Level Money Reviews - What Is It?
DO NOT USE Level Money!!! You Must Read This Review!
Fully Researched: Price, User Feedback and More!
Level Money is a free application for iOS and Android that helps the owner to know how much money they can spend every day depending on their income and bills/expenses. This isn't a traditional budgeting tool but it benefits budgeting: it teaches the user to spend less than they earn. This application was launched in 2013 and was bought by Capital One in 2015. According to TechCrunch, the bank acquired Level Money to contribute to its goal of providing comprehensive banking solutions for its clients. The app has appealing insight and presentation, as well as has a simplified interface that is easy-to-read. The app also offers data visualizations to make you picture your present cash management situation.
How does Level Money operate? We are going to discuss this topic further in this review. We'll take a look at how it works exactly and what real users are saying about it. In general, this application approaches budgeting from one basic perspective - it calculates how much money you earn and spend on a daily basis, as well as helps you to define how much you can save. The app crunches all of these numbers and calculates how much money you should spend every day in order to be able to save some money.
Customer Reviews - Does Level Money Really Work?
There are numerous users' reviews about Level Money on Google and Apple's app stores. At the time of this review, the app had more than 7,000 reviews from customers in the Google Play store. About 5,300 of those reviews gave the app 5 stars or 4 stars, and only 1,400 reviews gave it 1 star or 2 stars. You can find both really good and really bad users' reviews of the product. For example, one user who gave the app 4 stars says that the product does exactly what it promises. The man is just addicted to using it because he loves to keep track of itemization. He is looking forward to transactions for him to be able to see monthly totals. This customer would highly recommend this app to people on a budget. He is grateful for the app!
Another user is extremely pleased with the professional customer service, the representatives of which helped him to get back his bank account. The disappearance of a bank account has been mentioned by other people too. A review from another user demonstrates some frustration because the update of the app requires him reconnect his account. Fortunately, the customer service always comes to help. The same complaints can be found on Google Play. A review from "JustPlainCaity" reports buggy function of the user interface. However, most users find it really great. Level Money received the Editor's Choice award from iTunes. The app has brought a unique concept to the individual finance world. Other apps like YNAB and Mint focus on budgeting out each category and tracking spending money in those categories. Mint automatically downloads your purchases, but Level Money takes a daily view of how much money you can spend. It does not really matter what you have already spent.
In this way, the app helps you to operate money correctly, not to regret spending them when it is too late. Most users of the app like the fact that Level Money tells how much money you can spend every day to make it possible live through the month. This app can teach you how to be financially disciplined every day. It can be concluded that Mint and YNAB teach nothing special, these programs are more concerned about where you have spent your money. But Level Money emphasizes the amount of money you have left to spend. It is a wise decision to take a look at the testimonials left by people who have actually used the app. Here are some of them.
"Level Money is a wonderful application to use when you need to monitor the movement of your money after all expenses are paid. I am pleased with this app, it works great and helps me to see how much money I have left. The app is affordable to everyone and will pay off in a short period of time. I have a limited budget but this app helps me to stay on track."
"I like Level Money as this app allows me to assign labels to my transactions and to check where I tend to spend more of my money. The only thing I don't like with this app is that it sometimes gets disconnected from my bank accounts, so I am obliged to reconnect with it often."
"I got Level Money a week ago but I am still getting used to this app. I have found it to be really helpful, as it allows me to see how much money I spend into different categories. Now I can make certain conclusions and define whether I really need to spend this money. This app will be useful for anyone who is not sure where their money goes. It's a wonderful app that deserves your attention, especially if you have no idea what is going on to your finances."
My Final Summary
Based on our research, it is true to say that Level Money can perfectly fill a gap left by other apps of the kind. Consumers need to know how to ration out spending and saving money to meet their goals each month. This app gives an opportunity to control how much money you spend every day. Level Money does it by setting a daily limit on spent money based on your monthly income, budget, and saving goals. Most users consider this to be a simple and useful way to manage your finances while cut back on your expenses today to have money tomorrow. The only drawback about the app is the chance of encountering some issues. Recent reviews show that some people have trouble connecting their bank accounts to the application. Some people reported that the app didn't save changes to income. This is a disadvantage for freelancers whose earnings are uneven and sporadic.
In general, most users' reviews seem to be positive, as the users are happy with their experience of using Level Money. In fact, more than 800,000 users have downloaded the app. The application is suitable for simple situations. For instance, it can be good for single people who don't have a lot of extra spending and expenses. This app will help you keep your money under control and will give you an opportunity to save money for a weekend when you meet with your friends. If you have a family, you might benefit from Level Money too. Budgeting is important in the modern life. It is a good way to calibrate spending to save some money for a vacation or big purchase. The app will tell you how much money you're allowed to spend. Taking into account all pros and cons, I can certainly recommend Level Money to downloading on your iOS or Android.
Level Money Pricing and Rates
This wonderful application allows taking control of your finances, spending money more correctly and save it for the next day of month. It will tell you how much money you're earning and spending. The app can be downloaded on its official website, as well as on some retail websites. It should be mentioned that the app uses 128-bit encryption, which offers the same level of security as your banking apps.