Managing finances can be a difficult thing with today’s complexities. Finding just the right computer software to help you with the task can be intimidating because there are so many titles out there. Most of the software out there really doesn’t help you manage your money. Instead it just becomes a fancy reminder of how badly you have managed your money and tells you where your money went instead of where it should go. In my search for good financial software, I came across a great software package called MoneyWell.

MoneyWell is not just a digital ledger for your finances, though it does that very well. It is also an envelope system at the same time. MoneyWell uses the analogy of buckets that you fill with money instead of envelopes. You set a budget based on your spending for different categories and MoneyWell lets you know how well you are doing against that budgeted amount. So you can actually see where your money is going instead of lamenting after the money is already gone. I have used this software for a few years now and I have really grown to love it.

Recently the developer of MoneyWell, Kevin Hoctor, put out a new update which changed the interface quite a bit. It really made it nicer to look at and updated it to the new Lion/iOS look and feel. Many people got upset and felt it was completely different and there was some uproar over at the Mac App Store about it. In and effort to show how the program is similar to old one and some of the things that have changed, I did this screencast. Hopefully it will help people to decide whether to upgrade or not. Personally, I like the new interface and some of the changes that were made. There are some things I would like to get back, but over all it has been a good upgrade for me.

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Tags: Tutorials, Mac OSX, Apple, Screencast, Finances