App Review: Money Lover (Being Financially Smart in Your 20s)

When we begin to reach our early 20s, most often than not, this is the time when we also start to gradually transition into individuals searching for purpose. And it is never easy for anybody. In fact, most of us struggle to keep ourselves together as our packages begin to become heavier in each passing year.
With great power comes great responsibility“, they say.

On that note, it is ultimately inevitable to think about our responsibilities as young adults.
Being in your 20s is like being thrown out to the battlefield unarmored. Although, we could always look for ways to survive by being resourceful and wise. Especially in our world right now, technology has been advancing more and more, and most likely, your weapon to survive might already be right under your nose.


With all those in mind, here we are going to take our focus into being financially smart during our 20s.
It is vital that we become more aware of how we should handle finances that come our way.
Assuming that you’re here because you are on the step where you really want to be wiser in terms of handling your money, then I hope I could be able to be of help to you today!

In this post, I will be sharing and reviewing a finance-tracker application available on both Play Store (Android devices) and App Store (iOS devices). This app is called the Money Lover, an intuitive and cross-platform finance app that could help you be mindful of many things related to you handling your money.
Personally, I have been using this app for two years, that’s why I am confident to be recommending this tool that has helped me manage my finances for a couple of years now, and that I could say an effective one.

First, I’d like to show you a few of the most important features of the app that basically are what makes it golden.
Just a note that if I happen to miss out on some more features, you can always check out their site here.


This one is where you could add your wallet/s.
Through wallets, you can organize your finances according to groups such as your cash-on-hand, money per bank account that you have, and so on.
There is this feature where you can choose whether to include or exclude your wallets from the total. In my case, for instance, I’d opt to exclude money that is from my savings accounts, and include money that is for my daily expenses so I would be able to monitor how much money that’s left on my expenses budget, and somehow helps me control my spending.

Add Transaction

You will also be able to see and monitor your transaction history once you click on a wallet.
Being able to see how much and where you spend your money on a regular basis helps you become aware of your spending habit, and may be able to cut-off if you feel like needing to.
If you click on the “+” button below, it is where you can add a transaction. For example, you have ordered take-out, you should input the amount you’ve spent, choose the Expense category and then choose Food & Beverage, add notes if you want to, select the date of when you’ve had this transaction, and choose which wallet to apply this transaction.
Once done, just click “Save” and you will be able to see it on your transaction history.
You can also choose Income from the category in such case when you have received money from your salary or some other hustles, and deposit it as an income to your transactions.


The Report tab is where you can see an overview of your transactions per month.
There are the Opening and Ending Balance, your auto-computed Net Income, bar graph, and your spending chart. Being able to see your financial reports would give you a detailed rundown on how your expenses and incomes have performed.


The Planning tab is where you can see different categories of financial planning you might want to do, such as budgeting, events, recurring transactions, and bills. Each category has a description of how it’s supposed to be used. I say these tabs are really helpful because they could help you be more organized in your finances, and as well as could save you time.


Lastly, the Account tab is where you can see your personal account settings.
Here you may be able to connect to your online banking accounts, but based on my own experience, there are still few banks available in my country in this application so I wasn’t really able to connect to banks that I have.

Review time!

On a scale of 1-10, I will honestly rate this app 9/10.
Almost perfect, quite there, but still could use more improvement, which I bet the developers do work on.
In my everyday life, I see to it that I have my finances monitored. I have tried to use Microsoft Excel but to no avail. Perhaps I preferred an app that is used solely for financial tracking, in which Money Lover has been one of the best there is. For two years (and counting) of use, it evidently has helped me improve my basic financial literacy.


The most important pros of this app for me is with how it will surely help you be mindful of your spending habit, being aware of the flow of your personal finances, and learning to be financially smart. As I’ve mentioned, us in our early twenties could use so much learning as we grow older, and being wise on our finances should be one of our top priorities. Well, basically, all of us, despite the age range, could still learn about these things in our lives.
Learning is a never-ending process, and being literate in financial handling could definitely get us to some place.

This app as well could be used for FREE. Yep, you’ve heard it.
My first few months of trying this app out were from its free version, although it has limited wallets. And I needed to have unlimited wallets just in case I get to have more accounts than I have now.
It’s nice that the payment for the premium version is a one-time one. Meaning, you don’t have to worry about the monthly recurring charges because you’ll basically pay for the premium version once and it’s all yours. It is not expensive as well. It really is worth the purchase, for me.



I think the only con that I’ve observed as an avid user of this app is that it must have more banks I can connect to (banks that I have accounts on, specifically). It is never a bummer to me to be manually entering all of my transactions even with the smallest ones such as paying for my phone load credits. I mean, I wanted to monitor my finances, right?
So, yup, I think having to access more banks in this app could be useful in the future, although I need my transactions to be safe and secured.
The developers have also managed to put up web-based access to this app, but the last time I checked, there are features that they still haven’t completely migrated from the features of the mobile version. So I hope they could also finish working on that soon because I am on my laptop just as much I am on my phone. Lol.

I do hope that I’ve covered here all the things you might need to know about trying this app out.
If I haven’t, please do comment on your questions I might be able to answer.


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