It’s no secret that tracking your expenses is an important part of early retirement. If you’ve looked at my monthly spending reports, you know that I use CountAbout to track my expenses. Prior to using CountAbout I logged everything in a spreadsheet. This post explains why we’ve switched our expense tracking over to CountAbout and why I think CountAbout is the best app for tracking expenses and receipts.
Wave lets you track sales and expenses, manage invoices and customer payments, pay employees, scan receipts and generate accounting reports. The app is available to download on Windows, Mac. Goodbudget takes away the hassle of putting actual cash in paper envelopes, and instead allows you to track your spending online or in its app. You can either opt for the free plan or the plus.
Note– this is a sponsored post and contains affiliate links. While the content is sponsored, I really do use CountAbout to track my expenses and receipts. The sponsored post came at a great time because I have been excited to write more about how I use CountAbout to track our expenses for early retirement.
Why you should track expensesCalculate your retirement needs
https://cleverdocu474.weebly.com/blog/hdhomerun-mac-os-app. The most important reason you should track expenses is so you know how much money you need to retire. Many financial advisors based retirement calculations on replacing a percentage of your income. While that makes their job easy, it doesn’t help you figure out how much money you really need.
We only spend half of our income and save the other half. Therefore, retirement advice saying that we need 80% of our income in retirement is dumb. If we don’t need 80% of our income now, why would we need 80% in retirement?
When you’re tracking your expenses, you know exactly how much you spend each month. You can then build up a portfolio that supports your actual lifestyle. You’re in control and don’t have to chase an arbitrary number chosen for you by someone who may make a percentage of the money they help you invest.
See what’s important to you
Another great reason to track your expenses is to make sure you are spending money on what you care about. As James Frick said,” Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.“
Expense Tracker App
If you say that family is important to you, hopefully your expenses reflect family vacations and family activities. If you say you value wellness but your expenses show an expensive fast-food habit, you might want to reevaluate what is truly important to you.
Find hidden expenses
Finally, if you’re not tracking expenses, you’re never going to find hidden expenses that are eating away your wealth. I’m always blown away by conversations with friends where they make an offhand remark about not being able to keep track of all of their streaming services. Um, excuse me, don’t you examine your credit card statements?
Because I track my expenses, I’ve caught numerous charges for services that I thought I’d canceled and was able to follow up right away. It’s one thing to consciously spend money on things you don’t need. But spending money without even knowing about it is the worst!
Why you should keep receiptsHealth Savings Accounts
Health savings accounts are one of the best games in town. You can put money into the account tax-free. You can take money out of the account tax free. And your money can grow tax free.
However, you can only take money of the account without paying taxes if they are for qualified medical expenses. If audited by the IRS you need to produce receipts to show that the withdrawals were justified. That’s why it’s a best practice to use an app for tracking expenses and receipts.
Small business
Running a small business can be great. You get to deduct all of your business expenses. However, you need to document all of your business expenses. While you could, in theory, have a paper file in a filing cabinet where you keep all of your receipts, wouldn’t it be best to just app for tracking expenses and receipts?
Why CountAbout is the best app for tracking expenses and receiptsTracking expenses in CountAboutBusiness Expense Apps
Tracking expenses in CountAbout is easy. You can link your bank accounts. Then, when you log into CountAbout it will automatically download all new transactions across your accounts and load them to your dashboard.
Before CountAbout will record the transactions, you need to review and inspect them. This is a super important feature for me. I’ve used other budgeting apps like Mint or Personal Capital and would “see” various dial gauges of my spending but never really “felt” their impact. That’s why I used a spreadsheet for so long. I wanted to get “physical” with each transaction.
You can also categorize each transaction however you want to. I hated how Mint would lump all of my hotel expenses as “travel” when most of my hotel costs were for work travel that was reimbursed. I wanted to characterize that as “work” or make it invisible from my finance tracking entirely. CountAbout allows me to have full customization, including the ability to split a transaction. (Did you buy makeup at the grocery store with a gallon of milk? You can split it into two categories if you want).
Attaching receipts in CountAbout
CountAbout also allows you to attach receipts. I use this to store all of my receipts for my business (the blog) and for my health savings account.
