A Feature-Rich Budget Management Application Arrives for the iPhone

Written by:  • Edited by: Simon Hill
Updated Oct 5, 2011
• Related Guides: iPhone | App Store
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The iPhone Budget app is a full-featured budget management application which offers various settings and options with the aim of helping you keep track of your spending and helping you keep to a budget.

Managing a Budget on the Go

I've tried various mobile budget management applications even when I didn't have an iPhone. Unfortunately after installing those budget management applications on my mobile phones, it usually just takes me a day or two of use before I give up and by the third day I stop. Perhaps because of my lack of budget management discipline and patience. Or perhaps the mobile budget applications that I used to have on my mobile phones were not enticing enough to keep me using them. Fortunately, with my new iPhone, some app developers named Deskescape have come up with a pretty good, feature-rich and yet easy to use and manage, budget application app. And it's simply called Budget.

Budget's Features

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Reading through the list of features laid out by Deskescape for its Budget app for the iPhone, I couldn't help but notice the difference between a free iPhone app and a paid one. For $1.99 Budget gives you a slew of features that you won't generally find in a budget management app. These features (listed by Deskescape) include:

  • Simple transaction and budget entry - as soon as you fire up the app, you will be presented with pre-defined items in which you can enter your budget by simply tapping the total column opposite the budget item name. You can set your monthly budget for a specific item by simply tapping on the budget icon located below your iPhone's screen. You can also opt to tap on the advanced budget icon for more advanced budget settings.
  • Share transactions between iPhones - by tapping on the Share Transactions icon, the application will generate a report for a particular transaction and send it to someone you specify via email.
  • CSV Data Export - lets you export your budget transaction into a CSV file for viewing later as an Excel file.
  • Data BackUp and Restore - your usual B and R transaction for safeguarding your budget plans.
  • Password Protection - if you're afraid that your wife might discover your unnecessary expenses, password protect your Budget account.
  • Recurring Expenses/Incomes - a pretty useful function especially if you are creating your monthly budget plan. You can set budget items to recur every month for up to 3 months. After which you have to re-enter them.
  • Expenses vs budget graphing - more useful if you're fond of viewing your monthly expenses and income using visual graphs.
  • Highlighting of over budget expenses - this feature could help you in keeping track of your expenditures beyond your budgeted amount.
  • Reminders for overdue expenses - another useful feature especially for those who keep on forgetting to settle their monthly obligations and dues.
  • Yearly expense comparison - for those who keep track of their yearly budget vs expenditures, this feature is definitely useful.
  • Category sorting and customization - using the drag-drop method, you can arrange the budget items in whatever way you want.

Our Verdict

It's not very often that we encounter such a feature-rich budget management application on any mobile device. Hence, iPhone users like us, are very fortunate to have this app available for download at the App Store. If we can spend 99 cents for some games which really have no productivity value, then I don't see a reason why we should not buy this app and install it on our iPhones. You might argue that there are free budgeting-related apps available, but the Budget app really hits us with every detail of our budgeting management strategy. Yes, I definitely recommend this application.

[Download Link]

You may also be interested in reading about some iPhone expense tracker apps.


Comments

Showing all 10 comments
 
bill Jul 16, 2011 3:07 PM
Budget Protector is the best budget app!
Rather than seeing how much we spend and then saving the rest, we’re determining how much we need to save, and then spending the rest
evelina Apr 4, 2011 4:02 AM
track money app
My favourite app is Track Money. It's useful, but the most important thing is simplicity. I'm not an expert, but with this program I had no problems at all. More information:
http://itunes.apple.com/us/app/track-money/id419364762?mt=8
Bud Mar 1, 2011 2:15 PM
Get Budget Friend App
you guys should check out Budget Friend App.

super friendly
bud Feb 22, 2011 4:44 PM
Budget Friend App
Budget Friend App is much better
daniel Dec 9, 2010 4:26 AM
cool budget app
I found an app that helps me to decide how much I need to save, and then spending the rest, instead of seeing how much I spend and then saving the rest.
Its a New way to save money on site just seconds before spending it. its not easy because you need to track your expenses every day and not only by the end of the month.
it calls "Budget Protector"
StevenS Nov 12, 2010 8:55 AM
pretty cool app for finances - Money iQ
Check it out
It lets you seletc several accounts without lengthy navigation
I found it pretty useful
http://itunes.apple.com/app/moneyiq/id401136940
Johnson Nov 3, 2010 7:52 PM
iPhone Money Saving App
I found this budgeting app called Penny Saved that actually helps me save money by listing expenses by need or want.
Amy Jul 19, 2010 7:26 AM
Budget Application
I found Ace Budget the best one. It's not so boring to look at and has a lot of different pictures to place next to the different sections of the budget. It also restarts your budget for the date you set so there's no need to keep retyping the information.

Brilliant app!
alex Jul 8, 2010 12:42 PM
Budget app suggestion
I found a great app that helps you with your bills and to forecast your balance on a calendar, is called Budgets & Bill Tracking. Very well done.
Tim Feb 22, 2010 3:27 PM
the best budget app
The best budget apps after reviewing 17 of them are mint, iexpenseit, and budget-planner. The last one has a budget forecast system ive never seen before. pretty cool.
 
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