Perhaps the biggest reason is familiarity, everything is where I expect it because I’ve used the iPad app for months now. To some degree I still feel that, but thinking about it rationally, I’m moving toward appreciating the decision.
Initially when I first opened a pre-release version of the app and saw the iPad design, I was a little disappointed, whilst I had liked the iPad design I was hoping for something more creative and Mac “appropriate”. I must admit I am in two minds about this decision.
In the end they choose to go with the UI from the iPad - not only was it familiar to MoneyWiz users, but it had the right mix of a simple design and the flexibility of their more powerful features. Speaking to them over email, I asked them about this and they explained that they actually had 4 designers working on 6 different designs. The reason for all this is that the MoneyWiz developers decided to use the same UI for the Mac version as they had for the iPad.
Introducing MoneyWiz for MacĪs I mentioned at the top of the article, MoneyWiz for Mac is strikingly similar to the iPad version - so much so that if I took a screenshot of the Mac app and displayed it on an iPad, you might actually believe it is an iPad app. If you think about splitting the personal finance apps into “casual/simple” and “professional/powerful”, you’ll find MoneyWiz somewhere in between at the moment, but it is (by the intention of the developers) heading toward the powerful landscape, but with a design that is forgiving to those who are looking for something simple. But keep that in mind if you are coming from Quicken or a similarly advanced finance app, because if you were using some of Quicken’s more advanced features, MoneyWiz will be a little more restrictive to you. It certainly isn’t a very advanced finance or budget app, but for most people it should have everything they need - and that is exactly where I fall. I went into great detail with my MoneyWiz for iPad review and for the most part, what I said there is still relevant and with the Mac version too. It’s an app that lets you take care of your personal finance situation and has features to not only track expenses and incomes for all your accounts, but also set and track budgets, set up scheduled payments and then review everything in various reports. In many ways, the Mac app is identical to the iPad app, so this won’t be an in-depth review of the Mac app - rather it’ll be an overview of the MoneyWiz app and then some discussion on specifically the Mac App as well as the ‘Reports’ and the Sync service.įor those of you who are new to MoneyWiz, let me quickly give you the rundown of what the app does in general (this is pretty much applicable to all three versions of MoneyWiz). Today I’m back to have a look at the recently launched Mac version of MoneyWiz. As they had paid the premiums beyond then the policy would have been qualifying.I reviewed MoneyWiz for iPad back in late February and found it to be a really great personal finance app for the iPad. If they had not extended at that time the term would have remained as 10 years with three-quarters of the term being seven and a half years. Because the exercise of the extension option creates a revised 19-year term, therefore the lower of 10 years and three-quarters of the term is 10 years.
If a client elects to take the extension option on a MIP at year nine and then stops paying premiums before their tenth anniversary the policy will be non-qualifying. Where annual premiums are paid, 13 months from the first unpaid premium will be one month after the next annual premium becomes due.
If a policyholder advises that they no longer wish to pay premiums and wish to convert the plan to paid up they will not be able to reinstate the plan in the future. Reinstatement can only occur if done within 13 months of the first (or earliest) unpaid premium and if the Life Company has exercised its option to make the policy paid up due to non-payment of premiums. If premium payments cease there may be the ability to reinstate the plan.