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Top 7 Budgeting Apps in India for Smart Spending
In a country like India where financial discipline is crucial, budgeting apps have emerged as essential tools for individuals and families to track expenses, save money, and plan for the future. Whether you’re a college student trying to stay within a monthly allowance or a working professional managing bills, these apps can help you spend smartly.
In this article, we’ll explore the top 7 budgeting apps in India that help you monitor your spending, track income, and build savings—all from your smartphone.
1. Walnut
Best for: Expense tracking & budget analysis
Platform: Android, iOS
Price: Free
Walnut automatically tracks your expenses and categorizes them without needing manual entry. It also reads your SMS messages to extract transaction data securely, which makes tracking seamless for Indian users. You can set monthly budgets, split bills with friends, and monitor ATM withdrawals and credit card dues.
Key Features:
- Automatic SMS-based expense tracking.
- Bill reminders and due date alerts.
- Budget reports and monthly insights.
2. Money Manager (Realbyte)
Best for: Simple UI & graph-based budgeting.
Platform: Android, iOS.
Price: Free with in-app purchases.
Money Manager offers a clean interface with visual reports of income and expenses. You can manage multiple accounts (like cash, bank, wallet), and categorize every rupee spent. It’s ideal for users who prefer clear pie charts and bar graphs to understand their spending habits.
Key Features:
- Graphical breakdowns of spending.
- Password protection for security.
- Expense reports in Excel or PDF.
3. Goodbudget
Best for: Envelope-style budgeting
Platform: Android, iOS, Web
Price: Free (with premium version)
Goodbudget uses the envelope budgeting system, where you allocate funds into different virtual envelopes for rent, groceries, travel, etc. Though it’s not India-specific, many users in India have adopted it due to its simplicity and syncing capabilities for families.
Key Features:
- Envelope budgeting system.
- Syncs across devices.
- Financial goal setting.
4. ET Money
Best for: Expense tracking with investment options
Platform: Android, iOS
Price: Free
ET Money, developed by Times Internet, goes beyond expense tracking and includes features like mutual fund investments, insurance, and credit score checking. It auto-categorizes your spending by reading SMS alerts and helps you save more effectively.
Key Features:
- Tracks spending and investments.
- Tax-saving suggestions.
- Personalized mutual fund. recommendations
5. YONO by SBI
Best for: SBI customers wanting built-in budgeting
Platform: Android, iOS
Price: Free
YONO (You Only Need One) is SBI’s unified app that also includes budgeting features. While it’s primarily a digital banking app, it lets users track expenses, monitor spending patterns, and manage both banking and financial planning in one place.
Key Features:
- Budget management for SBI users.
- Real-time account monitoring.
- Integrated financial services.
6. Money View
Best for: All-in-one money manager with loan support
Platform: Android
Price: Free
Money View is widely popular in India for its ability to track expenses via SMS alerts from banks and wallets. It offers personalized budgeting, bill reminders, and even personal loan services for users with minimal documentation.
Key Features:
- Automated expense manager.
- Bill & EMI reminders.
- Loan tracking and application.
7. Bajaj Finserv App
Best for: Integrated finance & budget planning
Platform: Android, iOS
Price: Free
Bajaj Finserv app is ideal for users who are already using Bajaj services for EMIs, cards, or loans. It allows budgeting features like tracking due dates, monitoring monthly outflows, and categorizing expenses. It’s part of a broader personal finance ecosystem.
Key Features:
- Budget tracking for Bajaj customers.
- Credit & EMI dashboard.
- Goal-based savings insights.
Why Use a Budgeting App in India?
With the rise of digital payments, UPI transactions, and online banking, it’s easier than ever to lose track of where your money goes. A budgeting app:
- Provides clarity on monthly spending.
- Helps reduce unnecessary expenses.
- Encourages saving for goals (like travel, investments, or emergencies).
- Keeps track of loans, bills, and subscriptions.
Conclusion.
Each app mentioned above offers unique features tailored for Indian users. If you want automatic tracking, go with Walnut or Money View. If you’re into visual planning, try Money Manager. For those managing family finances, Goodbudget might be perfect. And if you want investment tracking, ET Money is your best bet.
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