BudgetSwift Frequently Asked Questions

BudgetSwift Frequently Asked Questions

Isn't it easier to just regularly pay my utility providers? How does BudgetSwift give me any advantage with bills?
It may appear easier but you are giving your utility companies all your potential interest gains. With BudgetSwift you have the option of pooling all of your bills towards a credit card debt, mortgage account (with redraw facility) or any account which gains interest. It is very easy to plan your budget with BudgetSwift. Budgeting with BudgetSwift will actually steadily increase the money available in your bills account, whereas making small payments to your utilities every pay day increases the profit of your utility companies - it makes sense to accumulate your own interest using BudgetSwift.

My financial advisor already tells me where my money should go, why would I want BudgetSwift?
Your financial advisor will love you for using BudgetSwift. Whenever you meet him/her to discuss your financial affairs you can take a full breakdown of your household accounting with you as a report printed from BudgetSwift. You can use the advice from your financial advisor and use BudgetSwift to help you manage that advice from week-to-week.

My bank gave me a free financial planning spreadsheet, so why would I want BudgetSwift?
Spreadsheets are not meant to manage your budget. Without a tool like BudgetSwift they can be helpful to see an overview of your financial situation at a single point in time, for instance if you are applying for a loan. BudgetSwift is a tool designed to help you manage your finances long-term, adding the advantage of current budgeting status for any or all expenses. BudgetSwift is also far more effective at creating reports for loan applications etc. Note that it is just as easy to fill the figures in with BudgetSwift as it is with a spreadsheet, with the extra benefit that the single entry in BudgetSwift will calculate against your pay periods into the future.

There are lots of home budget programs, why did you make another one?
Simple. We made home budget software that works. We did not model BudgetSwift from any other budget program, it is built from the ground up using original ideas, developing it against real family budgets. BudgetSwift has been smoothly running family budgets for years. Forget spreadsheets, forget gimmick software, forget the impossible complexity, forget the late night calculating. Just get BudgetSwift.

Why is this any different than a spreadsheet?
Spreadsheets simply cannot do what BudgetSwift does. You absolutely cannot cross-categorise budget items in a spreadsheet without ending up with a mind boggling array of linked sheets. Filtering on multiple categories would be even more difficult - it is unlikely that any budget planning spreadsheet exists that can do this. BudgetSwift provides seamless operation with your budget items, in as far as instantly changing figures on filtered items and viewing both individual calculated budget amounts, as well as budget amount totals. A click of a button reports on what you see. Besides that, you need to have the spreadsheet viewing application; BudgetSwift does not require you to have bought any other software.

Do you do anything with my budget information? Is it private?
Your budget data is not transmitted online in any way. Only the details required to register BudgetSwift are transferred over the internet. In short, yes your private financial data stays private.

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BudgetSwift Frequently Asked Questions