Why Cashlens? If you have ever made an attempt at managing a personal or family budget, you may have found that the result at the end of the month does not always line-up with your estimated plan you drew up at the beginning of the month. That is what makes a budget successful- when your estimated plan and your actual result are in alignment. So what is keeping you from making your budget goals? You may not know it yet, but your spending is getting away from you.
Yes, your spending is getting away from you. It may be hard to hear, but the truth so often is. So what can you do to gain control over your spending habits? Cashlens is your answer.
Let’s take a closer look at how Cashlens works:
- First, you create your budget. You can add categories and amounts in whatever way makes sense to you, we won’t try to change the way you think about your budget. You might have categories for: groceries, travel, utilities, housing, etc- as long as it makes sense to you, it makes sense to Cashlens.
- Next you hook up your accounts that you spend money with, and Cashlens will start pulling in your transaction data. Track each expense by assigning it one of the categories from your budget. This allows Cashlens to assign a dollar amount to every single category in your budget.
- During the month, Cashlens will give you budget forecasts to let you know if you are on-track to make your goals. At the end of the month, you will receive a report with analytics and insights that compare your planned budget against your actual budget, and you can see exactly what areas in your budget require attention.
There’s a lot more benefits to it than that, but thats the main pitch. The reason why budgeting is so hard is because you don’t know exactly where all your money is going, and Cashlens can help.
