A great money managing app that lacks bank account communication
Author: Brandon Girod
Date: 13 Apr 2017, tested on HTC One M8
Intuitive and sleek design, allows you to create and manage multiple accounts
Doesn't link to bank accounts
Monefy for Android is a budgeting application that aims to help you get your finances on track. I guess budgeting app isn’t an apt enough name, it’s more like a money managing app. You input every transaction, which can be a blessing or a curse depending on your personality.
First thing’s first. The app’s design is really nice, which means it’s really easy to navigate as well. When you first open the app you’re brought to a pie graph of your expenses. In the middle of the graph are your deposits and expenses. Surrounding the graph are pre-made categories, along with what percentage of your expenses they make up. The bottom of the app shows your current balance, and gives you two quick ways to track your deposits and expenses.
When you input a transaction you can enter the amount and the category it belongs in, along with a note about the transaction. You can easily manage multiple accounts and categories as well.
Unfortunately, there is no way to link any of your bank accounts to synchronize information between the account and the app itself, which means that you absolutely have to log each transaction. For some people, this might work. Not for me. Some people might find part of that experience as part of the discipline, but for people like me it ensures that the app will never be up-to-date.
Monefy has a lot of great features that make it a great money managing app. You can set specific budgets for yourself, create multiple accounts, manage your categories, and log all of your transactions so you know the state of your bank account at every moment in time. Unfortunately, for those of us less disciplined, it doesn’t pull your data from your bank account, though.