My Favorite App for Tracking Expenses: The Key to Saving More
Discover my favorite app for tracking expenses and saving more with ease. Simple, effective, and the key to better financial control.
Spendee is my go-to app for tracking expenses because it’s simple and easy to use. It helps you organize payments into categories, making it easy to see where you’re spending too much. This makes managing your money and staying within your budget effortless.
One great feature is the ability to set up recurring expenses and income, so you don’t have to keep entering same details. Spendee gives you a clear view of your finances, helping you stay in control.
Just like a business tracks its money, I like to know where mine goes. Spendee makes it easy to manage expenses and improve financial habits.
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Why I Love Using Spendee App for Tracking Expenses?
I like Spendee because it is easy to use and understand. Previously, I recorded the expenses in Excel, but I found spreadsheets too difficult. While many budgeting apps are available, I often find them unnecessarily complicated.
Spendee stands out for its effortless data entry and intuitive design. I especially like the option to create separate wallets for different purposes. The app’s layout and tools, like graphs, are clean and user-friendly, making it easier for me to keep track of my finances.
Another feature I enjoy is how simple it is to categorize payments. I don’t stress over reducing my bills since they’re already manageable but categorizing expenses helps me spot unnecessary spending. This way, I can adjust my habits without much hassle.
If you’re looking for a straightforward budgeting tool, Spendee might be a perfect fit.
Download Spendee: Available on iOS & Android (Free with optional in-app purchases)
How I Use Spendee to Manage My Expenses?
I keep my expense tracking in Spendee simple, but I’ve carefully chosen the tools I use. Here’s how I track my monthly spending with the app.
How I Set Up My Budget in Spendee
When I moved abroad in 2019, everything was new—starting freelance writing, living on my own again, and needing to manage my money better. I realized I needed a solid budget, so I looked into several budgeting tools. I ended up choosing Spendee because it made the process easy and straightforward.
To create my budget, all I had to do was tap on the “Budgets” tab and select “Create a New Budget.” It was that simple to start.
I don’t get too detailed with my budget. Since I pay myself a fixed amount every month, it covers my bills, groceries, a gym membership, and any entertainment. I focus on the essentials and keep things manageable without overcomplicating it. Spendee makes tracking everything easy and keeps me on track each month.
How I Use Spendee’s Spending Overview to Track My Expenses
I used to avoid checking where my money was going, but I’ve learned that understanding my spending habits actually helps me see where I might be wasting money.
For me: every purchase—whether it’s a bill, subscription or something for fun—should add value to my life. If it doesn’t, I see it as a waste. That’s why it’s important for me to track where my money goes to avoid unnecessary spending.
For instance, I love CrossFit, so paying for a CrossFit membership is worth it to me. But going out to bars every weekend doesn’t align with my interests, so that’s a waste of money for me.
Spendee’s Spending Overview feature helps me track all of this easily. It shows me graphs of my monthly spending and how it’s divided into different categories. The app also includes a cash flow graph that lets me see if I made a profit or loss during the month.
With this information, I can figure out why I might have spent more in a particular month—like if there’s a special event such as a birthday or anniversary. This way, I can adjust my spending habits accordingly and make sure I’m using my money wisely.
How I Set Up Recurring Expenses in Spendee
A lot of my expenses, such as rent, utilities and subscriptions, are the same every month. Manually entering these every time would be tiring, so I use Spendee’s feature to set up recurring expenses. This makes it much easier to stay on top of my budget without having to input the same things over and over.
Here’s how I set up recurring expenses in Spendee:
- Tap the + icon on the Timeline tab.
- Enter the expense details and go to the “Recurrence” option.
- Choose how often you want the expense to repeat—whether weekly, monthly, etc.
This setup saves me time and ensures that these regular costs are always included in my budget without having to add them manually each month.
If you have a fixed salary, you can also add recurring income in the same way, so everything is automatically tracked for you. This feature is perfect for keeping my finances organized and predictable.
How I Categorize My Expenses in Spendee
While I don’t create detailed budgets for every part of my life, I do make sure to categorize my expenses. Spendee makes it easy by offering pre-defined categories like bills, entertainment, and hobbies.
When I add an expense, I choose the category that fits best, and I also use labels to help organize my spending. Although Spendee provides some basic labels, I’ve added my own to make sure everything is clear and easy to track. These categories help me stay aware of my spending, preventing money problems before they happen.
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I’ve found that budgeting has helped me feel more in control of my finances. Spendee is the best tool I’ve ever used to track my monthly expenses. Its simple structure is user-friendly and I can see exactly where my money is going. Furthermore, it provides numerous modification possibilities, allowing me to tailor it to my own requirements.