Moni ($0.99) by Whitewater Labs, LLC is a finance app that lets users keep track of their bank accounts the way they would in a ledger. Combine multiple accounts to keep track of just how much money you have in all your pots.
This is a simple checkbook ledger app. There was a time in history when a bank ledger was necessary for one to keep track of expenses and make sure funds didn’t get overdrawn. When I was 13 years old, my dad taught me how to use a bank ledger and I’ve never stopped using one since. A few years ago, I went from paper to digital, but keeping track of money going in and out of my bank accounts has become a passion of mine.
Moni doesn’t require any complicated adjustments or analysis for you to track your bank transactions. Simply name the account and start a new ledger. For example, if you have a savings account and a checking account. Make two ledgers, one for each. If you have accounts at multiple banks, you may want to name the ledgers accordingly. For example, you may want to call one account, “BofA Checking” and another, “Chase Savings” or something like that.
Once you’ve named an account, it is time to start keeping track. To begin, simply find out how much money you currently have in that account. The easiest way, is to look it up through your bank’s online access. Make sure to keep track of which transactions have not been posted to your account yet. For example, if your checking account shows $7,300, but you just bought groceries today and that expense is not listed in your checking account, it is a new expense you can add in to the app.
If you spent $100 on groceries, add that in by tapping the minus symbol at the lower-left corner of the screen. When you tap the symbol, a number pad will appear and you can enter the amount of the expense. Just below the number pad, there is an optional note section where you can name the expense. If you are a detailed record keeper like I am, you can add the name of the store that is listed on the receipt. If you just want to make sure the purchase is listed, leave the note-maker blank and tap the check mark. The same thing can be done for deposits by tapping the plus symbol on the right.
Once all of your accounts have been added to Moni, you can see just how much money you really have. Sometimes, it is hard to keep track when there are multiple accounts for various things. This app also lets you keep track of when money is getting low by having a color scheme that can be custom built. That way, if funds are getting low in one account, you will know that it is time to transfer money from another one.
There are a couple of things that I have a real issue with in this app. First of all, there is no way to date the transaction. I keep track of my expenses by the date I paid for them. This app only uses the current date. I don’t have time to add expenses every day, but I want the date to be correct. I’d really like to see the option to adjust the expense date.
Another problem I have with this app is that nothing can be edited. If you make a mistake, you have to delete the item and start over. I accidentally put an expense down for $0.34 when I meant for it to be $34. I had to delete the expense and rewrite my note instead of just being able to change the mistake. Additionally, I like my expenses to be listed in order of when I bought something, but if I input them out of order, I can’t move them to a different spot.
Even though this app is very simple, I think it is lacking in some important features that people who like to keep track of the details would appreciate. The user interface is comprehensive and the design is attractive. It is hard to be a good judge of this app because I want it to offer more than it does. However, I have to recommend it because it really does work well. Hopefully, the developers will think about adding the option to date, edit and move expenses for more control over the details.
We’re giving away two copies of Moni to our lucky readers. If you are looking for a new, digital bank ledger, leave a comment below before Thursday, May 17 at 11:59 CDT for a chance to win.