When I invested in money saving apps, it has been life-changing as I have painlessly been able to put money away for a holiday.
…and I haven’t been away on a decent family holiday for years now!
But what suit me may not suit you – and vice versa.
So I’ve put together a list of the 20 Best Money Savings Apps for Busy Mums – the most user-friendly, well-reviewed apps that make managing your money much easier!
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1. Raiz (Formerly Acorns)
Raiz links to your bank account and savings accounts and ’rounds up’ all your spending and invests those round-ups into a share portfolio.
Pros: It is a great way for small investors to get used to how the stock market works and get a foot into investing. It is also a great way to save money painlessly. Plus if you refer the App to your friends and family, you get a $2.50 kickback to your Raiz account!
Cons: I do always worry about apps that are linked to my personal funds; however it is all Government approved (and most Apps listed here all do the same…)
CHECK OUT RAIZ HERE
App 2: You Need a Budget
- Cost: FREE (for the first 34 days – $6.99/month afterwards)
- Money Saving Apps Availability: Android, iOS, Web, and Alexa
You Need a Budget is very popular because aside from helping you stay on top of your budget, it will actually help you get out of debt. The simple method it uses? Prioritising and “giving each dollar a job.”
Pros: It is very straightforward, and according to the website, new budgeters are able to save an average of $600 by the second month and $6000 after the first year. Sounds pretty nifty.
Cons: It is a paid app; therefore, it’s an added expense. However, if the claim above is true, you’re getting a pretty good deal.
App 3: Pocketbook
This app allows you to see not just your spending but also your balances and your bills. You can connect your bank accounts to it to make it work “smarter” and automate your transactions.
Pros: You can manage your bills on top of tracking your spending and managing your other expenses. Plus it syncs across different devices.
Cons: Like the first app, Acorns, linking your bank accounts to the app may or may not be a risk depending on how you look at it.
App 4: Wally
Made by real people with real financial challenges, this top-rating app helps you understand where your money goes by letting you keep track of your budget and your spending.
Pros: It’s a very straightforward app that contains enough features for someone wanting to manage their personal finance better. Also, no ads!
Cons: This may be a bit too simple for someone with advanced needs. Also, there’s no option to sync the app between devices yet.
App 5: Splitwise
Whether you’re not a math-whiz or just couldn’t be bothered, this app makes sure that everyone gets paid back. This is the must-download app if you’re fond of sharing expenses like bills and rent.
Pros: It’s a free app that does the math for you. What’s not to love?
Cons: Sending reminders to friends who owe you money might be too much for weaker relationships.
App 6: Good Budget
- Cost: FREE (for the first 10 envelopes – $6/month for the premium account)
- Money Saving Apps Availability: Android and iOS
Good Budget is a household app that uses the envelope budgeting method. It allows you to craft a budget, divide it into categories, and help you not go over your spending limit per category.
Pros: This is absolutely fantastic if you’re used to using the envelope method. Even if you’re just learning, it’s quite easy to use and it helps you be self-disciplined.
Cons: If you’re not fond of the envelope method, this may not work for you. Also, only the first 10 envelopes are free.
App 7: Mint
Mint is probably one of the most popular finance apps out there, and for good reason. Aside from helping you stay on top of your budgets and bills, it also helps you track your credit score.
Pros: The many features of Mint make it a favourite among money-conscious individuals and people who like knowing their credit score at a tap of their finger.
Cons: However, for people who only need a simple budget, this app can be a bit overwhelming.
App 8: Digit
- Cost: FREE (for the first 100 days – $2.99/month afterwards)
- Money Saving Apps Availability: Android and iOS
Digit analyses your spending, income, and potential savings. You don’t even have to think of saving — the app does it for you and transfers your savings from your checking account to the app.
Pros: It never tries to save more than what you can afford. It offers a no-overdraft guarantee. Also, you can access your savings anytime.
Cons: Your money is going to be stored in the app instead of in the bank, so there’s some risk level. However, it assures its clients that their money is 100% safe.
