Is MoneyDance Legit?

Jeremy BiberdorfBy: Jeremy Biberdorf

April 22, 2023April 22, 2023


When it comes to managing your finances, finding a reliable and comprehensive personal finance software is crucial. MoneyDance is one such software that claims to offer a wide range of features to help you manage your financial life efficiently.

But, is MoneyDance legit? In this article, we will explore the company’s background, key features, and why MoneyDance is worth it for managing your finances.

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Moneydance Company Background

Moneydance Website

Moneydance is a personal finance software developed by The Infinite Kind, an independent software development company focused on creating powerful and user-friendly applications. The company was founded in 1997 by Sean Reilly, who serves as its CEO. With its headquarters in Edinburgh, Scotland, The Infinite Kind has spent more than two decades dedicated to delivering high-quality financial management tools to its customers.

The Moneydance software was initially launched in 1999 as a Java-based financial application. Over the years, it has evolved into a comprehensive personal finance solution, offering a wide range of features such as budgeting tools, investment tracking, online banking, and bill payment reminders. The company’s primary goal is to help users gain control over their financial life by providing an intuitive platform that simplifies managing bank accounts, credit cards, investments, and budgets.

As an independent company, The Infinite Kind has been able to prioritize the needs of its customers and maintain a strong commitment to product improvement and customer support. This approach has allowed the company to build a loyal user base and consistently receive positive feedback from its customers.

The Moneydance software is available for multiple platforms, including Windows, macOS, and Linux, and it also offers mobile apps for iOS and Android devices. This cross-platform compatibility makes it easy for users to manage their finances on the go or from the comfort of their personal computers.

Overall, the company’s background and dedication to creating effective financial tools have played a significant role in establishing Moneydance as a legitimate and reputable personal finance software solution.

Customer Reviews

Moneydance has garnered a strong reputation among its users, earning high ratings on various platforms, including a 4.7 out of 5 stars from 242 ratings on the Apple App Store. Many customers have shared their positive experiences, praising the software for its ease of use, convenience, and ability to help them manage their finances more effectively.

One user, who used Moneydance to build a bill calendar, shared how the app has saved them thousands of dollars in fees and eliminated their stress over finances. They appreciated the seamless integration between the desktop version and mobile app, which allowed them and their spouse to stay on top of their finances and avoid overdraft fees.

Another review highlights the software’s speed, design, and consistent updates, which sets it apart from other personal finance software available in the market. Moneydance’s satisfied user base and well-supported features make it a popular choice for those seeking a reliable and efficient tool to manage their finances.

“The $50 I paid for the app has saved me so much money! I was able to build a bill calendar on my PC app that gives me a month view of when bills are due and when paydays are. Me and my wife have the phone app and it makes doing the checkbook a breeze! We used to have 5 or 6 overdraft fees a month because we didn’t do a checkbook. I haven’t had an overdraft fee in 3 years and am way ahead on my bills now. Thanks Moneydance, this app has saved me thousands of dollars in fees and I no longer stress out about my finances!”
“Moneydance is…fast, well-designed, regularly updated, and well supported, and which seems to have a very satisfied user base—superlatives not often used in conjunction with Quicken, the major player in the Macintosh personal finance market.”

Key Features

Financial Accounts Management

MoneyDance allows you to connect with various financial institutions and manage different types of accounts, including bank accounts, credit cards, and investment accounts. The software streamlines your financial transactions, making it easy to monitor your balances and stay on top of your financial life.

Online Banking and Mobile Apps

With MoneyDance, you can perform online banking tasks such as downloading transactions, scheduling payments, and checking balances directly within the software. In addition, the platform offers mobile apps for iOS and Android devices, providing you with the flexibility to manage your finances on the go.

Budgeting Tools and Spending Categories

MoneyDance offers robust budgeting tools to help you create and track spending categories. The software also provides a color-coded graph for visual learners, making it easy to understand your spending patterns and adjust your budget accordingly.

Payment Reminders and Overdue Transactions

Never miss a payment with MoneyDance’s upcoming bills and transaction reminders feature. The software also highlights overdue transactions, ensuring that you stay on top of your financial obligations.

Investment Tracking and Asset Allocation

MoneyDance offers comprehensive investment tracking features, including support for mutual funds, stocks, and bonds. The software also handles stock splits and cost basis computations, helping you stay informed about your investments. Furthermore, MoneyDance provides an Asset Allocation feature that enables you to view your investments’ allocation across various asset classes.

Customized Reports and Financial Tools

Generate customized reports with MoneyDance to gain insights into your financial habits and make informed decisions. The software also includes financial tools such as a loan calculator and currency converter, enhancing its overall utility.

Seamless Integration and Auto-Complete Feature

MoneyDance supports the import of financial data from other personal finance apps and offers an auto-complete feature that helps you quickly enter transactions, reducing the likelihood of duplicate entries.

Foreign Currency Transactions

For individuals dealing with multiple currencies, MoneyDance provides support for foreign currency transactions, making it easy to manage your international financial dealings.

Final Thoughts – Is MoneyDance Legit?

MoneyDance is a legitimate and reliable personal finance software that caters to the diverse needs of its users. With its comprehensive features, user-friendly interface, one-time fee, and 90-day money-back guarantee, MoneyDance is worth it for individuals looking to manage their financial life efficiently.

The software’s ability to handle various financial accounts, including bank accounts, credit cards, and investment accounts, coupled with its robust budgeting tools, makes it an excellent choice for individuals seeking to gain control over their finances. Additionally, MoneyDance’s investment tracking features and support for foreign currency transactions make it suitable for those with complex financial portfolios.

Moreover, MoneyDance’s mobile apps and online banking capabilities offer the flexibility and convenience that many users need in today’s fast-paced world. The software’s customized reports and financial tools also provide valuable insights to help users make informed decisions about their financial future. Click here to get started today!

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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