What is the 'Smart Add' feature on ShowMeMoney?
The 'Smart Add' feature in ShowMeMoney is an AI-powered tool that processes and categorizes financial data from multiple inputs, including plain text and bank statements, automating the data input process for easier expense tracking.
How does ShowMeMoney visualize spending data?
ShowMeMoney visualizes spending data through a variety of interactive visualizations such as line charts, bar charts, and pie charts. These give users clear and comprehensive views of their financial trends over time, assisting in better understanding and managing their spending habits.
How secure is my data with ShowMeMoney?
Your data is secure with ShowMeMoney. The tool uses Plaid, a secure and compliant platform, to connect to your bank account. The connection only accesses your transaction history for the auto sync feature, and does not have access to any other financial information. Moreover, only the transactions you choose to save are stored.
What are ShowMeMoney's payment plans?
ShowMeMoney offers both subscription and one-time payment plans for users. Users can choose to subscribe yearly at $3.33 per month, or pay a one-time lifetime fee of $69.99.
Is it necessary to integrate my bank with ShowMeMoney?
No, integrating your bank with ShowMeMoney is not necessary. Users can track their expenses manually or use the 'Smart Add' feature without having to connect their bank account. Bank integration is an optional feature offered for user convenience.
What additional features does ShowMeMoney offer with a subscription?
When you subscribe to ShowMeMoney, you get access to all of its features. This includes Smart Add, Auto Sync, budget notifications, charts and visualizations, and organization tools. You also gain access to any features that will be added in the future.
Can Smart Add process data in plain text format?
Yes, ShowMeMoney's Smart Add can process financial data in plain text format. This means you can input financial information as plain text and the AI will process and categorize it, automating the data input process for easier expense tracking.
Is ShowMeMoney user-friendly for people with no tech background?
ShowMeMoney is indeed user-friendly for people with no tech background. The platform maintains a user-friendly approach and avoids unnecessary feature complexity, ensuring users have an easy time navigating and operating the tool.
How does ShowMeMoney help optimize spending behavior?
ShowMeMoney helps optimize spending behavior by providing its users with a clear view of their spending habits, sending notifications near budget limits, and helping to categorize and track expenses across different time periods and purposes.
How can I categorize my expenses on ShowMeMoney?
You can categorize your expenses on ShowMeMoney by custom categories, months, and labels. This allows for easy tracking and management of your spending across different periods and for different purposes.
Which charts are available on ShowMeMoney for data visualization?
ShowMeMoney offers a variety of charts for data visualization. Users can view their financial data through line charts, bar charts, and pie charts. This comprehensive view helps users understand their spending habits and trends over time.
Can I track my expenses manually on ShowMeMoney?
Yes, you can track your expenses manually on ShowMeMoney. Even though the tool provides options for bank integration and smart add feature for automatic data processing, users concerned about privacy can still choose to track their expenses manually.
What is the role of Plaid in ShowMeMoney?
The role of Plaid in ShowMeMoney is to provide secure and compliant bank integration. Plaid allows ShowMeMoney to import your transaction data from your bank, facilitating automatic synchronization while ensuring your financial information is kept secure.
Does ShowMeMoney have both one-time and subscription payment plans?
Yes, ShowMeMoney offers both one-time and subscription payment plans. The subscription plan is yearly, while the one-time payment gives you lifetime access to the platform. Both payment options give access to all the features of the tool.
How can ShowMeMoney help me to avoid overspending?
ShowMeMoney helps avoid overspending by providing clear visualizations of spending habits and trends, allowing users to actively manage their expenses. Additionally, it sends email notifications when users approach their budget limits, ensuring they are aware when they are close to exceeding their budget.
Is there a free trial available for ShowMeMoney?
Yes, there is a 48-hour free trial available for ShowMeMoney. Users can try out the tool and see how it meets their financial tracking and managing needs before deciding to purchase a plan.