When comparing Money Lover - Money Manager vs PocketGuard: Personal Finance, the Slant community recommends Money Lover - Money Manager for most people. In the question“What are the best personal finance tracker apps for Android? ” Money Lover - Money Manager is ranked 6th while PocketGuard: Personal Finance is ranked 25th. 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 Multiplatform (available for iOS and Android)
Pro All accounts in one place
You can connect all financial accounts with PocketGuard and spend only few minutes per day to track your money in one place. PocketGuard will automatically capture your bills, subscriptions and recurring income to set up a budget you can actually stick to.
Pro Timely alerts and reminders
You never miss any payments with timely alerts and reminders. Pay on time to avoid fees and extra charges.
Pro The high-security system protects
PocketGuard uses a read-only connection to your bank and the same security level is used by all major banks. Your data is also protected with a 4-digit PIN that only you know.
Pro Clear visualizations
PocketGuard uses clear charts and graphs to show you all financial picture.
Pro Bank balance and cash flow graphs help keep track of finances at a glance
Pro Informs you whether you can afford to make a large purchase
Pro Shows how much you are free to spend at any time
You can track day-to-day spending to see how much is free to spend.
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.