MoneyStrands is an app that is designed to help you manage your money, achieve your personal finance goals and start making smarter decisions. It is powered by Strands.
MoneyStrands is personal finance software aimed firmly at app fans and a package that adds in a distinctly social aspect to your money management housekeeping. In fact, there’s even a community area of the program that lets you compare your own spending with other people who have similar habits or patterns to the way they part with their cash.
Like many personal finance apps, MoneyStrands works because it simplifies dealing with your financial affairs. Therefore, once you’ve got the app on your phone you get easy-to-digest facts and figures on all aspects of your money movements. There’s analysis, including the ability to click on Expenses and Cash Flow tools.
MoneyStrands comes with lots of appeal, although there are limitations currently. There’s no desktop edition of MoneyStrands either, which isn’t a big deal as this software is all about convenience and being able to better manage your money on the move.
Being able to do that on your mobile device makes obvious sense. Using the software couldn’t be easier, with an interface that lets even those with the most disheveled of finances pull things into better shape with the use of a few screen taps.
MoneyStrands works with Yodlee to deliver the secure API aspect of the app and its currently completely free-to-use appeal is obvious. The app is only available unless you’re in America, it can’t be used outside US.
How much does MoneyStrands Cost?
The MoneyStrands app is currently completely free to use, although its creators have suggested that in future there may be additional functions added that will form part of an optional premium suite of features. There is no cost fee that is to be paid before using the app because it is a free used app.
All you just need to do is download the app and register then you are free to start managing your money and improve your financial affairs through using the app.
The app also offers few flexible plans to their customers with the basic cost of a license starting from $149 per user/month.
How MoneyStrands works
Like many personal finance apps, MoneyStrands works because it simplifies dealing with your financial affairs. Therefore, once you’ve got the app on your phone you get easy-to-digest facts and figures on all aspects of your money movements. There’s analysis, including the ability to click on Expenses and Cash Flow tools.
However, the really cool aspect is the Community tool, which lets you compare your finances with others who have similar spending habits. This gives MoneyStrands something a bit different.
Using the built-in calendar and budgeting options you can create a plan for your finances, which is especially useful if you’re not great with money or have complex incomings and outgoings. So much so that there’s a tool for letting you know if it’s okay to spend or not, which is invaluable for curbing those impulse purchase moments.
It is also available for both the iOS and Android platforms. Connecting the app to your bank accounts and credit cards might seem like the most difficult aspect of the service, but this is actually a straightforward process that should work as expected.
All you need to do once the registration and log-in process has been completed is to pick your way through the list of bank logos, select your bank or credit card company and enter your details.
The security are alleviated with the app having fingerprint log-in capability, 256-bit SSL encryption and additional security features design to keep you and your money safe and secure. They provide the safest and secured way to keep your money and your personal details from any third party.