Budgeting truly entered the 21st century with the invention of apps and the smartphone.
Now, you can track your savings goals and even adjust them on the fly from anywhere, anytime.
As Australia’s most trusted accountants, it’s our mission and job to save you as much money as possible.
One way to do this is to keep your savings at the front of your mind consistently throughout the week.
So we’ve lined up some of the most innovative and helpful savings & budgeting apps for Australians in 2022.
#1 Consolidate Your Savings With Frollo
Frollo provides a comprehensive overview – at a glance – of all your current finances: ranging from bank accounts, super and home loans all displayed in a convenient dashboard.
The app allows its users to set savings goals with customized insights and provides real-time data on your financial progression towards said goals.
Frollo also automatically categorize your spending per week or month, giving you a crystal-clear idea on your biggest expenses. In fact, the app even alerts you before bills are charged to your account, just to give you a heads up.
This is one of the broader apps on the list, encouraging financial accountability, convenience of tracking your assets across 100+ Australian institutions, and tracking of goals.
#2 Save Cash Every Grocery Trip With Wiselist
Wiselist serves a much more specific purpose than Frollo: comparing the price of groceries between Coles and Woolworths!
This app will compare individual prices of groceries, but where the magic comes in is when you enter your entire grocery list. Wiselist will crawl the Coles & Woolworths website to create a detailed comparison.
You can also configure the app to send you alerts when a certain product goes on sale.
Wiselist will help you keep the price of groceries down, which as it so happens is one of the biggest recurring expenses for Aussie families. Groceries are also one of the biggest areas you can save money, especially when you buy sale items in bulk.
#3 Want To Teach Your Kids To Save? Try Spriggy
The perfect budgeting app for parents looking to instill some financial literacy in their kids.
Spriggy lets you create a miniature bank account for your children. You’ll be able to set goals and tasks for your children to complete, and in return they’ll receive a payment from the allowance you give them.
It also lets you load up a debit card in the unforeseen event that they may need to get home in a pinch.
You’ll be able to track your children’s spending habits, too, so you can better inform them of sound financial practices like budgeting and saving.
#4 Keep Track Of IOU’s With Beem
The Beem app solves another very specific financial problem: the awkwardness of transferring money between friends and family.
This app lets you send and request electronic payments: but the kicker is that Beem will automatically send (gentle, but firm) nudges to people who are slower to pay you back.
The app really shines when you share a meal or night out with friends.
Additionally, the Beem app offers cashback opportunities: if you buy everyday products with certain brands, you may qualify for retaining part of the price of your purchase.
Looking To Save More On Business Expenses?
Budgeting has never been easier than in 2022 and the best tools to enhance your saving capabilities are almost always free.
Of course, the best way to save your way to financial freedom and a secure cashflow for your business is with the help of The A Firm’s accounting experts. Give us a call today to see how we can help skyrocket your savings!