What is Rex?
Rex or short for Record your EXpenses, is a personal finance management utility that was created to help anyone manage their budget and track their expenses.
Rex is designed to help you spend less, be more financially responsible and develop the value of saving rather than spending. Just dont become a miser because that is not how anyone should live their life!
Why Rex?
People have multiple credit and debit cards. Although each card will generally provide robust expense tracking capabilities, there are several problems with it.
> First of all, credit cards are designed to help you spend more! You cant set a spending budget on a card.
> More often than not, people will use one card for fuel, another for groceries and yet another for entertainment, movies etc. This is fine since each credit/debit card offers certain points towards specific purchases. But your expenses are strewn across multiple cards making it difficult to get a holistic picture of your spending habits.
> Credit card statement dates also seldom align with your pay period or start of the month, thereby making expense tracking still more difficult.
This is all designed to help you spend more and lose track of your finances!!!!!!! Your expenses are strewn all over the place. Many develop an anxiety towards their final credit card statement.
There are several third-party apps that help you link your cards into a singular view. But they have too many features, many steal your data and sell to other providers, the card linking breaks too often. Also its kinda scary to hand over your online banking details to an app.
Banks do provide a way to track expenses, but again, they dont play well with other banks, the cards of which you may own! Banks are also well known for how difficult their apps can be to use.
Enter Rex. Rex has a super easy interface with quick expense entry. Rexs budget setting helps you get a view of where you are with your spending this month and previous days, weeks and months. And Rex does not need to be linked to any bank or credit/debit card account and it doesnt steal your data. Please read Rexs super simple privacy policy here: https://www.coralworks.ca/privacy.html
What features does Rex have?
1. Enter expenses across 15 different categories
2. View all your expenses and their impact on your budget
3. Set your monthly budget and analyse spending over days, weeks and months
Negative features - features purposely left out:
1. No linking of cards
2. No linking of bank accounts
3. No selling of data to third parties
Whats next?
Expect a slew of refinements in the coming months. If you have any suggestions of feedback, please leave them in the App Store comments or contact us here:
https://www.coralworks.ca/index.html#contact