The attachment feature is super intuitive to use. The easiest way to add an attachment is in the landing screen where you review and approve transactions. As you can see below there is a paperclip button near the option to approve the transaction. This opens a dialog box you can use to attach a receipt. I’ve attached image files and pdfs. You might be able to attach other types of files too- I haven’t tried it out.
To retrieve your receipt later, you can simply find the transaction you want, click on the paperclip button, and your receipt magically pops up. At its core, CountAbout is a database. Kundli pro download for mac. So it is surprisingly easy to query your transactions to find exactly what you need to find.
Side note: I also love that golden “a” button. I buy a lot of items on Amazon. Characterizing and tracking those expenses are difficult. Clicking the “a” button takes you directly to your amazon orders where you can find the purchase in question (and find the receipt, if you want to attach it).
What do you think? Tell me your best app for tracking expenses and receipts
We know, we earn money to spend but without having a proper tracking of our expenses; we might spend hours in the calculation of money spent in the whole month. Moreover, it is not possible at least for me to remember each and every place where I had spent my bucks. In this digital life, our expenses are not just limited to food and electric bills, it’s more than that, for example, monthly subscriptions of Netflix like apps, hanging out with friends, spending a bit on girlfriend, Internet charges, traveling, and more… In such situations, we need to manage expenses & money. I read a book, “Rich Dad & Poor Dad” in which the author told us that in our schools, we never taught, how to make money or manage it so that we can grow richer and richer. If you still not start tracking your expenses then you have to because then only you can save it & invest further. And to manage your budget you can use “Android Smartphone budget apps for money management”.
By the way, the budgeting is not complicated when you use the best budget planner and bill reminder apps available, to start saving money.
Here are some best budget apps for Android to Save Money and Tracking Expenses
Here are some best budget apps for Android to Save Money and Tracking ExpensesMonefy – Money Manager
Monefy is a simple looking app but with great features that works on both phone and tablets. It also available for iPhone(iOS) users. It has very intuitive user interface without any confusing elements. You can add new records using a widget that could be used on the lock screen. To secure your data you can sync the app with your own Dropbox account in case you lose your phone or want to access and track your expenses remotely on your computer.
Different categories are available on the app to distribute the expenses in the very formal way and for informative reporting, the charts are there. The categories available are food, car, clothes, entertainment, eating out, gifts, health, sports, house, pets, bill communications, taxi, transport, and toiletry.
Other features it has– multiple currency support, budget mode, backup and export data, Passcode protection, Multiple accounts support, Built-in calculator and the best thing is No Ads.
Thunderbird mac os x download. Price: Free / Premium features $2.33 or ₹150 Uninstall apple apps mac os.
Platform: Android and iOS
Money Manager Expense & Budget
Money Manager is another best app in our list for tracking expenses and maintaining budgets. Streamlined interface of the app helps in financial planning, expense tracking, and personal asset management.
Using this app you can easily record both personal and business financial transactions because it also features receipt snapshot.
Money Manager can generate spending reports, provides an overall review details of daily, weekly and monthly financial data. You also manage your assets with Money Manager’s spending tracker and budget planner.
It features double-entry bookkeeping accounting system, budget and expense management function, Credit / Debit Card management function, Passcode, Transfer, direct debit and recurrence function, Instant statistics, Bookmark function, Backup / Restore and more.
Free Expense Apps
Price: Free/ Paid version for No Ads & Unlimited Assets.
Platform: Android and iOS
![]() Spendee – Budget & Money Tracker with Bank Sync
Beautiful interface and best user experience can get from the Spendee app. It helps in tracking your spending, budget, and savings. You can make it your personal finance tracker and household planner manager.
The best thing which we find is the Spendee gives you details about your incomes and expenses in an infographic from where you can easily track money in a very intuitive way to know where all your money goes at the end of the month. ]
It features personal and family expenses tracking, can securely connect your bank account, add budget goal, infographics reports, track all money, household budget planner & manager, bill tracker of gas, water, loan etc., Multiple currencies support, personal custom wallets, and bank synchronization.
Price: Free
Best fax app for mac. Platform: Android and iOS
AndroMoney ( Expense Track )
https://oilyellow807.weebly.com/best-version-of-vim-for-mac.html. The AndroMoney is the most popular app in the budget tracking application category. It can also access from the web to easily access your budget accounts and efficiently tracking each expense report. It is worth to become you personal finance tool on your mobile phone. AndroMoney features all what you need to manage budget and expense tracking such as multiple accounts support, Cloud storage includes Google Docs & Dropbox, Account balance & account transfer support, syncing with other devices, any currency with downloadable rates, simple/ detail/custom Budgets, Trend, Pie and Bar charts for Expense and Cash Flow, Password Protection, back up and more.
