iPhone App of the Week: Pennies

When you’re starting a business, you need all the cash you can get. Unfortunately, it’s still extremely difficult to keep your day-to-day spending down.

The Pennies iPhone app is a simple solution. It allows users to track their everyday expenses and monitors whether or not you’re under or over budget.

Users simply type in how much they’ve spent in a particular category, add a specific note to the expense and then add it to the monthly total. The app then displays a graphic of how much you’ve spent.

While the app has fewer features than several of the other finance apps available, it gathers expenditures and calculates them in a simple and efficient way. If you track your spending for a month, you might be surprised at how much you can cut down.

The app costs $3.99.