Level Money isn’t like other expense tracking apps. It only focuses on the money that you spend. Level does not do everything, but it is a good idea. However, it does need improvement.
Level Money is an app that tracks the money you have left after paying for all your fixed expenses, “the spendable”, and sets aside some money for savings. Capital One recently purchased Level Money.
This is how we handle our own finances. We use a spreadsheet and manually enter transactions. But when we heard about Level Money (or just Level), it was fascinating!
Maybe we don’t need to do manual budgeting anymore. We wanted to like Level, and we want you to understand that, despite its promising premise, Level the app doesn’t live up to Level the concept.
We’re going to review Level Money to see if it really is the best investment application out there.
And at the end, I’ll answer some of the most frequently asked questions regarding Level Money.
But most importantly, We’ll show you the exact system we used to build our own internet marketing business to over $40,000 a month in mostly passive income.
Creating a budget and finding out how much money you are spending each day is not easy. A lot of people don’t know how much they spend in a day.
If you are looking to answer these questions, then Level Money might be a good choice.
The Level Money app is an application that helps people understand their finances. The app can figure out the monthly budget.
The application can determine your monthly budget by looking at how much you earn, what bills you have, and the amount of money you want to save.
After you finish filling in the application, the level app will give you a number for every day, week, and month. This will help you know how much money to spend and guide you through the right way of spending money.
Level Money links to your bank accounts and calculates how much money you can spend every day.
The level app also includes a simple comparison chart that helps you to track your spending habits in each category.
This makes you see how much money you spent in a specific category.
For example, how much did you spend on Amazon last month, and how much have you spent this month?
The Level Money app is available on the Google Store and Apple Store.
Level Money is a handy app if you have simple finances.
Meanwhile, it initiates a daily budget for you. But there is no way of knowing what your personal financial goal is and tracking it.
If you need an app that will aid you in controlling your spending, then the Level money app can be good.
The security features of the Level app mirror the standard financial apps that connect directly to bank accounts and credit cards accounts.
Level Money is a way to see your bank account and transactions that you make. It allows you to know what you have spent money on and how much money there is in your account.
Since this app can only read your financial accounts, it will not let you transfer money from one account to another.
The level money app does not see your credit cards number or other information needed to make a purchase. This makes it safer.
This makes the Level Money app one of the safest applications. It has the same security as other apps, like Mint and LearnVest.
Even if the level app protects your credentials and financial information, it is very important to use a PIN.
If someone were to grab your phone and had this app, they would not get your credentials like debit card or credit card numbers or other important information (like savings account data.)
It is good sense to use PINs to protect your phone and the app. You only know the combination, so no one else can see your financial information.
Setting up Level Money app is very easy. First, you have to download the Level Money app.
Once the app is downloaded, begin the process by signing up.
When you are setting up the Level account, you need to provide Level Money permission to access your bank accounts and credit cards.
For this Level app to work, you need to give it permission to read your financial accounts.
Once you are done letting the app access your money, it will tell you who gave you money and ask if this was a one-time thing or if they should count it as part of your regular income.
If the user does not classify these transactions as incomes, it will treat these transactions as anomalies.
Level money app will ask for the monthly earnings after you input information about your bills. You can add manually or choose from recent transactions.
The Level Money app has some other tools that tell you if you pay a specific bill (like utility bills) or get a certain income (salary). There is also the option to set it for every month, three months, year, and more.
Next step, you need to figure out how much money you like to spend each month.
The Level Money app has a slider. The slider tool lets you see how your savings will affect your daily spending.
These budgeting tools are easy to use. It has many different features which can be helpful.
The users can connect the “level money” app to their bank account or even credit card accounts, and it will tell them how much money they have or the data information they need.
The budgeting app counts interest from an interest-bearing account as income. If the user needs to, they can exclude their expenses and bills to see if they have enough money for additional expenses.
Once you are done customizing your income, bills, and savings, Level Money will provide a pie chart that shows the three input categories.
The level money app does not offer more than this feature. If you are in debt and are looking for help to get out of it, the level money app will not help you.
Level Money will not help you with your debt or increase your credit score. It is not going to tell you how to consolidate your loans and credit card debts either. Level Money will also not help you invest your money in better places.
Unlike other apps, Level Money won’t tell you information on how to get a better interest rate on your mortgage. These apps are seen as the competition by Level Money and Mint.com, which was also mentioned before.
By experience, we think that mint.com is better than the level money app because it helps you in more areas. The level money app might be good, but it doesn’t help as much as mint.com does.
