In this review I’ll be explaining why I’ve chosen this piece of financial tracking software for the past five years.
MoneyWiz is a paid service and therefore has very few restrictions. You can set up new accounts (for example I’ve set up an account for our mortgage).
This flexibility is great if like me you have a vast number of different accounts and income streams.
However, the fantastic functionality of MoneyWiz doesn’t end there. We have the ability to automatically import all transactions, and manually add transactions via the iWatch or mobile applications whilst out and about.
Ease of Use
The application is super straightforward and easy to use. The service makes it simple to track your income and expenditure every month. It also makes it really easy to edit transactions or import and export your transactions if that’s what you want to do.
The applications functionality is certainly there, providing you with endless different filter and reporting options without feeling overwhelming.
The screenshot below is direct from my account. On the left you an see the navigation between different accounts. There’s also the ability to see an overview on the dashboard or through the calendar within schedule. You can also use this navigation to view budgets and reports to see how you’re net worth is growing, or what you’re spending the most money on.
MoneyWiz uses military grade security via 3rd party data aggregation provides SaltEdge and Yodlee to ensure that customers information is kept as secure as possible.
All customer data is stored in the cloud using the SYNCbits service is encrypted with a password and security questions. The security is designed to email you instantly if there is any unauthorised access to your account. The SYNCbits service also comes with a lockdown feature. Enabling it to block data to avoid leaks during any potential hacks to the system.
There are two different price plans for MoneyWiz, however I am only happy speaking about one which is by far the very best value for money. That is MoneyWiz premium.
MoneyWiz Premium allows you access to the software for free, with unlimited use on any device and / or platform. Major updates such as MoneyWiz 3 and access to online banking is either; $5.99 a month or $59.99 a year.
While MoneyWiz is a paid service I feel that you certainly do get what you pay for. Be sure to let me know what you think of this MoneyWiz review in the comments below. If you have any MoneyWiz alternatives you think we should check out then be sure to let us know!