Times Internet has launched ‘Smartspends’, an app which helps users take control of their money.
Apart from organizing expenses, the app also creates a bill calendar where all the bills are aggregated in one view and then through its smart alert system, it ensures that users never miss paying bills and hence save on late charges.
By applying intelligent algorithms on the spend feed that is saved in the text inbox of the phone, it automatically organizes all the spends into different categories viz. travel, eating out, entertainment etc. This gives a complete picture of the user’s spends in one single place.
Another feature of the app (Android only for now) is Card Suggest where users can just let the app know where she is spending and Smartspends will suggest which of her cards (debit or credit) should be used for best savings.
The Smartspends app also personalizes deals and discounts in the market based on the users’ spending pattern.