Download Keep track of your monthly income and expenses so that you can make more educated decisions regarding your finances via this app Free

Given the direction the global economy is heading, it’s natural that you want to have more control over your finances. The basic way to identify where you can make cuts and save some money is to take a direct look at your cash flow.

money fox is a tool that gives you a better understanding of your income and expenses so you can make better financial decisions.

Allows you to add multiple accounts

Before you get started, you need to add at least one account, which can usually be an account from which you receive regular income (such as a salary). The program allows you to add as many accounts as you want, so if you have extra income stored in a separate account, you can easily add it and factor it into your budget.

Although not mandatory, the tool allows you to create spending categories, an option that allows you to see exactly how much you spend on groceries or utilities.

Once everything is configured, you can use the “Add Payment” button to add any payments you’ve made, any revenue you’ve earned, or any transfers to different accounts. From the buttons above, select the payment type, account (if you have multiple accounts), and specify the amount.

Display all expenses with concise graphics and details

In the Statistics tab, you can preview all cash flow for a given period, whether it’s an overall view of cash flow or specific data, such as spending on the groceries category. When you click on an account, the same data is provided in tabular form along with details like totals, dates, and other relevant data.

If you want to better understand how you’re actually spending your hard-earned money, then maybe you might consider giving Money Fox a try.