CLEWA
A Web App to help you categorically track your expense history and establish personal budgets.
MY ROLE
Ideal Thinking, Researcher, UX Designer, UI Designer.
PROJECT TIMELINE
DEFINE PROBLEM
Overspending is a common issue people are facing almost everyday. Spending issues can impact people’s financial future and can lead to serious financial issues, like debt, home foreclosure, poor credit, even marital issues.
Some may have a shopping addiction if you shop to deal with negative feelings, argue with loved ones about your spending habits, buy things on credit that you couldn’t afford to buy in cash, or feel guilty or ashamed after going shopping.
RESEARCH
WHY DO PEOPLE OVERSPEND:
The reasons behind overspending can be nuanced, but they generally fall into one of the following three main categories:
- Ignorance.
- Making purchases with a credit card or digital wallet.
- A lack of self-discipline.
HOW TO STOP OVERSPENDING:
Understanding why you overspend is an important first step toward curbing poor habits. Then, you must take action. Get your money under control by using these six expert-backed strategies:
- Make a spending plan.
- Create small concrete goals.
- Automate savings.
- Spend in moderation.
- Calculate the work cost.
- Find other ways to reward yourself.
TARGET AUDIENCE:
- Consumers who want a precise number showing how much money they have leftover after expenses.
- Consumers who want to save money and need help to prevent overspending.
NAME OPTIONS:
- WalletButler
- Safe Future
- BK Flow
- SpendTrack
- Clewa
WORDLIST:
- Simple
- Accurate
- Digital
- Modern
- Reliable
PERSONA
COMPETITORS
Mint
PocketGuard
EveryDollar
Mint is a free personal finance service that’s in a class by itself. No web-based rival provides as comprehensive a collection of tools for tracking your income, spending, budgeting, and goals.
PocketGuard is a budgeting app that gives users a holistic view into their expenses and cash flow to help save more money each month.
EveryDollar is free budget app accessible from your computer and phone. It is based on a proven plan that’s helped millions of people get out of debt and save.
