FAQs Archive - Page 2 of 2

Q: How much time should I spend managing my money?

Most people will spend between 10 minutes and 30 minutes a month. Using MoneySwell your regular routine will involve a monthly account sync, a quick update to Cashflow Goals (your easy budgeting tool), and sometimes completing a few steps in your financial action plan. Of course you can spend as much time as you like. But we've designed MoneySwell to help you build an efficient and impactful financial routine that allows you to get in, get out, and enjoy your life.

Q: What do financial applications do with my information?

Many financial applications sell your personal information to advertisers or lenders. At MoneySwell, we don't do that . Really, it's true! We believe personal finance should be personal . We don't sell your personal data to anyone. If you're curious to see the legal details, check out our Terms of Service and Privacy Policy . Additionally, MoneySwell adheres the to the latest standards in online security. We don't store your bank account login credentials. And we're not a transactional platform. All of this ensures that your money and all your personal financial information stays 100% within your control.

Q: How do financial apps make money?

Most financial apps make money by selling advertising space on their site, selling your data to credit card providers and other lenders, or investing your money and taking a cut of the returns. We don't do that. 100% of MoneySwell's revenue comes from user subscriptions. This ensures that our only agenda is to help you improve your financial health. Additionally, because there are no advertisements on our site we can create the best user experience possible, uncluttered by promotions for products you probably don't need in the first place.

Q: Is MoneySwell just a collection of financial education articles?

Not at all! With MoneySwell you can sync your account balances all in one place, save your record of assets, liabilities, and net worth over time, and use a simple but powerful budgeting tool to stay on track with spending, saving, and income, and leverage the most useful retirement planning tool around. You can also add your own notes to each educational article as a reminder of the steps you took to improve your financial health.

Q: Should I use a financial planner to build a financial plan?

Certified Financial Planners (CFPs) serve an important role in helping to create financial wellness. MoneySwell is not a replacement for CFPs. CFPs can learn about the intricacies of your financial circumstances, your goals, and even your personality, in a way that only a human can do. However, the foundations of financial wellness are close to universal. Your job is to take action! And MoneySwell will help you do just that. By following your personalized action plan, you will be following time-tested steps that have worked for millions of people to meet their financial goals. Your MoneySwell action plan sets you up for success long before you ever meet with a CFP. And if you do meet with a CFP, we're confident they'll be glad you used MoneySwell to organize your finances and get on track.

Q: Can I really build an action plan for my money in minutes?

Yes, with MoneySwell you can build an action plan for your money in minutes! After completing a brief survey , MoneySwell will generate your customized action plan which outlines your financial roadmap. Depending on where you are in your financial journey, some tasks will be left out of your plan. But you can always customize your plan as needed by adding or removing tasks.

How much time should I spend managing my money?

What do financial applications do with my information?

How do financial apps make money?

Is MoneySwell just a collection of financial education articles?

Should I use a financial planner to build a financial plan?

Can I really build an action plan for my money in minutes?

Check out the Google Group Forum!