If you’re searching for a way to manage your budget and small expenses on your iPhone, look no further. noidentity have created an application called MoneyBook to help you keep a track of your finances and stick to your budget. The application has a very appealing interface and is remarkably easy to use.
It is available on both the iPhone and iPod Touch and it does not require an internet connection. This review will cover the various features of the application with examples of how it could help you save money!
The interface of MoneyBook is both clear, and looks great. The menu is divided into four sections (Overview, Expenses, Recurring and History). On the main overview page you are giving a graphical bar of how much of your budget you have spent, your top spending categories and also a summary of how much you are spending on an average daily basis.
From this page you can also enter a new expense. The icons make it very easy to categorise your expenses and the interface doesn’t look too dissimilar to that of the Calculator app – so you should feel right at home. You can also change the date of the expenditure (e.g. if you remembered that you bought a new shirt yesterday, but forgot to enter it). You can also add a note to the entry for your own records.
Organising your Budget
Setting your Budget
The initial set-up of the application is very easy. You are presented with this window (see below). You can enter in a certain amount if you want, or use the slider.
As you saw before, when adding in a purchase, you can choose its category. This is handy so you can start to analyse if you overspend on certain items (if you’re anything like me, clothing and travel expenditures are too high!).
After using the application for a while you will begin to build up a picture of how your expenses are broken down into the various categories. From here a graph can be generated to show you what is going on (see below). To access this graph all you have to do is click on the “Top Categories” title bar from the ‘Overview’ section of the application.
This section of the app is very handy if you have any recurring expenses such as mobile phone, internet, rates, water and power. It is automatically billed at the start of the month so you know how much you still have left to play with during the rest of the month.
Your Budget in Review
You can keep a track record of how your budget is going across several months. The graph is automatically generated when you click on the “Statistics” header of the ‘Overview’ section. It is beautifully made and easy to read. It will give you a great overview of if you are spending more or less as the months go by.
The history panel allows you to go back in time and look at your purchases from any given day. This is very useful for tracking against the debits from your bank account. If, for example, you notice a sum of money leave your bank account, but do not know what it is from. You can pick up your iPhone, launch MoneyBook and have a check of what the item was.
Much like the statistics pane, this panel will also help you keep track of your spendings (if they are too high, or too low!).
You can export your history as a .csv file by clicking on the ‘Export…’ button on the top right of the history window.
MoneyBook is a fantastic application for tracking your expenses. It does it very well with basic functionality that looks visually stunning. The app is uncluttered, and doesn’t add any unnecessary features.
The interface is very easy to navigate around and you will be able to use the application as soon as you launch it. If you have the memory to enter purchases as you make them (and alter your buying habits based on what you find out) then this application could really help you stay on top of your expenses.