I am terribly bad at managing money. I don't know how much I have on myself at this particular moment, I don't know how much I have in my bank account at the moment, I don't know how much I have in my stash, I don't know where my stash is, nor I know which currencies the money in the stash is in.
I don't know how much I paid for all the bills last month, I don't know whether it was more or less than it was the month before. I have not the slightest clue how much it is compared to what I will pay this month, the one after it, or three months from now.
I don't know if the water company is being honest by charging me as much as the meter said I consumed.
I don't know if I use the most efficient Moldtelecom package, because I have no idea how many of the included minutes were not used. Maybe I should switch to a low-end package?
Am I paying too much for my Internet? Do I really need an unlimited traffic contract with my ISP, if in the past N months my needs never exceeded X GB?
This is just the tip of the iceberg; if I add all my minor expenses (5 lei here, 20 lei there) to the game, I might discover that the sum of little parts ends up being greater than the sum of the big ones!
Could it be so that it is much more efficient to buy a home theatre and invite my friends over, instead of going to the cinema?
A couple of months ago I was disconnected by the electricity company for "not paying the bill"; they didn't bother asking me whether I received it in the first place; I didn't even notice that that month I received fewer "papers" than usual. On the other hand, if they sent two papers instead of one, would I foolishly pay both invoices without noticing?
I have no clue, because I am terribly bad at managing money. And so are you, if your response for most of the above was "I don't know either"; if you think you're not, you should review your definition of "good at managing money". Things become a zillion times trickier if we add "living on my own" and "wife and kids" to the equation.
I hope I've convinced you, that there is a need for an instrument that can aid us in dealing with the points described above.
Technology will help us.
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