Research at the RBA shows that Australians now use credit or debit cards to pay for more things than cash. This is a significant milestone, but the trend is only going to continue as both America and Sweden are now at 80% card payments. What does this mean for how we manage our lives, and beyond no longer carrying cash around, how can we use it to our advantage?
Transactions create a digital record of where we are spending our money. A scan through your internet banking can give you a good summary of what is going on, however tools like Humaniti can take it that one step further, categorising where your money is going across all your accounts and allowing you to see patterns that can help you manage your finances……. How much are you paying in subscriptions each month? What is the total of your utility payments in the last year? Are you overspending on non-essential items?
At Humaniti we have now categorised more than $200 million dollars of transactions for our Humanitirians, giving them more opportunities to see how much, where and how often they are spending.
More importantly, as a member, you can now decide if you want to do something differently as a result of seeing all your finances in one place.
UPDATE – 20TH SEPTEMBER 2019 – We have now categorised more than $700m for our members!
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