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Money Dashboard

By: Kate Anderson | Updated: 28th April 2021.

Great for: those looking for a comprehensive budgeting aid
4.5 stars question mark

Money Dashboard

Money Dashboard Logo

If you are looking for an app that can help you effectively budget, Money Dashboard allows you to view all your accounts in one place and see exactly where it is you spend your money.

WHAT YOU NEED TO KNOW

  • It’s free to use
  • 90+ supported accounts including all major UK banks
  • Payment reminders and balance predictions available
  • Connections made through Open Banking APIs, so you don’t need to share your credentials with a third party.

what we like

  • All your accounts in one place
  • Each transaction categorised
  • Ability to set individual budgets
  • Price

    Free

WHAT YOU NEED TO KNOW

  • It’s free to use
  • 90+ supported accounts including all major UK banks
  • Payment reminders and balance predictions available
  • Connections made through Open Banking APIs, so you don’t need to share your credentials with a third party.

DISCLAIMER

Bottom line

If you are looking for an app that can help you effectively budget, then Money Dashboard could just be the one. Here you can view all your accounts in one place and see exactly where it is you spend your money. Each transaction is categorised, making it easier to pinpoint what your biggest expenses are. You can even set budgets for individual categories to help you to avoid unwanted spending. Plus the ability to see upcoming bill payments and future balance predictions means you are more likely to reach your next payday in good shape.

Top features of product

Money Dashboard’s main selling point is that you can get a full overview of your finances by seeing all your accounts in one place. You may have a main current account, a shared one for bills and one for emergency savings. Rather than switching between different apps, Money Dashboard hosts all the accounts in one place giving you a more holistic view of your finances.

What is really interesting for budgeting purposes is that each transaction is categorised. You can see exactly how much of your income is going on bills, transport, food & drink or shopping. If you want to dive deeper into this analysis, then you can see which merchants you spend the most with. So if your Amazon habit has got out of hand, this can quickly be identified.

Regular payments and bills are also highlighted. Even though they may be paid across different bank accounts, you can easily see all your bills and subscriptions in one place. Future balance predictions based on your existing bills can also help you to see how much money you really do have available until next payday.

However, there is not much use having the information to hand if you don’t do anything with it. What Money Dashboard does is also provide you with the tools to set realistic budgets and therefore avoid unwanted spending. Say you are concerned that you spend too much on takeaway coffees, the app allows you to set an individual budget for this category. You can then track your progress through the month and see how much wiggle room you really have.

What could be improved?

While Money Dashboard’s website is well laid out and easy to understand, its app is a little less user friendly. There is a lot of information to digest, and while the website’s interface means that you can benefit from handy pie charts and percentages, the mobile app is all a little more condensed.

The same information is available, but the mobile app just makes it harder to understand and compute. You can still set category budgets on your phone, but it is more difficult to track them down and see that instant overview. Therefore, you may find yourself using the website to do your main analysis and the mobile app for a regular check in.

Meanwhile, although the set up is relatively simple, it does require multiple steps and approval from your bank. Once you have selected your bank, you need to log in via its app and grant Money Dashboard permission to access your account information. While this should all be seamless, connection issues do sometimes occur.

Fees you should know about

The beauty of Money Dashboard is that it is completely free to use. So there are no fees to catch you out.

Therefore you may be wondering how it makes its money. It provides insights and market research services to help companies better understand trends in consumer behaviour. What you may also find is that Money Dashboard offers suggestions for products like credit cards or insurance services. If you were to take its suggestion, then it receives a fee from the product provider.

How do you apply?

In order to get started, you simply need to download the app or sign up via the website. The first step is to add your bank accounts, and after that you are good to go.

Service and support

Money Dashboard not only has an extensive FAQ section, but it also offers user support services. Here you are able to create a ticket in order to explain your issue.

The website also provides updates on connection status for all supported banks. So if you are experiencing connection problems with one of your accounts, you can check here first to see if it is a known issue that is being worked on.

Is Money Dashboard right for you?

If you really want to get a handle of your finances and are comfortable using technology, then Money Dashboard could be just the solution. Budgeting is an essential tool to help with our personal finances, and having all your accounts in one place can help to give you a full overview.

The app is designed to help those who may have previously struggled to make a budget or stick to one. The ability to set individual budgets based on categories, and even take advantage of an automatic budget suggestion, is designed to help you stay on track. Money Dashboard’s aim is to make money management easy, and it does just that by grouping everything together and laying it out in a way which means you can avoid unwanted spending or being caught out by an unexpected bill.

Great for: those looking for a comprehensive budgeting aid
4.5 stars question mark

Money Dashboard

Money Dashboard Logo

If you are looking for an app that can help you effectively budget, Money Dashboard allows you to view all your accounts in one place and see exactly where it is you spend your money.

WHAT YOU NEED TO KNOW

  • It’s free to use
  • 90+ supported accounts including all major UK banks
  • Payment reminders and balance predictions available
  • Connections made through Open Banking APIs, so you don’t need to share your credentials with a third party.

what we like

  • All your accounts in one place
  • Each transaction categorised
  • Ability to set individual budgets
  • Price

    Free

WHAT YOU NEED TO KNOW

  • It’s free to use
  • 90+ supported accounts including all major UK banks
  • Payment reminders and balance predictions available
  • Connections made through Open Banking APIs, so you don’t need to share your credentials with a third party.

DISCLAIMER