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Helpful Money Saving Apps for Your Smartphone

By: Louise Mosqueda0 comments

In our smartphone-driven world, there’s an app for just about anything. There’s an app to find a date, a ride, and even an app to help you live better. With that said, you should also know that there are apps that can help you monitor your savings and help you keep track of how much money you have left to spend.

Money Saving Apps

Your phone is almost always in your hand anyway, so might as well make full use of its capabilities. One way to utilise its power is to have the right tools for the job. If you’re having trouble keeping track of your finances, then here are a few apps you can download and use to help you save on purchases and keep track of your money.


pocketbook app

Pocketbook is an Australian made app designed to help you keep track of where your money goes. It’s perfect for those who have a monthly income who wants to make sure that their money is going where it needs to go. You can also link your bank account to the app to give a more accurate number. The free app is currently available for both iOS and Android users.



If you don’t feel comfortable linking your bank account to apps, TrackMySpend is another good option. It’s a basic app that allows you to categorise your spending and set limits for it. It’s not as fancy as the other apps, but it will help you curb your spending habits.

The best part is that you are free to download the data onto a spreadsheet so you can analyse your spending and compare it with each month. The app is available for both Android and iOS, free of charge.

Australian Taxation Office

australian taxation office

A handy app to have if you want to monitor your taxes and more, the Australian Taxation Office app is designed for individual taxpayers and small businesses.

Some of the things you can do with the app include:

  • access to online services
  • keep track of your income tax return
  • easily record and manage tax deductions
  • allow you to calculate tax to withhold
  • work out your essential tax dates
  • access tools and other calculators beneficial for an accurate tax calculation.

If you’re not super familiar or have trouble doing your taxes manually, this app is a lifesaver. The best part is that it’s available for free on Android, iOS and Windows Phone.



Another app for the tax conscious, Expensify is an app that allows you to scan receipts for tax deductions. What sets it apart is its ability to grab all the necessary information from a receipt, including time, date, amount, and merchant.

After lifting the info, it then stores it in a secure CSV file which you can then give your accountant when it’s time to compute your taxes. This helpful app is available for Android and iOS, free of charge.

Good Budget

good budget

Dave Ramsey popularised the concept of the envelope system wherein you write what the money will be used for in front of the envelope, put the money inside and set it aside. You are only to take it out once the bill or expense is due. The method is an efficient way of managing your cash and prevents you from overspending.

Good Budget is an app that functions with this technique in mind. It allows you to create a virtual envelope for an expense and store your money there. It will help you spend your means without breaking a sweat. You can get the app for free on both Android and iOS.

Become more financially independent with the use of these handy money apps to help you allocate your money and jumpstart your savings.

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