For the past few months we’ve been working on many new features which we’ll bundle up and release in one update later this summer. Here is how things are looking so far and what to expect:
- The update we’ll be pushing later this summer will include Tags, Investment Accounts, Receipts Sync, the ability to disable auto-categorization for Online Banking, much improved auto-categorization, the ability to offset both income & expense categories manually and many smaller features and bug fixes.
- Receipts sync is currently released in beta mode on Android and we’re releasing it to the subscription based MoneyWiz this week (both iOS and Mac).
- The subscription based version of MoneyWiz for Windows must also come this week.
- We’re bring more changes to the subscription version’s pricing. Read on to find out more.
- Once we release the big summer update, we’ll focus on bug fixing.
Over the years we’ve wanted to add more and more features to MoneyWiz to satisfy your finance needs. While we had the best of intent in doing so, the reality is that due to limited time and resources we had to ignore some bugs we deemed minor. That was done to avoid delays.
We’ve decided that this is no way of going forward and we owe you MoneyWiz with no bugs at all.
Actually this is quite an ambition – no software of that size has zero bugs. All of you experienced software users know that. Well, we want to change that and this is how we plan to achieve it:
First, we’ll roll out that big summer update. Once it’s out, we’ll fix the urgent bugs that would be reported after the update. Once this is over we plan to release a series of updates until we’ve fixed every bug logged to our dev team, no matter how big or small, old or recent it is. Once we’ve achieved that status, we’ll address our entire community of hundreds of thousands of users and ask them to report any bugs they notice. We’ll keep fixing until we have at least 2 weeks with no bug reports, no unfixed bugs. For all platforms – iOS, Mac, Android and Windows.
Unfortunately this may mean that we’ll delay MoneyWiz 3 a little, but it is our desire to have a perfect MoneyWiz going forward, instead of just patching up on what’s been done so far.
You may or may not know that we have a free/trial/subscription version of MoneyWiz. It’s free to download and imposes a limit of 100 transactions and then you can either buy the full version or just subscribe to unlock the free version. We had 2 subscriptions – one for online banking and one for manual transactions (import, manual entry etc).
We know this was confusing. We listened to your feedback. So we’re changing all this. This week we’ll release the new subscription based version of MoneyWiz (currently as an update to the existing one), which will work like this:
- There will no longer be 100 transactions limit. The limits are 2 accounts, 1 budget and 3 scheduled transactions. No limit on regular transactions. No access to online banking though (without subscription).
- Ads on mobile devices to help us support the development of MoneyWiz
- To remove all limits and the ads, and to enable online banking you will still have to subscribe, but we’re re now doing just one subscription instead of two – “MoneyWiz Premium”. And MoneyWiz Premium will cost $5.99/month or $59.99/year. That’s almost half the price of the previous subscription where you had to buy 2 subscriptions each for $4.99/month or $49.99/year.
- MoneyWiz will continue to function for all customers on the old subscription model but once we verify this model works (business wise) we’ll encourage everyone to migrate to it by cancelling their old subscription and signing up to the new MoneyWiz Premium.