“The point is to ensure that money moves the way people want it to,” he says. That means moving money on your behalf and taking care of menial tasks like paying bills.
I also live with roommates. Each of us sends our share of the utility bill to one person who writes the check each month. For the person who makes the payment to the utility company, Level can see that outbound transaction and pair it with the multiple inbound transactions from each roommate. You used to have to manually tag all that activity yourself, but now the app detects it and does it for you.īeyond “bringing clarity” to your budget, the next step for Level is automating your fiances, according to Fuentes. Utility bills tend to go up during those months, so by looking back at my past payments, Level can detect that curve and make predictions about how much money I should set aside. New York can get very cold in the winter and very hot in the summer.
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