Ep 36 - Simplifi for Churners: Keeping Better Track of Your Money
Nov 16, 2022
auto_awesome
Discover how the Simplifi app streamlines personal finance and budgeting while tracking credit card and bank account churns. The hosts dive into its benefits over competitors like Mint and YNAB, showcasing its flexibility and ease of use. Learn about its unique features for churning enthusiasts, including account categorization and integration. They also discuss some quirks of the app, ensuring you know what to expect when managing your finances seamlessly.
Simplifi is ideal for churners as it consolidates multiple accounts, allowing for easier tracking of spending requirements and financial goals.
Unlike competing apps, Simplifi offers an ad-free experience and flexible budgeting features at a lower cost, enhancing user satisfaction.
Deep dives
The Benefits of Using Simplify for Tracking Finances
Simplify provides an efficient way to manage numerous financial accounts, particularly beneficial for individuals involved in churning. By allowing users to link different accounts such as banks, credit cards, and brokerages, it aggregates financial data and calculates net worth without manual input. Users can also categorize transactions to set spending goals, which helps in tracking expenditures more effectively. Simplify is especially advantageous for churners as it simplifies the organization of multiple accounts while keeping track of spending requirements for various credit card bonuses.
Comparison with Competitors: Mint and YNAB
Compared to other financial tracking apps like Mint and You Need a Budget (YNAB), Simplify stands out due to its ad-free experience and comprehensive customization options. While Mint is free but laden with advertisements and limited in features, YNAB's zero-based budgeting may not fit churners who require more flexibility in fund allocation. YNAB is also pricier, which makes Simplify, at just $3 a month, a more appealing option for users looking for robust features without the constraints of strict budgeting. Thus, for those engaged in churning, Simplify proves to be the more suitable choice for managing finances effectively.
Practical Usage and Key Features of Simplify
The practicality of Simplify lies in its ability to display real-time changes to financial accounts, ensuring users can monitor the timing of annual fees and spending across various credit cards. Users can consolidate financial information by grouping accounts and setting up notifications for payment due dates and fee assessments. This makes it simpler to manage the nuances of churning, like knowing when to cancel cards to avoid fees and tracking overall spending. Additionally, the ability to customize account names aids in maintaining clarity across numerous accounts, enhancing the user experience for those managing extensive financial portfolios.
Full review of Simplifi, an app that's useful not only for personal finance & budgeting, but also for keeping track of all your credit card, brokerage, and bank account churns in one place.
⚡️ View the live churn tracker for real-time updates on all the churns as they happen.
------------------
♡ Enjoy this episode?
💌 Most people find the show through word of mouth. Please forward to a friend if you think they would enjoy it 🙏
⭐️ Or if you have a bit of time, please consider leaving a rating or review on Apple or Spotify. The algorithm gods (and me) thank you for your sacrifice 🙇♂️
Have questions? Leave a comment to get answers, share datapoints, or just say hello 👋
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode