7 ms·

sure, but when there's a dozen apps that will do it automatically, why?

• jjeaff 3y ago
  if the app automatically categorizes things, you don't ever have to look at it. doing it yourself requires that you review every transaction individually.
  • woobar 3y ago
    Categorization and review are two different processes. The app I use will download and categorize, but I still have to review/accept each transaction. What is the benefit of manual entry in this case?
    • gardenhedge 3y ago
      Why are both of you not naming the apps you use?
      • rockooooo 3y ago
        I use Tiller, which ingests my transactions but doesn't categorize them for me (except by a rule set that I manually defined)
  • antisthenes 3y ago
    My credit card statement already automatically categorizes things. I don't know what's the point of using a 3rd party app for this, unless you feel very generous about providing your data for someone to sell. I also don't know what's the point of reviewing transactions individually. If I pay something monthly (e.g. internet/car insurance/utility bills), I'm not going to look at it every month. I might check it at the end of the year to see if there are any 10x anomalies, but that's it. I'm also not going to check transactions under $20, unless there are hundreds of them that are unexpected. Although I do feel sorry for buyers who spend $1000+ every month on impulse shopping, but those are also the kind of people to never check their financial health anyway.