My Finances app review: track all your finances

Introduction

If you find yourself without any money at the end of the month then you may benefit from a tool that helps you track your expenses and income. The My Finances app can be used on your iPod touch, iPad, and iPhone to do just that. This also comes in handy when you are trying to save for something or you are just curious to see where your money is going weekly, monthly, and yearly. You may be surprised with the data.

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Track All Money

This app allows you to track all of your income even if it's multiple sources and your expenses. Now the beauty of it is that it's simple and user-friendly. Not only that, but when it comes to your information you can then categorize it so then you can see statistics broken down into weekly, monthly, and yearly reports. It's always interesting once you start tracking your money and for many people it ends up being an eye-opening experience as they find out they are actually spending more than they have, or they have more money than they thought. It's a great way to get a full picture of your financial standing.

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In the free version of this app you are only allowed 20 transactions per month and you aren't able to do automatic backups, export your data, or view statistics. To have access to these features and unlimited transactions you'll need to upgrade to the full version for $3.99. It should be noted that this app also requires iOS 7 to operate.

 

Helpful Features and Tools

This app includes a number of helpful features and tools that not only give you an accurate picture of your finances but can even help you remember when things are due. You can enter in transactions and set them as one-time or recurring, there are notifications that will be sent to remind you of when transactions are due, and you can check out a weekly summary of your finances/transactions. There are charts in both line and bar form that give you a look at your cash flow, another helpful and telling tool.

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There has been a recent update that has improved a number of features in the app including the fact you can now copy and paste a note and a transaction amount, the app has been stabilized to fix crashing issues, and now you can have a negative balance whereas before this wouldn't appear. All of this is presented in a very clean and simple user interface.

 

Pros and Cons

Pros

• Track your expenses and income
• View weekly, monthly, and yearly statistics
• Receive reminders of upcoming transactions
• Easy to use
• Clean and simple user interface

 

Cons

• You are only allowed 20 transactions per month in the free version
• Many other features aren’t enabled in the free version

 

Final Thoughts

The My Finances app can be used on your iPod touch, iPad, and iPhone as a simple and quick way to track your money so you can clearly see where it’s going each week/month.