Smart Spend is a different approach to budgeting. If you want to save some of your hard earned money, you should think of that saved money as invisible. This means that you should have the mindset that your salary is really LOWER than it is on paper and each purchase is worth a higher percentage of your time. We take all of the guesswork out of these calculations so that you can carefully weigh if a purchase is worthwhile AND hit your saving target each month.
You make $100 a week and you work 5 days a week to earn that money
You want to save 20% of your earnings and your recurring bills occupy $30 per week
In the above case, Smart Spend will not treat your income like it is $100/week or even $80/week. Smart Spend will treat your income as if it were $50/week (your "true" income). Instead of making $20/day, you effectively make $10/day. All of your calculations are based on your income of $10/day which increases your perceived impact of each purchase, helping you spend less!
Smart Spend is meant to serve as a hard stop before making otherwise impulsive financial decisions. It allows you to quickly assess if a purchase is truly worthwhile to make, given your current financial situation.
Smart spend is very easy to use. For new budgeters, there is no need to spend huge amounts of time preparing a budget. More experienced budgeters will love the simplicity and ease of adding monthly expenses and purchases.
~ Setup a budget with recurring payments
~ Widgets for iOS 14 users
~ Use Siri to enter your purchases
~ Import purchases from .csv files
~ Earn trophies as your spending habits get better
~ Daily spending notifications sent each evening
~ Try "Smart Spend Extreme" with Cash Cache to accelerate your saving goals
Privacy and Philosophy: We pride ourselves on keeping your personal data on your device! We don’t ask for email, last name, bank account login. Our budgeting mindset is old school and effective because YOU simply have to put in the work. You can’t gain muscle without exercise. Developing better spending habits requires practice and repetition. You put in the elbow grease and we’ll use technology, psychology and economics to help you meet your goals.
~ This version includes a ton of improvements for Smart Spenders outside the United States!
~ We are working on translating the entire app to other languages, but we need a bit more time! We hope these usability enhancements will be helpful as we internationalize the app!
~ iOS 14 Widgets are here!
~ Long press on your phone's home screen to add the Smart Spend widget
~ Widgets tell you how much you have remaining to spend today, this week, or this month. They are based on your spending, and not related to your expensed purchases.
~ Toggle between daily, weekly or monthly widgets in the main app by changing your summary view
~ We've also updated our Smart Spend Extreme algorithms