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Level Money unveils budgeting app for iPhone

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Soma Tah
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SAN FRANCISCO, USA: Level unveils Level Money, a free app built with Millennials in mind that turns an iPhone into a real-time money meter. In a world where most of our money is represented digitally rather than as physical cash, Level Money provides the mobile equivalent of opening up your wallet to see how much money is available.

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Level Money provides a live snapshot of a user's spendable income for that day, week, and month and eliminates the need to use antiquated budgets and spreadsheets or to categorize purchases into buckets like "groceries" or "entertainment."

Instead, the tool performs an automatic analysis to calculate a user's total income, recurring bills and recommended savings each month; it then tracks a simple "spendable" balance, broken down by day, week and month. Every time users complete a transaction - such as grabbing coffee or picking up groceries - the app automatically updates their remaining cash available for that day.

Level Money automatically updates spendable cash as we make purchases each day, week and month and provides a simple, real-time picture of how we're doing in order to stay in the black. There's no need to manually categorize transactions or do mental math. Understanding daily cash flow allows users to visualize larger goals: any money not spent rolls over and can be used to make bigger purchases later.

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Level is designed with bank-level security and encryption and high privacy standards. The company has partnered with Intuit to help manage sensitive data. Intuit provides Level Money members a trusted security and technology platform already used by millions of people.

Level Money, is available in the Apple App Store. It plans to release versions for Android as well.

 

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