Expenses Trackers

With the new developments of apps and technology, budgeting our money via phones, tablets and laptops have started to become the social norm. Virtue Money has selected a few apps (suitable for both android and apple products) that can help you to track your income and expenditure from your mobile products.



Yolt is a free App available to both Apple and Android phones that allows you to monitor all your finances from your debit cards through looking at your expenditures and income.

The app allows you to set up and track budgets, to help you monitor your money and save for things you want. You can use this app alongside other banking apps. This App is a great way to begin monitoring your finances and can help you to see what you can afford, alongside what to do with any money left over at the end of the month. If you have multiple bank accounts, Yolt allows you to view all your accounts on the same platform, making it even easier to see your balance. As well as this, Yolt can track where and when you spend money due to open banking.

If you want more information, please follow this link to their website – https://www.yolt.com/


Money Dashboard

Money Dashboard is a free android and apple app that allows you to plan and save money through monitoring your income and expenditure. The app pulls all of your financial information from the bank and sub-categorises them into what you spend your money on. Some of the other features of this app is that it allows you to set budgets as well as a planner feature which can show you the potential forecast of your money. You can use this app alongside other banking apps. Money Dashboard also allows you to see the date, location and amount you spend, as you spend it.

For more information on Money Dashboard, please follow the link to their website – https://www.moneydashboard.com/features



Moneyhub is another free app that works with both apple and android. Moneyhub allows you to see where you send your money as well as set budget goals. You can use this app alongside other banking apps as well as investment plans, allowing you to track all your money from the one app. The app also allows you to compare different outgoings such as seeing how much you spend on a food shop compared to eating out. Moneyhub also sends you nudges to ensure you are keeping up with your financial goals.

For further information about Moneyhub, please follow the link provided to their website – https://www.moneyhub.com/home



How to create a budget


Budgeting is about working out where all you pay goes.

You need to be aware of what comes in and what goes out of your bank as the last thing you want is to blow your wages at once, leaving you with nothing by the end of the month.

The best way to reduce the chances of this situation occurring would be to set a budget and try and stick to it. This can be achieved by seeing how much money you have going in your bank each month and then by allocating money for all the things you need to pay for, for example your essentials such as rent, food, bills etc. The money that is then left over once you have deducted your essentials from your income is what you have left to spend on things you would like/want and possibly to save for as well.

Not spending all your left-over money, if you can, and saving some is very worthwhile – especially if an emergency crops up or your saving for something such as a car, house, special birthday or holiday for example.

Sometimes it’s difficult to budget with peer pressure – new fashion trends, going out, gym bills or FOMO (fear of missing out), but by looking at your cash-flow (budget) each month, you are able to see more clearly what you can and cannot do with your money. Print our free budget planner here.


Monthly Budget
1. Pay (after TAX, National Insurance, Pension) £
2. Pocket money £
3. SAAS/funding money £
4. Additional income (e.g. selling clothes) £
1. Rent £
2. Food £
3. Bills (e.g. phone/car/ Spotify/utilities) £
4. Travel (e.g. car fuel/train/bus) £
5. Day-to-day spending (e.g. coffees/going out) £
6. One off’s (e.g. birthday’s/new clothes/concert) £
Difference – Left over
This is the total income minus the total outgoing DIFFERENCE TOTAL £