SplashMoney discount code: Get 20% off this product in the TamsShop with the code SPLASHFORCHEAP
When personal finances are concerned, the belief that big, onetime expenses are the killer is widespread. I personally think that it’s the frequent little things that get ya – but in the end, if you can’t track your cashflow, all discussion is moot! SplashMoney promises to bring your finances under control(and do online banking – ignored here) – but can it cope with the harsh realities of the everyday life of a person like me(many income and outcome streams)?
SplashMoney is centered around accounts. A SplashMoney account can be a credit card, a bank account or a cash stack – it essentially doesn’t matter one bit. Each account can have an unique icon assigned; a list of all accounts is shown in overview mode:
Each one of the accounts contains transactions. A transaction is a move of cash – either into or out of the account. Transactions can be arranged in categories in order to simplify budgeting.
I especially liked the feature to note down unpaid income – handy for all those partners who don’t pay their bills quickly(you know who you are?). However, there is no way to handle transactions from one account to another – this is the number one feature I want to see in SplashMoney 5:
Frequently occurring payments can be processed automatically, too.
Each category can be assigned a “monthly budget”. This way, you can easily keep in check how much you spent on what:
Last but not least, the program can also render charts:
SplashMoney can protect itself with a password. This means that a password is required whenever SplashMoney is opened – while this increases privacy, it also is a major nuisance. A faster authentication method(e.g. tap on image) would have been better…
This review looked at version 4.09 of SplashMoney on a Palm TX. The program was stable in the reviewing period, it needs approx 800k of RAM!
Overall, SplashMoney CAN do what it promises – the emphasis is on CAN. Finance manager programs can only work if you don’t allow to yourself to cut some slack – every centime must be tracked. If you have the discipline necessary for that, SplashMoney will prove to be an invaluable assistant even with its current multi-account quirk – the price of 30$ is a bit high at first, but will pay out eventually!
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This program has worked wonders for me! I’ve been using it for a little more than two years now and every single transaction, check card, credit card, cash has been recorded and categorized. By tracking my spending, running reports, and creating budgets I’ve gone from spending aprx 10% more than I was making and racking up debt two years ago, to becoming debt free and running at a 20% surplus on my personal finances for this year. I’m finally saving money! Another great feature is that I’m able to do an online sync of my Treo every day to my bank accounts so I never miss a transaction.
Hi,
as said-> its a matter of discipline…
Best regards
Tam Hanna