Pennies App Review Archives - Hustler Money Blog

Pennies is offering a new way to kep track of your spending and saving money. This is an award winning budgeting app that is available on iPhones, iPads and Apple Watches. Unfortunately, this app is not yet available for Android devices. A winner of Apple’s “Editor’s Choice” award, Pennies is the self-proclaimed budgeting app for everyday people.

Sign Up For Pennies

(Visit Pennies to learn more)

See stock broker promotions and investment bonuses here.

Pennies Features

Pennies strongest point is its simplicity. The app doesn’t really bother itself with where your money is coming from or what you’re buying. Instead, Pennies focuses on making the budgeting process as streamlined as possible.

Set Budget

Setting up a budget is easy to do. Here is what you need to do:

Choose from a one-off or repeating weekly, biweekly or monthly budget
Assign a name, start date and currency type
Enter the amount available to spend

Add Transactions

New transactions take only a couple of seconds to enter. Just tap on the “+” button and follow the prompts.

User-Friendly Interface

Pennies makes it super easy to see, at a glance, how well you’re doing with your budget. If you’ve spent too quickly, the app will warn you by turning the background red. If you’re seeing green or blue, that means you’re good to go for awhile.

Pennies Pricing

To get their premium services and excellent budgeting tools, you must pay a one-time fee of $3.99.

Limitations

Do keep in mind that there are some things that you should consider before spending some money on Pennies.

Only Tracks One Source

Unfortunately, this app can only track one source of money. So, if you have multiple bank accounts or payment methods, you will not be able to track them. From here, consider a different budgeting tool.

No Transaction Details

If you love looking at the details of your transactions, then Pennies may not be the tool for you. The app does not let you enter additional transaction information, like payee names or notes about where the money is being spent.

No Syncing to Accounts

Because it focuses on simplicity, Pennies does not sync to your financial institutions. Again, it only tracks one source of money at a time.

Bottom Line

Pennies simplifies the budgeting process by guiding you through it all. The app has everything you need to track where your money is going and how much you have left to spend. However, if you are looking to do more complicated finances or you want more details, then you may want to look elsewhere.

Sign Up For Pennies

(Visit Pennies to learn more)