Josh Daniell

These are New Zealand-based apps.

And if you link your financial accounts, then they can automatically create a budget for you because they pull in your historic transactions and they've been categorized so they can essentially create a historical budget that you can track against going forward.

Absolutely.

So that historical budget or that automatic budget creation is really a starting point so that you're not starting with a blank canvas.

From there, you might say, I want to change these things and you change the amount in each category.

And then with dynamic data feeds, it's automatically tracking against that.

So you don't have to manually enter transactions and stay up to date with it.

That's right.

It will automatically assign those transactions to the budget categories.

I would say, though, that example of what you spent at Bunnings, those ones are tricky and they can be opinionated.

So if someone has spent $300 at Woolworths, that may be food, but you may have hosted a dinner party.

And so for you, you may see that as entertainment.

It may be discretionary from your perspective.

So there will always be those areas.

It can't read your mind.

Yeah, exactly.

That is the next frontier of personal financial management products.

How do we turn from insights into action?

And that is what I'm personally really excited about.

I sort of got into this world because I'm interested in the concept of self-driving money or set and forget finances, where you can just set up your financial life in a way that is gonna compound favorably for you.