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iphone finance appsWhile I contend that the personal finance and budgeting service, How To Use Mint To Manage Your Budget & Spendings Online How To Use Mint To Manage Your Budget & Spendings Online Read More  is the best and easiest way to keep track of your money and credit transactions, I realize that not everyone feels comfortable downloading their finances to a website, and that the service is only available in the US and Canada.

Nevertheless, no matter what your income, you should always track how and where you’re spending your money. And if you have an iPhone there are several free finance apps that can easily remind you if you’re spending within or beyond your means.

Mind Your Money

The Mind Your Money app may not be the most attractive app to look at and use, but it has several reporting features for not only keeping track of your banking, credit and debit card transactions, but for also setting up and tracking your budget, and reviewing your average daily spending. Transactions can be manually entered in just three taps.

iphone finance apps

The Pro version ($2.99) of this app allows you to export and customize your categories.


LohasMoney is a much better designed personal finance app that includes several dozens features and capabilities for users with more advance needs. LohasMoney allows you customize and add all types of recurring information. You can build a list of your frequently used vendors so you don’t have to retype their name for each transaction. If you travel a lot, the app also includes a currency exchange calculator.


track spending iphone

If you’re paying off debt, LohasMoney helps you keep track of your payment installments, and you can also select the type of expenditure you’re recording – e.g. personal, business, or custom. The app’s calculator even enters the decimal point for you, which saves one less tap.

You can also add up to two accounts in the Lite version of LohasMoney. The full paid version ($2.99) allows for unlimited accounts.

track spending iphone

The user interface allows you to view expenditures in calendar as well as list view, and it also provides a graphical input of your income and expenses.

If I were not using, LohasMoney would probably be my choice for a money management app.

Ace Budget 2

If you prefer a similar checkbook-like app, Ace Budget 2 might be a good choice. The Ace Budget 2 Lite version allows for 20 transactions to test it out. If it fits your needs the full version is only .99 cents, and is universal binary, which means it’s optimized for all iOS devices – even retina display— and you only have to pay for it one time.

track spending iphone

Ace Budget has a simple interface and good basic features for keeping track of income and expenses. You can set reminders for scheduled and recurring transactions, and as you type it will show previously entered descriptions for you to select from.

Ace Budget also has passcode protection, budget reporting and exporting of data, and the ability to backup data to your computer.

Ace Budget is set up primarily for setting up and monitoring your weekly or monthly budget. After you create categories for say fast-food, entertainment, groceries, gas, etc, you simply select a budget and add your transactions. A colored coded progress bar and your actual dollar amounts remaining for individual budgeted items are shown.

iphone finance apps

Each budget category can be assigned a unique icon. And at the end of each cycle you can go back and review your spending patterns in order to plan better for the next month.

These types of digital apps replace the old paper checkbook accounting and envelope budgeting system, and if used correctly are more efficient. All you have to do is take less than 30 seconds to enter a transaction, and review your budgets on a weekly basis. Used regularly, a personal finance and budgeting app can actually save you money over time.

Let us know what you think of these or similar budgeting apps. For other budgeting ideas, check out these articles.


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  1. Drew Fraser
    June 22, 2012 at 11:06 pm

    We just released a money management app called “Project Budget”. It’s an accounting software that helps you manage multiple expenses with just one account. It's designed to project money across all of your unavoidable bills, goals and savings items leaving you with available cash for spending. Hope you like it;
    More info can be found on our website

    • Bakari Chavanu
      June 22, 2012 at 11:13 pm

      Drew, thanks for letting us know about this app. I'll check it out.

  2. Lino
    May 24, 2012 at 8:54 am


    Do any of these support making multiple accounts? Like making an account for my Savings Account, Checking Account and an account for money-on-hand? And being able to transfer between those accounts?

  3. Preet Kamal Minhas
    April 20, 2012 at 1:24 pm

    Do check out MoneyMan:

    • Bakari Chavanu
      June 22, 2012 at 11:10 pm

      Thanks for the tip, Preet.

  4. Ryan
    March 24, 2012 at 5:08 pm

    Nothing beats YNAB for budgeting. Tracking expenses is only a small part of the budgeting process. With YNAB, you get a sweet UI AND a true plan to help you make sound financial decisions, save money, and get out of debt.

    • Bakari Chavanu
      March 26, 2012 at 3:29 am

      Thanks for the feedback, Ryan. I'll check it out.

  5. Jason
    March 24, 2012 at 3:35 am

    I would have included something like IxpensIt. This gives the ability to use multiple currencies and for those of us who travel and need to keep track of different currencies this feature becomes very important.

    • Bakari Chavanu
      March 26, 2012 at 3:36 am

      Thanks for letting us know about this one, Jason.

  6. Kevin
    March 24, 2012 at 3:01 am

    I'd like to know which applications have the data collected on an online website for analysing.

    • Bakari Chavanu
      March 26, 2012 at 3:32 am

      Kevin, I believe none of the above apps feature online support. But have looked at, which is both online and has mobile apps.