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Monitor Your Expenses Thru MoneyWise: A Review

Tracking expenses can be a bit tricky especially today when buying new stuff on impulse seems to be the trend. The problem though happens when you end up wondering where all your money went.

We have all experienced this especially when you are planning to buy something quite expensive and then when you look at your bank account, you find your funds to be lacking. With MoneyWise, you will not have to deal with this situation. MoneyWise will help you track all of your expenses without requiring high mathematical skills.

MORE: Click here for a great app to help manage your finances in 3 minutes.

One of the best aspects of this app is that it is available for both iPhone and Android making it more available to more users. Using it is also very hassle-free. When you open the app, you will be taken directly to the functions of the app and not some welcome address or registration procedure.

Right in front of you will be the specific fields for your expense: a title, a category/categories, tags, description, amount, clear or pending status, and whether it is an income or expense option. After entering the required info, just tap save. This app has a very simple interface that anyone can use it.

MORE: Click here to read our review on the best app to manage your finances.

The simplicity of use of this app is probably its best feature. With its upfront method, you don't have to expend a lot of energy going from one part to another in order to enter a transaction. This also means that you don't get a lot of extra or innovative features as well.

The graphics are very simple as well something that would not distract you a lot when trying to enter an expense. Some features are limited however if you get the free version instead of the paid one. You will have fewer categories, tags, and account options with the free ad-supported version.

So what are the things that you can do with MoneyWise?

  • MoneyWise allows you to view all of your expenses in detail. You do this by selecting the "list" option at the top. You can then proceed to choose which items to choose by selecting various filters such as tags, income or expense, or by its specific category. If you want an overview of your expenses, then select "balance" at the top and you will see just how much your total money is.
  • MoneyWise can also provide you with an easy-to-read overview of your expenses using its graph tool where you can see the percentage that each expense category occupies. Although some may not find it very helpful, it can help you track which particular expense is taking up much of your budget and make adjustments if you want. You can also make different budgets as well.
  • Lastly, it allows you to export data from the app. You can have either a .csv or an html format in order to transfer your budget information to other platforms.

MoneyWise is a very simple and functional application that is recommendable for people who want a fast and easy expense tracker. Although it lacks other functions that you can expect from this type of app, you will enjoy its direct and simple format. The interface is very simple and it can easily provide you with an overview of your total expenditures with just a few taps on your screen.

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Jes is a teen from Australia passionate about money and success. He loves writing new articles each day, usually while on the train to school. Read more. Let's be friends: Facebook / Twitter

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