I think there’s a part missing from the “tell us about your money needs” section when you sign up for AI.
For one, yes we all have utilities and subscriptions, and we have income… but what about, oh… I don’t know… all our other expenses that don’t fit into those categories quite as neatly?
Insurance, car payments, HOA or Condo fees, internet and phone bills, annual things like yearly accounts to services, or tax services.
The utilities bucket very specifically shows “Water, Power, Gas” and not these other kinds of expenses so I didn’t bother to include them. And then had onset paranoia that the “Bills” bucket would not take the correct amount. Or recognize my expenses well enough to know to include them there. (I know this is something Envel is working on, but seeing all positive balances as “Income” is deceiving, and not knowing where the money is going except as “Outgoing” in most cases is scary. I don’t know anything about where my money is coming from or going to, and every other bank has that capability. So its a lot of trust just letting envel ‘do its thing’.)
Am I then supposed to calculate the monthly totals for annual fees and include them in that input field as well?
And what about regular charitable donations?
I understand the desire to keep things —$!^^9!3— erm … I mean, easy to understand and use… , but its hard to give an exact figure for monthly expenses for things that do not fit these default provided categories, ya know?
It would be really helpful if, as transactions for payments come in, you can label them as “monthly expenses” or “yearly expenses” or leave them alone, so Envel can learn about our bills with our help, and so we feel we have some control in instructing the AI what our specific needs are.
I am not asking for “granular control” like I did with that other service. But just a little more control than “none”.