A little while back we reviewed personal finance apps for iPhone and iPad. This time around we take a look at budgeting apps for the Android phone and tablets.
As an Android user, I struggled to find an app that did all I wanted it to do but didn’t cost money. It took some installing and uninstalling but I found a few worth mentioning.
All of these apps can be found in the Google Playstore.
Money Manager by Realbyte Inc
It took many, many downloads before I found this one and it has become a favourite. It’s absolutely free to use. Unlike other apps like Toshl, which allows you only two budget categories (I mean seriously, who has only two budget categories? I know, know, they just want you to pay), Money Manager allows 12 expense categories, 5 income categories and thus far, I’ve not hit the max on budget categories despite having six already entered.
The pie chart of expenses is really handy to see in full colour where your money is going and the ability to transfer money from accounts to cash is useful to keep track of how much you should have in your bank account and how much in hand.
The only downside to the free version of Money Manager is that the budget setting is almost useless as it does not warn you when your expenditure is nearing the budget limit.
Easy Money by Handy apps Inc
Easy Money is also a great app to use. Much like Money Manager, you can track your balance in hand, account and on credit card. As a bonus, you can also set reminders to go off to let you know when a payment is due. Keep track of all payments made and income received. The app is no frills. It doesn’t have the pie-chart graphic that tracks your spending like Money Manager but having it will definitely help in keeping bill payment up to date.
But here’s the catch – it’s not exactly free.
Easy Money for Android will allow you to install and use for free up to 30 days after which; you will have to pay for it. The disappointing thing is that nowhere in the description do they tell you it is only a trial. It is a leading app though so if you don’t mind paying USD10 this is a good app to have.
Expense Manager by Marcus Hintersteiner
If you want to simply track your expenses with NO other feature, try this app. The app allows you to keep tabs on what you’ve spent daily and records it in a nice bar chart format. It’s simple enough and visual look at amounts can give you a clear idea of where your money is going.
Expense Manager’s key selling point is the very simplicity of it. If you’d like more features, though, you will have to pay USD$3.33 to unlock the full version. The full version will give you statistics, income management and a look at fund distribution.
IOU by S Tubin
IOU specialises in tracking debt – no other financial information such as income and budgeting. You simply add money you owe to other people; money they owe to you and how much you or they have repaid.
IOU’s a useful app to track loan debt but nothing much else. It’s simple and pretty much no frills. Don’t expect massive calculations of repayment tenures or interest but it will remember numbers you don’t. It’s available for Android, iPhone and Windows Operating system phones.
All the above was tested on a Samsung Galaxy Note II running
on Android version 4.12. Google Play indicates that all apps above work equally
on Android based tablets as long as version compatibility allows.
Image courtesy of Intel Free Press at Wikimedia Commons.