{"id":4077,"date":"2014-06-13T17:00:40","date_gmt":"2014-06-13T15:00:40","guid":{"rendered":"http:\/\/worldtour-outdoorexperience.com\/?p=4077"},"modified":"2021-11-29T13:47:19","modified_gmt":"2021-11-29T11:47:19","slug":"money-wise_free-app-android_money-tracking","status":"publish","type":"post","link":"https:\/\/worldtour-outdoorexperience.com\/en\/money-wise_free-app-android_money-tracking\/","title":{"rendered":"Money Wise: the best free app Android for money tracking"},"content":{"rendered":"<h2 style=\"text-align: justify;\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.handynorth.moneywise_free\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4085 size-medium\" style=\"margin-top: 20px; margin-bottom: 20px;\" src=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/money-wise_money-tracking_free-app-android_worldtour-outdoorexperience-300x138.jpg\" alt=\"money-wise_money-tracking_free-app-android_worldtour-outdoorexperience\" width=\"300\" height=\"138\" srcset=\"https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/money-wise_money-tracking_free-app-android_worldtour-outdoorexperience-300x138.jpg 300w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/money-wise_money-tracking_free-app-android_worldtour-outdoorexperience.jpg 534w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/h2>\n[clear]\n<h2 style=\"text-align: justify;\">Why Money Wise?<\/h2>\n<p style=\"text-align: justify;\">I&#8217;ve tried a dozen of free android app to track my money and all of them have \u201cPros\u201d and \u201cCons\u201d but <strong>Money Wise<\/strong> is the only one with the ability to <a title=\"money-wise_excel-exportation\" href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_money-tracker_free-app-android_excel-exportation_worldtour-outdoorexperience.jpg\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #5298cd;\">export your data to Excel<\/span><\/a>. A pro version exists and provides you with unlimited tags, budgets and accounts as well as being able to calculate two currencies at the same time. Also, the pro version allows you to register any kind of recurring transactions (such as utility bills or regular incomes streams).<\/p>\n<h2 style=\"text-align: justify;\">Register an expense or an income:<\/h2>\n<p style=\"text-align: justify;\">When you open this app, Money Wise prompts you to add at least one account balance as the starting point. This allows you to register the relevant expense(s) or income(s).<\/p>\n<p style=\"text-align: justify;\">To register an expense, choose an account and a descriptor for your expense. A category\/sub category and tag then need to be allocated. Money Wise already offers you most of the categories you might need but if that\u2019s not enough, you can create custom ones. It\u2019s essential to use categories\/sub-categories and tags in order to filter your expenses more accurately and easily.<\/p>\n<p style=\"text-align: justify;\">Furthermore it\u2019s better to use a tag instead of a category when an expense relates to a specific area.<br \/>\nAn expense may be categorized as &#8220;food shopping&#8221; but can be tagged for specific purposes: bushwalking, lunch at work, family, etc.<br \/>\nAnalyzing your list of expenses and the corresponding pie chart on Money Wise will be much easier if you want to change your expenditure.<\/p>\n<h5 style=\"text-align: justify;\"><a href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4100 size-large\" style=\"margin-top: 20px; margin-bottom: 20px;\" src=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0-1024x458.jpg\" alt=\"Money Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0\" width=\"1024\" height=\"458\" srcset=\"https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0-1024x458.jpg 1024w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0-300x134.jpg 300w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_0.jpg 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/h5>\n<h5 style=\"text-align: justify;\"><span style=\"color: #5298cd;\">To summarize:<\/span><\/h5>\n<ul style=\"text-align: justify;\">\n<li>\n<h5><span style=\"color: #5298cd;\">We use categories for general purchases<\/span><\/h5>\n<\/li>\n<li>\n<h5><span style=\"color: #5298cd;\">We use sub-categories for specific purchases<\/span><\/h5>\n<\/li>\n<li>\n<h5><span style=\"color: #5298cd;\">We use tags to group together the categories referring to a specific area<\/span><\/h5>\n<\/li>\n<\/ul>\n[clear]\n<h2 style=\"text-align: justify;\">Listing and navigation of your expenses:<\/h2>\n<p style=\"text-align: justify;\">Each time you register a new expense, it will be archived to a weekly\/monthly\/yearly list of expenses. You can create your own filters to make this easier by focusing on a specific kind of expense.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4088 size-large\" style=\"margin-top: 20px; margin-bottom: 20px;\" src=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1-1024x462.jpg\" alt=\"Money Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1\" width=\"1024\" height=\"462\" srcset=\"https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1-1024x462.jpg 1024w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1-300x135.jpg 300w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_1.jpg 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\">Use the Pie chart to see what your global expenses are by category:<\/h2>\n<p style=\"text-align: justify;\">The Pie Chart on Money Wise categorizes your expenses. As with the list of your expenses you can use filters to choose between accounts and the categories and tags to see the percentages spent on specific items.