Personal finance applications are a great way to stay on top of your financial situation. No matter how hard we all try to keep our financial flow under the control, it always seems impossible to do this without any help. That’s why most of us get surprised when we choose to see the remaining balance on our accounts. On the other hand, there are applications which are designed to help you take control over your bank accounts, so you can easily keep track of every single expense.
There are a lot of personal finance apps made for OSX and iOS as well. Most of them can be really helpful and even though most of us imagine a very complex and spreadsheet-like interface, most of those applications are actually very user friendly. Today we are going to take a look at Koku 2, which is designed for OSX. This application can be found in the OSX App Store, and it’s currently priced at $30.
While you’re reading Koku’s description in its App Store section, you’ll see that this application promises easy management of your finances, along with some interesting key features. This is pretty much the same description for every application of this kind, so I was very surprised when I opened it for the first time. My first impression about this app is that it’s incredibly user friendly, without trying to oversimplify things, which can be its biggest selling point. You’ll get to see the left-positioned sidebar which holds your accounts (which can be later selected as checking accounts, credit cards, and savings), and there’s are numerous reports right below.
In order to start working with Koku you’ll first need to add your own bank accounts. The application can automatically connect to numerous banks across USA and Canada. This means that the sign-in procedure is very simple and automatic. In case you live elsewhere, you’ll need to manually enter all of these information, which can be a bit tiresome, but that’s the case with the most applications of this kind.
Once you’ve singed-in with your credentials, you’ll get to see up to date information about your financial status. This way you can create monthly budgets in order to limit spending by category. For example, you can set yourself a limit on how much money you’re willing to spend on clothes, or on your food. Then, you’ll be able to track those expenses and tag them accordingly, so Koku can update the budget panel with the new information. You can always use one of the reports to see your current expenses, as well as how you did in the last few months.
In order to gain full control over your expenses you should also use Koku’s iOS app, so all the information can be always in sync and up to date. Unfortunately, Koku’s iOS app is priced at $5 so it is actually yet another expense.
A lot of nice things could be said about Koku. It’s very user friendly and incredibly easy to use. If utilized right, Koku can be very effective tool in overseeing your finances. That’s why I believe that $30 isn’t too expensive for such a solution, but I really didn’t like that you need to pay extra to use the iOS counterpart.