A spending tracker app is a mobile or desktop application which helps users to monitor and manage personal or business finances.
Benefits of using Spending tracker apps
- Track expenses: Record your spending in various categories (e.g., food, transportation, entertainment).
- Set budgets: Create budgets for different categories and track your progress towards achieving them.
- Analyze spending: View detailed reports and charts to understand your spending habits.
- Identify savings opportunities: Discover areas where you can reduce spending and save money.
- Sync with bank accounts: Connect your bank accounts to automatically import transactions.
App structure
Spending diary
Spending category
Add new spending, should include the below items
- Item spent
- Spending category
- Amount
- Date spent
- Memo
- Invoice
Spending tracker apps can be a valuable tool for anyone who wants to take control of their finances and improve financial habits.
Spending tracker apps help you become more mindful of your spending, identify areas for improvement, and achieve your financial goals.