There are two basic issues I’ve run into with tracking expenses on the iPhone. The app you use should keep the taps to a bare minimum. And free doesn’t mean what it used to mean.
Free With A Catch
Using the Cents app on my iPhone is a lesson productivity and reading the fine print. Cents is free. It tracks expenses and the user interface couldn’t be easier unless it was run by Siri.
Unlike most money tracking apps, Cents is here simply to track expenses simply, so it has a bunch of presets which reduce the number of finger taps to record a new expense.
For a typical purchase, just tap one of the eight Cents category buttons and enter the amount.
That makes it remarkably easy to record expenses for small items from lunch, drinks, apps, whatever you spend a few dollars on but want to know where all the money went.
Considering Cents is free it’s remarkably easy to use for the little things that add up.
Check out the elegant interface.
Select the expense category in Cents from the buttons at the bottom of the screen.
Then, simply enter the amount of the expense. Cents tracks everything.
The eight buttons at the bottom are fully configurable, too, so you’re in control of the expense categories.
Cents also displays statistics for each month, and all you need to do is scroll to see a list of recently recorded expenses.
What’s wrong with Cents? It’s free, yes. But only up to 15 recorded expenses. If you want more, you pay more. Unlimited expenses is $1.99. So, the free Cents is really more like a trial version of Cents; free to trial but not to use beyond the limited number of recorded expenses.
This kind of free trial with an upgrade to full usability is more common in Apple’s App Stores these days.