MoneyWell : Personal Budgeting

Description

MoneyWell is a personal finance package built around the concept of envelope budgeting. It's designed to keep you from overspending by using proactive budgeting techniques. It also helps you direct your extra money to debt reduction and savings so you end up with a nice cash buffer for emergencies and a more stress-free life. oo many other financial tools rely on end of the month budget reports to keep your spending in line, but by that time it's too late to fix anything. We call this regret-based budgeting, where you print reports and then regret not sticking to your plan. It's a broken system that most people can't use. With MoneyWell, there's one simple rule: Spend only what you have in your buckets. MoneyWell will help you by allowing you to create a spending plan and then telling you how much you need to save in each bucket category to meet your goals. Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Reviews

same ole same old

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!!

By Ancient Traveler

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Envelope budgeting at its best

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.

By ctyankee

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