure.
The company recently unveiled bank connection function, by which you can connect your local bank account with Netbanking credentials. You are only giving them read-only access, so need to worry about data misuse here. I connected my Credit Card and the app was able to pull all the necessary information with ease.
Other features include a detailed overview and statistical representation of spending habits with graphs, editing or deleting categories, and protecting the application with bio-metric protection such as face ID or password option. There is also a widget option which lets you quickly glance over the wallet balance and swift adding of instant transition from there.
The app is available on Android and Web too.
Download Spendee for iOS from here: https://apps.apple.com/us/app/spendee-budget-money-tracker/id635861140
Toshl is one of the oldest (and robust) expense trackers. A couple of years ago, the application went through a huge makeover on all platforms and you can see the hard work in the application’s user interface.
Unlike the basic dark/light theme which other applications provide for the user interface, Toshl application follows and give the user paper-like feel with a light-yellow background. By default, it takes you to the expenses page. The other information is hidden in the application UI.
Swipe left to see the wallets, budgets, and export options. The River Flow is a unique one that gives you a “river flow” style chart with income, expenses, and budget.
Similar to above application Spendee, Toshl has also added the bank connection function to automatically add bank entries directly to the application. The application follows a similar design on every platform so you will feel right at home on Android and Web platforms too.
Download Toshl for iOS from here: https://itunes.apple.com/us/app/toshl-finance-best-budget/id921590251?mt=8
3. MONEY LOVER
Money Lover is a simple application with a light theme and a green touch. The application takes you directly to the main page dashboard which features added expenses organized with days.
The major options rest at the bottom, which is nice. It only has a major problem with the user interface which is, (as I frequently switch among wallets) the ability to switch among wallets is placed way too high at the upper-left corner. As always, the functions include statistical reports with graphs, budget planning, bills, the ability to lock the application with Face ID and much more. Strangely, there is an icon stored in the application, where one can buy category icons for the application.
The bank connection functionality is available too in this application but I found the number of supported banks are fewer than the above rivals.
Download Money Lover for iOS from here: https://apps.apple.com/us/app/money-lover-expense-tracker/id486312413
4. WALLET – DAILY BUDGET & PROFIT
Wallet by BudgetBackers is more of a financial assistant than an expense tracking app. The application has gone with the default iOS design cues with bottom bar options and lots of clear white throughout the user interface.
Now, of course, you can add expenses, income, create budgets, add bills, and more.
The differentiating factor is the Wallet Now functionality. It gives you a detailed overview of total accounts. One can also see the current currency rates and the latest blogs about financial planning from the menu.
The bank account connectivity is available in this application too and Wallet has the highest number of supported banks compared to any of the other applications on this list.
Also, the application features Location tracking functionality with inbuilt Wallet Assistant which is the rarest feature among all the application.
Download Wallet for iOS from here: https://apps.apple.com/us/app/wallet-daily-budget-profit/id1032467659
Wally is one of the most popular finance manager and expense tracker applications for the iOS ecosystem. The application presents all the information to the user at first glance. You can see the remaining budget, added data entries, last week’s graph, and categories.
My only gripe with the UI is that the app is way too white and the menu options are small which makes it really hard and you will often find yourself clicking on wrong options accidentally in many occasion.
As usual, you can add reminders, expenses, create budget and more with the Wally. Linking bank account is also available as a paid option.
Wally even has support on the Android platform, but there is not a web application available right now.
Download Wally for iOS from here: https://apps.apple.com/us/app/wally-next/id1178011327
WHICH APP IS THE BEST TO TRACK EXPENSES?
All the applications mentioned above nail the basic functionality with the finance manager, expense tracking and budgeting options and every application support bank connections too. You may go with an option that matches your spending habits and has a supported bank of your preference. I use Spendee. What’s your pick?