It’s January which means my mind is turning to budgeting once again. Call it my personal post-Christmas shopping syndrome. Couple that with the fact that we’ve had eye doctor appointments, new glasses and an unexpected surgery for our toddler and I really need to buckle down with the finances. I feel like the money is flowing a little too freely lately. I’m always on the lookout for a budgeting/banking app that will make my financial life easier and MoneyPad has plenty going for it. The title tells you everything it covers and reading that you’ll see this is a well-rounded app. Here are some of the app’s highlights for me:
- The app’s home screen shows you everything you need in one glance. Four buttons give you the information for your accounts, income, budget and expenses. You can tap on those buttons to visit the respective sections for more details. On the home screen you’ll also see a simple bar graph that visualizes your money situation. Your most recently entered transactions can be seen at the bottom of the screen.
- Setting up accounts is easy to do. Entering information is done through typing text and using a wheel selector.
- When you enter a transaction you’ll have the option of taking a picture which is a nice way to track and store receipts. Much better than my messy file folders.
- Once you’ve established a budget MoneyPad will track your expenses and income using that budget.
- It’s easy to set up recurring transactions and the app supports recurring expenses, income and transfers. You can also set up automatic reminders which I find tremendously helpful for bills.
- The included categories have subcategories and these can easily be edited. MoneyPad also gives you the ability to add in your own categories.
- There is an included Vendor list that can be used when you are entering in transactions. You can add in a Vendor of your own and it will then be saved for future transactions. This is a nice time saver.
- Two budget types are supported – one is a general budget and the other a more detailed budget.
- If you enjoy analyzing your budget and expenses MoneyPad has you covered with a variety of pie charts and trending charts for income and expense.
- You can use a search feature to look for specific transactions. It lets you search by category, vendor, notes and amount.
- MoneyPad supports global currencies.
- The app has a thorough user guide and FAQ section. I found both to be very helpful and informative.
There are two features that I was hoping to find in MoneyPad, but didn’t. The first is the ability to sync with another device so my husband and I could both have the same up to date budgeting information. The second is to let users choose the date their recurring transactions occur on. For example, right now, for example when you set up a semi-monthly transaction you have to set it to occur on the 1st and the 15th. That’s not payday for us and I’d like the ability to enter the exact date we see paychecks. Hopefully features like these will come in future updates.
Budgeting doesn’t rank very high (or show up at all) on my list of favorite things to do but apps like MoneyPad help take the sting out of a necessary evil. When developers make it so easy to track your expenses I suppose there’s really no excuse for not getting on board.
A free version of the app is also available: MoneyPad Lite
Price when Reviewed: $2.99
Requirements: Compatible with iPhone, iPod touch, and iPad.Requires iOS 5.0 or later.
Seller: Blue Mobile Cloud
Disclosure: I received a free copy of this app for review purposes.