An expense tracker is a financial management tool that helps you with the tracking of your business or personal expenses. It is an app or web application that can help you with your personal finances, time tracking, project management, as well as expense reporting.
Expense trackers are beneficial to those who have a tight budget. They make it easier to keep track of your cash outflows.
Advantages of using an expense tracker include:
- It's easy to use and navigate through the app/web interface.
- It saves time by being able to report expenses.
- It makes it easy to manage projects, tasks, and finances on the go.
- Some could help you with financial reports of the progress of your budget.
Below is a simple expense tracker for personal or business use;