4/1/2023 0 Comments Banktivity 8 review![]() ![]() You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. Quicken is a popular personal finance software, but it’s designed strictly for Windows users. If you use Mac, Quicken is not an option. But that’s where Banktivity comes into the picture. Banktivity is a personal finance software app designed specifically for Mac devices. The company claims customers save $500 a year and 40 hours of time using the Banktivity app. About Banktivityīanktivity is offered by IGG Software. They describe themselves as a small company based in Putney, Vermont. They focus on writing applications for Mac and Apple mobile devices. Their apps are designed to help people manage their paychecks, bills, and their financial futures. Gillespie, which is where the “IGG” in the company name comes from. The company is comprised of professionals who work remotely, with the idea that eliminating commuting cuts their carbon output. One of the features that differentiate Banktivity from the competition is that they interact with their customers. For example, if you have an idea for an improvement or a new feature, you can submit your request and they will consider implementing it. They encourage feedback from their users in an attempt to continuously improve the product. The current iteration of Banktivity–Banktivity 7–is the seventh in the line, and was rolled out in September 2018. Banktivity is available for Mac, iPad, and iPhone devices. How Banktivity Worksīanktivity works by connecting all your financial accounts in one place, so you can make smarter decisions. You sync your accounts on the app, and the information is held on the Banktivity private and secure cloud. The app can be set up in a matter of minutes. You can connect to more than 14,000 different banks, and the app even allows you to track the value of your home and any other real estate you own. Once you’ve set up the app, and synced your financial accounts, you can set up digital envelope budgeting. That will give you complete control over your finances, by enabling you to make a plan for spending each dollar out of your paycheck. And you can make payments using either cash, checks, debit cards, or credit cards. Every position shows daily and total changes. Banktivity Investor downloads up-to-date quotes from Yahoo Finance automatically at launch. It even prioritizes your budget, putting your most important envelopes first. Banktivity Investor Features See the performance of every investment, down to the lot. From there, you start filling your less important envelopes. And when an envelope is empty, it means no more spending can happen in that category. The app even allows you to adjust for overspending in a category. When you do, you move money from another envelope to cover the higher expense in the other category. You have to pay for the mobile app and to sync with your accounts. By Lori Fairbanks published + This software automatically tags transactions when you upload them. This keeps you from having to borrow money or tap savings to cover the excess expense. Reviews Banktivity Review Banktivity personal finance software includes strong budgeting tools and gives you multiple options for connecting to your accounts. This is the key to improving your financial situation. And it's insulting that loans, which are just an amortization table are now considered a premium service.While you’re using your digital envelope system to pay your expenses, you can also set up financial goals. I don't use, or want, direct access, but I do want investment quotes. It's a pity, I would have paid for a Banktivity sub gladly if they were reasonable. And Access would be a better choice, but I am not good enough with that to use it. You do need some minimal spreadsheet knowledge of course. It's sort of better because I have much more control of the data and can do reports and charts exactly the way I want. It's not as smooth (or pretty) as Banktivity, but it works. Account register's for all my accounts, and a summary page that adds income/expenses together. I spent a couple of hours this week and created everything I wanted from Banktivity in Excel. I would use Banktivity to keep track of spending, then transfer the numbers to my budget spreadsheet once a week. I was already using Excel for an extensive budget that is highly personalized to my needs. Excel or any free spreadsheet software will work. ![]()
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