The people behind Disco and AppZapper have a newly developed application that would work for Apple Inc.’s iPhone. This new application is called Pennies.

Pennies let the users manage their monthly budget just by using the Apple Inc. devices such as the iPod Touch and the iPhone. If this is your first time to launch the Pennies, you will be welcomed with the budget screen called This Month. This is where the user can set their monthly budget. They would also see how much they have spent, view the top expenses, as well as their yearly statistics.

At the tab called Expenses, the user may easily edit, add, or even annotate their expenses. If they would add an expense, users can select a particular category before they can enter the amount. There are 10 categories in this tab. Some of these categories include Groceries, Food, Personal, Electronics, and General.

Each and every time that a user enters the amount and then save the expense, the amount will be automatically deducted from their budget. As a result, the fuel gauge-like part of the application will move going to the Empty line on their monthly budget’s screen.

The application can be downloaded from the App Store for only $2.99.