You definitely have your pick when it comes to budgeting and money management tools. Like YNAB, Personal Capital and Mint, Money Patrol (moneypatrol.com) not only puts all of your finances in one place, but the software also helps you make sense of it all, giving you a better idea of where you stand so you can make good money decisions. Let’s take a closer look at Money Patrol below. See the best personal finance apps of here.
Money Patrol Features
Money Patrol provides money management tools to help you improve your financial health:
- Supported accounts. Money Patrol lets you connect to more than 15,000 financial institutions in both the United States and Canada.
- Transaction monitoring. See a history of your transactions, verify them, and spot suspicious charges and fees quickly. You can retrieve transactions going back one full year.
- Alerts. Get text or email notifications relating to your expenses, income and transactions, which helps you to stay up to date on your finances.
- Reminders. Set one-time or recurring reminders for bills so you never forget a payment.
- Budgeting. Create a budget with categories and manage your finances on a month-to-month basis.
- Cash flow insight. See what’s going in and out of your accounts, so you can create a realistic savings plan based on your financial situation.
- Investment monitoring. Money Patrol can also track your investments, helping you see your overall portfolio breakdown, as well as individual 401(k), IRA and brokerage accounts.
- Loan monitoring. Track your loans to see your payment history and what you still owe.
- Document storage. Upload receipts, statements or other financial documents you might want to keep in one place. This unique feature might be useful when it comes time to do your taxes.
Members can access their dashboard which gives a detailed overview of your financial situation, such as recent transactions, spending insights, budget updates, upcoming recurring payments, credit usage and more.
If you want, you can grant another Money Patrol user access to your account. This will allow your chosen person to view your insights and summaries, never your specific account information. They can’t add or remove any of your accounts, and you can take away their access at any time.
How Money Patrol Works
Money Patrol monitors all your financial accounts securely and helps you track your spending and manage your personal finances overall. Here’s how it works:
- Register. Sign up for a Money Patrol account and subscribe (more on subscription and pricing later).
- Add your accounts. Connect to your bank, credit card and mortgage providers, and other financial institutions.
- Receive alerts & insights. You’ll have access to a customized dashboard, and Money Patrol will send you text and email notifications regarding your accounts.
From there, you can use the information to make good financial decisions and manage your money more efficiently.
Money Patrol Subscription & Pricing
Money Patrol is usually $7 per month, billed annually for $84. However, currently the subscription is 30% off ($4.99 per month, billed annually for $59.99) after a 15-day free trial. You can cancel your subscription anytime.
Bottom Line
Money Patrol is a solid, all-around money management tool that’s great for tracking your finances. You’ll get regular notifications, so you’ll always be on top of your cash flow. If you want a fairly hands-off way to understand how, when and where your money goes, this software can definitely help.
You might also be interested in Mint. It’s a free budgeting tool by Intuit that automatically syncs to your bank, credit card and investment accounts and easily pulls data to make budgeting effortless.
See our brokerage and investment offers page here.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Unlock Your Trading Potential with Interactive Brokers – Click Here to Learn More!
Discover more from MoneysMyLife
Subscribe to get the latest posts sent to your email.