By Diligent Robot
why oh why cant this industry figure out how to make a simple aggregate app to Budget by? i have tried over 55 apps and used quicken for years until it became a joke in the past 5 years. again its usually the same answer these apps cannot auto catorigize catagories or buckets as this one puts it. i download transactions and have over 695 uncatorigzed. im not doing this by hand!! so just another connected app with no real use thanx a lot!!
If you are familiar with the envelope approach to budgeting, this is what you want. If you are not familiar, this is still a great finance tool. It is based on setting up a budget using buckets (envelopes). Each month/week (you set the pay period) your income fills the bucket. Expenses reduce the buckets. Next cycle more is added. What sets Moneywell apart is that the balance carries over. Overspend by $100? You have $100 less the next cycle. Most other budgets only show you month by month so you can't see what you really have to spend (or how much you've overspent). It also does a great job with simple account balances, reconciling, and the usual financial tracking. I've been using Moneywell for over 10 years. There were the dark years when the original developer sold Moneywell to someone else. For whatever reasons Monewell really fell behind. Sync broke and updates stopped happning. Fortunately the new development team has been far better. They fixed the issues, took their time, and got it back to its former greatness. If you see negative reviews out there from the last few years, those days are over.