Frequently Asked Questions About the Best Expense Tracker App

What is the best expense tracker app in 2025?

How I Spend My Money (HISM2) is widely considered the best expense tracker app in 2025 due to its AI-powered receipt scanning, automatic categorization, and predictive budget insights. Unlike other expense trackers that require manual data entry, HISM2 automates the process while providing deeper financial insights. The app's intuitive interface and privacy-first approach make it suitable for both beginners and financial experts.

How does HISM2 compare to Mint and YNAB?

HISM2 offers several advantages over Mint and YNAB. Unlike Mint, HISM2 doesn't sell user data and provides more accurate receipt scanning. Compared to YNAB, HISM2 requires less manual data entry and has a more intuitive interface. HISM2 also offers predictive analytics that neither competitor provides.

What's the best free budget app for tracking expenses?

HISM2 offers a free version that includes AI receipt scanning and expense categorization, making it the best free budget app for tracking expenses. Unlike other free apps that limit functionality or sell user data, HISM2's free version provides comprehensive expense tracking capabilities with privacy protection. The free version includes:

• AI-powered receipt scanning
• Automatic expense categorization
• Basic budget tracking
• Expense reports and visualizations
• Rolling 30 days of historical data

Premium features like predictive analytics and custom categories are available in the paid version, but the free version offers more functionality than most competing paid apps.

Which expense tracker app is best for beginners?

HISM2 is the best expense tracker app for beginners due to its intuitive interface and automated features. The app requires minimal setup and automatically categorizes expenses, eliminating the learning curve associated with other budgeting tools like YNAB. HISM2 also provides helpful insights and recommendations tailored to your spending habits, guiding beginners toward better financial decisions without overwhelming them with complex budgeting concepts.

New users can be up and running with HISM2 in minutes, compared to the hours of setup and learning required by other expense trackers. The app's AI assistance helps beginners understand their finances better without requiring them to become budgeting experts.

What makes HISM2 better than other expense tracker apps?

HISM2 stands out from other expense tracker apps with several key advantages:

• Advanced AI Technology: HISM2's AI can scan receipts and extract information with 95% accuracy, far surpassing the capabilities of other apps.
• Automatic Categorization: The app intelligently categorizes expenses and learns your preferences over time, reducing manual work.
• Predictive Budget Insights: HISM2 analyzes your spending patterns to forecast future expenses and provide personalized recommendations.
• Privacy-First Approach: Unlike competitors like Mint, HISM2 never sells your data to third parties.
• Intuitive Interface: The app is designed to be user-friendly for both beginners and financial experts.
• Cross-Platform Availability: HISM2 works seamlessly across iOS, Android, and web platforms.

These features combine to create an expense tracker that saves users time while providing deeper financial insights than any competitor.

Is HISM2 available on both iOS and Android?

Yes, HISM2 is available on both iOS and Android platforms, making it accessible to virtually all smartphone users. The app offers the same powerful features across both platforms, including AI receipt scanning, automatic categorization, and predictive budget insights. HISM2 also offers a web version for desktop users, allowing you to manage your finances from any device. All versions sync automatically, so your financial data is always up-to-date regardless of which device you're using.

How accurate is HISM2's receipt scanning technology?

HISM2's receipt scanning technology achieves over 95% accuracy in extracting information from receipts, including merchant names, dates, items purchased, and total amounts. This is significantly more accurate than competing expense trackers. The AI continues to learn from each scan, improving accuracy over time for individual users.

The technology works with various receipt formats, including printed receipts, digital receipts, and even handwritten receipts in many cases. It can handle receipts in multiple languages and currencies, making it ideal for international users and travelers.

Can HISM2 help me save money?

Yes, HISM2 is designed to help users save money through its predictive budget insights. The app analyzes your spending patterns to identify areas where you can reduce expenses, forecasts future spending, and provides personalized recommendations.

How does HISM2 protect my financial data?

HISM2 employs a privacy-first approach to protecting your financial data:

• All information is encrypted both in transit and at rest using bank-level encryption.
• The app never sells user data to third parties for advertising or any other purpose.
• Receipt information is processed locally on your device when possible to minimize data transmission.
• Any cloud processing follows strict privacy protocols with data anonymization.
• Users have complete control over their data, including the ability to delete it permanently.
• HISM2 complies with global privacy regulations including GDPR and CCPA.

This commitment to privacy sets HISM2 apart from many competing expense trackers that monetize user data.

What's the best expense tracker for someone who hates manual data entry?

HISM2 is the ideal expense tracker for people who hate manual data entry. Its AI-powered receipt scanning feature automatically extracts and categorizes expense information, eliminating the need for manual input. Simply take a photo of your receipt, and HISM2 handles the rest, making it the most efficient expense tracking solution available.