When you’re trying to save money, build wealth, and manage your budget, it’s absolutely essential to have a free expense tracker to account for every hard-earned penny you spend.
The latest and greatest expense trackers manage all areas of your finances, whether you’re charting transactions on personal accounts or mapping the financial health of your small business.
Here are some of your options when it comes to expense tracking tools.
Spending Free
Spending Free, iPhone’s take on a free expense tracker app, gives you simple snapshots of your overall financial picture every time you open the application.
View your income in green, your expenses in blue, and compare the two in a dynamic interface that breaks up totals by the day, week, month, year, and lifetime.
This tracker is a great choice for goal-setting because it creates a clear picture of where you’ve been and how your income relates to your expenditures. After all, the first step to making significant changes in your finances is getting crystal clear about your situation as it now stands.
Expense Tracker
Expense Tracker turns your smartphone into a mobile bookkeeper. With its easy-to-use interface and shareability features, this app is the perfect choice for savvy entrepreneurs on the go.
Expense Tracker gives you control over how you manage each area of your expenses, which can be arranged and charted by date, quarter or category. Available for Android, this app intuits selections you’ve already entered, making the creation of labels and descriptions a breeze.
Freshbooks
You know and love Freshbooks for cloud-based accounting, but did you know that Freshbooks can also track your expenses?
Simply sync your Freshbooks account to your checking or savings account, and watch this intuitive program get down to business.
Once the application has access to your spending accounts, it automatically recognizes expenses, categorizes them, labels them, and creates an easy-to-read snapshot of your personal financial picture.
Each time you log in to your account, you’ll see expenses listed side by side with income and unpaid invoices, making it a snap to see where you’re overspending and where you can afford to indulge a bit.
Now that’s fresh!
Shoeboxed
Every time you receive a receipt and beam it to your Shoeboxed account, the expense is automatically labeled and digitally filed into a category predetermined by you.
Once you’re in the application, you can search, edit and export expenses associated with everything from business travel to office supplies.
Shoeboxed makes it easy to create expense reports in a variety of formats and share them with your co-workers, employer or tax professional. And since every receipt has been scanned and digitized, you can rest easy knowing that you have legally binding documentation of each and every expense.
Using a free expense tracker is the best way to take control of your financial health and continued growth as a small business owner or solopreneur.
As you track each expenditure, you’ll rest easy knowing that the application is saving you time and money by organizing each item into detailed lists and categories. When the time comes to submit your expense reports to your employer or accountant, you’ll be able to do so with the click of a button.
How did you used to track expenses before there was “an app for that”?