When comparing Money Lover - Money Manager vs Wally, the Slant community recommends Money Lover - Money Manager for most people. In the question“What are the best personal finance tracker apps for iPhone?” Money Lover - Money Manager is ranked 2nd while Wally is ranked 3rd. The most important reason people chose Money Lover - Money Manager is:
Money Lover is not connected to the users bank accounts. By not being connected that means users have to manually input (at least once) their recurring transactions or singular transactions..
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Pros
Pro Ability to add manual transactions
Money Lover is not connected to the users bank accounts. By not being connected that means users have to manually input (at least once) their recurring transactions or singular transactions..
Pro Useful graphs and charts
Money Lover offers the normal pie chart of your spending and also bar graphs to help you identify trends in your net income.
Pro Option to add details with each transaction
Similar applications to Money Lover only offer a few details to add when inputting a new transaction but Money Lover offers a lot more besides the normal category and title. Money Lover allows you to add notes, contacts, a picture, location, and reminders.
Pro Supports everyone
Money Lover is completely independent of all financial institution so anyone in any country can use Money Lover.
Pro Elegant interface
Elegant and user-friendly interface.
Pro No connections to your banking accounts or investments
Money Lover is completely independent of your financial institution. This is great for those that are worried about sharing their bank account details but of course this is less convenient.
Pro Clean pleasing interface
The overall design of the app is clean and simple, almost minimal. It makes the app pleasing to use due to how easily one can tell what parts of the app do what due to the clean and simple design. the use of solid colors to differentiate section of the app makes it easy to keep track of what buttons do what.
Pro Convenient local data with no need to link an account online
Many people don't like connecting their accounts to an app, especially bank accounts, luckily Wally does not require one to link their bank to the app in order to track funds. All one has to do is input their starting total and then add expenditures as they purchase them. This is an easy way to track spending while not having to give up ones data.
Cons
Con No budget for all wallets
You can't set one budget to all wallets. For example: if you have 9 wallets in your family, then you need to have 9 budgets for food, 9 budgets for clothes and so on.

Con Difficult to update debt
There is no guideline for updating debt. Every debt goes to the wallet including Mortgage Bond. When updating the opening balance of (for example) the Mortgage Bond, it appears in the bank balance as part of the total positive balance.
Con No import
Cannot import data from my previous app. Transitioning to Money Lover became a very time-consuming task.
Con You have to pay for icons
When buying premium, you should get all features. Unfortunately, you still have to pay for icons.
Con No support for credit card accounts
Con Basic app is free but with advertisements
The free version of Money Lover includes small banner advertisements at the bottom of the application. They aren't too intrusive but they can be annoying. Removing the advertisements is a $2.00 in app purchase. Getting the whole Money Lover experience requires an upgrade from the basic application to the premium application without advertisements and the ability to have more than one wallet, a budget plan, and an event plan for a $4.99 in app purchase.
Con Difficult to navigate
The interface can be confusing and expected functions of buttons are not always the case. While it can be gotten used to, it takes much time and really shouldn't in the first place.
Con Limited use while offline
Whether it is due to a DRM scheme or just bad design in the app only has limited functionality when not connected to the internet. This inhibits normal use as no one has a 24/7 internet connection on a mobile device.
Con Somewhat buggy
Things like connecting to foursquare are glitchy and troublesome, there is also issue with showing locations and just overall slowness to load.
