The key to successful cost control is to keep track of exactly what you are spending. Most budgeting methods involve keeping receipts and notes to yourself, and then remembering to write all your costs down or enter them into the computer later that day or week. Usually though, some of them get missed, so, at best, you will get an approximation of what you spend.

The second important key to successful cost control, is to know how you are performing against your expectations. In other words, have you spent more or less than you budgeted for?

MoneyTrakka is an iPhone application that makes it simple to capture every expense and to quickly check whether you are within your budget.

Of course, you need to enter all your expense details, but now it’s easy. Are you shopping? Filling up with fuel? Going out to dinner? Just enter the expense, assign the category and save it in MoneyTrakka.

Checking whether you are within budget is so simple. One finger tap on the Budget button will show you a summary of the current budget period with total and categorised expenses. The colour bars will be green if you are within budget, and show red if over budget.

You owe it to yourself to try MoneyTrakka. Get control of your spending!

MoneyTrakka is an iPhone application designed to make it easy to enter and track expense and income transactions. Data can very simply be exported to a spreadsheet program for more detailed reporting and printing.

Because you typically have the iPhone with you when making purchases, simply enter the details of each purchase into MoneyTrakka when it happens. MoneyTrakka is optimised for efficient and quick data entry. The key to effective budgeting is to capture all your financial transactions. Moneytrakka makes this a reality.

Once the data is there, you can quickly see how much you are spending compared to what you’ve budgeted. MoneyTrakka supports varying budget periods, an optional passcode lock screen and recurring transactions.