<\/p>\n<p style=\"text-align: justify;\">For example, if this month I\u2019ve been doing a lot of bushwalking and need to see how much the tag \u201cbushwalking\u201d represents, Money wise will show me every category linked to the tag \u201cbushwalking\u201d (such as \u201cFood Shopping\u201d \u201cOutdoor Equipment\u201d \u201cTransportation\u201d and \u201cNational Park Fees\u201d).<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4089 size-large\" style=\"margin-top: 20px; margin-bottom: 20px;\" src=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2-1024x466.jpg\" alt=\"Money Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2\" width=\"1024\" height=\"466\" srcset=\"https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2-1024x466.jpg 1024w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2-300x136.jpg 300w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_2.jpg 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\">Defining several specific budgets:<\/h2>\n<p style=\"text-align: justify;\">In the \u201cBudget\u201d column you can add between one and four budgets to Money Wise. That means you can create one for food, one for transportation, one for leisure etc. You can link a budget to an account and to the categories and tags of your choice. Budget lifespans are set by the user (from weekly through endless).<\/p>\n<p style=\"text-align: justify;\">The \u201cbudget\u201d page gives you a snapshot of your current situation. You can see the progression of your expenses and how much you have left. The green progression bar turns to red when the budget has been exceeded.<\/p>\n<p style=\"text-align: justify;\">For example in Money Wise, you define a budget for \u201coutdoor equipment\u201d. You can select the categories \u201crock climbing\u201d and \u201cmountain biking\u201d as well as the tag \u201cequipment\u201d. this creates a clearer picture of specific spending.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4094 size-large\" style=\"margin-top: 20px; margin-bottom: 20px;\" src=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3-1024x457.jpg\" alt=\"Money Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3\" width=\"1024\" height=\"457\" srcset=\"https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3-1024x457.jpg 1024w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3-300x134.jpg 300w, https:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_3.jpg 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\">Manage your accounts:<\/h2>\n<p style=\"text-align: justify;\">The last column allows you to <a title=\"add-one-or-many-accounts\" href=\"http:\/\/worldtour-outdoorexperience.com\/wp-content\/uploads\/2014\/06\/Money-Wise_best-money-tracker_free-android-app_worldtour-outdoorexperience_4.jpg\" target=\"_blank\" rel=\"noopener\">add one or many accounts<\/a> (maximum 2 for the free version). At the moment this section isn&#8217;t relevant to me because you can\u2019t set up regular transactions in the free version as this feature is only available on the Pro version (therefore you must create them on Money Wise by hand).<\/p>\n<p style=\"text-align: justify;\">[clear]\n<h2 style=\"text-align: justify;\">Conclusion:<\/h2>\n<h4 style=\"text-align: justify;\"><span style=\"color: #9ba868;\">Money Wise is an excellent money tracking app for Android. I hope its developers create a widget that makes registering a transaction faster and simpler than opening Money Wise. I would recommend checking your real bank accounts regularly so you don&#8217;t end the month with a huge budget blow out. Cross checking real bank balance with Money Wise balances is essential.<br \/>\n<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"color: #9ba868;\">\u00a0<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>[clear] Why Money Wise? I&#8217;ve tried a dozen of free android app to track my money and all of them have \u201cPros\u201d and \u201cCons\u201d but Money Wise is the only one with the ability to export your data to Excel. A pro version exists and provides you with unlimited tags, budgets and accounts as well [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1249,1223],"tags":[929,952,1079,955,953,954,950],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["fr","en"],"languages":{"fr":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/posts\/4077"}],"collection":[{"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/comments?post=4077"}],"version-history":[{"count":12,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/posts\/4077\/revisions"}],"predecessor-version":[{"id":5908,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/posts\/4077\/revisions\/5908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/media\/4104"}],"wp:attachment":[{"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/media?parent=4077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/categories?post=4077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldtour-outdoorexperience.com\/en\/wp-json\/wp\/v2\/tags?post=4077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}