3 Budgeting apps for South Africans to better manage finances

By Delisha Fernandes

Saving has become an invaluable financial tip that everyone who desires financial stability works with. It is increasingly promoted as one of the many ways to grow your income and build stable wealth while achieving long- and short-term financial objectives. Managing finances can be a daunting task, especially for South Africans facing the dual challenges of rising living costs and limited financial education.

However, with the right tools and strategies, taking control of your budget and improving your financial health becomes a feasible goal. Budgeting apps have emerged as invaluable aids in this endeavour, offering convenient ways to track expenses, set saving goals, and stay on top of financial obligations.

Here are 3 budgeting apps for South Africans to better manage their finances:

• 22seven

22seven is a smartphone application that enables individuals to track and control their spending habits. It gathers all your money stuff together and shows you how much it’s worth and where it goes. It generates an automatic budget for you based on your actual spending, shows you what you usually spend, have already spent and have left to spend, and helps you find more money every month.

• moneysmart

moneysmart is a free financial and spend management app for South Africans looking to manage their money easier and without the hassle of traditional budgeting. moneysmart helps you to stretch your money till the end of the month. The mission of moneysmart is to shift financial control back to the individual and empower them to take control of their financial lives. Founded in 2010, moneysmart is recognised by South Africa’s leading financial institutions.

• Spendee

Spendee is a free app that helps users track their budgets, spending habits, and cash flow. It’s available on Android, iOS, and the web and has a free, plus, and premium version. It is considered one of the best money apps in South Africa, especially since it allows you to use the free version, the plus, or the premium version for greater benefits. By using Spendee, you can keep track of your cash flow while viewing detailed breakdowns of how you actually spend money.