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Amanda Barroso

👤 Speaker
154 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Hey, y'all, listen, I just went to Target the other day and my receipt was exactly what this listener is talking about.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

It was like bluey rain boots, baby wash, some hummus.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

I mean, like it had it all.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Oh, my gosh.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Listen, well, we're flying to New Jersey next week and it's going to be snow on the ground.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

And this is as close as I can find to snow boots here in Atlanta.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

So blue rainbows it is.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

But this is, I think, a really common issue.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

I'm so glad we got this question.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Absolutely.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

So I reached out to folks at Monarch, the folks at YNAB and EveryDollar, and I asked them directly, just like, hey, how do your apps address this issue?

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

I spoke with the head of product marketing at Monarch.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

She explained two features that could potentially solve this problem for our listener, I think.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

So the first is this new receipt scanning feature in the app.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

So you snap a photo of like your Costco receipt.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Monarch automatically attaches it to the right transaction, right?

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

And adds details about what you actually bought.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

So I think it kind of sounds like it does exactly what our listener was hoping it would do.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

It splits one big charge into multiple properly categorized transactions.

NerdWallet's Smart Money Podcast
The “Commingled Purchase” Problem That Budget Apps Don’t Warn You About

Well, it might not categorize it into wants and needs, but it might say peaches belong in groceries, which are needs, right?

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