Moneydance Review 2023

Jeremy Biberdorf By: Jeremy Biberdorf Mar 01, 2023
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4.4 rating based on 5 ratings

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In a nutshell: Moneydance is a financial software that lets users track and manage their finances with ease. Although originally Moneydance catered to Mac users, it’s also available for Windows and Linux at the same price.

With an easy-to-use interface and a comprehensive set of features, Moneydance has become a popular option for money management. While it might look slightly intimidating, it’s an intuitive platform with a fairly easy learning curve.

Moneydance has helped many people manage their money, but is it right for you? Keep reading for a comprehensive review so you can see if Moneydance aligns with your needs and preferences.

$49.99 | All versions
(Max OSX, Windows, or Linux)
Free (limited) demo version

Moneydance App Screenshot

Pros & Cons
  • Comprehensive and intuitive platform
  • Competitive pricing and one-time fee
  • Free demo version
  • Money-back guarantee (90 days)
  • The dashboard can feel a bit crowded
  • Importing issues are not uncommon
  • Customer support may be slow

Moneydance Review 2023 | Is Moneydance Right for Me?

With so many budgeting software apps and websites out there, you may wonder if Moneydance is the best option. Ultimately, it helps to know what your needs and preferences are so you can determine if Moneydance is right for you.

Moneydance offers a comprehensive budgeting program that will meet the needs of most people. You can track much more than just your budgeting, with investment tracking, currency conversion, and other useful features.

A competitor like Quicken (Quickbooks) charges a subscription fee, whereas Moneydance charges a one-time fee. Depending on your preferences, this may help you decide which one is better for you.

Read on to learn more about Moneydance, including how it works as well as its key features.

How Does Moneydance Work?

A great thing about Moneydance is that you can try it for free before committing to a paid version. So, you can download the software with no risk to see how you like it.

After 100 transactions, however, you will need to purchase the software for a one-time fee of $49.99 to continue using it.

Moneydance is different from many budgeting apps and sites in that it uses open-source API. This is neat because you can develop custom extensions and add new tools to the software without having to pay any more money.

Overall, Moneydance provides a comprehensive platform. Your dashboard contains all your finances, from budget spreadsheets and investments to savings and any other assets. You can even pay bills right from the app.

To get started with Moneydance, simply download it for your operating system (MacOS, Windows, or Linux). While there are now apps for iOS and Android, Moneydance works best for desktop use.

Moneydance Features

Moneydance offers its users many useful features, including the following:

  • Summary – Moneydance’s summary page is a great way to get a quick overview of your financial situation, from bills and loans to your net worth and investment performance. With just one page, you know where you stand, and the ability to add to the calendar is a great feature.
  • Graphing tool – Many of us are visual learners, and it’s helpful to be able to generate different kinds of graphs for different purposes. Moneydance makes it super simple to create preset and customized graphs.
  • Bill pay – One great feature of Moneydance is the ability to pay your bills through Direct Connect (the same program used by Quickbooks).
  • Payment reminders – Missing bill payments is a great way to get hit with fees and/or interest as well as lower your credit score. Moneydance can send you payment reminders which makes this much less likely.
  • Budget reports – The ability to generate budget reports through Moneydance is a helpful feature. You can create budget reports as well as investment reports, whether you want to see reports on your account balances, budgeting, cash flow, income and expenses, capital gains, etc.
  • Track investments – Moneydance makes tracking your investments (and investment performance) easier than ever. You can quickly see your total portfolio value as well as the performance of individual investments and securities. You can even track CDs, mutual funds, and many other investments that other money management apps do not.

Moneydance Pricing & Plans

Many software programs these days offer a subscription-based service. Moneydance competitor Quicken (Quickbooks), for example, charges an annual fee.

Moneydance, on the other hand, charges a one-time flat fee of $49.99. This means you’re not on the hook each month or year, and there’s also no upselling.

You can even try the software for free for 100 transactions before committing to buying it.

Is Moneydance Worth It?

Moneydance is a great money management software that will cover the needs of most people. It’s comprehensive and easy to use, although there is a bit of a learning curve at first.

One great aspect of Moneydance is that you can try before you buy, and the purchase price is relatively affordable and a one-time fee. This helps set it apart from some of its competitors.

That said, many personal finance apps and websites offer solid free services. So, depending on your needs and preferences, you may not need everything Moneydance offers.

To check Moneydance out for yourself, click here so you can see if it’s the right option for you.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to and Benzinga.