Managing your finances can be a daunting task, but with the help of budgeting apps, you can easily keep track of your expenses and make informed financial decisions. In India, there are several budgeting apps available, each with their own unique features. In this post, we will take a look at the top 10 best budgeting apps in India and their pros and cons to help you choose the one that best suits your needs.
Top 10 Best Budgeting Apps in India
1. Walnut
Walnut is a budgeting app that automatically tracks your expenses and organizes them into categories. It sends you alerts when you’re nearing your budget, making it easy to stay on top of your finances. One of the best features of this app is that it doesn’t require any manual input, meaning you don’t have to spend hours tracking your expenses.
Pros: Automatically Tracks expenses, easy to use. Cons: Only available for Indian banks account holders.
2. Spendee
Spendee is another popular budgeting app in India. It allows you to set budgets for different categories of expenses, track your spending in real-time, and view your financial history. This app is great for those who want more control over their finances, as it provides a clear overview of where your money is going.
Pros: budget management, easy to track spending, real-time notifications
Cons: limited to basic features on free version.
3. Money Lover
Money Lover is a budgeting app that helps you create a budget, track your expenses, and set financial goals. It also includes a feature for splitting expenses with friends and roommates. This feature makes it the perfect app for shared expenses like bills, rent, and groceries.
Pros: good for shared expenses tracking, set financial goals, and easy to use.
Cons: Limited to basic features on free version
4. Expensify
Expensify is an app designed for business travelers. It allows you to track expenses, create expense reports, and take pictures of receipts. This app is perfect for those who travel frequently for work and need an easy way to keep track of their expenses.
Pros: great for tracking travel expenses.
Cons: not that much useful for personal expenses management
5. Monefy
Monefy is a simple and easy-to-use budgeting app that allows you to quickly and easily add expenses and view your spending in different categories. With this app, you can see where your money is going, and make adjustments as needed.
Pros: easy to use and simple, good for quick expense tracking
Cons: Limited categories,
6. MoneyView
MoneyView provides a detailed view of your expenses, income, and investment performance, in one place. It also sends reminders for bills and payments, as well as offers personalized advice on saving money. This app is great for those who want a comprehensive view of their finances and tips on how to save money.
Pros: Track all financial data in one place, personalized advice on saving
Cons: Limited to Indian bank account
7. BudgetBakers
BudgetBakers is a powerful tool for budgeting and expense tracking. It allows you to create multiple budgets, track your spending, and view your financial history. This app is great for those who have multiple income sources and want to keep track of their expenses separately.
Pros: multiple budgets, good for tracking expense,
Cons: Limited to basic features on free version
8. Moneycontrol
Moneycontrol is an app that provides real-time market data and investment advice, so you can make informed financial decisions. It also includes a budgeting tool and an expense tracker. This app is perfect for those who want to stay informed about the market and invest their money wisely.
Pros: Real-time market data, Investment advice
Cons: Limited to Indian Market
9. MyExpenses
MyExpenses is a simple, easy-to-use tool for tracking your expenses. You can create different categories for your expenses, and view your spending over time. With this app, you can see where your money is going and make adjustments as needed.
Pros: easy to use and simple, good for quick expense tracking
Cons: Limited categories
10. ICICI Pocket
ICICI Pocket is an app provided by ICICI bank. It allows you to do instant transactions, mobile recharges, bill payments, and also manage your account. With this app, you can manage and track your financial transactions. This app is perfect for ICICI bank account holders who want to keep track of their transactions and bills in one place.
Pros: Instant transactions, bill payments, account management
Cons: Limited to ICICI bank account holders
In conclusion, managing your finances can be effortless with the right budgeting app. There are countless options available in India, each with their own unique features. By understanding the pros and cons of each app, you can choose the one that best suits your needs. Whether you’re looking for an app that automatically tracks your expenses, one that allows you to set budgets and track spending, or one that provides real-time market data and investment advice, there’s a budgeting app for you.