Today, many personal and business finance apps, including our own, use advanced technology and, in some cases, AI to provide insights, savings suggestions, forecasts, and spending trackers to help people manage their money more effectively and they've come a long way in making budgeting more accessible, automated, and convenient.

But while automation can simplify financial planning, users should avoid fully replacing their own judgment, common sense, and ongoing learning with technology alone. Overreliance on apps without a solid understanding of personal and business finances can lead to several pitfalls.

For example, users might blindly follow automated recommendations without adjusting for life changes or unexpected expenses, leading to cash flow issues. In some cases, setting aside too much money based on default suggestions, without evaluating whether it's affordable or necessary, can cause strain or limit financial flexibility. Platforms might also misinterpret irregular income patterns or fail to account for nuanced personal goals, leaving users underprepared or misaligned.

That’s why we take a different approach. We aim to educate our users on the fundamentals: how much to set aside each month, what to prioritise, and how to maintain transparency and control from the start. We encourage people to make adjustments based on their real-life needs, not just what an algorithm says.

Ultimately, personal finance apps and platforms should be seen as supportive tools, not substitutes for financial literacy. When used thoughtfully, they can empower users but without understanding the “why” behind the numbers, even the smartest automation can lead to mistakes.