At Wellspent, we aim to empower people to spend their money well, but we don’t expect you to feel that way overnight. We created the option to reflect on your purchases as a means of helping you better understand how your spending habits impact your overall values. The purpose of reflection is to identify opportunities where you could save money while maximizing the joy you feel from the purchases that make you happier overall.
Choosing to tag your purchases will allow you to personalize the way you are tracking the money you spend. Custom tagging exists to help you learn more specifics around your spending. The more purchases you tag; the more data Wellspent can share with you to help you find areas of improvement and highlight areas where you are excelling.
Being smart with money isn’t just about following a by-the-numbers strategy of cutting back spending and setting budgets. It’s also about the small yet impactful ways you can fine-tune your personal finances, maximize your dollars, and ensure more of your money is spent on what brings you joy (while less is wasted on the things that don’t).