A person could also figure their budget out by themselves too.
Some people might prefer to do it by hand. It takes a lot of work, but the level money can do it more quickly. The Level Money Budgeting App can tell you how much you will have and what number is the most accurate within seconds!
Now that we understand how level money works let’s explain how these budget apps can be used for your benefit.
When you open the budgeting app, what you will see is an easy-to-use interface.
There are three bubbles on the app’s main screen. These tell you information or data of how many spendable dollars you have left for today, this week, and this month.
This is a chart that shows you how much money you have left. Each bubble represents the leftover dollars. The line will drop when you spend money or withdraw it from your account.
If you see the bubble wholly filled, then it means that you have not spent any money in that time up until that time.
You can also utilize the menu on the left side of this app. When you click that menu, you will explore other areas in the level money data account.
The app has a transaction tab that shows all the transaction data. The application device allows you to see everything.
The developer has done this to make sure that the amount of money in the app is correct. The level app also makes it possible for you to remove any time where you didn’t have a lot of money.
An infrequent activity happens that will cost a lot of money, but you know that you will get paid back.
For example, let’s say you had to charge a hotel bill for your boss. They told you it would be refunded later.
In this case, you do not need to include the expense of the hotel and the reimbursement in your monthly summary report for this month because it was an infrequent activity.
You need to do this so that the level money app can tell you how much money you have left.
In an app, when users exclude something, a dotted line circle appears next to that specific entry. The level money also gives its users other kinds of indicators such as spending habits.
When you pay your credit card bill, some indicators show how much money is leaving your checking account and going to the credit card account. These indicators help you see how much money is being spent.
Recurring income gets a plus sign that is circled with two arrows. For entries such as regular bills, it gets a minus sign circled with two arrows.
Some people like the “Insights” feature of the level money app. This feature allows you to track your spending on one type of thing, like clothing or eating out.
If you need to keep track of your travel expenses, this app is a good way to do it.
As users might know, the change in travel expenses is often. This will let the user see how much money they are spending all of the time.
On the insights page, you can scroll down to see charts.
The following charts have been added. They will help you learn how much money you spend each month and how much is left after the bills are paid.
Indeed, It feels good when your money grows., right?
A lot of people who use this app are also happy with the alerts that it shows.
The alerts that level money gives are one of the best features. They inform you of what is happening with your account.
The app lets you know when things happen that you want to know about. You can set it to tell you when something happens.
For example, when there is 25% of the spendable money left, the app will warn you. If you want to get alerts like this from the app, make sure you turn them on.
The level money app will tell you if your account balance is low when there is a bank fee and make a purchase that costs more than 250 dollars. That way, you know when to change your spending habits.
But here’s the thing: the level money app doesn’t only send you reviews about bad things. It also sends you notifications that are good!
Here is an example of the Rollover option. It tells you when you spend less than your budget for the day or month. The saved money will be added to the next period.
This is a great way to see how much you have saved. You can save money or spend it.
However, it would have been a great option if the level money app could add the leftover money to a savings account.
But then, the level money app has read-only permissions. If you are OK with applications that transfer your money, you could go for an app called Capital.
This platform will automatically open a savings account for you and show you ways to save money. Saving money can help you become rich in the future.
The level money app is a good choice to figure out how much you spend on things. You can also see what expenses or what you spend it on for how long and when.
However, PocketGuard is another financial service that comes with a feature called “Can you afford it?”
Level Money App is a calculator. When you want to buy something, but the price and the thing you want to buy. Then it will tell you how much money you need and how much money you have.
PocketGuard does the math. Then they tell you if you can buy this object or not.
We don’t like the feature because it will make your expenses less complicated.
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
With digital real estate, you have the opportunity to completely walk away from your 9-5 job!
Sound too good to be true?
Of course it does!
But it isn’t…in fact, business owners wish they had this skill!
What exactly is the skill?
Well, basically you are acting as a conduit for small business to increase their bottom line.
What we mean is…
You are helping these businesses grow!
All you have to do is build and rank a website and forward certain jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business… ie: tree service, plumbing, towing, etc.
Simple, after you forward the jobs off to a business owner and he makes closes the deal, you simply ask to agree to a WIN-WIN arrangement.
A fair price to charge per lead, depending on the industry is 10-20%… let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 20 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $1000 a month!
See why they call it digital real estate now?
That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.
Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group where you can ask questions and be in a community with others on the same journey as you.
Digital real estate allows you to have passive income with most of your day being spent OUT of the brick and mortar landscape.
Now, we know you probably have tons of questions…