Due to the increasing inflation and the deteriorating balance of the monthly budget in Pakistan, "financial management" or keeping a proper account of money is the need of the hour.
If you are also suffering from this struggle at the end of the month, that "where did the money go?" Then the best solution in the digital age is expense tracking apps. But the question is, which apps are the best in Pakistan that can automatically or easily track Pakistani banks, credit cards, and daily cash expenses?
We will review budgeting and expense tracking apps that are capable of automatically keeping track of every penny you spend.
Why are expense tracking apps important?
Traditionally, people write down their expenses in a diary or Excel sheet, but this is prone to errors and can be quite difficult to keep track of on a daily basis.
Automation: Some modern apps automatically record the amount spent by reading SMS alerts from your bank.
Budget Limits: These apps allow you to set a budget for a specific category (such as ration, petrol, or shopping) and alert you when the limit is exceeded.
Reports and graphs: At the end of the month, you can see in beautiful charts what percentage of your income was spent where.
Best Expense Tracker Apps in Pakistan
1. DigiKhata
DigiKhata is one of the most popular apps in Pakistan. Although it was primarily designed to digitize the ledgers of small businesses and shopkeepers, it is now proving to be excellent for personal expenses and daily cash tracking as well. It supports the Urdu language, which makes it extremely easy to use, and all your data is stored on the cloud, meaning that even if the phone is lost, the data is not lost, and there is no monthly fee to use most of its features.
2. Wallet by Budget Bakers
If you want an international-quality app that can partially sync with major Pakistani banks (like Alfalah, HBL, etc.) or monitor your transactions, Wallet is a great choice. Its premium version allows you to link bank accounts, and you can create unlimited categories as you wish. If you are a freelancer and earn in dollars or other currencies, this app automatically calculates according to the exchange rate.
3. Batwa
Developed by local developers in Pakistan, the Batwa app is perfect for those who don’t want to link their accounts with any app due to bank security concerns. It automatically parses the official bank SMS (Meezan, UBL, HBL, SadaPay, NayaPay, etc.) that arrive on your phone and categorizes your expenses. The app works offline, and your data is not shared with any third-party servers.
4. Money Pro
This app is for users who want to monitor not only their expenses but also their assets, bills, and investments in one place. It sends you notifications before the due date of your electricity, gas, and internet bills, and if you have saved money on gasoline this month, it will automatically be included in next month's budget.
Precautions in use
Money is a sensitive matter, so keep these things in mind while using any financial app. 👇
1. No legitimate budgeting app will ever ask you for your bank password, PIN, or 6-digit OTP code. If any app asks for it, delete it immediately.
2. If you are using an offline app, be sure to back up your data to Google Drive or email on a weekly or monthly basis.
3. Make sure the app you are using is not selling your data to advertising companies.
Conclusion
If you want to achieve financial freedom, the first step is to understand your spending. If you want an Urdu interface in Pakistan, DigiKhata is the best. If you want automatic tracking of your Jazz Cash, Easy Paisa, and bank accounts via SMS, choose Batwa or Wallet.
FAQs
Is there any app in Pakistan that auto-tracks JazzCash and EasyPaisa?
Yes, Batwa and some other local expense tracker apps automatically read the official JazzCash and EasyPaisa transaction SMSes that come to your phone and add the records within the app.
Are these apps secure?
Most of the popular apps like Wallet and DigiKhata store data in an encrypted format. However, for complete security, always download apps from the official Google Play Store or Apple App Store.
Can I use these apps without the internet?
DigiKhata (partially) and Batwa (fully) have the ability to work offline. International apps like Wallet require internet for bank syncing and cloud updates.