Long gone are the days of manual budgeting using excel and guesswork investments! This is an era of AI Powered Apps for Smart Money Management. It is gradually transforming how we manage our money—from auto-tracking expenses to predicting market trends. With over 750 million smartphone users across India and growing fintech adoption, AI is no longer a luxury but a game-changer for every middle-class household, millennial, and young professional.
Let’s explore the AI powered expense tracking apps for money management.
Money View
MoneyView is an AI-powered expense tracking app that also offers loan and investment options to its users. Its most well-known feature is automated SMS-based expense tracking, which helps categorize expenses by parsing SMS messages for bank transaction confirmations. This enables users to get a comprehensive view of their financial transactions and activities across multiple bank accounts they operate.
It also provides a special feature to track your CIBIL score, and if it’s low, it offers suggestions on how you can improve it. This is very useful for individuals who are aiming to boost their score for future credit or loan options.
As an individual, you can use this app to track your monthly expenses and get detailed reports around it while still improving your credit/CIBIL score.
As a business, you can use this app to track your expense across multiple bank accounts and categorize them on a single platform which helps in understanding the flow of money and for tax purposes.
You can visit website at MoneyView.
Download Android App.
Fi Money
Fi Money integrates Artificial Intelligence into its tool, which analyzes financial transactions and provides users with spending insights by highlighting their spending patterns. It also offers AI-powered suggestions to optimize spending and improve savings. Additionally, it features a chatbot known as Ask Fi, which can answer questions related to credit, expense tracking, budgeting, and investments.
With its goal-oriented approach, you can set targets and track their progress, which encourages saving toward specific goals. To support this, it offers a unique feature called “Jars” that lets users organize their savings by setting aside money for specific objectives (e.g., emergency fund, travel, car, etc.) while earning interest on them.
As an individual, if you are planning to buy or fund a new car, you might use Fi Money’s Jars to set aside some money on a monthly basis without affecting your other savings.
As a freelancer or businessman, one can use its insights feature to track monthly expenses and categorize them by type. This tool’s goal-oriented approach also allows them to allocate funds before deadlines.
Visit webiste at Fi Money.
Download iOS App and Android App.
LazyPay
LazyPay is an expense tracking app which also offers BNPL (Buy Now, Pay Later) feature. It helps users in categorizing their expenses, set budgets and even sends alerts when they go over budget. App also provides users with visual dashboard to help them understand their expense habit and suggest areas for improvement.
LazyPay offers unique feature which is “Checkout in 1-click. Pay 15 days Later”. They have partnered with multiple merchants both online and offline.
Both business owners and individuals can use it and to track their expenses and gain helpful insights to understand their spending habits and improve on savings.
Visit website at LazyPay.
Download iOS App and Android App.