With the proliferation of apps for smartphones and tablets, there are now more ways than ever to stay on top of your finances. With many of these free, you have no excuse for not keeping up to date with your financial situation. Here are 4 of our favourites.

  1. Pocketbook (available for iOS and Android)

An Australian budgeting app designed for the Australian environment, Pocketbook has deservedly earned a lot of kudos recently. As a budgeting app it stands out because it automates virtually everything. It syncs with your bank accounts and credit cards, so it misses nothing – even if your money is with several financial institutions. It auto-detects bills and warns when they’re due. You can also set a weekly/monthly budget called ‘Safely Spend’ which automatically reduces as money leaves your account, meaning you’re always aware of your spending. It will also allocate your spending into categories and remind you when bills are due so you know exactly where your money is going and when.

  1. Track My Spend (available for iOS and Android)

Developed by the Australian Securities & Investments commission, Track My Spend makes keeping track of your personal expenses easy and enjoyable. Just enter your total budget then add each expense and its’ category as it happens. You can separate work, personal and goal-oriented expenses, track spending on a weekly, fortnightly, monthly or yearly basis, differentiate between ‘needs’ and ‘wants’ and much more.

  1. Expensify (available for iOS, Android and Windows phone)

Expensify allows you to keep track of expenses on the go by taking photos of receipts – the app does the rest. It will also automatically import expenses from your credit card and bank account, help you to record the amount you have spent in various categories, integrate with accounting systems such as Xero and Quickbooks, and export expense reports from your phone. The paid version will also let you approve expenses and integrates with other software.

  1. Money Smart Financial Calculator (available for iOS and Android)

Another very useful app from the Money Smart team at the Australian Securities & Investments commission, this offers easy to use calculators to help you figure out the true future cost or value of such things as mortgages, superannuation, loans, interest-free deals and compound interest. Make sure you install this handy little calculator before you make any big purchases to ensure you understand the full cost.