When you’re starting a business, you need all the cash you can get. Unfortunately, it’s still extremely difficult to keep your day-to-day spending down.
The Pennies iPhone app is a simple solution. It allows users to track their everyday expenses and monitors whether or not you’re under or over budget.
Users simply type in how much they’ve spent in a particular category, add a specific note to the expense and then add it to the monthly total. The app then displays a graphic of how much you’ve spent.
While the app has fewer features than several of the other finance apps available, it gathers expenditures and calculates them in a simple and efficient way. If you track your spending for a month, you might be surprised at how much you can cut down.
The app costs $3.99.
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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