The Best Travel Budget Apps to Keep Track of Your Expenses
Traveling can be a lot of fun, but keeping track of expenses can be tricky. Luckily, there are many apps designed to help you manage your travel budget. Whether you're going on a solo adventure or traveling with a group, these apps can help you stay on top of your spending. Here are some of the best travel budget apps you should consider for your next trip.
Key Takeaways
- Travel budgeting apps can help you track expenses, set budgets, and plan trips.
- Choose an app based on your travel needs, whether it's solo travel, group trips, or work-related journeys.
- TravelSpend, Splitwise, and Batch App are great for group travel budgets.
- Expensify and SAP Concur are ideal for work travel.
- These apps can help you avoid overspending and make trip planning easier.
TravelSpend
TravelSpend is a fantastic app to track your spending while traveling. It's perfect whether you're planning your next trip or already on vacation. The app is simple to use and automatically converts spending to your home currency. You can even add friends to track expenses together.
Start by setting a budget goal. As you add your trip's various expenses, the app calculates your total and breaks it down by a daily average. The primary color scheme makes the expenditure graph easy to follow, helping you visualize all the places your money goes while you're on the road.
- Split costs: Share your trip with your partner or a group of friends and keep track of who owes whom. Split bills, check your balances, and settle debts all within TravelSpend.
- Gain insights from your spending: See your spending data visualized. You'll be able to analyze your spending so you can avoid overspending.
- Export your data: To create expense reports, you can easily export your spending data to a CSV file anytime.
This app is for travelers like you—whether you're a solo traveler, a couple backpacking together, or a group of friends on a weekend holiday. Try it now for free!
Splitwise
Splitwise is a fantastic app for managing shared expenses, especially when traveling with friends or family. It simplifies the process of tracking who owes what, making group trips much more enjoyable. With Splitwise, you can create groups where everyone can enter their expenses, and the app will automatically calculate how much each person owes.
Here are some key features of Splitwise:
- Supports over 100 currencies and 7 languages.
- Allows for easy itemization of expenses.
- Offers advanced features like receipt scanning in the Pro version.
One of the best things about Splitwise is its ability to create subgroups, which is helpful if only part of your group shares certain expenses. This way, you can keep everything organized without confusion.
| Feature | Free Version | Pro Version |
|---|---|---|
| Expense Tracking | Yes | Yes |
| Receipt Scanning | No | Yes |
| Advanced Charts | No | Yes |
| Currency Support | 100+ | 100+ |
| Language Support | 7+ | 7+ |
Splitwise takes the stress out of managing group expenses, allowing you to focus on enjoying your trip!
Expensify
Expensify is a versatile expense management app that is perfect for both individual and group travelers, especially those traveling for business. It simplifies the process of tracking and managing expenses by allowing users to document their expenses and take pictures of receipts. You can even submit your expenses to your manager or accountant directly through the app.
One of the standout features of Expensify is the Smart Scan feature. Instead of searching through your luggage for a missing receipt, you can just snap a picture of it, and the app will handle the rest. This makes it incredibly easy to share receipts with your accounting team for reimbursement.
Expensify also offers a GPS calculator that automatically tracks your eligible mileage, saving you the hassle of entering it manually. Additionally, you can create expense reports by scanning receipts or entering time worked, which is especially useful for billing purposes.
Expensify will donate $2 for every $1,000 in expenses to Expensify.org, supporting various campaigns around the world.
The app is free for up to five scans a month. For unlimited scans and additional features, you can upgrade for $4.99 per month per user. Expensify is available for download on both the Google Play Store and the iTunes App Store.
SAP Concur
If you're a seasoned business traveler, you might already know about the Concur suite. It's one of the most robust business travel solutions available today. Within the SAP Concur suite, there are separate modules for managing travel plans and submitting reimbursement requests for travel-related expenses.
Concur Expense’s ExpenseIt app makes it easy to take pictures of your paper receipts and automatically categorize them to submit as expense reports. Meanwhile, Concur Travel lets you book your own business travel or make arrangements with your company’s preselected airline carriers, hotels, and other providers.
SAP Concur offers travel management solutions for organizations of all sizes — from small businesses to enterprise leaders. Business owners and managers can try Concur Expense and Concur Travel for free. Individual users who have access to these tools through their employer can download the iOS or Google Play app to get started.
Batch App
The Batch App is perfect for those who love to plan. While it's mainly for bachelorette parties, you can use it for any group activity in participating cities. This app lays out great options for travel based on price. You don't have to search endlessly for different forms of travel that are independent of one another. The app helps you budget, plan, and book activities for dinner parties, group trips, birthdays, or bachelorette parties.
One of the standout features is the Ledger, which helps track group expenses. This way, you can see who owes what. Although the app doesn't handle payments, it makes managing group expenses much easier. The Batch App is free to use, but there is a processing fee when you book events.
Planning bachelor or bachelorette parties can be tough on both budget and group logistics. The Batch App simplifies things with its budgeting and planning tools, making vacations less stressful.
