24 Jan 5 budgeting & savings apps worth checking out in 2024

The days of clunky spreadsheets and mental math marathons are over. In 2024, taking control of your finances is easier than ever thanks to a wave of innovative budgeting and savings apps tailored to our unique needs. But with so many options, where do you start? Worry not, because we’ve rounded up 5 budgeting and savings apps for you to think about giving a shot.

1. Frollo: Your one-stop financial hub. Think of Frollo as your financial fortress, securely housing everything from bank accounts and credit cards to superannuation and investments. It tracks your spending like a hawk, providing a comprehensive overview and insightful graphs to help you identify spending patterns and areas for improvement. Plus, Frollo sets you up with personalized budgeting goals, sends handy money-saving tips, and even lets you compare savings accounts to find the best deal.

Why you’ll love it:

• Holistic financial picture: See all your accounts in one place, making it easy to track your progress and make informed decisions.
• Budgeting on autopilot: Frollo creates personalized plans and lets you tweak them on the go.
• Savings goals galore: Set achievable goals, track your progress, and celebrate milestones with Frollo’s cheering squad.

2. PocketSmith: The Aussie Mint alternative. If you’re a data-driven budgeting ninja, PocketSmith is your weapon of choice. This powerful app offers deep budgeting features, detailed reports, and even lets you forecast your finances months in advance. It also connects with a wide range of bank accounts and financial institutions, giving you a complete picture of your financial universe.

Why you’ll love it:

• Mint-like power: Get detailed insights into your spending habits and make informed decisions with PocketSmith’s powerful tools.
• Forecasting for the future: Plan ahead with confidence by seeing how your finances will unfold in the months to come.
• Flexibility is key: Adjust your budget effortlessly and adapt to changing circumstances with ease.

3. Simplsaver: A straightforward and privacy-focused budgeting tool. It categorises your expenses, tracks your monthly budget, and alerts you to potential overspending or budget challenges. Your data stays on your phone, never sold to advertisers. Plus, simplsaver contributes a portion of its profits to the Royal Hospital for Women in Australia, supporting healthcare for new parents and newborns.

Why you’ll love it:

• Straightforward, traditional budget calculator
• Track your monthly costs and avoid a budget spiral
• Data stored locally on your phone – not sold to advertisers

4. Raiz: Raiz takes the “set it and forget it” approach to saving to a whole new level. This micro-investing app automatically rounds up your everyday purchases to the nearest dollar and invests the spare change in diversified managed funds. It’s a painless way to build your wealth over time, and you can even set saving goals and track your progress within the app.

Why you’ll love it:

• Effortless saving: Watch your savings grow automatically with every purchase.
• Diversified investments: Spread your risk and maximize your potential returns with Raiz’s managed funds.
• Goal-oriented: Set saving goals and track your progress for extra motivation.

5. Spriggy: Looking to give your kids pocket money, but in the 21st century? Spriggy could be the ticket. Designed for caregivers and families, Spriggy helps you track your kids’ spending, teach them money management skills, and even loads cash onto a debit card so they spend if they need to.

Why you’ll love it: Better still, there’s a ton of security features and safety nets (like spending restrictions and a pause/lock function) so your kiddly-winks can’t accidentally – or purposefully – get into mischief. Good way to teach kids smartphone responsibility and money habits all in one go!

• Tons of security features: Including spending restrictions and a pause/lock function
• Money education: Good way to teach kids smartphone responsibility and money habits all in one go!
• Goal-oriented: You can even set tasks or jobs so your kid can earn their allowance, or watch as they meet fun, visual savings goals. Financial literacy FTW!

Disclaimer: This information is general in nature and does not take into account your personal and individual situation.