Dollarbird’s most exclusive feature is the calendar. This feature is displayed prominently on your dashboard and gives an overview of your spending. Here, you can see categorical expenses and comparisions with previous month’s averages. Each calendar will give you a prediction of your income and expenses at the end of the month, based on transactions in the past months. The running balance on the last day of the month will adjust each day as you fiddle with the numbers.
The app opens to the current month and each day displays two numbers. The number on top shows the daily balance for income and expenses while the one on the bottom shows the overall running total for spendings.
The app’s other main feature is the ability to add transactions. While this feature is standard on budgeting apps, Dollarbird’s method is able to stand out with its simplicity.
Simply tap a button on each transaction to designate whether it’s an expense (-) or income (+). Next to the button are two fields: one to enter the amount and one to label it. The latter option is meant to add in more details like the name of the store or website where you purchased from, or where the money came from if it’s income.
Next, choose a category for the transaction. Dollarbird comes with 12 default categories:
|Car & Transportation||Fitness||Income|
To make viewing easier, you are able to color-code and add on custom categories.
Additionally, you can mark transactions as recurring and add a description that’s wordier than the label field. Finally, there’s the “Confirmed” checkbox. Tap this if the transaction went through and Dollarbird will add the transaction to your total for the day as well as your running total for the month.
When you tap on a future date, you’ll create a projected balance. This prediction is based on confirmed transactions up to that particular day, plus all your unconfirmed ones between the day after today until the selected day.
With the Pro version of Dollarbird, you are able to create unlimited teams of 1 to 3 members and 20 calendars in total. If you upgrade to the Business Plan, you are able to create unlimited teams of unlimited members and unlimited calendars.
Members have to be invited as a collaborator on your team in order to share and contribute to your calendars.
Dollarbird Plans & Pricing
Dollarbird offers three different plans to choose from:
|Monthly Pricing||$0||$4.99||Contact Dollarbird|
|Annual Pricing||$0||$39.99||Contact Dollarbird|
The Free Plan is a great way to see if the app is a good fit for you. Once you’ve gotten used to Dollarbird’s features, you can upgrade to the Pro Plan for an advanced collaborative option.
The Business Plan offers collaborative financial planning and tracking for small businesses. The pricing for this plan depends on the type of business as well as the number of calendars required and the number of team members that will need to access them.
Before you use Dollarbird’s services, make sure to keep the following in mind their limitations:
- No option to automatically populate transaction activity. All transactions have to be added and confirmed manually.
- There’s no capacity to set budgets, which is odd for a personal finance app. However, future projections sort of makes up for it.
- No alerts or notifications when bills are due.
(Click the link to learn more at Dollarbird)