![]() If you see negative reviews out there from the last few years, those days are over. They fixed the issues, took their time, and got it back to its former greatness. Fortunately the new development team has been far better. For whatever reasons Monewell really fell behind. There were the dark years when the original developer sold Moneywell to someone else. I've been using Moneywell for over 10 years. ![]() It also does a great job with simple account balances, reconciling, and the usual financial tracking. Most other budgets only show you month by month so you can't see what you really have to spend (or how much you've overspent). Overspend by $100? You have $100 less the next cycle. What sets Moneywell apart is that the balance carries over. Each month/week (you set the pay period) your income fills the bucket. It is based on setting up a budget using buckets (envelopes). If you are not familiar, this is still a great finance tool. If you are familiar with the envelope approach to budgeting, this is what you want. MoneyWell will help you by allowing you to create a spending plan and then telling you how much you need to save in each bucket category to meet your goals. With MoneyWell, there's one simple rule: Spend only what you have in your buckets. It's a broken system that most people can't use. We call this regret-based budgeting, where you print reports and then regret not sticking to your plan. Too many other financial tools rely on end of the month budget reports to keep your spending in line, but by that time it's too late to fix anything. We'll never remove access to your data, so even if your subscription expires and you return to "Free mode", you'll still be able to view and export your data. ![]() If you like what you see, there's a subscription which unlocks unlimited transactions. There's no time limit and it's fully featured except you can only create 200 transactions in "Free mode". You can download it for free, look at a sample budget or try setting up your own. It also helps you direct your extra money to debt reduction and savings so you end up with a nice cash buffer for emergencies and a more stress-free life. It's designed to keep you from overspending by using proactive budgeting techniques. MoneyWell is a personal finance package built around the concept of envelope budgeting.
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