Snap Budget facilitates tracking spending and projecting how much money you are likely to have in future months based on your current spending. Unlike other personal finance apps, Snap Budget is designed to keep your data stored locally on your computer. Your data will not be uploaded, stored, or shared in any other way. Your financial data is private, sensitive, and belongs to you.
Snap Budget works by downloading and importing transactions from your primary bank account where your money is ultimately credited and debited. Once these transactions have been imported, you mark repeating transactions accordingly and future placeholder transactions will be generated at the frequency you specify. These placeholder transactions will project how expected future transactions will affect your longer term financial health.
The premise is that most repeating transactions such as mortgages, utility bills, credit card bills, etc. are relatively similar, but when they are not, you can edit individual placeholder transactions appropriately.
Once your budget is created, you can keep it up to date by periodically downloading and importing new transactions from your bank and matching them with their respective placeholder transaction. Matching these transactions overwrites the placeholder transaction with the real transaction.
Snap Budget also attempts to intelligently match placeholder transactions with your bank transactions while importing. You can also configure each transaction to automatically match, never match, or always prompt in the future via import match rules, You can also configure the parameters that these import match rules use.
Another benefit of Snap Budget is to quickly see what your future minimum balances are projected to be for future months. These minimum balances can be thought of as your true savings or monetary surplus. Snap Budget also supports configuring a minimum balance threshold via the app settings to give you a warning indicator when a minimum balance drops or is projected to drop below a certain amount.
Snap budget will also allow you to quickly monitor important monthly metrics like starting balance, minimum balance, end balance, total credits, total debits, and net change and see if these metrics have increased or decreased compared to the previous month. This visualization allows you to quickly know if your financial health is improving or not.
Snap Budget requires an in-app subscription to use. Your subscription is greatly appreciated and will help support future development, new features, maintenance, etc. Subscriptions are currently offered annually or monthly. The annual subscription includes a free trial period as well as a discount.
With an active subscription, you will be able to do the following:
* Import QFX transactions from your bank (only stored on your computer)
* Manually add transactions (only stored on your computer)
* Mark transactions as repeating at a specific frequency
* Edit transaction dates, descriptions, amounts, etc
* Create and edit import match rules
If you decide to cancel your subscription you will still be able to use Snap Budget to navigate to different months, view previously imported and created transactions, and view metrics.
Snap Budget may introduce an optional feature in a future version for you to sync your data to your other Apple devices via your iCloud account. If that feature is added, your data will still belong only to you and only exist on your computer and in your iCloud account. It will not be uploaded, stored, or shared in any other way. This feature will also be disabled by default, so only those who wish to use it can.
Support requests are welcome via support@syntactly.com
Terms of Use - https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Privacy Policy - https://snapbudgetapp.com/privacy.html
