What is a spending tracker?

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A spending tracker is a tool that can help you stay on budget. If you’re in the process of learning how to budget or just need some extra help, a spending tracker can be a huge help. 

These days, spending trackers come in all different forms. You can stick to a paper track or download one on your phone. With all this new technology, it’s easier than ever to connect a spending tracker to your bank account and have it auto-update.

That means you track your spending in one place, and you can log in any time to see where you stand against your budget.

But with so many trackers out there helping students budget their lives, which one should you choose? The honest answer is to choose the one that’s right for you. Here are some of the best options according to our favorite financial resources. 


Wally is an excellent tool if you want some insight into your spending and keep track of where you stand against your savings goals. 

It pulls in the information from your various accounts, allows you to set your budget for multiple categories, and even tracks your goal for savings. 

Furthermore, Wally helps out by giving you advice on how to spend smarter and save. It’s the perfect at-a-glance app for those who want to stay on track but live off their phones. 


Mint is one of the most popular budgets and spending tracker apps on the market. Over the years, it’s been in business; it’s been helping individuals do everything from find loans to consolidate their credit in one place. 

Not only does it track your spending against your budget categories, but it also syncs all of your spending accounts, including credit cards. It reminds you when bills are due, alerts you to unnecessary fees, and even tracks your credit.

So if you’re looking for an overall budget buddy to help you get smart about where you spend — Mint is a great choice. 


Most spending apps are free unless you want to add extra features, YNAB isn’t one of them. They offer a free trial to help you get started, but you’ll have to start paying after that.

Still, there’s a reason why it’s popular, and people continue to pay money for their service. YNAB allows you to share an account with a spouse, roommate, or partner so that you can keep track of household expenses together. 

Like other apps, it tracks your goals towards savings and credit card payoffs and even generates reports to let you know how you’re doing every month. But most importantly, they’ll log on and help you tackle any of your finance questions so your budget is the best it can be. 


If you were a fan of the envelope saving method but want to take your budget into the age of technology, Mvelopes is a great option. 

Their three tiers come with several different services—the most expensive allowing you access to debt services, a learning center, and even finance coaches. But if you don’t want to shell out the top amount, you can start with a basic plan, which will get you started creating your envelopes and sticking to your chosen budget. 

Marcus Insights

Previously Clarity Money, Marcus Insights helps you to optimize your money by providing all the tools you need in one app. Like all the others, it enables you to track your spending, saving, and investing all in one place. 

But if you’re big on investing, it takes it a step further, giving you tools to see your investments clearly and resources to help you make better money decisions. Overall, Marcus Insights is a great option if you want some financial advice around setting your financial future up for success. 

No matter which app you choose, tracking your spending is an excellent way to set yourself up for a stronger financial future.