May 24, 2022

5 Best Money Management Apps For Australians

Having an easy way to access and manage your finances is important when budgeting. Here are five of the best apps for Australians who have their mind on their money and their money on their mind. You can bank, budget and track expenses all on the go. The following money management apps will make managing your money easier. All of the apps below are designed for the Australian market or can be used by Australians.


Brought to you by ASIC, The Money Smart’s TrackMyGOALS app allows you to set, plan, track and manage your savings goals and visualise your progress. It is amazing how seeing how you move towards saving goals helps with motivation.

Cost: Free

Download here: Android and iOS

  1. TrackMySpend

Another ASIC Money Smart App, TrackMySpend is a basic budgeting app that helps you categorise what you spend. The app allows you to categorise expenses, save regular expenses as favourites and flag expenses as needs or wants. You can also download the data to a spreadsheet for further analysis or to import into other accounting software.

Cost: Free

Download here: Android and iOS

  1. Raiz (Formally Known As Acorns Au)

Raiz is an investment app that links to your bank account. Each transaction is rounded up to the nearest dollar and invests that change for you in a diversified portfolio (EFT). You can choose the level of risk for your portfolio from low to medium to high based on market fluctuations. Be aware you will need to pay tax on all realised capital gains.

Cost: App is free but there is a monthly fee ( $1.25 per month for balances under $5,000)

Download here: Android and iOS

  1. Splitwise

Need an easy way to split expenses between friends or housemates? This is a great app for those who need to keep track of who owes what. Splitwise keeps a running total of how much is owed and when. Set up email reminders when expenses like the rent are due or if you forget to pay someone back.

Cost: Free

Download here: Android and iOS

  1. Expensify

Expensify is an app for scanning receipts and tracking time or mileage for tax deductions. Expensify also pulls information from the receipts such as the date, time, amount and merchant. At tax time download it as a CSV file ready for your accountant at tax time.

Cost: Free

Download here: Android and iOS


If you have any questions about the apps or how to set them up please get in touch. We always love hearing from you!


Julie Dunmore

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