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AI Insights · Timothy · October 2024

Top 5 Personal Finance Budgeting Apps in Australia: Q3 2024 Performance

Explore the performance trends of Australia's top personal finance apps in Q3 2024, with insights into downloads, revenue, and active users.

Top 5 Personal Finance Budgeting Apps in Australia: Q3 2024 Performance

In the third quarter of 2024, the personal finance budgeting and planning apps market in Australia showcased interesting trends across leading applications. This analysis, based on Sensor Tower data, reveals how these top apps fared in terms of downloads, revenue, and user engagement.

Splitwise showed a gradual increase in weekly revenue, peaking at approximately $2.3K in early September before a dip at the end of the month. Weekly downloads remained relatively stable, hovering around 5.4K, while active users fluctuated slightly, ending the quarter at around 29K.

WeMoney: Pay off debt faster experienced a notable peak in revenue by mid-July, reaching approximately $2.5K, followed by a slight decline toward the end of the quarter. The app's weekly downloads started strong at 4.5K but saw a reduction, stabilizing around 3.6K by September's end.

For Buddy: Budget Planner App, weekly revenue showed a modest peak at $938 in late July. Downloads began at 2.2K, gradually declining to about 1.7K by the end of September. Active users decreased slightly throughout the quarter, closing at approximately 3.3K.

The Kit - Pocket Money App & Card had consistent download numbers, starting at 1.8K and ending at 1.4K. However, there was no revenue data available for this app, indicating a focus on user acquisition over monetization during this period.

Lastly, WiseList had negligible revenue with only minor fluctuations. Downloads began at 1.5K, with a slight decline over the quarter, ending at 1.1K.

For more detailed insights and analytics on these apps, you can explore further data on Sensor Tower's platform.


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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: October 2024