Australia’s Best Money Management Apps

How do you manage your money? Do you manage your money at all? From writing down your expenses to setting up Excel spreadsheets, there are countless ways to stay on top of savings and spendings. But, we are in the digital age now. Everything is at our fingertips.

More and more Australians are using money management apps for their convenience of use and accessibility. Let’s take a look at the best money management apps for Australians.

Raiz Invest

Cost: App is free but there is a monthly fee ($3.50 per month for balances under $15,000)

Availability: Android and iOS

Raiz Invest is an investment app that links to your bank account. When you spend, Raiz rounds up your transaction to the nearest dollar and invests that change for you in a diversified portfolio (EFT) at your chosen level of risk. As this is an investment portfolio, it is subject to market fluctuations. You will also need to pay tax on all realised capital gains.

Raiz App


  • Choose from 8 investment portfolios based on risk
  • Get a percentage back on your shopping via Raiz Rewards loyalty program
  • Less risky alternative to investing in stocks


Cost: Free

Availability: Android and iOS

Splitwise isn’t Australian, but still useful for those people who need to split expenses. Great for flatmates who need to keep track of who owes what. Splitwise keeps a running total of how much is owed and it also emails reminders when expenses like the rent are due or when you forget to pay someone back.

Splitwise App


  • Split household expenditures with your roommates
  • Keep track of random IOUs, apartment bills, group trips, etc. with email notifications
  • Everyone can log in, see their balances, and add new expenses


Cost: Free

Availability: Android and iOS

Expensify allows you to scan receipts and track time or mileage for tax deductions. What’s cool about Expensify is that it pulls information from the receipts including date, time, amount, and merchant and puts it all into a CSV file ready for your accountant at tax time. Expensify also categorises and codes each receipt and submits business expenses for approval and reimbursement.


  • Tracks and submit receipts and expenses in any currency
  • Mileage and GPS tracking for car and travel deductions
  • Accounting integrations with QuickBooks, Xero, NetSuite, Intacct, and more

Good Budget

Cost: Free (Upgraded version $8.00 per month/$70.00 per annum)

Availability: Android and iOS

This app uses a virtual version of the old-fashioned envelope system to help you budget your money. Track expenses, monitor savings goals, sync with your partner, monitor cash flow and analyse spending patterns. Managing your budget has never been easier with the proliferation of apps and mobile tools available.

Goodbudget app


  • Syncs and shares household budgets across all devices
  • Let’s you plan ahead and be prepared for big expenses
  • Tracks your debt payoff progress while still setting aside money for other things


Cost: Free (Upgraded versions from $7.00 to $20.00 per annum)

Availability: iOS and Android

UBOMI provides all the tools you need to help you with your financial goals. With effortless function, UBOMI puts you in the driver’s seat. Set and accomplish your goals, rid yourself of debts, and see your progress along the way. Credit cards, loans, mortgage payments, superannuation – UBOMI populates all your finances into an easy-to-manage space.


  • Connect all your accounts into a consolidated view so you know where you stand.
  • Categorise your spending to manage all your incomings and outgoings
  • Create a specific budget and track your progress against any short and/or long-term financial goals you’ve set

Why is a Good Expense Tracker App Important?

Tracking is a great way to monitor your spending. Using a good finance app or expense tracker will encourage you to change your financial habits for the better. The best budget apps on the market will show how much you’re spending and alert you if you’re going over.

The expense tracker app that you decide to use should analyse both your income and expenses and is adaptable enough to adjust to achieve your savings goal, among others. Whether you are preparing your monthly budget and sticking to it, or gathering purchases to top up your savings account, a money management app can help.

Which App is Right for You?

While all are great, some have various options that may better maximise your ability to save. The best part is, most of these apps are free, so it’s as simple as downloading one and trying it out.

Remember, if experiencing financial difficulty, Cigno can be a source of assistance. We offer same-day loans to those in need, regardless of the situation you find yourself in. Got a bad credit rating? No problem. We have a quick and painless application process, as well as a high approval rate for all borrowers. Everyone needs a hand from time to time, and we are here to help you land on your feet.

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat