Ever ran into a situation where, at the end of a month, you suddenly realize that you’ve spent too much of your hard-earned (maybe) money this month and have very less idea where did you splurge them?
Meet MoneyTab, an amazingly simple app for Android to manage finances on the go. It can record all your daily financial transactions and help you keep an eye on your cash. Despite the fact that there are not less than fifty apps on the Play Store that do the same job, MoneyTab stands out of the crowd because of its minimal, intuitive and a it-just-works interface.
For MoneyTab, minimal doesn’t equal to less features. It still manages to pack all powerful features that you will ever need for managing your finance.
The home screen of the app contains quick shortcuts options along with three custom slots at the bottom where you can add your favorite transaction categories.
Adding a transaction is quick, just tap on New Transaction, enter an amount, choose category and hit save. Recurring transactions like rent, salary etc., can also be added that will get added regularly on a particular date, which is quite handy.
Next, history of previous transactions and statistics can also be accessed. Apart form these, there are a couple of preferences that can be customized like changing the currency sign, editing categories, exporting data to a CSV file which can then easily be imported into Microsoft Excel or Open Office etc.
MoneyTab can also be locked using a PIN in case you don’t want others to mess with your finances. The app will lock itself every time the phone is locked while the app is still running or when it is minimized. Extra security measure.
Missing Features
The app, I believe, was built with only keeping one aim in mind – managing finance, and not managing budgets. There’s no way one can set a budget and limit his expenditures. I wish the developer includes my suggestion in his future updates.
Cloud Sync is another much needed feature. I don’t want to lose my records when I change either of my ROM or my phone and accidentally forget to make a backup of my data into a CSV file. I want my data to always be in sync.
Lastly, there’s no password recovery option. So write down your password somewhere!
Competition
In terms of features, MoneyTab isn’t the best in class. There are apps like Mint, Lemon, mooLa! and YNAB which are more popular than MoneyTab. If you’re looking for an app for managing finance with an overload of features and fancy graphs, I’ll recommend that you check them out as well. Otherwise, MoneyTab should be the best option for you.
Overall, The app is simple, fun to use with different colors for different functions and comic bylines in the category list. The app comes with a price tag of 99 cents, but is worth every single penny.
Play Store: MoneyTab ($0.99)