Trail Wallet
Trail Wallet is a fantastic app for tracking your travel expenses, especially if you are an iOS user. This app allows you to create unlimited categories for your expenses, making it easy to organize your spending. Each category is color-coded, which adds a fun and visually appealing aspect to budgeting. Unlike some other apps, you don’t need to pay for an upgrade to access more categories, which is a big plus.
Here are some key features of Trail Wallet:
- Unlimited categories for expenses
- Color-coded organization
- Easy to use interface
- Export data to PDF or CSV at the end of your trip
"Trail Wallet is great for tracking solo travel expenses, making it a top choice for individual travelers."
Unfortunately, Trail Wallet is not available for Android users, which limits its accessibility. However, for those on iOS, it provides a solid option for managing travel budgets effectively. If you’re looking for a simple yet powerful tool to keep your finances in check while traveling, Trail Wallet is worth considering!
Trabee Pocket
The Trabee Pocket app is a great tool for both travel budgeting and expense tracking. It has a user-friendly interface that makes it easy to set a vacation budget and track your spending in different categories. You can even add prepaid expenses to the "preparing" tab before your trip starts, which helps you keep track of flights and tours booked in advance.
Trabee Pocket also offers currency conversion, so you can see how much you're spending in your home currency. This feature is especially useful for managing foreign transaction fees and exchange rates. You can create custom categories for your expenses and add comments and photos to turn your receipts into a travel log.
Trabee Pocket is simple to use and can manage multiple currencies, making it a versatile choice for travelers.
The app is available for download on both iOS and Android platforms.
Tripcoin
Tripcoin is a fantastic app for keeping track of your travel expenses. One of its best features is that it supports over 150 currencies, automatically converting your spending based on current exchange rates. This means you don't have to worry about doing the math yourself.
The app's user-friendly interface makes it easy to set up a trip and break down your spending each day by expense category. You can see how much you're spending on transportation, meals, activities, and other travel expenses. This helps you stay accountable and on top of your budget at each destination.
Another great thing about Tripcoin is that you can use it without an internet connection. This is especially important if you're traveling through remote areas. The app also integrates with Dropbox, so you can back up your data in case you lose your phone.
Tripcoin is available for download on both iOS and Android platforms.
Goodbudget
Goodbudget is a straightforward app that helps you manage your money using the envelope method. This method involves dividing your income into different categories, like groceries, rent, and savings. Goodbudget is excellent for beginners who want to learn how to budget their money with a simple app.
Goodbudget offers both a free version and a Plus version. The free version allows you to create up to 20 envelopes, while the Plus version, which costs $8 per month or $70 per year, offers unlimited envelopes. The app is available on multiple devices and supports multiple users, making it easy to share a budget with family members.
Here are some key features of Goodbudget:
- Intuitive and easy to use
- Supports multiple devices
- Provides detailed reports
- Can import bank transactions
If you prefer simplicity and want to stay disciplined, Goodbudget is a great option. The app's envelope method helps you avoid overspending by showing a red alert when you exceed your budget.
Wally
Wally is a fantastic app for those who want to keep a close eye on their spending. It's available on both iOS and Android and offers a range of features to help you manage your budget effectively. The app is user-friendly and perfect for travelers who need to track their expenses on the go.
Wally allows you to categorize your expenses, making it easier to see where your money is going. You can also set budget limits for different categories, helping you stay within your spending goals. The app provides detailed reports and insights, so you can analyze your spending patterns and make informed decisions.
One of the standout features of Wally is its ability to sync with your bank accounts. This means you can automatically import your transactions, saving you time and effort. The app also supports multiple currencies, which is ideal for international travelers.
Wally is a great choice for anyone looking to manage their finances while traveling. Its comprehensive features and ease of use make it a top pick for budget-conscious travelers.
Here are some of the key features of Wally:
- Expense categorization
- Budget limits
- Detailed reports and insights
- Bank account syncing
- Multiple currency support
Conclusion
In conclusion, using a travel budget app can make a huge difference in how you manage your money while on vacation. Whether you're traveling alone, with family, or with friends, there's an app out there that fits your needs. These apps help you keep track of your spending, stick to your budget, and even split costs with others. By choosing the right app, you can focus more on enjoying your trip and less on worrying about money. So, before you pack your bags, make sure to download one of these handy tools to help you stay on top of your finances.
Frequently Asked Questions
What are travel budget apps?
Travel budget apps help you track your expenses, set budgets, plan trips, and split costs with your travel group. They are designed to make managing your travel finances easier.
How do travel budget apps work?
These apps let you input your expenses, set budget limits, and sometimes even categorize your spending. Some apps can also convert currencies and sync data with other users.
Which travel budget apps are best for group trips?
For group trips, the best apps are Batch App, Splitwise, and TravelSpend. They make it easy to split costs and track group expenses.
What are the best apps for work travel?
Expensify and SAP Concur are excellent for work travel. They offer features tailored to business needs, like receipt scanning and expense reporting.
Can these apps help me save money?
Yes, by tracking your spending and setting budget limits, these apps can help you avoid overspending and stick to your budget.
Do these apps work offline?
Some travel budget apps offer offline functionality, allowing you to track expenses without an internet connection. However, features like data syncing may require an internet connection.
