We all know how hard it can be to monitor your income and expenses – not to mention those of your family and/or company! Therefore we asked ING Luxembourg for their top apps to help you manage your budget and save money in the new year!
Above and beyond generally advised practices, the best way to limit your spending is to keep track of your expenses. But how? Thanks to budget management applications, it’s easier than ever to keep track of money coming in and going out, collect statistics about your spending habits and identify which areas you need to focus on to save money.
Here are what ING recommends as some of the most useful apps:
Personal expenses and reminders
In addition to tracking expenses, Expense IQ reminds you of upcoming expenses and
bills to be paid, and features a chequebook register and budget planner. Designed for
individuals and families, this must-have personal budget management app is fully Android based and free of charge.
Family and professional budgeting
MyExpense is a free Android application for users who want to track
their business and personal expenses. Ideal for self-employed professionals or for
managing small groups such as associations and start-ups, the app allows you to
download supporting documents for expenses and record petrol costs and mileage
reimbursements directly using your smartphone.
Expensify is a complete application with a technological touch that makes all the
difference. It has a built-in scanner that enables you to bundle different expenses
together. Thanks to its SmartScan, you can photograph receipts and bills. The application then automatically associates the corresponding data with the appropriate expense account.
In addition to smart management of inflows and outflows, Expensify also supplies detailed accounts and statistics. All these characteristics make it the perfect financial management application for companies of all sizes. It costs 5 dollars for associations and start-ups and 9 dollars for companies. If you have more specific needs, you can create a personalised version (rate to be negotiated with the developer).
All-in-one accounts management
Bankin’ is an application for iPhone and Android. There are three versions of the
application: one free version, one paid version for individuals – Bankin’ Plus, and one
version for professionals – Bankin’ Pro.
The application enables you to view all of your accounts, whether you are a customer at
one bank or several. It also enables you, among others, to have an overview of your
finances, monitor your spending with alerts, automate your expense reports and find all
of your transactions easily.