In continuation of our Modern Money Managers series, I tested out ManageME7. Previously we have looked at others including Mint, moneyStrands, Microsoft Money, and Buxfer.
Finding an online tool to manage your money is a great way to promote financial responsibility and understand where your money is going. Finding the right one for you is the key. Especially if you're a student, you don't need to be dragging financial stress around with you on top of academics. With ManageME7 I wasn't completely satisfied, mostly because the free membership didn't offer the service I was looking for.
ManageME7's free membership offers the bare minimum. It's so bare you have to enter each transaction yourself for each account you have. It is time consuming, and I wasn't willing to take the time to enter transactions I made in my many accounts. If I was to use ManageME7, I would definitely need to upgrade to a paid membership costing between $7 and $10 a month.
I will say though, if you used their upgraded membership, ManageME7 would be a great asset to your financial success. With the upgraded membership you can simply import your bank statements and transactions are automatically updated. The dashboard is easy to read and use with the option of managing an unlimited number of accounts. A calendar allows you to track all of your transactions and to see your reminders. A neat attribute is that it allows you to enter your transactions in any currency you choose. If you plan on traveling out of the country that would be a big benefit. Plus it has a nifty calculator that sits up at the top and is available to use at any time. Another ManageMe7 perk is that you earn cash rewards by referring people to them. For every person you invite who signs up, you get 10% of the sign-up fee. With ManageME7, you can manage your entire budget, set up categories and even track all your monetary transactions in generated reports for a ready reference.
If you are willing to pay for a money manager, then this one is worth checking out. If you are only looking for a free membership, I suggest passing it up.
-Makenzie
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