📊How analytics works in FIN AI

The analytics section of FIN AI is a powerful tool for those who want to understand their financial flows in detail, make informed decisions, and manage their budgets effectively.

What the analytics section includes

1. General balance sheet: Displays the current financial position with a summary of income and expenses.

2. Graphs of expenses and income: Visual representation of expenses and income in the form of graphs for the selected period.

3. Cost categories: A radial graph with amounts of expenses by category, for example: Education, Health, Transportation, etc.

4. Balance sheet statistics: Summary information about changes in the balance sheet over time, divided into income and expenses.

User case:

Bryan uses the analytics section to find out how much he spent on transportation over the past month. The radial graph shows that the expenses for this category amounted to 6,199 USD.

Step-by-step instructions

How to view analytics by category

1. Go to the Analytics section in the side menu.

2. In the Cost Categories block, view the distribution of costs in the form of a radial graph.

3. Hover over any area of the graph to see the exact amount of expenses for a particular category.

Analytics block in the desktop version of FIN AI

Setting the period

1. At the top of the analytics page, select one of the available periods:

• 7 days, 30 days, 60 days, 90 days.

• Or set a specific range by clicking the Select Date button.

• You can also select a period directly next to the chart: Weekly, Monthly, Yearly.

1. Charts and statistics will be automatically updated according to the selected period.

Time range settings options

How to use analytics to optimize your budget

1. Identify the categories with the highest costs: Analyze the radial graph to determine which categories need to be reduced.

For example, the "Cafes and restaurants" expenses can be reduced if you have a goal to save money for your goal.

1. Use the data to plan your budget: Use the summary data in the Total Balance section to determine how much money you have left for savings or investments.

2. Analyze changes over time: Use balance sheet statistics to assess your financial position over time. This will help you determine which days or months your expenses were highest.

User case:

Britney notices that in December, Transportation expenses increased significantly. She adds this category to the optimization priorities for the next month.