Applications which let you track your household’s money flow can be very helpful, it can create some time-saving actions and became a real productivity tool. By now you must have heard about Quicken, which was probably the most used money management application for many years. However, since Apple introduced Mac App Store, many small software developers got a great chance to reach millions of potential users and this made some applications, which were recently unknown, very profitable.
In this article we are bringing you a review of Jumsoft Money – available in Mac App Store for roughly $40. There’s also iOS version available, but you’ll need to purchase separate licenses.
Money lets you set-up separate user accounts in which you can create bank accounts, credit card information, investments, assets and loans. This application has ability to create several types of financial data files, so several users can access the same file, but this seems a bit problematic to set-up and use, especially for users who don’t have any past experience. Just like with any other money management application, these are starting information which are needed to access the rest of the features. Some of these features, Money-specific, are budgeting, scheduling and investment tracking.
Most users use money management software to help them create budgets in order to achieve some financial goals. Budgeting with Jumsoft Money is easy to handle, but the information could be presented in a bit more visually pleasing manner. This is a problem which occurs with Money in almost every aspect of its interface. Information is mostly presented in a spreadsheet-like manner, which is simply boring and uninteresting. When information piles up, it can become very hard to find your way through.
If you manage to find your way through, and keep all your financial data in sync over the internet, you can make use of Money’s scheduling and reporting. Schedules can be added for you to be reminded of occurring payments, which is a standard tool for money management apps.
Money also integrates Foursquare to help you find payees, which lists all nearby businesses. This features works well with ability to add Contacts, so you can assign your money flow to a specific person in case you expect some income or expense. This feature works well and you can add a lot of financial data to it, but just like the whole Money, it can be a bit more polished and nicely designed.
Overall, Jumsoft Money is financial management application which could be put to a good use. Still, it seems confusing most of the time, and it isn’t exactly user friendly. This is a problem since it costs roughly $40, while you can find some more polished and better solutions for less money.