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Use the iPhone to Monitor Your Expenditures

written by: Vasanth•edited by: Simon Hill•updated: 5/30/2011

Keep track of every dollar you spend with the following iPhone expense tracker apps. Learn about the features of each application and find out which one is best for organizing your financial information.

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    iXpenseIt iPhone App iXpenseIt is a well-rounded expense tracker with multiple features. It is great for tracking daily expenses and for maintaining a monthly budget. The app features an expense summary that details the total monthly expense, the average daily expense, and the most costly items. View how well you are reducing expenses with the trend graph, which shows expenses and cash flow over time. Recurring expenses such as rent and utilities can be set once, and there is a mileage and reimbursement feature for driving expenses. This app is available at the iTunes App Store for $4.99.

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    Expenditure iPhone App Record what you buy and the amount of money it costs with Expenditure. This iPhone expense tracker app features a category system designed to group together similar expenses. The app will total the expenses in each category and provide a total. You can add a note to each transaction and even include a picture. There is an option to password protect the expense list and there is an option to export the list by email. Some users have complained about incorrect dates assigned to transactions, so double check each transaction. This app is available at the iTunes App Store for $1.99.

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    iWallet iPhone App The iWallet app tracks your expenses and income. You can record your expenses for the day and view the amount you have spent over a week. The app maintains expense records on a monthly and yearly basis as well. There is an edit feature for each entry and a search feature to find specific items. The app generates an expense report that can be exported by email. This app is available at the iTunes App Store for $2.99.

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    CashTrails iPhone App Another highly rated expense and income tracker is CashTrails. With this iPhone app, you can record your daily expenses and organize them into easily accessible categories. Include a note with the transaction and upload a picture if you like. There is an option to set recurring expenses at a specific interval, and the app supports multiple currencies. The CashTrails app is available at the iTunes App Store for $4.99.

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    MileBug - Mileage Log & Expense Tracker

    MileBug - Mileage Log & Expense Tracker iPhone App MileBug - Mileage Log & Expense Tracker is an app specifically designed to record the expenses associated with driving. You can track the miles driven for work, charities, and medical reasons. The app incorporates the tax deduction rate per mile driven. Some users have complained about incorrect tax rates so it's best to double check. It can also accommodate multiple vehicles. This app is available at the iTunes App Store for $2.99.

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    If you're on a budget and looking for an app that just focuses on tracking daily expenses, then consider downloading the Expenditure app. Otherwise, splurge a little and download the iXpenseIt app. Its multiple financial features and reports give it an edge over similar apps.

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    Image Credit - Images courtesy of the respective app developer.