Best Apps for Tracking and Managing Your Expenses in 2025

Introduction

Managing your expenses doesn’t have to be a chore. With the right tools, you can effortlessly track where your money goes, create budgets, and even save for future goals. This article explores the best apps available in 2025, their features, and how they can simplify your financial life. Whether you’re tech-savvy or a beginner, there’s an app here for you.

1 Walnut

Walnut is one of the most popular apps for tracking expenses in India. It automatically reads your SMS alerts from banks, credit cards, and wallets to categorize your spending, so you don’t have to log every detail manually.

How It Works:

Download the app and grant it SMS-reading permissions (securely).

It scans SMS alerts for transactions and compiles them into categories like food, shopping, and travel.

You can add cash transactions manually.

Features:

Expense analysis through easy-to-read charts.

Bill reminders to avoid late payments.

Share expenses with friends after trips or group outings. 

2.Money Manager

This app is perfect for people who want simplicity in managing money. With a straightforward interface, it lets you manually input all income and expenses, which can be categorized for better tracking.

How It Works:

After every transaction, you manually input the amount and category (e.g., groceries, rent, entertainment).

Visual graphs show you how much you’ve spent in each category.

Features:

Daily, weekly, and monthly reports to track your finances.

Expense calendar for understanding spending trends.

Backup options to save your financial data securely.

3. CRED

CRED isn’t just for expense tracking—it’s a lifestyle app for credit card users. It tracks all your credit card expenses in one place and rewards you for paying your bills on time.

How It Works:

Link your credit cards to the app securely.

It monitors your spending and due dates.

You earn points for paying bills, which can be redeemed for exclusive rewards.

Features:

AI-driven expense tracking for credit card users.

Free credit score checks.

Detailed breakdown of your credit card spending.

 

4. Goodbudget

Goodbudget is based on the envelope budgeting system, where you allocate money for specific expenses at the start of the month.

How It Works:

Set up virtual envelopes for categories like groceries, rent, and savings.

Add money to these envelopes at the start of the month and track your spending as you go.

Features:

Helps you plan expenses rather than track them after the fact.

Syncs across devices for couples or families managing finances together.

Shows remaining balances in each envelope.

5. Spendee

Spendee allows you to link your bank accounts and wallets, making it easy to track real-time transactions. It’s especially useful for managing group expenses through shared wallets.

How It Works:

Link your accounts or input expenses manually.

Create shared wallets for vacations, family budgets, or projects.

Features:

Beautiful graphs to visualize your finances.

Shared wallets for group expense management.

Customizable categories for personalized tracking.

6. Mint

Mint is an all-in-one financial management app. It lets you track spending, create budgets, monitor subscriptions, and even get personalized tips for saving.

How It Works:

Link your bank accounts, credit cards, and loans.

It automatically categorizes expenses and sends alerts for unusual spending.

Features:

Tracks your income, expenses, and savings in one place.

Alerts for upcoming bills and subscriptions.

Free credit score and financial tips tailored to your spending.

7. YNAB (You Need A Budget)

YNAB is a proactive budgeting app that teaches you to plan for every rupee you spend. Its philosophy encourages users to give every dollar (or rupee) a job, helping you control your finances better.

How It Works:

You manually input your income and assign every rupee a specific purpose (e.g., groceries, rent, savings).The app tracks your spending against these budgets in real-time.

Features:

Helps you save for larger goals like emergencies or vacations.

Offers educational resources to improve financial habits.

Syncs across devices for seamless tracking.