Money Dashboard Review
Money Dashboard is a personal finance application that helps you understand exactly where your money is going. Launched in 2010, the Money Dashboard application lets you monitor your online bank and credit card accounts, helping you keep in control of your spending.
Today, I’m going to be doing a complete Money Dashboard review to see whether it’s really a service you should be using.
Money Dashboard is a fantastic free web and mobile service that allows you to synchronise your spending and track your financial goals.
Money Dashboard has both an online web-based platform and a mobile application. This makes it super simple for you to check your financial situation whether you’re at home or on the go.
When I first started using Money Dashboard they used to allow you to ‘tag’ expenses. With a selection of more than 50 different tags you’d assume they’d be one for everything – but there wasn’t. However, our requests have been answered with the recent launch of Money Dashboard 6.0 and the ability to add personalised tags.
Ease of Use
Both the website and mobile app are about as simple as you can expect from a service like this. The site allows you to personalise your ‘dashboard’ or homepage in order to only show you the information you want to see when you log in.
A handy calendar allows you to see when you have money coming in and out and the projected balance helps you see your financial future up to six months in advance.
MoneyDashboard is completely free service. They don’t charge you to download the application or subscribe the service.
Money Dashboard’s services are completely free thanks to their two sources of income;
Firstly, they sell your data to third parties. That sounds scary, but it’s not. You see, rather than you specifically the service will bundle their subscribers together to provide an insight into consumer spending habits and income. This provides marketers with information to help them make decisions when marketing products and services based on household income, location, age etc.
Another way in which Money Dashboard earns money is through recommendations. These are based on your current expenditure such as; mobile phone, gas and electric. Should you take Money Dashboard up on any of their recommendations then they will gain a referral or affiliate fee. This is the same as how this website makes money right through to popular sites such as; MoneySupermarket, Money Saving Expert and HotUKDeals.
By now you’re probably worrying about your security. You’re giving away your bank and personal details to a website to help them track your spending. If you weren’t worried you should be. However, MoneyDashboard knows you’re going to worry which is why they’ve put so much emphasis on how secure their website actually is.
The service has been running since early 2010 and in 2015 announced it had over 100,000 users. In that time there have been no reported hackings of the website. Better than that nobody has reported any incident of identity theft in direct relation to using the service.
I do hope you have enjoyed this Money Dashboard review. Be sure to let me know if you do sign up to Money Dashboard or have any alternatives that you think we should try…