Price: Free
Platform: Web, iOS, and Android
Web: https://web.andromoney.com/
Free Expense Tracker AppsWalnut Money Manager – Budget & Bill Reminders
This app for tracking expenses is on our list because of its solid money management tools and system. It helps you in tracking spending, pay bills, even you can use it as a wallet to send as receive money to friends. This is bit social money management app that allows you to create groups in which you can split expenses with your friends while discussing about the expenses, common bills and settlements using inbuilt chatting option.
It features tracking money spends, tracks credit card dues, split the money between friends, transfer money, Finds ATMs with Cash near you in real-time, 40+ Banks and cards supported (India only), Keeps track of train, taxi, movie bookings and more.
Price: Free
Platform: Android
Expensify – Expense Reports
Expensify is best to track your expenses while business travel because you don’t need to type anything just open this expense tracking app and snap a photo of your receipt. You can alternatively say that it is a receipt tracker app. https://cleverdocu474.weebly.com/blog/how-to-delete-the-email-app-on-mac.
The Expesnify is one of the best tools for expense report management and receipt tracking. When you snap a receipt the app will automatically use its SmartScan and add the expense amount to Expensify. It is designed for small businesses, accountants, and individuals who are sick of wasting time with spreadsheets while business travel and getting difficulty in reimbursement.
It features automatically record, report, and submit expenses with real-time expense reports, easy receipt capture, time tracking, automatic credit card import, direct deposit reimbursement, integration of other accounting software such as QuickBooks, Xero, NetSuite, Intacct, Oracle, Sage, etc.
Price: Free
Platform: Android and iOS
Fortune City – A Finance App
The thing we like in the Fortune City expense tracking app is it has some gaming elements to make tracking and bookkeeping more interesting than before. As you start recording your expenses and on the basis of your habit of expenditure, the app will start creating a city and building those flourishes in to a beautiful metropolis with in the app. It features easy to use interface to view and check expenses , pie charts and bar charts base reporting to get clear picture of your money spending habits, gaming part offers 100 different styles of buildings, and unique transportation options, cloud syncing for backup, and password protection.
Price: Free
Platform: Android and iOS
Mobills: Budget Planner & Money Managment
Mobills is another Google recommended and nominated as the best editors choice in the January 2018 budget planner and tracking expense category. A person who spends a lot, we recommend them to give one chance to this budgeting app. You can access your account offline. It has a mode called “Travel mode” which manage your expenses while traveling on a breeze, it will automatically sort and group all your expenses done during the journey.
Basically, the Mobills is a budget planner and bill reminder which can customize your monthly budget; so that you can do financial planning in which the things those are more important can be prioritized and get the focus of the money.
It features the creation of a customized monthly budget, Track expenses & spending and gets reminders of it, Credit Card Management, Add expenses, income and make transfers on the go, itemize the budget and save money, and the best part No third-party advertisements.
Price: Free
Platform: Android and iOS
Goodbudget: Budget & Finance
Goodbudget is a money manager and expense tracker for home budget planning. One stop app to plan financial model for your self. It gives real-time tracking and synchronization across different platforms it supported such as Android, iPhone, and the web. This feature helps everybody in your family to keep an eye on monthly spending.
Track Expenses App Mac Free
It features expense tracking, scheduled transactions, Split expense transactions, easily transfers funds between envelopes (a type of wallet) and Accounts, search for transactions, add income, it back up your budget data automatically and securely to Goodbudget’s website and more…
Track Expenses App For Mac
Price: Free
Platform: Android, iOS, and Web
Tricount – Split group bills
As the name of this app, you get an idea what is the specialty of this expense tracking app. If you traveling a lot with friends or sharing bills with roommates then the Tricount can help you tracking your expenses and bills to get easy settle up. It works on both smartphone (offline too) and Web. The Tricount allows to share a simple link of expenses to your friends for splitting, anyone in the group can add their own expenses and see the balance in a simple layout.
Price: Free
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Platform: Android, iOS, and Windows
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