9. The Finder App
Cost: FREE
Money Saving Apps Availability: Android and iOS
The Finder App is a money-saving app that is free to download and use. It has been created to help people save money on groceries, travel, and more. The app works by finding deals and coupons from a variety of sources, including supermarkets, retailers, and brands. It then applies the discounts to your total bill, meaning you could save a lot of money on your weekly shopping.
Pros: It’s very easy to use and can be accessed on both iPhone and Android devices. The app also provides users with a variety of different deals and coupons, meaning there is something for everyone.
Cons: However, one of the main cons is that it can be difficult to find the best deals unless you know where to look – especially when categorising offers. Also, at this time of writing, it doesn’t integrate Afterpay and Zippay accounts.
10. ATO
Cost: FREE
Money Saving Apps Availability: Android and iOS
The ATO Savings App by the Australian Taxation Office is used to help you manage your taxation and general expenses. One of the main pros of the ATO Savings App is that it can help you to save money on your taxes by tracking your earnings, savings, and expenses – whether you’re a business owner or an individual. Another pro of the ATO Savings App is that it can help you to manage your general expenses. The app allows you to track your spending and create a budget. This can help you to stay on top of your finances and avoid overspending.
Pros: One of the main pros of the ATO Savings App is that it can help you to save money on your taxes. By using the app, you can keep track of your tax-deductible expenses and make sure that you claim everything that you are entitled to. This can help to reduce your tax bill, and could even lead to a refund.
Cons: It helps save money in the long run, but it doesn’t guarantee you the exact payment of taxes. Just close enough as it is.
11. Pocketsmith
Cost: FREE for the Basic Plan ($9.95 per month for Premium Plan; and $19.95 per month for Super Account)
Money Saving Apps Availability: Android and iOS
Pocketsmithis a money management tool that aims to help users get their finances in order. The app starts with users inputting their income and debts, followed by their monthly expenses. From there, the app creates a budget that allocates money to different spending categories. Overall, the Pocketsmith budgeting app is a helpful tool for people who are looking to get their finances in order.
Pros: It has a good range of features including Automatic bank feeds, Automatic and manual transaction importing. Automatic categorization, budget, accounts, and future projection.
Cons: The app is free to use, but it has its limitations. It costs $9.95 per month. For people who are struggling to get their finances in order, this cost may be prohibitive.
12. Expensify
Cost: FREE
Money Saving Apps Availability: Android and iOS
The Expensify expense tracking app is a great tool for businesses to encourage cost savings. The ease of use and functionality make it easy to track expenses and keep track of receipts. Additionally, the credit cards attached to the account act like debit cards, making it easy to pay for expenses without having to carry cash!
Pros: The app has a lot of pros, such as the fact that it encourages employees in tracking the cash flow of the company. The app is also easy to use and has a lot of functionality.
Cons: The card integrations need a lot more working on. Plus, there are multiple companies that can’t easily integrate within the system using the cards.
13. MoneyBrilliant
Cost: FREE for the Basic Plan and $9.99 per month or $98.99 per year for the Premium Account
Money Saving Apps Availability: Android and iOS
MoneyBrilliant is quickly gaining popularity among Money Saving App users. The app connects to your bank accounts and allows you to monitor your finances, track expenses, view your savings, and create a budget. It also provides bill notifications to help you stay on top of your bills.
Pros: On the plus side, MoneyBrilliant has a lot of depth of category choice. You can even create your own subcategories. This is great if you want to be really specific about where you’re spending your money.
Cons: The dashboard with “Safe Spending” and “Activity” gets people’s nerves. If only there was a way to customize the dashboard.
14. TrueBill
Cost: FREE for Basic Plan and a sliding scale between $3-$12/month
Money Saving Apps Availability: Android and iOS
It’s very easy to use and it’s a great way to see all of your subscription bills in one place. You can also set up autopilot savings so that you don’t have to think about it. The app also provides spending insights and credit scores. The bill negotiation feature is also a great way to save money.
