It probably depends what type of tools you'd be prepared to build and
whether they would be free or incur a charge to use.
I suppose the simplest starting point is a view of whether I am spending
more than I earn (for a given period, whether that is week/month/year/etc.).
The level underneath to me would be about understanding what you're
spending your money on (normal type of classification of transactions
activities). It goes without saying you'd want this to be automated as
much as possible and reasonably near time. Messing around with bank
statements isn't any fun, you have to be really really keen to do it that
From that point it can get a bit more complex, so depends what your
appetite is. For me personally, I'd like the ability to set budgets (e.g.
for costs that I know about) and track against them, to help me understand
how much money I should have available to save/spend and whether things are
working out as planned.
It would also be nice to be able to create some what if scenarios with the
budgets. For example, if I reduced my weekly transport spend or lunch
costs, what difference does that make longer term. Possibly linking to a
I'll stop there, that's just my initial thoughts, are we on the same