Money Lover is a financial tool that helps a person to keep a track of their money inflow and outflow. I personally never get time to keep a record of my expenses. I am always busy due to hectic office timings and never have enough energy to go through my expenses and investments. I register on this app so it can help me to track my income & expenses and can show me the way through which I can accomplish my financial goals. Financial discipline is a very important part of life and should always be in our top priority. Money Lover gets access to users messages and whenever a transaction is done be it from a bank account, debit card, credit card or a merchant terminal. It keeps a record of all the money outflow and at the same time money deposited into the account. Through this data it prepare a chart through which users can see how their finances are going and can take necessary steps when ever it is needed.
Layout is good and it is easy to understand the accounts. Anyone even from a non commerce field can understand how his finances are doing and what need to be done to curb unwanted expenses. It also sends notification about various expenses and alert users that how much money they are left with and whether or not to spend more in a particular month. The design is also good and the facts & figures are displayed in a professional way.
Apart from tracking the expenses it also keep a record of all the bills that a user has to pay in a month and also notify a user about the due date. It always remind users to pay bills on time in order to avoid any late charges. Users can also plan their financial goals on the app and it shows the progress towards achieving the goal. Also, it notify a user for do and don’t to achieve a particular goal.
It is good that this app provide a list of features and functions. However, the biggest problem I have found is the accuracy. The data and statics build by the app is based on the financial transactions tracked through the messages on the phone. I noticed a number of time that it fails to detect a message about a transaction or money withdraw. When a transaction is missed then the whole data gets interrupted and the final results are not reliable. So, the developers should do the necessary upgradation to make it more reliable.