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The Zalo expense tracker is one of the most effective and free tools for managing personal finances. In this article, Mytour shares how to use the Zalo expense tracker for simple and convenient financial management.
I. What is the Zalo Expense Tracker?
The expense tracker is a Mini-App built into the Zalo app, designed to assist users in managing their personal finances. It works directly within the Zalo app, requiring no downloads or internet connection.
The Zalo expense tracker acts as a data summary between a person’s income and expenses. From this summary, users can clearly see their monthly spending and adjust their budget to avoid overspending. The Zalo expense tracker is gaining popularity among young people as a tool to optimize living expenses and manage personal finances on the path to financial freedom.
While other modern expense tracking apps may require users to pay or feature numerous ads, the Zalo expense tracker is completely free and ad-free.
II. How to use the Zalo Expense Tracker for Personal Finance Management
To use the Zalo expense tracker, you need to activate it within the Mini-App to make it appear in the app. Once the expense tracker is available, you can quickly access it through the Explore section.
Step 1: Open the Zalo app and select the Explore (1) tab.
Step 2: Enter Expense Tracker (2) in the search bar and choose the Expense Tracker (3) option.
Step 3: Finally, click Allow (4) to activate the expense tracker on the Zalo app.
You have now successfully activated the expense tracker, and you can begin using it to track your income and expenses for the month.
1. How to create a wallet in the expense tracker
To get started with the Zalo expense tracker, you need to create a wallet to allocate your funds for the month. Zalo allows users to create multiple wallets for better management. You can set up a main asset wallet or smaller ones like: Living Expenses Wallet, Fashion Spending Wallet, Work Expenses Wallet, etc.
Step 1: In the main interface of the Zalo Expense Tracker, select the Create Wallet Now (1) option.
Step 2: Enter the wallet balance and give your wallet a name (2) to begin tracking assets for future income and expenses transactions.
Step 3: Click Save (3) to complete the wallet creation process.
2. How to create an expense entry in the personal finance management tracker
Expenses are the amounts you need to pay for various services or purchases, and this section is widely used by many. To create expense entries in the Zalo Expense Tracker app, follow these steps:
Tap the Add (+) icon, then enter the amount for the expense, a description of the expense, and select a category for the expense (2). Afterward, click Save (3) to add the expense to your list.
After adding all your expenses, you will see an expense summary chart. From there, you can reassess your future spending to make the best adjustments.
3. How to record income in the personal finance tracker
In addition to expenses in the expense tracker, you also have income from business, bonuses, interest, etc. To add your income for the month, follow these steps:
Step 1: Select the Add (+) icon in the income and expense tracker and enter the amount of your additional income.
Step 2: Next, select the group and move to the 'Income' section. Here, the financial ledger will suggest various income categories like: Salary, Bonus, Interest, Gifts, Other income, etc.
Once all the required details are filled in, click 'Save' to add the income amount to your total balance in the wallet.
In this article, Software Tips has shared how to use the Zalo expense tracker to manage your family finances. Wishing you a wonderful day ahead!
