moneyStrands is a great tool to manage your personal finances. The main engine behind the app is a web based service at https://money.strands.com/. Through this web portal a user can add in all of their bank, credit card and other financial system accounts to be able to view and manage from one central location. The aspect of the service that I find to be most innovative however is the on the fly reporting and analysis that can be run to display purchase habits, and history, breaking down purchases and expenses into easy to understand categories such as shopping, bills, restaurants, etc…. It automatically gathers data for financial accounts, including savings, checking, and credit cards, providing users with an up-to-date, accurate, unified view of their finances.
The moneyStrands iPhone app allows users to access their data via their iPhone or iPod Touch. Some cool features include:
Another feature I really like about this app is the ability to set budgets for categories and specific items. You can then track your budget to see you’re status and how each item falls into a overall budget. Combining this feature with viewing your income and expenses provides a person with a unique perspective on their entire financial story. In times like we’re in now with economic pressures, job losses, and increasing expenses, etc… a tool like this can be priceless if used to it’s full capabilities. Given it’s free to use too it’s a no-brainer. This is a must download!
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