MoneyWiz 2

Take con­trol of your wonga with this clever fi­nance app

Mac Format - - RATED | MAC APPS - De­vel­oper Sil­verWiz, mon­ey­wiz­app.com OS X 10.8 or later Sim­ple and at­trac­tive in­ter­face Sync eas­ily with iPad and iPhone

Per­sonal fi­nance apps haven’t changed much over the years, but MoneyWiz has done its best to in­ject some new life into this not ex­actly inspiring mar­ket. You can up­date your fi­nances from both desk­top and mo­bile (via a separately pur­chased iOS app). For ex­am­ple, un­like other so­lu­tions, Sil­verWiz’s pro­pri­etary SyncBits tech­nol­ogy swiftly syncs data be­tween mo­bile and desk­top via the cloud.

MoneyWiz 2 takes in­no­va­tion one step fur­ther, al­low­ing you to down­load trans­ac­tions from over 2,000 on­line bank­ing in­sti­tu­tions (in­clud­ing most big UK banks) into MoneyWiz, sav­ing you the has­sle of en­ter­ing them your­self. You’ll have to pay for the priv­i­lege, though – £3.99 a month (or £39.99 a year).

Free trial?

The tool had an in­aus­pi­cious start, with wide­spread is­sues re­ported early on, but while most have been re­solved with this re­lease, we sug­gest hang­ing fire un­til a mooted free trial ap­pears. In truth, we’re not mas­sive fans of the au­to­matic ap­proach any­way – it’s of­ten a few days be­fore trans­ac­tions show up, mean­ing you’re not al­ways look­ing at the lat­est pic­ture.

MoneyWiz 2 de­buts a fresh, Yosemite-in­spired de­sign, and in­cludes many wel­come new fea­tures and im­prove­ments, in­clud­ing sup­port for loan ac­counts, the abil­ity to group ac­counts to­gether and sup­port for cre­at­ing lo­cal back­ups of your files.

The facelift doesn’t mess with what worked be­fore, which means it re­mains an eas­ily nav­i­ga­ble twopaned in­ter­face, split into five log­i­cal sec­tions. Most of your time will be spent in the de­fault Ac­counts screen where you can in­put and re­view trans­ac­tions. It works fine on the iPad, but feels too sim­plis­tic on the Mac, where you can switch to a more de­tailed and tra­di­tional spread­sheet lay­out.

Set up your out­go­ings and in­com­ings in a Sched­uled sec­tion,

The fore­cast­ing tool al­lows you to project your fi­nances and also, hope­fully, drive more sav­ings into your ac­count

then nav­i­gate to Bud­gets where you can curb spend­ing by al­lot­ting spe­cific amounts to cer­tain trans­ac­tions. Bud­gets are sim­ple to set up and mon­i­tor – you get alerted if you go over – and of­fer a way of rein­ing in spend­ing on, say, DVDs and other, er, essen­tials.

MoneyWiz of­fers a range of charts and tools to help you an­a­lyse where your money’s go­ing. The fore­cast­ing tool al­lows you to project your fi­nances, plan for events and hope­fully in­crease sav­ings. Switch­ing from other packages is easy too, thanks to com­pre­hen­sive sup­port for a wide range of for­mats.

De­spite its teething prob­lems, MoneyWiz 2 re­mains a great choice if you’re look­ing to move from the red into the black. Nick Peers

MoneyWiz 2 re­mains an ef­fec­tive and user-friendly tool to man­age your fi­nances and help make sav­ings.

MoneyWiz 2’s de­fault trans­ac­tions view be­lies the tools and fea­tures lurk­ing be­neath the sur­face.

Pick one of many cus­tom re­ports and charts to get a de­tailed look at your spend­ing.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.