What is Controol?
Controol is a personal finance application designed to help users manage their money effectively through a 'box system'. Users log their income into the app, which then automatically distributes the funds into different virtual boxes based on user-defined percentages. This method aims to provide clear visibility into how much money is available for specific spending categories or savings goals, preventing overspending and promoting financial organization.
Before making a purchase, users can check the available balance within the relevant box. Expenses are logged within the app, deducting from the appropriate box and ensuring users always know their remaining balance per category. The app supports multiple major currencies and allows users to filter and download their transaction history. It also features integration with ChatGPT, enabling users to ask for AI-powered financial assistance directly within the platform.
Features
- Income Logging: Record income entries within the application.
- Automatic Distribution: Income automatically allocated to designated boxes based on set percentages.
- Box System Management: Create, customize, and manage virtual boxes for different financial goals.
- Expense Tracking: Log expenditures and assign them to specific boxes.
- Multi-Currency Support: Compatible with major currencies across North America, South America, Europe, and Asia.
- AI Assistance: Integrated ChatGPT feature to ask for financial help.
- Transaction Filtering & Download: Filter transaction history and download data.
- Box Customization: Personalize boxes with different colors for easy identification.
Use Cases
- Managing personal budgets using the envelope or box method.
- Tracking spending across various categories.
- Automating savings for specific financial goals.
- Gaining clarity on personal finances and spending habits.
- Making informed spending decisions based on available funds.
- Seeking AI-powered guidance on financial matters.
FAQs
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How can I generate savings with Controol?
You save automatically by creating savings boxes with a specific percentage. Every time you log income, a portion is automatically distributed to these savings boxes, ensuring consistent saving. -
Why choose the box system for managing finances?
The box system provides total control by dividing funds into specific purposes, preventing overspending and helping organize finances. It allows for conscious decisions about money, assigning funds to each expense and enabling users to choose which box to withdraw from based on the spending purpose. -
Does Controol work with different currencies and countries?
Yes, the app supports major currencies from North America, South America, Europe, and Asia.
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