Finance app with social features
Author: Brandon Girod
Date: 12 Apr 2017, tested on HTC One M8
Integrated social features, great design, easy-to-use features
Doesn't let you link bank accounts, you have to manually input expenses and salary
Wally+ for Android is an app that wants to try and help you keep your finances in line. It will help you keep track of your finances, create a budget, and let you know exactly where your money is being spent with intelligent categories. One way it wants to help users maintain control of their finances is with the integration of social features.
Users are tasked with creating an account and being disciplined enough to manually log each expense and income for each of their respective accounts. On one hand, the app hopes that this will help bring light to its users about their spending habits. Since many of us simply swipe our cards, it’s easy to forget about the transactions we make; but manually logging them drills that purchase in. For some users, such as myself, this will probably be more of a hassle than it’s worth. While it seems like a good idea on paper, forgetting to put in one expense can create a chain reaction of pure procrastination.
Logging expenses is actually pretty easy. All you have to do is hit the giant plus button and the expense page will pop up. Enter the amount you spent, maybe add a note or a tag, and then choose where you shopped at from a location-centric, cloud-based database, and it will automatically categorize it. After that is where the social features comes into play. Once you’ve built up enough purchases, you’ll find that you’ll start getting stats about what percentage other users spend in the same categories. This helps you see if you spend the normal amount on groceries for people in your age bracket, or more. It’s not an exact science, but it’s a cool feature.
The overall design of the app is actually pretty beautiful. It’s already been updated with material design, and all of the information is incredibly pleasant to look at.
Wally+ is still in beta so some features are missing, but what’s there is coming along rather nicely. It doesn’t let you link bank accounts (which is what will ultimately prevent it from staying on my phone) but I can’t knock it for that simply because they’re going for a different usage than me.