When comparing Monefy - Money Manager vs Expense IQ, the Slant community recommends Monefy - Money Manager for most people. In the question“What are the best personal finance tracker apps for Android? ” Monefy - Money Manager is ranked 1st while Expense IQ is ranked 19th. The most important reason people chose Monefy - Money Manager is:
Monefy is extremely simple to use. Just tap either plus for a new income or minus for spending and then select the category for the transaction and your done.
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Pros
Pro User friendly
Monefy is extremely simple to use. Just tap either plus for a new income or minus for spending and then select the category for the transaction and your done.
Pro Can be synced with Dropbox
There is no web application but Monefy can be synced with Dropbox to keep finances updated even without a phone. This feature is pro only ($2.48).
Pro Free without advertisements
Monefy is free without advertisements but there are some features reserved for Pro ($2.48) users such as: password protection, Dropbox Sync, adding new categories, and changing icons. Fortunately these features are not completely necessary.
Pro CSV export of data
Export (in CSV) actual data by 1 click to defined folder on SD card with defined name and defined period. It's quite easy to use it on a shared folder on a phone and customize data source in excel to upload this file.
Pro Secure
Monefy requires that all entries are added manually, so there is no need to give the app bank information.
Pro Support for everyone
Monefy offers support for any country because the app is completely independent of financial institutions. If your financial institution is not supported by apps such as Mint and BillGuard just use Monefy and switch the currency.
Pro Cloud Sync with unlimited devices
Cloud Sync across unlimited number of devices. Uses Google Firebase.
Pro Many different reports
Many different and diverse reports help users analyze and identify trends to better improve saving plans.
Pro Budgets can be set to any account, category and subcategory
Budgets are only monthly, but the ability to set to any account, category, and subcategory comes in very handy.
Pro Can attach photos and lots of details to every transaction
Allows users to attach a photo from gallery or camera to transactions. Can also add payee, category, check status, notes and set to repeat in highly customizable ways.
Pro Can export to CSV and QIF
Pro Split transactions
Handles split transactions flawlessly, and splits show up in reports accurately.
Pro Has clear and simple UI
Material Design with light, dark and panda (hybrid) theme.
Pro Built-in flexible bill reminders
Reliable bill reminders with many customization options.
Cons
Con Poor web-support
There is almost zero support on the website. There are no details to guide through sync process. Other apps allow simple sign-in sync, but this needs a 3rd party Dropbox. It's over complex for what it is.
Con Budget information must be inputted manually
Transactions are added in the form of notes; first the amount is added, and then the category. It is a quick process but it can become tedious, especially if multiple transactions have been missed.
Con The website is as clear as mud
The language is so vague there is little app help, nor is it clear what you can or cannot do with either the Pro or free version.
Con No web login
There is no webpage login to see your expenses from computer.
Con No automatic exchange rate
Con Numeric passcodes only
No alphanumeric passcode feature available.
Con The iPhone version is missing some features
Compared to the Android app, the iPhone app is missing budget mode and some languages.
Con Ugly UI
Con Chrashing constantly.
Cannot open app. Chrashing immediately. Cleared cache & data. Uninstalled & reinstalled. Rebooted. Nothing works.
Samsung Galaxy S22 Ultra standard firmware Nordic countries Android 13.
Con Cannot sync automatically with your bank
You have to add every transaction manually.
Con Receipt attachments don't sync
Con More than 3 accounts requires a yearly fee
If you need to keep track of more than 3 accounts at once, there is a yearly fee of $19 to unlock the feature of unlimited account tracking.