Sad news, friends — Level Money is bidding adieu. In fact, as TechCrunch reports, the Capital One-acquired personal finance app has already been pulled from app stores and will completely shut down on August 31st. Incidentally, that’s the same day that another personal finance app, Prosper Daily, also plans to self-destruct. So what should Level Money (and perhaps even Prosper Daily) users do now?
First, let me acknowledge that Level Money did have a unique angle in the personal finance app world. As loyal users already know, its claim to fame was the way it took your overall budget and provided you a daily budget for spending. While you won’t get than exactly same effect, I’d recommend that Level Money refugees try Mint on for size.
As I said in my review, there’s good reason why Mint is the most well-known personal finance app out there today. Although the desktop site version of the service is the real star, the mobile app does have some features that Level Money users might appreciate. For example, Mint will display a visual representation of how you’re doing on your monthly budget, letting you see if you’re currently on track to meet your goal. From there, you can also dive into individual categories to learn where you may have overspent and/or what adjustment you might want to make. Sure this isn’t exactly like Level Money’s concept, but it is still extremely helpful.
Elsewhere in the Mint app you can view your various bank account balances, check your estimated credit score, and get billing reminders. Admittedly, navigating the Mint app isn’t always the easiest but, once you get used to it, there really is a lot to enjoy. Like I mentioned earlier, I’d also recommend visiting the Mint site in order to get everything set up and then just using the app on the go.
If you were a Level Money user who’s now feeling lost, you may want to check out Mint as a way to continue on your financial journey. While it won’t replicate Level Money per se, it does have a number of features that can help you monitor your spending and stick to your budget. Arrivederci, Level Money — you will be missed.