Top 5 personal finance apps

Managing your money on the go has become easier with the range of mobile applications on the market. Here are our pick of the best five personal finance apps to help you get your budget on track.

Track My Spend

Created by the team at ASIC’s Money Smart, Track My Spend is a free app that records expenses by category against a set spending limit or saving goals. You can separate work or project related expenses from personal ones, which allows you to view at a glance what you’re spending most on. The best part? Differentiating between ‘needs’ and ‘wants’ items to identify areas where you can save, and the ability to track your spending on a weekly, fortnightly, monthly or yearly basis.

Mobile Calculator

Mobile Calculator, another Money Smart app, combines five financial calculators into one interface to help you work out the sums when making a financial decision.

The app features a savings calculator, which determines how long you can save for your next big purchase; a loan calculator to work out personal loan repayments; a mortgage calculator to work out home loan repayments, a superannuation calculator, which determines how much you’ll have when you retire; and an interest-free deal calculator to work out the true cost of an interest-free deal. The mortgage calculator is particularly useful as it factors in interest rate changes.


Expensify is another free app that tracks your expenditure, but the handy bit is that it allows you to scan your receipt into the app and matches it with an imported credit card transaction. Great for those who don’t want to keep a stack of receipts at home and are too lazy to key in actual details. You can also import expenses from a credit card or bank account.

Expensify is also integrated with a number of external apps, such as QuickBooks, Salesforce and Evernote and Custom Payroll, making it easy to sync other financial information.


Self-branded as ‘your digital file cabinet’, Doxo securely stores financial documents on your phone – categorised by type such as bills, receipts and review documents – and backs them up with your computer. You can also organise your documents by account so it’s easy to separate your phone bill from your rent and credit card bills.

Home Budget

Home Budget is similar to Expensify, but while it’s interface isn’t as clean or stylish, it’s great for those who are budget obsessed. It not only lets you log expenses and bills by category (rent, utilities, food, entertainment and so on), but also takes into account your income so that you can see if you’re spending beyond your means. Home Budget also features a nifty calendar that will remind you when your next bills are due and if they’re paid. This app can be a little too detailed for the average consumer wanting to get a rough overview of the basics they’re spending on, but good for those who want to see their trends over the past six months and budget rollover history.