Finwise

What is Finwise?

FinWise is a personal finance management platform that Jason Russell and Nicol Vojacek launched back in February 2023. Their goal is to help people get a real handle on their money. You can use it to plan out your financial future, keep an eye on how you’re doing, and dive into your spending, income, savings, and even your net worth. As of July 2024, FinWise has already attracted over 1,900 users. They offer a subscription service, meaning no annoying ads and they promise not to sell your data to anyone. Plus, they’ve got a neat AI tool called the FinWise Assistant. It’s designed to help you manage your financial profile with a personalized onboarding process, offer AI-driven advice on all sorts of money topics, and provide tailored support. Security and privacy were really important when they designed the FinWise Assistant, so your data should be well-protected.

Who created Finwise?

Jason Russell and Nicol Vojacek are the folks behind FinWise, having started it in February 2023. Their big mission? To be the absolute best personal finance management platform out there, anywhere in the world. They’re really focused on helping individuals manage their money effectively. By July 2024, FinWise had already signed up more than 1,900 users, and it’s growing fast. They’re committed to making financial management both comprehensive and super easy to use.

What is Finwise used for?

• See all your accounts in one place: Get a clear overview of everything.
• Save money and keep tabs on your spending: Understand where your money goes.
• Plan your financial future and track your progress: Set goals and see how you’re doing.
• Analyze your spending, income, savings and more: Get a deep dive into your financial habits.

Who is Finwise for?

FinWise is a great tool for a variety of professionals, including:

• Accountants
• Financial Advisors
• Software engineers
• Designers
• Finance professionals (and other Finance professionals!)
• Start-up founders (and other Start-up professionals!)

How to use Finwise?

To really make the most of FinWise, here’s a straightforward way to get started:

1. Start Planning: First, you’ll want to input your financial details – think income, expenses, what you own (assets), and what you owe (liabilities). This helps you build a solid plan for your financial future and then you can track how you’re progressing against it.
2. Gain Insights: Take some time to analyze your spending, income, savings, and net worth. This will give you a much clearer picture of your financial health. Use these insights to help you reach your financial goals.
3. Connect Accounts: For a complete view, securely link up your bank accounts, credit cards, investments, and anything else. It all comes together in one place.
4. Budgeting: Setting up budgets for different spending categories is key to managing your money well. You can track your expenses, compare them from month to month, and make sure you’re staying on track with your budget.
5. Customize Financial Scenarios: Want to see how different choices might affect your finances down the line? You can create and compare various financial scenarios to get a better understanding.
6. Export Data: If you need to do further analysis or just like having your data handy, you can export it in CSV format.
7. Utilize FinWise Assistant: Don’t forget about the AI-powered FinWise Assistant! It’s there to offer personalized advice on financial topics, give you little nudges to keep you on track, and make it easy to find helpful information.
8. Ensure Security: You can trust that FinWise is designed with security in mind, so your data and privacy are protected while you use the platform.

By following these steps, you’ll be well on your way to managing your finances effectively, gaining valuable insights, budgeting smartly, and making well-informed decisions with FinWise.