Expense Tracker – Expense Tracking Software

See where you spend

Effective budget planning starts with understanding how you spend your money and evaluating your current spending habits. To do this, you will need to track your expenses, or spending.  We suggest that you track your spending for at least three months to get a better estimate of your spending habits. moneyStrands makes personal budgeting easier by automatically tracking your expenses and organizing all your financial accounts in one convenient place. It automatically sorts your expenses into helpful categories, such as “Auto” or “Groceries,” so you can quickly spot which expenses are getting out of hand and determine the best places to save.

Types of Expenses

As you start tracking your expenses, it is helpful to break your spending into different categories.  There are two main categories of expenses: Fixed and Variable.  Fixed expenses are expenses that are required for living. Examples of fixed expenses are your mortgage or rent, car loan, personal loan and anything else that cannot be easily changed or eliminated each month.  Variable expenses are the extra things you spend your money on, these expenses can be changed or eliminated entirely.  In addition, essential expenses may be broken down into fixed expenses and variable expenses.

Cut back on your expenses


Since it is much easier to reduce variable expenses than it is to reduce fixed expenses, this is where you should start to cut back. moneyStrands simplifies this process by sorting your transactions into meaningful automatically organized categories, such as “Shopping” or “Gas,” then charts and graphs it, so you can quickly spot if you are spending your money too quickly. Our expense tracking software even lets you compare your spending with other people who share similar background so you can see how much they typically spend and identify the places where you could save.

Track expenses anytime, anywhere


moneyStrands is an easy-to-use online expense tracking software that allows to track your expenses, income and savings anywhere and anytime. It can send you an email or SMS message whenever your balance is low or you approach the budget limit to help you avoid any unwanted financial surprises.

Create Free moneyStrands account in a few minutes

Set up is very simple and usually takes only a few minutes. All you need is to create anonymous moneyStrands account, then add your bank, credit card or mortgage account. moneyStrands is 100% FREE!

MoneyStrands sorts your transactions into meaningful automatically organized categories, such as “Groceries” or “Gas/Fuel”, then charts and graphs it, so you can quickly spot if you are spending your money too quickly. Our expense tracking software even lets you compare your spending with other people who share similar background so you can see how much they typically spend and identify the best places to save.

What is moneyStrands?

moneyStrands is a FREE and easy-to-use personal financial assistant for busy people who want more control over their financial lives. It automatically gathers data for all the financial accounts you want to track, including savings, checking, and credit cards, to give you an up-to-date, accurate, unified view of your finances. moneyStrands goes beyond providing financial analysis tools by also providing personalized money-saving advice and recommendations, and lets you compare yourself with people who share your background and financial goals. In addition to automated bank feeds, moneyStrands recently added the capability to manually upload your transaction history files (and even to type them in one at a time) delivering the highest flexibility in handling your financial needs.