As a young, urban, socially connected individual, management of money is of utmost importance. With the world progressing towards a paperless society, keeping track of your money can get a little tricky.
Effortlessly combining money management with social media, the MoneyStrands app should be your next download. A fairly young application, MoneyStrands targets the younger twenty-something crowd. It allows you to manage your finances whilst comparing your financial habits with peers in your social circle.
As soon as you download the app, you are required to create an account:
This account is free of charge and will store all your financial data in a secured manner. The data includes your personal information, expenses, points of revenue, spending habits and so on. A live demo can be viewed by newbies which outline the application and provide assistance when required.
MoneyStrands user interface is easy-to-use and allows you to navigate through the app effortlessly. With features such as:
You can avail of all the benefits of the app.
For those that use multiple bank accounts, MoneyStrands offers you an option to add several accounts at one go. The app streamlines the information of each bank account and you can access it at any time.
MoneyStrands categorizes your transactions and accordingly displays expenses under appropriate sections. Changes can also be made to existing or new transactions when required.
Probably its best feature, MoneyStrands allows you to analyze your monthly expenses according to your budget. It offers the user charts and diagrams that illustrate the spending habits of the user. This will help you to review your budget, make assessments and make decisions accordingly.
MoneyStrands allows you to compare your financial health with that of your peers, thanks to its Community tab. This tab provides charts, graphs and trends followed by people similar to your demographic. With an extensive list of expenses such as bills, education, food and dining, entertainment and much more, you can get a clear indication of the spending habits of your peers.
The categories can be customized according to each user’s preferences. This allows you a greater deal of liberty and understanding into your own finances. You can easily switch from one demographic to another or refine your search according to age, gender, location, etc.
With the launch of its iOS and Android app, MoneyStrands is an indispensable application on your phone. With its cheetah fast navigation, you can expect systematic updates on your financial situations and maintain a record of your money.
Fingerprint recognition ensures that your data is accessed by only you and that it is kept safe from any unpleasant hackers. Should you encounter any glitches; MoneyStrands customer support will sort out issues for you in no time!