How Status Money Helps You Manage Your Finances
We recently launched Status Money (aka Status) in the United States and the feedback we have received so far has been amazing!
Status is the first and only website that lets you compare your finances to millions of people — for free!
It is the most advanced personal finance management (PFM) tool currently available and the only one that helps you manage your finances using the collective knowledge of the crowd.
This post showcases some of the amazing things Status does for you.
1) Status links to all your financial accounts, calculates your net worth, and gives you a complete view of your entire financial life
It syncs with all your linked financial accounts everyday and updates your net worth, spending, income, debts, and assets.
2) Status links to your TransUnion® credit file and gives you 24/7 access to your credit score
It tracks your credit score every day and shows you how your score compares with millions of people.
It also emails you every time a new account is opened in your name to help protect you from identity fraud (this is a very important feature given Equifax’s recent data breach).
3) Status shows you how your finances compare to millions of people like you
It is the first and only website that shows you how your finances compare with “your peers” — these are people your age that live in your city and have an income, credit score, and housing situation that is similar to yours.
Peer comparisons make it easy for you to find opportunities to save money.
For example, peer comparisons show you if you spend more on rent or restaurants than people living near you, if you have more debt than people with similar income, or if you pay higher interest rates than people with similar credit scores.
You can even create your own custom comparison groups! If you’re considering moving to another city, you can compare your spending to people in that city to see the cost of living differences. Or if you’re considering buying a house, you can check how much homeowners in your city are paying on their mortgages. This is amazing information that you can only get from Status!
4) Status categorizes your transactions, predicts your future spending, and helps you easily manage your budget
It automatically classifies your transactions into categories such as restaurants and shopping (it is about 80% accurate now, but you can easily reclassify transactions and it will start to learn from your edits).
It also predicts your future spending and income based on your transaction patterns and lets you create trackers for any spending or income category — so you can easily manage your budget!
5) Status compares your finances to millions of people and finds ways for you to save money
It continuously analyzes all your financial accounts and gives you natural language insights that help you improve your interest rates, reduce your fees, and grow your net worth.
These are just some of the ways Status can help you manage your finances and make smarter financial decisions!
Not a member yet? Click here to join for free!
Do you have ideas for us?
We are working on making Status even better — if you have an idea or feedback for us, we would love to hear it! Please email us at: contact@statusmoney.com
Learn more about Status:
Contact us:
contact@statusmoney.com
