updated 06:15 pm EDT, Fri August 31, 2007
MoneyWell personal finance
MoneyWell is a new piece of software from No Thirst Software that helps people take control of their spending. The tool uses Spending Buckets and a Money Flow Graph all presenting real-time feedback, so that the user knows immediately when spending is getting out of hand by looking at the single-window interface. With spending buckets, users drop paycheck transactions into an income bucket. Then users can allocate that income to expense buckets for rent, groceries, dining, and other user-defined categories. As money is spent on an activity like dining out, the "Dining" bucket empties until it visually tips over when no money is left to spend. In addition to the always-visible buckets, there is a Money Flow Graph below the list of transactions that compares planned versus actual spending. With cash flow management, each bucket can be told which half of the month money is needed so users can balance their cash flow. Buckets are also given a priority to help users allocate income to expenses like rent before entertainment. The tool is priced at $40 and requires Mac OS X 10.4.9 or later.