Question

This week you will investigate expense tracker applications that can assist you with keeping track of your cash inflows and outflows. This resource can be available in any electronic media, including mobile app, PC app, website supporting data collection and calculation, etc.

Next, use the app/calculator to track cash inflows and outflows for a trail period, and form a view of its purpose and benefits in helping you track your cash flows during the semester.

On the discussion forum, please provide a link to your reviewed resource [so that other students can locate it!] and a bibliographical citation for your resource (using APA format). Please provide a minimum of a 100-word essay of the results of your trial use of the app/calculator, noting the purpose and benefits of the app, both positive and negative. Also indicate whether you will use this app/calculator, or another one based on the results of your trial and the reviews posted by other students in this forum.

Answer 1

Particular	Expenses (RS)	Income(RS)
Total amount collected		25000
Advance paid to driver	1000
Petrol	5000
Toll charges	1800
Food	4000
Room	2200
Driver charge	800
Vehicle amount	10000
Total	24800	25000

The above table shows the expenses that we made while on a trip with friends.

This app is in my iPhone which is an in build app. This app helped me to check all the expenses made by me during our trip for each and every particular. This app is every useful for us to keep a track on our expenses and also the incomes we get in a month. Using that app we can try to avoid all discretionary expenses or we can reduce them.

The only negative is that in that app we have to enter every particular seperately as we will not have all the particular which we may use in our day to day activities. If we enter wrongly there is difficulty in deleting that value as the whole particular should be deleted again.