Take Control of Your Finances With MoneyWell

For most people, the idea of having a simple, clear budget is appealing. We all want to know how much money we have to spend, and we’d all love to end up with more cash left over at the end of the month. But for people looking for a great app to help them track and manage their finances, the choices have been slim.

Thankfully, MoneyWell has come along, providing a financial management app that is easy to learn, easy to use, and full of features to get you in control of your money. Head past the break to learn more about this app, and maybe start the path to financial peace!

Welcome To Moneywell

Upon launch, users of Apple’s iWork or iLife applications will feel instantly at home looking at MoneyWell’s welcome screen. The giant buttons on this screen make it easy to start using MoneyWell. Choose from a sample document to familiarize yourself with the app, or if you’re feeling brave, you can start a new document from scratch.

Welcome to MoneyWell!

MoneyWell will step you through connecting your internet banking (if supported by your financial institution,) allocating your money, and creating a spending plan in no time!

The Proof Is In The Window

The developers of MoneyWell take great pride in the application’s single-window interface, and I can’t blame them. MoneyWell keeps everything you need in one giant window, making the app easy to navigate and learn.

The proof is in the window.

The best part of MoneyWell’s interface is how natural it will feel to people who’ve spent any amount of time on the Mac prior to using MoneyWell. A lot of work has gone into making this app feel like a natural part of your Mac.

The Envelope Is Dead; Long Live The Bucket!

Many people have found tremendous breakthrough in their finances by employing the “envelope system.” The method is simple: cash your paycheck, and divvy the funds into different envelopes, each one labeled according to your specific types of expenditures. $40 into “Dining,” $50 into “Gasoline,” and so on. If you know where your money goes, it becomes easier to curb impulse spending and to stay under budget.

Time to make your bucket list.

The problem is, in our world of direct deposit and electronic checking, very few of us cash our paychecks. MoneyWell brings the envelope system into the modern age with its chief tool: the Bucket. Choose from a list of default recommendations, or even create your own buckets. This way you know exactly where your money needs to be, and MoneyWell can help you spend it correctly.

Let It Flow

The added bonus to MoneyWell’s bucket system is its “money flow” feature. These “flows” function like cash transfers between accounts, letting you dynamically re-allocate funds if need be. Feel like seeing “True Grit” again, but out of money in your Entertainment bucket? Then setup a flow from “Dining” to cover your ticket. But be careful, because you won’t have as much left for Sushi afterwards.

Let your money flow!

These flows help you not only shift money between buckets, but will help curb impulse spending as you see the impact that extra expenditures have on your overall budget.

The MoneyWell Experience

I’ve been using MoneyWell for a little over a week now, and already I can see the impact this app is having on my finances. For starters, I know where every dollar I spend is actually going, so my days of frustration wondering “where did it all go” are over.

Second, MoneyWell’s bucket system is the perfect way to create a realistic, satisfying budget that will allow you to live comfortably, but still spend wisely.

Lastly, for iPhone users like myself, No Thirst makes a brilliant mobile version of MoneyWell, designed to sync up with the Mac version. This way you can track your expenditures on the go, as they happen, instead of filling your pockets with receipts and trying to find time to enter them all back into MoneyWell for Mac.

Overall

MoneyWell is the best solution I’ve come across yet for managing personal finances on the Mac. You’ll spend less time learning the app and more time using it, and best of all, MoneyWell will actually help you develop a comfortable, realistic budget that you can actually stick to.

With a free trial available from the No Thirst website, it’s the perfect time to get your money in check; download MoneyWell today and start filling your buckets!


Summary

Powerful personal budgeting and financial management in a simple, easy to use application.

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  • Chris Laurent

    Try Squirrel, a little known financial (as in personal finance) app (not using the envelope method though). It works a treat and it’s drop-dead gorgeous.

  • Chris Wanja

    How does this compare to iBank?

  • http://thedroiddemos.com Brent Klauck

    How do users of this feel this compares to just using Mint? Seems like Mint has a lot more features and is cloud based.

    • Chris Wanja

      I hated Mint after it was acquired by Intuit. If they were ever to go to a app I would probably come back to it. I have found that iBank works very well for personal finances though it is probably over packed for those who just need a basic functionality app.

  • Juz

    So happy to see Moneywell reviewed, as for me it is the best solution out there for Mac. So much so, that for a while I considered writing this review myself and sending it to appstorm!

    I spent years searching, all the standard MAc variants, and many new up and comers. For a while, Liquid Ledger and Moneydance had their time in the sun, but it has been nothing but Moneywell for 2 years now.

