Avenauld

Money coming in

Every month —

Of that, dependable —

How you're paid

Gross salary before tax Used for student loan repayments, which are worked out on gross pay.

How often are you paid?

Day of the month

— If the month is short, the app uses its last day.

One-off money in

Received in the last year —

Going out

Every month

Coming in —

Committed out —

Left over —

Where it goes

Committed every month —

Left for day to day —

Only committed spending is sorted into categories, because those amounts are known exactly. What you spend day to day stays as one honest figure — guessing at categories for it would be inventing detail Avenauld does not have.

Monthly bills

This month

—

Money in Money out

The rest of this month

Still to come in —

Still to go out —

Safe to spend —

Check in

—

Open your accounts and type in what each one actually says today. Avenauld shows you what it expected, so the difference is the useful part — not the number itself.

The account you spend from

What you owe

What you have

Invested and pensions

The difference

This sets today as the day you last told Avenauld where things stand.

What you owe

Everything you owe —

Of that, in the payoff plan —

—

What you own

Everything you own —

Of that, cash you can reach —

Invested and pensions

ISA allowance

Pensions

What you hold

Everything here also appears under What you own, grouped by how quickly you could reach it. Same records, two ways of looking at them.

The order to do this in

Money problems have a best order, and most people are never told it. This is not a list you write — every target and every figure below comes from your own records, and anything that does not apply to you is left out rather than sitting there at nothing.

Everyday spending

Roughly what do you spend a month on food, fuel and day-to-day things? —

On track for retirement?

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How that was worked out

The assumptions

What year were you born? —

Which standard of living?

Growth above inflation, each year (%) A real return, so the answer is in today's money. Three per cent is a cautious middle. Change it and watch the figure move. Your State Pension, a year —

This is arithmetic on your numbers, not financial advice, and it is deliberately simple. It does not model drawdown, tax in retirement, taking money before your pension age, or what markets do in the wrong order. A figure you can check beats a simulation you cannot.

Over time

Net worth —

What you owe

What you own

Every point is a month you checked in. Nothing here is estimated.

Can I afford it?

How much does it cost?

How would you pay for it?

—

Enter an amount above.

Settlement offer

Which debt?

What have they offered to settle for? The one-off figure that would clear the account in full.

—

Pick a debt and enter the offer.

Before you accept

What if I paid a lump sum?

A lump sum, paid now It goes against whichever debt your plan is attacking, and rolls onto the next if it clears one. Extra each month, from now on

—

Enter a lump sum above.

Could I get a mortgage?

Your salary before tax A second salary, if you are buying together Deposit How generous a lender?

Interest rate (%) Term, in years I am a first-time buyer

—

Enter a salary and a deposit.

Student loan, honestly

Which plan?

Balance outstanding Your salary before tax Years left before it is written off Interest rate (%) Student loan interest is set each year and moves with inflation, so this is an assumption rather than a fact. Pay rises each year (%) Thresholds usually rise too, so they are assumed to rise at the same rate.

—

Enter a balance and a salary.

Today

Welcome to Avenauld

What comes in?

Your first debt

That is everything

Enter your PIN