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Lunch Money is a web-based budgeting platform with many unique features, including detailed reports and the ability to track your finances in several different currencies.

It's one of the newest budgeting apps on the market and is designed to make budgeting easier while building a community of like-minded people who want to develop better financial habits.

Is Lunch Money Right for You? This review takes a deeper look at Lunch Money, how it compares to other budgeting platforms, and some things you should consider if you're looking for a better way to budget.

• Lunch Money is a web-based budgeting app designed to make the budgeting process as easy as possible.
• The key to Lunch Money's success is the number of features it provides.
• Lunch Money offers a 30-day trial to start using the platform without requiring you to provide credit card information to open an account.

What is lunch money?

Lunch Money is a web-based budgeting app designed for budgeters who want something more fun than spreadsheets. It offers a range of customizable features including multi-currency budgeting and a crypto portfolio tracker.

The platform connects to a number of financial institutions through Plaid. Alternatively, you can manually upload a CSV file with important data from your bank.

Once you've populated your account with your transaction history, Lunch Money allows you to split, group, categorize and tag transactions as you wish. From there, you can create rules to make it easier to manage the organization of your transactions in the future.

The platform was founded in 2019 by Jen Yip, a solopreneur who wanted to create a budgeting tool for the modern spender. It has users in 30 different countries and allows its user base to budget in several different currencies. Lunch Money users can track their daily spending and evaluate trends related to their own spending habits.

What does it offer?

Lunch Money offers a range of tools and features that go beyond simple budgeting. It can split transactions across multiple categories, create budgeting reports, help you set goals, and manage transactions in multiple currencies. It is a versatile budgeting tool that you can customize to suit your budgeting needs.

budgeting

Similar to other budgeting apps like YNAB, Tiller, and Every Dollar, Lunch Money is a budgeting platform that helps you keep your spending under control. You can do this by evaluating every transaction that comes into your bank account or by pulling reports to assess your overall spending.

Like most budgeting apps on the market, you can group and categorize your expenses. This allows you to prioritize your spending when creating a budget while also seeing how your money is actually spent throughout the month.

From there, you can set up rules to automate the budgeting process. This gives you more time to evaluate your spending habits to ensure they remain in line with your larger financial goals.

Related: Best budgeting apps

Tracker and calculator

Lunch Money contains a range of trackers and calculators to help you plan your finances. One of the trackers is a multi-currency tracker. This is ideal for budgeters based outside the US or solopreneurs and freelancers who work with clients who pay in different currencies.

For crypto enthusiasts, Lunch Money also offers a crypto tracker. Instead of separating your crypto transactions from everything else, Lunch Money bundles all of your financial transactions – including crypto – in one place.

For users who want to develop a long-term plan for their finances, Lunch Money includes a wealth tracker. This is a powerful tool that allows you to see how reducing your monthly expenses impacts your ability to increase your net worth.

Trend analysis

Another notable feature of Lunch Money is the ability to assess your spending habits and financial trends. This can help you gradually adjust your budget over time, allowing you to change your habits and be more aligned with your goals.

Lunch Money includes a monthly summary that shows you exactly where your money is going. This takes the guesswork out of having to evaluate your financial data yourself.

Discord community

While Lunch Money is still a relative newcomer to the budgeting scene, the company is aiming to build a reputation as the go-to budgeting tool. Aside from the robust features it offers, Lunch Money users can also join the Lunch Money Discord community.

On Discord, users can exchange budgeting tips with each other. The community aspect of the platform can provide accountability and make it easier for you to stick to your financial goals.

Are there any fees?

Lunch Money offers two pricing options. Users can pay a monthly membership fee of $10 per month or sign up for an annual membership that costs $100 for the entire year.

New users can try Lunch Money before committing to a subscription with a 30-day free trial.

How does the lunch allowance compare?

Lunch Money positions itself as an alternative to apps like YNAB and complex spreadsheet-based tools like Tiller Money.

According to user feedback, Lunch Money is a better option that doesn't come with the learning curve associated with YNAB's zero-based budgeting approach. Although Lunch Money offers a wide range of features, it is more expensive than many similar budgeting platforms.

How do I open an account?

To get started with Lunch Money, sign up for the 30-day free trial by creating an account. All you need to do is create a username, set up a password and choose your preferred currency to get started. You do not need to provide a credit card to set up your account.

Is it safe and secure?

Lunch Money stores information in its databases and does not sell your information to third parties. The platform gives you the option to connect your financial accounts to Plaid or upload a CSV file directly to the platform.

How do I contact Lunch Money?

Lunch Money is run by a one-woman team and doesn't offer many customer support options. Users can join Discord or email support@lunchmoney.app.

Customer service

The founder of Lunch Money is proactive in sharing development updates. The website has an extensive changelog as well as a documentation library to find answers to questions about using the platform.

Is it worth it?

Depending on what you're looking for in a budgeting app, Lunch Money could be well worth it. With a user-friendly web interface and the ability to budget in different currencies, it is a budgeting tool that appeals to a globally diverse audience.

It also provides you with trend analysis that can alleviate a major problem often associated with budgeting. This data can give you more control over how you set up future budgets, allowing you to change your habits over time.

However, Lunch Money isn't for everyone. The price is slightly higher than many competitors and it lacks some key features such as a mobile app. It is also limited in its tracking functionality. While it is very good for tracking expenses, it is not good for tracking income or investments.

Lunch features

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