Budgeting Basics: Tools and Apps for Budgeting

In today’s digital age, several tools and apps can simplify budgeting and help you stay on track. Here are a few popular options in India:

1. Walnut

  • Expense Tracking: Automatically tracks your expenses by analyzing SMS alerts from banks and credit cards.
  • Budget Creation: Allows you to set a budget and alerts you when you’re nearing your limit.
  • Bill Reminders: Reminds you of upcoming bills and payments to avoid late fees.

2. Money Manager

  • User-Friendly Interface: Simple to use, with features like expense tracking, budget setting, and financial reporting.
  • Cashbook Feature: Particularly useful for tracking cash transactions, which are still common in India.

3. ET Money

  • Investment Integration: Besides budgeting, it offers investment recommendations based on your financial goals.
  • Automated Tracking: Tracks your expenses automatically and provides insights into your spending patterns.

4. Monefy

  • Expense Categorization: Allows easy categorization of expenses with a simple and intuitive interface.
  • Cross-Platform Syncing: Sync your data across multiple devices, making it easier to manage your budget on the go.

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