Money Monitor: Expense Tracker 4+

I have a very limited budget and wanted to be able to run reports so I could try and see where J could cut back so I could have money to use elsewhere. I absolutely love the variety and details of their reporting. I do wish under budgets it had an “envelope” function where you could put money into a budget without a transaction. I usually have to put pieces of my paycheck aside for different bill, but I still have the money in my account until I have saved up enough to pay the bill. It would be nice if it would let you set money aside from your account without having to be linked to an expenditure , similar to the app GoodBudget. GoodBudget lets you set aside money into an “envelope” based on money you currently have and without you needing to show it as spent right then and there. Still, this app does not charge a monthly fee (GoodBudget is about $10/mo) and the flexibility they have with reporting is phenomenal (something most apps I saw didn’t really have). You also don’t have to make an account or give access to you bank account. Plus, you can take pictures of your receipts and log them with each transaction! A feature I have only seen with this app (and I went through quite a few before purchasing this one)!

I have used many expense tracking apps, and this one has interesting functionality but a few bugs or functionality oversight.
Weekly and bi weekly recurrent expenses do not work. The expense is applied for the days I created it not doesn’t repeat even if it shows as recurrent. For the monthly recurrent expenses, it is not possible to override the amount for a month. Example: your utility expense is recurrent, but it is not the same amount every month, so you cannot set it as a recurring expense that you can adjust every month.
It is possible to set up a recurring bill with auto-pay, that will show up in the transaction list and in the account and category that it was assigned to, but it is not possible to specify a budget for recurring bills with auto-pay so we cannot track those expenses against a budget unless we manually edit each transaction when the bill is automatically paid in order to assign it to a budget. Not sure why they don’t allow selecting a Budget when a recurring bill is set up as auto pay.

Pros:
Money Monitor is a great app to see where your money is going. It has the ability to track bills, expenses, income, and budgets. It has several reports that can be exported including income vs expenses, category report, bill report, and more. You can create custom categories and rename and delete default ones. The app also lets you set a frequency of bills, budgets and income.

Cons:
I am using the free version and it is is very ad heavy. I am also having an issue with transactions being added automatically (which I am sure I setup somewhere). The app is a bit cumbersome to add a new payee, but once added very easy to search and find it. It will take some time to set the app up (i.e. Salary, bills, payees, budgets, etc) but this is expected in most apps. It doesn't have any type of bank account linking (that I've seen) so transactions on a debit or credit card still need entered manually.

Overall a great app. I've tried several others before committing to this app. This app does things many paid apps do (and paid meaning like $10/mo!). Overall, very impressed with the app and highly recommend it to track all of your finances.