What does MoLO stand for? How does MoLO’s estimate work?
MOLO stands for “Money Left Over.” We think the foundational step in taking control of your financial future is to make sure you have money left over every month - that way, you can save money or pay down your debt. MoLO’s estimate is your expected income minus expected spending by the end of the month. It can change based on current month’s income and spending and past months’ income and spending trends.
Here’s how you can get started with MoLO:
Connect accounts: Connect at least one checking account and one credit card. Don’t worry, your information is protected by bank-level security.
Predict your MoLO: We’ll estimate how much money you’ll have left over at the end of the month so you’re confident about your next money move.
Boost MoLO & pay down debt: Once you know your whole financial picture, you’ll get personalized recommendations and insights to spend less and save more so you can use that money toward your goals like paying down debt.
Is MoLO free? How does the app make money?
MoLO is 100% free—no subscriptions or fees ever. That’s because MoLO is created by Achieve, the leader in digital personal finance. We make money through our other personal finance solutions. This allows us to build a free money manager app that stays true to our mission to help everyday people thrive by giving you personalized insights into your finances so you can get ahead every month.
By knowing more about your finances, you’ll have a better idea if you could benefit from one of our personal finance solutions designed to help our members debt relief and more. Learn more about Achieve and our personal finance solutions.
How is MoLO different from the other money apps on the market?
MoLO is simple, automated, and focused on helping you get ahead every month by having more money left over. Unlike other personal finance apps, MoLO is completely free from subscription fees and ads. When you connect your accounts we do the categorization and the math for you - no manual work!
100% free, no subscription cost, no 3rd party ads
Predicts money left over each month
Features Money Checkup for 3-month trends & suggestions
Offers spending challenges to save more
Costs a download or subscription fee, displays ads
May not show a monthly estimate of money left after spending
May not offer historical trends or personalized suggestions
May not have custom spending challenges