Managing Your Budget with Smart Apps for your Phone

Playing with numbers is quite hard if you’re living on a tight budget and it hurts the most when people have a tight budget don’t have experience handling  or balancing it well. Organizing your budget is about playing with numbers, managing expectations and being creative when it comes to manoeuvring your money with professionalism. Planning around a budget begins mostly at the start of the month or usually the first paycheck in your pay cycle every month, during which many make a major mistake of taking every penny earned or spent and keeping track of it manually on paper.  But why manage your budget on a piece of paper when you have smart apps at your disposal?

This is mostly with regard to a personal or family budget which has only two directions, the income (inflow) and expenditures (outflow). Elements of a personal or family budget usually include, fixed expenses, monthly payments, insurance, entertainment, and savings.  Lets review some of the apps for managing your budget.

1.) HandWallet-Expense Manager

Expense Manager is a free, versatile and an app packed with features. It’s free version is quite good enough for basic budget management users, but there’s always a paid version too. It provides tools for you to track expenses, incomes, loans and savings. You can also add your credit card expenses so that you may realize how much you are spending and keep yourself within your limits.

It comes with more than 100 built-in categories and sub categories (Food, Health, Transportation etc). You can also create more categories in the case when you have multiple expenses. It also allows you to change your currency. The Money Manager feature allows you to travel abroad and manage all expenses in your home currency! The multiple graphs and interactive charts provide you a more interactive way to see your expenses. Now you can have your personal finance secretary to manage your expenditures.

Expense Manager can be downloaded from the Play Store.

2.) Daily Expense Manager (DEM)

Daily Expense Manager is easy on the eye, intuitive and a daily tracker of what was spent where. Many of the feature are same as others, but it’s the interactive interface that makes the difference. It is very easy to understand and the best way to record your data. Daily expense manager is an app with multiple functionality. The password protection helps you to keep your data safe. The Automatic back-up to the server functions keeps your data’s history safe in case if you might need to change back something otherwise this function is basically for updating and feeding your data to the server. An internet connection might be necessary for this as it needs to update the data. There’s also a mailing option for data retrieval. It also works as a reminder for your timely payments of your bills and you also have the capability to print your receipts with this app.

The DEM Directory is an exclusive feature that comes with the DEM. It allows you to place online orders, recharging facilities, online booking of tickets etc… as well.

If you’re a person tangled in all of your budget and planning and managing your payments, then DEM is the one you need the most. This app has received more than a million downloads.  Get it from Google Play Here.

3.) Home Budget Manager Lite

Home Budget Manager Lite is for users which are comfortable with the Windows 8.1 interface, as this app is built on the same template. Home Budget Manager is an integration of Accounts , Bills and Budgets. Home Budget Manager helps you to track your expenses, incomes, bills and always stay with-in budget. The Menu Screen is designed specifically to do your things in the most easy way and as quickly as possible. With this app you can see the individual and collective account balance with a dropbox integration. It empowers you to synchronize your account’s management between various devices. It also has more than 160+ currencies available in its menu.

By a Long Click on Transaction you can create delete, edit, duplicate or move transactions from one account to another account. You can visualize the statistics graph and see where your money has gone by categorizing all incomes and expenses, Payees, Monthly Income, Monthly Expense, Budget vs Expense, Income vs Expense, Income vs Expense vs Budget. It allows you to create backup so you never lose data.

All information is presented on the start-up screen, and you can simply swipe and select your desired section. It’s Data entry process is the simplest, but setting it up might take some time. Most of the app’s feature are made usable only by in-app purchases, as the basic functions are too basic however which is the only real negative.

Home Budget Manager Lite can be downloaded from the Play Store or the Apple App Store.