moneyStrands – Another Free Budgeting Tool

moneyStrandsI just recently wrote a detailed review of online budgeting software targeted at New Zealanders. And this morning I discovered moneyStrands.

I have not had a chance to play with this much in detail as yet but I have been impressed with every single part of my exposure to this tool so far. The website is fantastic, the software looks intuitive, and the features look very impressive. Comprehensive budgeting, alerts, and reports. Compare your budgets and spending behaviour to the wider community. Budgeting and spending recommendations targeted to you based on your activity history. So new things in here not found in any of the software I have reviewed in the past.

And yes it does offer automatic bank feeds for ANZ, Westpac, ASB, TSB – and maybe others.

Oh wait – and there is a native iPhone app for moneyStrands that at first glance is one of the nicest looking iPhone apps I have seen.

Looks like Mint.com for New Zealand may have arrived. In fact one reviewer said:

When put head to head with its competitor, mint.com, we believe that moneyStrands is a more complete personal finance app and much more user-friendly.

Stay tuned for a more detailed review in the future – I am off to have a play…

UPDATE: I have now spent some time in moneyStrands. It is a nice start, but a few key features are missing such as recurring budget items, being able to see upcoming bill payments, and any type of forecasting. It is basically a ASB "Track My Spending" on steroids. If you want to be able to categorise your spending and compare your budget to a wider community then moneyStrands is for you. If you need more functionality (as I do) then you should be looking at tools such as Buxfer, PocketSmith and others that I reviewed in my last post.

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