Pros: It’s intuitive and easy to use. It lets you see all your paid subscriptions you need to cancel – especially the ones you forgot!
Cons: It has a “sliding payment” not a fixed one. Many people are wary of the charges they have to pay for the service.
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15. Frollo
Cost: FREE
Money Saving Apps Availability: Android and iOS
The Frollo savings app has been named the Best Money Management App of 2022 in Australia by Mozo. The app allows you to track all of your accounts in one place, set budgets by category, and track what you spend. The app also provides smart insights into your spending habits and trends. You can also set up a budget and track your bills automatically. The app also includes a assets and liabilities section so you can see your net worth at any time.
Pros: It’s easy to use and comes with some great features, like bill tracking and smart insights. Plus, it’s free to use!
Cons: However, the app does have some cons. For example, it is only available in Australia and New Zealand, and it does not offer any investment options or advice.
16. WeMoney
Cost: FREE
Money Saving Apps Availability: Android and iOS
The WeMoney savings app is a free money management tool that gives you the ability to see all your accounts in one place, set monthly budgets and money goals, track your payday, and check your credit score for free. The app also provides insights into your spending and saving habits, allows you to automatically categorise transactions, and track bills, wasteful subscriptions and recurring payments.
Pros: By bringing all of your financial accounts into one place and providing insights into your spending and saving habits, the app aims to help you make smarter decisions with your money.
Cons: Limited integration of platforms and cards, plus bugs sometimes occurs with the accuracy of the data displayed on the app.
17. Sipora
Cost: FREE
Money Saving Apps Availability: Android and iOS
Sipora is an app created to help people save money on their everyday purchases. It does this by automatically rounding up the total cost of your purchase to the nearest dollar and transferring the difference into a savings account. This may not seem like much, but over time it can add up to significant savings. The app also offers cashback rewards on select items, which can further boost your savings.
Pros: One pro is that it can help people to save money. This is because they will be less likely to impulse buy items if they know they need to save up for them.
Cons: The app only works with certain merchants, so you may not be able to use it for all of your shopping needs.
18. Piggy Goals
Cost: FREE and $2.99 – $6.99 per item
Money Saving Apps Availability: Android and iOS
Piggy Goals is a free app that helps you set aside money for different goals. You can choose to save for a rainy day fund, a new car, a vacation, or anything else you want. The app makes it easy to see how much you need to save and track your progress. Plus, it doesn’t charge any fees, so all of your savings go towards your goal.
Pros: It’s a simple, straightforward, and free app to use! You also don’t need a connection to the internet.
Cons: This app only allows you to save and track your expenses. Other upgrades will cost $2.99 – $6.99 per item.
19. Fudget
Cost: FREE and $1.49 per item
Money Saving Apps Availability: Android and iOS
Fudget is a money-saving app that has a lot of potentials. It allows users to keep track of their incomings and expenses with ease. The app also provides a one-tap solution for adding and editing expenses. Additionally, the app has the ability to start an income/expense to repeat it on future budgets. Fudget is also Universal, meaning it can be installed on any device. Finally, the app allows users to select their choice of currency symbols.
Pros: It’s extremely convenient for users who want to keep track of their finances on the go.
Cons: Like Piggy Goals, it’s a straightforward budgeting app with little to no integrations.
20. PocketGuard
Cost: FREE for Basic Plan (PocketGuard Pro version costs $4.99 a month or $34.99 a year)
Money Saving Apps Availability: Android and iOS
PocketGuard links to all of your accounts in one place and helps you keep track of your spending, bills, and account balances. It also has a feature called Autosave which will automatically save money for you based on how much you want to save.
Pros: There are definitely some pros to using PocketGuard. Being able to see all of your accounts in one place is very helpful. It’s also great that it can help you negotiate better rates on things like your cable bill.
Cons: It also charges a monthly fee if you need more customizations.
