We believe manually categorizing your spending builds a clear picture of where your money is going. Besides, most other tools we've tried that automatically assign categories fall short. How can they know the intent behind your $30 purchase at the coffee shop? Perhaps part of the purchase was a gift, so why would we assume?
To sum it up here's why we take this different approach to categories:
- It's quick. You can categorize your spending in just a few minutes a few times a week. It takes up less than 1% of your time.
- It builds awareness. You know exactly what you spent and where it sent when you touch each transaction. You're more engaged with your money this way.
- It aligns your spending with your intent. As previously mentioned, we can't assume to know your intent behind any purchase.
- It's more accurate. When you're doing it yourself, you always get it right.