Christo Davel‘s new online personal finance management system has undergone some changes in the last few weeks, and many of these changes are significant enough to make the system a lot more useful.
Users can still sign up for a 30 day trial to see if the service is for them or not, and once the 30 days is over, they can still go see their existing analysis, and only updating will be disabled. So if you have a 22seven account that has not been used in a while, you can still go try out the new features.
“This was not a major update to 22seven, but rather an expression of the ongoing work we are doing to improve the service and deliver on our promise of helping people do more with their money. The additions we released this week allow people to split a transaction into multiple categories and a powerful new way of categorising, including new improvements to our machine-learning system that automatically categorises transactions. Soon you will be able to add some of your own categories to the system as well.” – Simon Dingle
So what is new?
Categorize your transactions differently – You can split transactions as well, so you do not have to use one transaction for only one category.
Split your transactions: You can separate out amounts from one transaction if, say, you drew cash and spent some on petrol and some on eating out, or if you used a card to buy groceries and clothes at the same store
Categorise more than 1 transaction at a time: 22Seven has given this feature some steroids and added extra flexibility and functionality. They also moved it to the Transactions page; it used to be in your History, where you could apply the same category and spending group to similar transactions.
Export your info: 22Seven now gives you the option to export all that data they have been working with, so you can take it wherever you want. You can download it as a CSV file, take it out of 22seven and into the big, wide world.
Link new credit cards: 22 Seven has added support for kulula, RMB and Virgin Money credit cards to your 22seven account, joining the list of all major financial services providers in South Africa. We find it strange that Virgin Money is supported, yet ABSA is not. After all, Virgin Money is run on ABSA’s backbone.
We are going to try the new 22Seven features – it would be interesting to see which of these financial management tools come out on top. While MoneySmart is free, 22Seven sports a beautiful interface which is really easy to use.
Have you tried the new 22Seven features? Let us know below.