Alas, I’m still shopping. The Watch model I wanted won’t show up until about June. So, I scoured around to find a few iPhone apps which also had extensions for the Watch. Here’s one that caught my eye and I just wonder if what it does is a good thing. Or, not.
It’s called MoneyWiz for Mac, iPhone, and iPad; a relatively inexpensive money management that seems to do more than Quicken for Mac, as it’s running on iOS already– and MoneyWiz for Apple Watch is on the way. Just like the Watch.
MoneyWiz is one of those surprising apps that does more than the price suggests. For example, it handles all the standard money management options; credit card, checking, savings, cash, even online banking.
Use MoneyWiz to setup budgets, monitor transactions, print out reports, manage bill paying, and give you a quick look at where the money went. Or, where it’s going. And, where it came from.
Quicken for Mac may cost more but it doesn’t have much over MoneyWiz. The only feature that stumbled me a bit was entering transactions. Budgeting can be setup to be automatic, or use the tried and true envelope budget method. Or, just setup an allowance to curb spending.
Unlike Quicken, MoneyWiz has an iOS version and data can be synchronized securely between devices, and protected with a special PIN. MoneyWiz also lets you important data from other financial apps, including CSV, QIF, OFX, QFX, and others.
What caught my eye initially was how comprehensive MoneyWiz seemed to be, that it synced to an iOS version, and an Apple Watch version is in the works.
I don’t know if money management on a watch is a good thing. Apple Pay seems like a natural and highly convenient, but adding expense items, checking accounts, et al– seems a bit unnatural. But so did FaceTime the first few times I used that, so we’ll see.