2. Raiz
Raiz is a spare change app for amateur investors wanting to save as much money as they can.
This app automatically rounds up money - with no minimum amount - and invests it for you in the share market.
Raiz charges a monthly fee of $1.25 for accounts with a balance of under $5,000 and 0.275% annually for accounts with a balance of $5,000 and over.\
Available on: Apple App Store and Google Play store.
3. MoneyBrilliant
MoneyBrilliant is another money management tool which acts like a pocket personal finance assistant.
This app connects all your bank accounts in the one device and helps you manage your expenses and savings, keep track of bills and will categorise your purchases to give a clear picture of your financial position and money habits.
MoneyBrilliant also allows you to set savings goals and tracks your progress.
Available on: Apple App Store and Google Play store.
4. Spendee
This budgeting app is a free tool that again automatically syncs with your bank or financial institution, categorising your transactions and giving you a complete overview of your finances.
You can also manually add expenses and track where all your money goes in a simple and fast method which is much easier than an excel spreadsheet.
The more you use Spendee, the better you can keep track of your spending habits. As it analyses your financial data, it develops charts that show you your income vs. outgoing funds.
With Spendee, you can also invite other friends or family members to manage a ‘shared budget’.
Available on: Apple App Store and Google Play store.
5. Wildcard
This app is a different kind of budgeting tool. Wildcard drip feeds your salary (or nominated amount of money) into your Wildcard ‘bank card’, forcing to to adhere to a maximum amount of spending each day.
It’s the best way to spread out your pay cheque and to stay dedicated to a tight budget, helping you achieve your saving goal.
Link up Wildcard with Apple Pay to get started - and they will send you your own Wildcard Mastercard.
Available on: Apple App Store and Google Play Store.
6. Moneytree
Savings app Moneytree brings together everything from your bank accounts - your assets, debts, superannuations and digital money - to give the most complete picture of your financial position.
You can log your cash transactions while also syncing the app with your bank or financial institutions to keep track of your bank transactions.
Moneytree also has a notification service which reminds you of upcoming bills and low balances.
Available on: Apple App Store and Google Play Store.
7. TrackMySpend
This money management tool which was developed by the ASIC (Australian Securities and Investments Commission) is an easy-to-use app for tracking your budget.
It is a simplified expense tracking app which is perfect for someone who is just starting out on their budget plan or for someone who is keen to get their budget back on track.
The app allows you to set your spending cycle and spending limit and you can manually add in expenses as you spend.
Available on: Apple App Store and Google Play stores
