The company behind the app Money states that it uses multi-level security mechanisms, including firewalls and VPN to protect the data it collects. For the current month and to date, is your spending in alignment with your monthly income? Clarity Money can see your credit card transactions, so it knows how much you pay in interest and can therefore show you an ad for a credit card with a lower interest rate. That’s a good thing, because it sets it apart from other budgeting apps. In other words, when I want to use a personal finance app to obtain read-only data from my account, the bank is aware that the app should have limited access, and it provides an access code in lieu of me having to enter my password. At The College Investor, we want to help you navigate your finances. While many personal finance apps use a similar business model, not all do. It would be worthwhile to have an option to exclude recurring charges from appearing here if they are nonnegotiable and necessary payments. Clarity Money isn’t quite a one-stop shop for finance management, though. DO NOT Sell My Personal Information. Another card shows a graph with your spending so far this month against projected income. Our Clarity Money review shows that it is one of the few fintech apps that automatically negotiate with service providers such as cable companies and creditors to lower your bills. On Android, PIN and fingerprint IDs are supported. I suppose it's good the company is getting rid of that functionality, but it didn't sit well with me that the app had them in the first place. At first blush, Clarity Money seems like any other free personal finance app that consolidates your financial transactions and accounts into one place where you can better analyze them both in detail and on a grand scale. Qapital (Free at Apple.com) , StashInvest, and Acorns all come to mind. A Finance Manager App that promises not only to maintain your expenses but also to help you cut down your expenses. In my case, the information wasn't helpful. To get started, you must link at least one account from a supported institution, such including Chase Bank, Wells Fargo or USAA — in fact, over 9,000 institutions are available to link to your Clarity Money account. Clarity Money does not, however, participate in any independent security verification, such as the Norton Secured program (which both Mint and LearnVest use) or McAfee Secure (which LearnVest also uses). When you sign up for a service as a result of the ad, Clarity Money gets a referral payment. This thread is archived. It also doesn't let you split transactions. It lacks the money-management tools found in competitor Mint, however, and we encountered some security concerns in testing. Like many other services, including Mint and Credit Karma, Clarity Money shows you highly targeted ads based on information it has gathered about you and your finances. Our free app uses machine learning to analyze your personal finances and help you make smart decisions about your money. Clarity Money is a tracking tool owned by Goldman Sachs. Credit Repair Explained: Should You Pay For Help? Software Reviews Clarity Money. Krad008's Review of Clarity Money. In the end, deciding whether it's safe to use any personal finance app is a matter of opinion. https://www.pcmag.com/reviews/clarity-money, Jill Duffy is a contributing editor covering productivity apps and software, as well as technologies for health and fitness. Clarity Money is one of many personal finance apps that, like our Editors' Choice Mint, consolidates your financial accounts and transactions into one app from which you see both the fine details of your spending habits and the larger picture of your financial health. For example, in the app, you quickly see your net worth or total amount of debt. It connects automatically to your bank accounts and analyzes the history of transactions.It points out recurring costs and gives suggestions on which expenditures you should eliminate.It is also possible to transfer money from one account to another using this app. Our free app uses machine learning to analyze your personal finances and help you make smart decisions about your money. Take control of your budget and expenses and discover ways to save more with help from Clarity Money. At the more general level, Clarity Money tries to do exactly what Mint.com does, which is to say it shows you both the fine details and grand scale of your personal finances. Many other personal finance apps do not allow you to move money between accounts using them for security purposes. Updated February 1, 2018. Clarity Money works for you by helping you cancel wasteful accounts, track spending and and deliver insights to you — all in one place that’s 100% free to use. The goal of the Clarity Money app is simple: provide users with a mobile app that helps them plan their budget. Clarity Money is a free financial service that consolidates all your accounts and transactions in one place. Clarity Money Review Summary Clarity Money is a great service you can use to track your money, cancel or reduce your bills, and save more money. This doesnât influence our evaluations or reviews. Budgeting. Trust issues aside, superior budgeting options, bill payment features, and many more features for managing your financial health make Mint the better option. Take control of your budget and expenses and discover ways to save more with help from Clarity Money. Not all banks provide this service, although in my opinion they should. Mint gives you tools to divide the total of any transaction into parts and categorize them separately. To do this, many or all of the products featured here may be from our partners whom we receive compensation from. Our 2 user reviews can help you decide. save. There's almost always a tradeoff with free services. I still use Netflix avidly, and I'm not about to stop paying my bills. Once your account is created, you'll be logged-in to this account. WalletHub specializes in both credit scores and credit reports. While it lacks some of the advanced budgeting features that other apps have, it offers many other tools to make up for that. When I asked the Clarity Money team about this specific problem, the representatives said they were unaware of it and would have to look into it. One of the cards shows a list of recurring charges alongside the amount. 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