The problem is you have lots of places where you keep money in some form (you OWN it, e.g. a Savings Account, value of your Home, Superannuation or 401k) and where you are using someone else’s money that you will need to pay back later (you OWE it, e.g. a Credit Card, your Mortgage, money you borrowed from your sister). Let’s agree to call all of these “ACCOUNTS”.
Normal accounting packages will have you recording every little transaction (every expense and income item) - but what if all you really wanted was to get a sense of the trend in your overall balances? And here’s the really interesting bit - you really want to COMBINE multiple accounts together into COLLECTIONS. For example, the Equity in your home (value - mortgage) or your total NET WORTH (all your accounts combined).
That’s what “Richer or Poorer” does for you.
So what are you waiting for? Click on the button above to download the app and understand if you are getting “Richer or Poorer”.