5 Best Money Management Apps for Singaporeans


One of the most useful apps you can have in your smartphone is a money management app. These apps don’t only track your expenses and send you on a guilt-trip when you see how much you’ve been spending on “Entertainment”, but also provide you with reports and much needed help in budgeting.

While there are many incredible apps available, some would sync with your bank accounts or even squirrel money away for you, not all of them are available outside of the U.S. So, here are the ones that you can use in Singapore to help get your finances in order.


1. Good Budget

Before the plastic came into our lives, budgeting probably meant dividing cash into actual envelopes labeled as Housing, Food, and Transportation. The Good Budget app follows the old school idea of allocating a budget to each area of your life, and tracking how well you to keep to it.

You can also add envelopes for non-routine expenses like “Wedding Ang Pows” and “Vacations” and allocate money every month or as and when you want to.

There are free and paid versions on the web, iPhone and Android. The free version should suffice for the individual. If you’re managing the budget as a pair or family, the paid version which goes for USD 5 a month or USD 45 a year, allows syncing across 5 devices and so that when you deduct money from an envelope, the other person know how much is spent on what.

One advantage that this app has is that it doesn’t just track what you’re spending on, but actually makes you plan your finances and manage it with more discipline.

Cost: Free. Paid version available with more features.

Available on: iPhone, Android, Web


2. Expensify

One of the most popular expense-tracking apps out there, Expensify is great for business and personal use. It’s easy to use, and has a SmartScan function that allows you to photograph your receipts, then categorise, tag, and add them to expense reports. You can also do this manually and input details like merchant’s name and date, and put them into the reimbursable category if it’s a company expense.

Other useful features include mileage and time tracking, which can come in incredibly handy for salespeople and freelancers. In addition, Expensify allows you to enter expenses in any currency, which makes this a dream for the frequent traveller, business or otherwise.

Cost: Free

Available on: iPhone, Android, Web 


3. Wally

Wally is a personal finance app with good interface and design that doesn’t look overly serious. The app helps you to compare your expenses against your income, and also allows your set financial goals.

Wally also has an InstaScan feature, which scans your receipts and captures and saves the relevant details. When making your entries, you can also make a note explaining why you made the purchase, so you can take this as either a time of reflection or self-justification.

Besides the usual functions of generating and exporting reports, Wally also has a notification function that lets you know when you have upcoming payments, or when you’ve reached your savings goal.

Cost: Free

Available on: iPhone, Android


4. Pocket Expense

Pocket Expense is a rather fuss-free app that allows you to track your expenses, bills, and manage budgets.

You can have multiple budgets and set yourself a limit and then debit all your payments. This allows you to see how much is left in your budget till it’s completely gone, so you can decide whether or not you should postpone buying your friends a round of drinks to next month, next year, or next life.

The bill-tracking feature also enables you to customise alerts for each type of bill so “I forgot” is really not an excuse.

Cost: Free

Available on: iPhone, Android


5. Toshl Finance 

The Toshl Finance app is probably the cutest one in the world of personal finance apps.

This is a fairly basic and straightforward multi-currency budgeting app that works by tagging expenses so you can group them easily. You an also track your earnings and spending on a weekly, bi-weekly, or monthly basis.

The free app limits you to one budget and one income source, and you can’t set up recurring transactions like rent or paycheque. The Pro subscription which comes at USD 19.95 a year gives you additional features like exporting your data to Excel, PDF, or Google Docs.

Cost: Free

Available on: iPhone, Android, Web

If you don’t already have an expense or budgeting app, download any of these for free to start tracking the whereabouts of your money. One thing that all of these apps have in common is that what you get out of it depends on what you put in it. While they may be easy to use, diligence and honesty with your inputs go a long way to ensuring that you get a real transparent view of your personal finances.

App on!


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