A budget tracker app allows users to manage their finances better. They can input everything that they plan to spend on in great detail. They can allocate limited resources in a more logical manner.

The app will also prevent them from overspending so that they can save a bit of money at the end of each month. As long as people can stick to the budget they made, they can be certain that they are on the right track.

After a while, the app will have substantial data to create graphs of your spending habits. You can gain insights from the patterns that emerge. You can make adjustments that will help you to inch closer to you financial goals.

You might also be able to make projections into the future. Given your current savings rate today, you can figure out how much you will be able to stash in your bank account in one year, 5 years, 10 years, and beyond.