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You are looking at example data: an invented student, so you can see how Banutz works. Add your own bank statement, a bill or a photo of a price tag, and Banutz switches to your data only and does all its maths on it.
Today's quests
Money ahead
Next 45 daysBills this month
Your report
Step 1 · Sorted
Where it goes
By categoryStep 2 · Your patterns
From all your dataStep 3 · What kind of spender are you?
What you do, and what you say50/30/20 is the Balanced Money Formula of Elizabeth Warren and Amelia Warren Tyagi (All Your Worth, 2005): up to 50% of income on needs, up to 30% on wants, at least 20% saved. It is published advice, not a scientific test. Needs here are rent, utilities, groceries, fuel, transport, health, pet, school and phone; wants are eating out, going out, impulse buys and other subscriptions.
Monthly breakdown
Lei per category, every monthSpending per week
Lei, Monday to SundayTop places
Most money spentRecurring payments
Seen in 2+ monthsHow this works
Where every rule comes fromNothing in your profile is made up. Each part is either validated research, published advice, industry data, or a rule of thumb this app sets, and it says which.
| What the app does | Basis | Source |
|---|---|---|
| Money quiz (spender type) | Validated research | Rick, Cryder & Loewenstein, Journal of Consumer Research 34, 2008, 13,327 people (paper). Used again in Journal of Marketing Research 2011 (Rick, Small & Finkel) and with children in J. Behavioral Decision Making 2018 (Smith et al.). Questions and scoring as published. |
| 50/30/20 check | Published advice | Warren & Warren Tyagi, All Your Worth, 2005; the authors on their formula in MONEY, August 2005 (interview). |
| Payday spending | Research + app's rule | Spending rises when expected income arrives: Gelman et al., Science 2014, using data from a personal finance app (summary); Stephens, American Economic Review 2003 (paper). Much of the rise is bills paid on payday, so bills are left out. The 3-day window and the 1.3× level are this app's rule of thumb. |
| End-of-month squeeze | Research + app's rule | Spending falls as the next payment nears: Hastings & Washington, AEJ: Economic Policy 2010 (paper), studied on food spending. The last-7-days window and the level are this app's rule of thumb. |
| Weekend spending | Industry data + app's rule | Card data from over 50 million customers shows more spending on Fridays and Saturdays: JPMorgan Chase Institute, 2016 (insight). The 1.2× level is this app's rule of thumb. |
| Small treats and coffee | Awareness only | From David Bach's “latte factor”; critics note small cuts alone rarely make anyone wealthy (Helaine Olen, Pound Foolish). Shown to build awareness. The 30 lei and 5-a-week levels are this app's. |
| Pay yourself first, 10% | Published advice | “A part of all you earn is yours to keep. It should be not less than a tenth”: George S. Clason, The Richest Man in Babylon, 1926 (text). |
| Impulse buys, subscriptions, delivery, steady weeks | App's rule of thumb | Counted straight from your payments; the levels that flag them are this app's choice. |
| Future You growth | Standard maths | Regular saving with monthly compounding. The growth rate is an example you set, not a forecast; inflation and taxes are not included. |
| Categories | App's rule | Matched by shop name; your own choices always win. |
All transactions
Wrong category? Change it here. The app remembers your choice for every payment to the same place.
| Date | Description | Category | Amount |
|---|
We don't save out of fear or scarcity, and not just to survive. We save with a goal in mind: small changes to today's habits that make us better spenders now and better investors later.
Your goal trail
If you keep these habits
Tap a habit to add itThis is an illustration, not a forecast or advice. The growth rate is an example you can change; set it to 0% to see the money simply kept aside. Investing can lose money, and inflation and taxes are not included.
Saving is step one. Growing is step two.
Coming soonWe don’t save to survive. We save so that the money we keep can start working for us. When your goal is on track and you have a safety cushion, Banutz will walk you through your first steps as an investor.
- Build a safety cushion first. A few months of your costs kept aside, so you never have to sell in a hurry.
- Learn the basics. What a share, a bond and an index fund are, and why time and fees matter more than luck.
- Practise with pretend money. A sandbox where you invest play money and watch it move, with nothing real at risk.
- Take your first real step. How to choose a regulated broker and how much of your budget can go in each month.
Banutz will teach, not sell. Nothing here is investment advice, and investing can lose money.