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Sean Pyles

👤 Speaker
10039 total appearances

Appearances Over Time

Podcast Appearances

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

No.

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

Do you guys know what I'm talking about?

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

I did.

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

I did.

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

My algorithm is full of random crap from Costco and people buying them.

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

So with this jar of peaches, the whole gimmick was that there was one woman in one video who spent maybe five minutes trying to get the peach out of the jar because she

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

It just wasn't designed to actually get the peaches out, I guess.

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

And then when you eat it, it's a whole entire peach with the pit in it.

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

So eating it is a mess, but I still did it for the novelty of it.

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

And to me in the moment that felt like a need because I love peaches.

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

But in retrospect, that was probably more of a want.

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

I would have categorized that a little bit differently.

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

That's all to say, it's hard to sort these things out in the moment.

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

So Amanda, what do you think is maybe a good place to start when categorizing these different purchases when using budgeting apps?

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

I mean, I would hope that some apps...

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

that have a functionality where you could split purchases in one purchase into different categories?

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

I mean, I imagine it depends on the app that you're using.

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

How does the app know if those peaches are my need or my want?

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

Yeah, that sounds really crucial for YNAB in particular because of how it functions.

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

This is a zero-based budgeting app, meaning that every single dollar in your budget is accounted for and would be allocated across these different categories.