    Strengths: single window display, good keyboard shortcuts, great instant filtering (e.g. choose 4 buckets across 2 accounts and 3 months all in one window, all with dynamic totals), great selection of auto downloads, flows work well.

    Weaknesses: bit light on inbuilt reports (byt thats mainly because you can do so much with filters); learning curve a touch higher, and I find the iPhone client to be a bit lightweight — good for on the go, but not cloud syncing, and no iPad version you could work from exclusively.

    Heartily recommended!!!

  • eleanor

    There are a lot of these personal finance apps around at the moment. I can’t say the average price offhand, but 50 dollars for a single license does seem a bit steep.

    Anyway I’d like to chip in and add my personal preference too – I use moneyGuru daily, which I don’t think I have ever seen anyone review, or even mention, anywhere. It’s great though, meets my needs exactly. I use it more for keeping a record of all my income (because I’m a freelancer, I was finding it difficult to keep track of all my monthly payments from 20+ different clients and projects, in different currencies to several different accounts.. major headache) and outgoings than budgeting, though it does have a budgeting feature. All the stuff I need is there, with just the right amount of depth and customization and little of the extraneous padding that tends to turn these apps into bloatware. Nice dock icon too.

    Despite feeling very Mac-like it is multi-platform (just realized this).

  • Karel Dries

    I’ve been using YNAB for a while now and I couldn’t possibly live without it anymore.
    It runs on all platforms so I can use it at home (MBP) and at work (Windows machine), has one of the best interfaces I have ever seen and support is excellent.

    It has yet to crash on me, the reporting functionalities are just plain fun :) and they have a great introduction / tutorial anyone could benefit from even without using their software.

    Not sure about MoneyWell, it does look similar but I am not looking for a replacement for YNAB, so I won’t be trying it out anytime soon. Not too sure the one window approach is the best one for this kind of software.

    Just my two cents.

    Best regards,

    Karel

    • Juz

      I did have a look at YNAB just a little while ago, but got put off by it being Adobe Air based. Is that still the case, or did they make it native Mac App?

      Money Dance had the same issue, a cross platform app that just lacked the spit and polish of pure Mac apps.

      • Karel Dries

        I was actually not to keen on it being an Adobe Air app either, but I must say I really haven’t found any downsides to it apart from Air updating regularly which I suppose isn’t a bad thing either.

        The interface is really polished in my opinion and might as well be a native Mac app when it comes to UI. It is the best looking app on my pc at work anyway :)

        The guys at YNAB actually update the application continuously and improve the interface from time to time as well.

        Regards,

        Karel

  • Yehohanan82

    What about Cashculator ?

  • ibrahimzen

    I still can’t justify why these apps are better than Mint. I know one of Mint’s downfalls is that it is being web-based. But so much automated transactions, analysis…etc that I find helpful compared to many other apps.

    I used Cha-Ching before, sadly the developers dumped it, and I have tried many others, including iBank which I like and is my 2nd option if I switch from Mint.

    i didn’t like Moneywell, honestly I haven’t spent much time on it. Maybe the UI put me off a bit. But I will give it another shot.

    My main concern is automated pull down of my transactions through my bank account.

    Thanks!
    -ibrahim

    • Juz

      I agree that if you just need auto pull downs and an ability to see all your transactions across your account, Mint is great option, and most polished web app out there (if you are okay with them selling to you constantly).

      For my purposes, Mint failed in (a) how often I had to reauthorize my accounts, where updating had stopped; (b) being able to make changes to large amounts of data/categories at once (web form update slows you down there); and (c) lacks the filtering options of Moneywell, which is just a few clicks in MoneyWell, not a query building interface. (d) the esoteric fears of leaving it all in the cloud

      May have to put YNAB on the back burner for a later try. Just hate having to trust Adobe in that equation also….

  • Wade Emmert

    MoneyWell is incredible. Besides the software (which is great) the company produces helpful video tutorials to help you get the most out of MoneyWell. Highly recommended. And the iPhone app is great too!

  • Gosha Gorin

    Well, I’m use MoneyWell since 2007. Despite the fact that last release interface overcomplicated sometimes, and my system slowdown sometime (very very rare), I think it worth the money. I use MoneyWell with Numeric Notes, one for finance tracking, other for finance calculations. And I completely satisfied with them.

    I still believe new releases will provide more clear interface. If you have some doubts about it, I highly recommend you to try it.

  • http://ipadstory.net iPad Story

    Which one better? MoneyWell or iBank? we still confuse with it.. can anybody give me nicely explanations?

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