iSpent+

According to Kautilya, a prominent economist in ancient Indian history, he asserted that a person who consistently spends more than their income will inevitably face financial bankruptcy. Hence, it's imperative for individuals to align their expenditures with their budgetary limits. iSpent aims to facilitate the monitoring of daily expenses in a straightforward and user-friendly manner. Its design ensures that even individuals with basic mobile knowledge can effortlessly navigate and utilise the iSpent+ app.
While many people keep track of their available funds, only a few diligently monitor their actual spending from their wallets or credit cards. Without such tracking, maintaining control over expenditures becomes challenging. This trend is particularly prevalent among Indians, who generally tend to spend in proportion to their earnings, often overlooking savings. iSpent primarily targets economically disadvantaged individuals in India, aiming to aid them in managing their finances effectively.
iSpent+ can be aptly described as a spending tracker or an expense tracker. Users can easily input expenses by selecting predefined categories and even include additional notes for each transaction, which will be visible in the transaction list. Furthermore, iSpent app provides the functionality to generate visual representations such as pie charts, offering insights into spending across different categories. Users can establish a monthly budget and subsequently monitor their expenses in relation to this predefined budget. The inclusion of the note section allows users to provide additional context to their expenditures.
iSpent+ also facilitates easy navigation through spending details, allowing users to move between the previous and subsequent months' data by clicking on the arrow marks located at the top of the interface. Notably, iSpent does not require mandatory mobile data usage, adding to its accessibility and user-friendliness.
iSpent+, An expenses and income tracker mobile app typically offers a range of features to help users manage their financial transactions and monitor their financial health. The data is securely stored in the mobile device's memory, and unauthorized access is denied. Here are some common features you might find in such an app:
Expense Tracking: Record and categorise daily expenses, such as groceries, dining, transportation, entertainment, etc. Set spending limits for various categories. View expense history and trends over time.
Income Tracking: Log various sources of income, like salary, freelance earnings, investments, etc. Track your total income and monitor income trends.
Budgeting: Create and manage budgets for different categories. Set financial goals and track progress toward them. Receive alerts when you approach or exceed budget limits.
Categorisation and Tags: Assign customisable categories and tags to expenses and income for detailed tracking and reporting.
Reports and Analytics: Generate various financial reports, such as expense summaries, income summaries, balance sheets, and more. Visualize spending patterns through charts and graphs. Analyse spending habits and identify areas for improvement.
Offline Access: Ability to use the app and make entries even when offline. Internet connection or mobile data is not required to use this app. The data is securely stored in the mobile device's memory, and unauthorised access is denied.
Customisation: Personalise categories, labels, and other settings to suit your financial habits and preferences.
Security and Privacy: Since the data is stored in your mobile device's memory, outsiders cannot access your data, ensuring a highly secure environment right in your hands. Storing data on the mobile device's memory means the data is physically present on the device itself. This reduces the exposure of data to external networks and servers, which can minimise the risk of remote attacks.