4 Best Personal Finance Apps in India to Save Money

(Last Updated On: September 23, 2019)

Managing your money wisely is a great way to ensure financial stability and preventing yourself from falling into any debt traps. The good news is that today, there are many tools to help you do just that. Research shows that 34% of the people between the ages of 18 and 34 have at least one budgeting app on their phone, says an article on Bankrate.

Also read: Best stock trading apps in India.

Tracking your expenses on a daily basis can be a great way to keep track of your spending. You could use it to weed out unnecessary expenditure, so much so that you might even have money left over for some smart investments! So, here’s a look at some apps that can help you track expenses.


Mint is an effective app for budgeting and managing your money efficiently. You can link all your bank details and your monthly bills to the app, so that all your finances are visible in one place. Through this app, you can remain well aware of when your bills are due and if you are crossing your budget limit. Based on your available funds, Mint also lets you know how much you can afford to spend at a particular moment.


Mvelopes lets you divide your monthly budget to allocate funds to different categories of expenditures, like food, transport, house rent, grocery and so on. Once you download this app, you will never have to sit with a pen and paper and calculate your monthly expenses. Mvelopes works in an interesting way, such that once your money in one envelope is over, it enables you to transfer the money from another envelope or simply wait till your next salary comes in to spend under that category. The best part is that you can link up to 4 accounts to make online payments.


This is one of the most convenient apps because you only need to add new transactions, a new purchase or the money you spent travelling in a cab, or simply what you spent while shopping. In Monefy, you input the amount on any device that is handy at that moment. There is a Dropbox account, which safely synchronizes all the data between your devices. Also, there is an in-built feature that allows you to select your language and currency. Most importantly, this app is free of advertisements, which will also save you from unnecessarily spending time.


This app collects all the money-related information by detecting the SMSes in your inbox that indicate transactions made via your credit and debit cards. Mtrakr categorizes all your expenditures into entertainment, food, travel, bank transfers and so on. Apart from this, the app also gives you payment reminders, creating a budget, while offering tips on how to reduce expenses. What makes this app stand out it that it lets you upload receipts and memos, and automatically categorizes and includes them in your expense list.

All these apps are highly credible and they do not require any sensitive bank or card details. So, go ahead get and gain better control over your finances today.