I'm a software engineer, a lifelong Mac user, and I have an interest
in good UI and information design.  I used to use Quicken in the 90s
but I felt like it was taking a lot of my time without giving me much
benefit so I stopped.  Now that I have a family the money is being
spent like there's no tomorrow, so I have been desperate to track my
expenses and get them under control.  For the last three years, once a
year I try to find a good piece of financial software for the Mac that
will meet my needs.  Of course I refuse to go back to Quicken, too
many traumatic memories and too many bad reviews of Quicken for OS X.
I want something elegant.  I've checked out iBank, and MoneyDance, and
Liquid Ledger.  None of them gave me warm fuzzies or worked
particularly well.  I tried writing my own Perl scripts to create
textual reports and that got old pretty fast.  Last night I performed
my annual survey of the OS X financial software scene and came across
Cha-Ching (eye candy), and then Moneywell.  Holy cow.  A choir of
angels started singing.  This could finally be The One!

I've been feverishly learning and testing Moneywell for the past 24
hours and I'm happy to report that I'm sold.  At fist I downloaded
version 1.3 and I really cannot put a piece of financial software
through its paces with only 200 transactions.  That's about 2 months
of data for me, and I need about 6 months to have the critical mass of
data to truly evaluate how it works in a real world scenario.
Fortunately I discovered the 1.4 beta which is not limited.

Moneywell exudes elegance, power, and simplicity.  It's a joy to use
and is clearly designed with genius, passion, and extreme attention to
detail.  The polish and the first class documentation blow my mind
too.  I mean just look at the quality of those video tutorials!  Kevin
you are the master.  Importing the data from my 6 or 7 accounts and
getting it all categorized into buckets was a snap.  It just all works
and makse sense.

But the thing I am most excited about is the brilliant envelope-based
allocation system.  Behind all great design is a deep understanding of
the underlying problem, and reading your articles and documentation on
the envelope/bucket approach to managing spending made it clear you
really get it.  Knowing the structure of the problem lets you design
such an elegant solution.  The philosophy behind Moneywell was a
revelation to me, and after reading it, it all seems so simple.  But I
know how much work goes into achieving that simplicity and clarity.
Bravo.  And thank you for the financial enlightenment -- this is
exactly the tool I was looking for to get my spending under control,
and now I see I didn't even know what I needed.

Here is a list of bugs/features I compiled over the last 24 hours.
These apply to 1.4 (200) Beta.  I'm running on a 2 year old MBP
2.33GHz Core 2 Duo with 2 gigs of RAM.

Bugs:

- Takes a few seconds of spinning after clicking "check all" in
reconcile window, with only 200 transactions in the whole file.
Something's afoot there.  Takes even longer, maybe up to 10 seconds,
after clicking "close" in reconcile window.

- When I tried to delete the cash account, Moneywell crashes.
Happened several times in a row and then I gave up.  I am also
experiencing consistent crashes when I try to delete empty buckets
that I don't want.  Every now and then I can delete one, but most of
the time I can't, the program crashes and quits.

- Once when I selected 'New Account' from the File menu, nothing
happened. It worked when I selected it again.

- If I select a month, then select a bucket, the month selection goes
away and all months are selected.  This doesn't seem right to me.  I
want to be able to click through each bucket to scan through expenses
by category in a given month.  If I wanted to go back to selecting all
months, I'd do it myself by clicking on the background of the graph.

- Neither the left arrow nor the little circles at the top of the
graph work to take me back to months in the past, even though there
are two months not being displayed.

- If I change a bucket name, the entries in the bucket column of the
register are not refreshed unless I force a change.  (I came across
lots of other refresh errors as you noted in one of your posts, but
this is the only one I made a note of.)

- I had a strange glitch twice where I merged two transactions into a
transfer from my checking to my credit card.  (I did this by selecting
the two transactions and going to "Create Transfer from Selection" in
the Transactions menu, as you showed somebody in a screenshot on one
of the forum posts.)  It worked fine in every way, except that in the
monthly graph the amount of the transfer was being added to both the
income and the expense bar.  My other transfers between the same two
accounts did not have that problem, but I used a different process to
create those -- just making one of the transactions into a transfer
using the transaction detail and deleting the one in the other
account.  Ultimately I fixed my problem by deleting the bogus
transfers and making new ones using the blue transfer icon.

- I don't want to assign a bucket for transfers from checking to my
credit card, for exactly the reason discussed in your transfers
tutorial.  However this means that those transfers show up in the
unassigned smart bucket.  This is annoying because I want to keep that
bucket empty. I don't think unassigned transfers should appear in that
smart bucket.

Feature requests:

- Automatic memorized transactions are great, but there are always
some unassigned transactions that I need to put in buckets after
importing.  I'd like a way to do this quickly without having to touch
the mouse.  (I'm an emacs user after all.)  For example, one way of
doing this would be to allow editing of the fields within the
transaction register.  Hitting return would go down to the same field
of the next entry.  If editing within the register is not in the
cards, perhaps there could be a keyboard shortcut to move to the next
or previous transaction when the focus is in the transaction detail
pane.  Right now I have to click back and forth between to select the
transaction and then to focus on the bucket field in the transaction
detail: two clicks and a bunch of mouse movement for each entry.  It's
very tedious.

- I'd like my memorized transactions to match based on the aliases but
not change the payee.  A checkbox next to the payee in the memorized
transaction form would do the trick.  For example, I want to be able
to put "EXXON" in the alias field, and have it match on the following
and save the bucket, but not change the payee:
EXXONMOBIL    34102301   QUINCY      MA
EXXONMOBIL    34632133   GLOUCESTER   MA
I don't want to lose the information of where I got the gas.

- How about a balance column in the transaction register on the right
hand side?  My bank registers have that and it would make it a snap to
find exactly where a register goes out of balance.  Somebody on the
forum suggested some sort of mark to show each point where you know it
was balanced, but I think a balance column is simpler and more
effective.

Kevin, thanks so much for an incredible piece of software.  It's
already so much better than Quicken and you've only just begun.  I'll
be buying Moneywell now and telling all my Mac friends about it.

Yours,
Matteo


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