Recurring payments, subscriptions and credit cards
3 subscriptions
On the free plan
And the same number of credit cards
The yearly cost
Shown for each one
The monthly figure looks harmless
The payment date
For a credit card
And what to pay to avoid the interest
Recurring
The Recurring section, under More, holds everything that comes back: subscriptions, streaming, phone, rent, insurance. Give it an amount, a period and a charge day.
Once a month the app asks which subscriptions have gone out and records them in one tap. Faster than entering each by hand, and more reliable than remembering.
Subscriptions you stopped noticing are the most common hole in a budget. The section shows the yearly cost of each: the monthly figure looks harmless, the yearly one rarely does.
Credit cards
The Credit cards section, under More: credit limit, how much is used, the payment date. The app reminds you in advance and shows how much to pay to stay out of interest.
A credit card is an account with a negative balance rather than a separate species. Spending on it is recorded as ordinary expenses, and paying the card off is a transfer from another account.
Once a month the app asks by itself
That is the whole point of the section. On the right day a list arrives: did everything go as usual? Then four ways out — enter the lot with one button, tick only some, correct the amounts if something went up, or enter nothing this month.
Nobody records twelve recurring payments by hand for longer than two months. Confirming a ready-made list once a month, they will.
The yearly cost is visible immediately
For each entry the app shows what it comes to per year, and for yearly subscriptions, what they come to per month. Both figures are needed for the same reason: the monthly one looks harmless and the yearly one almost never does.
At the top of the section is the total of recurring spending per month. That is the number worth knowing before adding a thirteenth subscription.
Income recurs too
A salary, rent you receive, interest. Set up in the same place, differing only in the "what is this" field — recurring expense or recurring income. The total of recurring income is then shown at the top as well.
What a credit card shows
A card stores the limit, the statement day, the payment day, the minimum payment as a percentage and the rate. From those the app works out and shows:
- what is due on the statement — clear that before the payment date and there is no interest;
- how much has been spent since the statement, and when the next one falls;
- how much is available, and whether the card is more than seventy percent used;
- how many months the debt takes to clear on minimum payments, and how much goes on interest. If the minimum does not even cover the interest, the app says so outright: on that payment the debt will only grow.
How many are free
Three recurring transactions and three credit cards.
How to build the full list and what it comes to per year — how much you spend on subscriptions. How to use a credit card without falling into the interest — using a credit card without debt.