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5 Min. Read

3 Free Expense Tracking Apps

3 Free Expense Tracking Apps

If you’ve been trying to monitor your finances, have no fear! Modern technology has made tracking your spending easier. Today, there are plenty of expense tracking apps that can help users get their finances in order. The best part about them? They aren’t an added expense!

We’ve selected the best free expense tracking apps and reviewed them for you. Pick the best expense tracking app for your needs from our list below!

Here’s What We’ll Cover:

What Is Expense Tracking?

What Is an Expense Tracker?

The 3 Best Free Expense Trackers

Key Takeaways

What Is Expense Tracking?

If you’re unfamiliar with the term, don’t worry. Expense tracking is simple. It’s the process of recording your daily expenses to help monitor your finances. This can be applied to personal finances or business finances. Understanding your spending habits is the best way to understand your financial health.

Trackable expenses can include any of the following:

  • Rent
  • Utilities
  • Equipment
  • Inventory
  • Staff and labor hours

Really, an expense is anything that causes you to spend money. To track your expenses, you can compile your receipts, credit card statements, or invoices. Almost anything can be considered an expense. Understanding your expenses keeps you on top of your budget.

What Is an Expense Tracker?

An expense tracker is a program or app that compiles all of your expenses in one place. Many expense trackers integrate with bank accounts, credit cards, and credit monitoring services. Having all of this information located in one place is convenient. Expense trackers are powerful budgeting tools designed for individuals and businesses.

The 3 Best Free Expense Trackers

If you’re trying to track your expenses, your expense tracker shouldn’t be an added cost. We’ve reviewed the 3 best free expense trackers so that you don’t have to. Check them out below.

1. Mint by Intuit

Mint is by far the best free expense tracker available. It comes with a comprehensive toolset that some paid apps can’t compete with. It’s a personal finance app that comes with all of the features you can expect from one of the leading companies in the field. If you’re looking to improve your financial habits, Mint comes with many features you’ll enjoy:

  • Syncing with bank accounts and credit cards
  • Savings goals can be set
  • Users can track investments
  • Bill payment reminders
  • Spending alerts when over budget or for large transactions
  • Credit monitoring services
  • Educational tools and blogs for beginners
  • Security features like two-factor authentication
  • Completely free

If you’re looking for the best option, look no further than Mint. Some users complain about advertisements in the application, but for the most part they aren’t distracting. Mint is the most comprehensive personal expense tracker app available on the market for free. Free or not, it’s one of the best personal finance tools overall.

2. Digits

Digits is an excellent expense tracker app for entrepreneurs who need to manage their cash flow. The application boasts machine-based learning. More impressively, the company says that it gets smarter with every transaction. The app supports more than 9,000 financial institutions, a huge number for any free app. Some of the features Digits includes are below:

  • Real-time analysis of spending
  • Automatic anomaly detection related to spending habits
  • Prediction of future costs
  • Will automatically reconcile transactions against your bank accounts
  • Identifies any recurring costs

Digits is a truly powerful program. At this point in time, the application is free through their Early Access program. If you need to monitor your business finances, be sure to gain access to the app soon.

3. Evernote

It’s important to note that Evernote isn’t entirely free. The free version of the program is limited to the desktop-only app. That being said, we couldn’t exclude it. Evernote lets users take command over their expense tracking. As far as monthly expense trackers go, Evernote is great.

The app captures data from receipts and emails and categorizes it for you. It’s intuitive nature is great. However, it should be noted that the expense tracking portion of this is entirely up to the user. It doesn’t have any of the syncing capabilities that the other programs on our list do. However, it’s more than just an expense tracker. Evernote is a documentation and information storage program. It’s capabilities are vast, but it’s up to users to teach themselves the ropes.

Key Takeaways

Expense tracking apps are a great way to monitor your personal finances. They can also be used to help with small business budgeting. Depending on how automated you want your app to be, the 3 we’ve selected cover all the bases. Get control of your spending and expenses today with a free expense tracking app!


Are you looking for more financial advice for your small business? Check out our resource hub. It’s packed with ways to effectively manage your small business’s finances!


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