When comparing Mint vs Monefy - Money Manager, 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 Mint is ranked 2nd. 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 All accounts in one place
Mint can handle banking accounts, saving accounts, credit cards, etc. It consolidates all your accounts together so you do not need to put work into following multiple accounts.
Pro Organizes budget into categories
Mint splits your spending into different categories, such as gas or fast food, so you can see where you're spending too much money or how much you need to budget for.
Pro Alerts
Mint can be set to alert you to various events such as upcoming bills, or low balances on any accounts. It can be set to alert you from the app, through email or by text message. In addition you can sign up to recieve monthly emails about your money and ways to improve your budget.
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.
Cons
Con Not international
Only works for US & Canada banks, and even then there are banks (like EQ Bank) that have actively blocked access to Mint.
Con Online only
It does not work offline.
Con Unsafe
With very few exceptions, Mint isn't just syncing your data over, but is using your username and password to log directly into the bank website. Banks will not reimburse for any fraud or stolen funds that may result from this, or may use Mint as an excuse to not reimburse for charges or stolen funds that occur from other causes.
Con Categories organization not flexible
Con The budgeting part has too many bugs
Con Very complicated tool
Of course, it's powerful but also very complicated. Some would prefer tools which are less robust, has less features but are a lot easier.
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.