StartUp Launches Money Management App for iPhone

There is an entire segment of the app market that wants to do nothing more than help consumers manage their money.  MonSense (which surely is intended to portmanteau of “money” and “sense”, but sounds a bit more like the world “nonsense” when actually uttered aloud than the designer probably intended) is such an app, and it’s unique spin on the personal financial management application is to allow users to divide and conquer their spending.

Specifically, the app allows users to create separate accounts (personal, work, etc), as well as thing like Quick Expenses (coffee purchases) to budget and monitor spending across categories.  The program also has a visualization feature that allows users to see the pattern of their spending over time and a pending payments area that keeps track of money slated to go out.

The reviews of the app in The Next Web were somewhat mixed.

“I certainly wouldn’t use MonSense to track the actual money I have, though there may be some instances where it’s useful, for example if you have a set monthly expenses budget you’re not allowed to exceed. Entering a figure for that starting point could be useful for monitoring how close you are to hitting your limit.”

They were, on the whole, however positive, particularly on the one-shot download fee monetization model, as opposed to a subscription model that some competitors have employed.

“From our brief tests, we were very impressed with the navigation, design and intuitive layout of MonSense, and it’s difficult to see this proving anything other than a success once the word gets out.”