About CheddarScope

FAQ

Site Layout Home What - title page Why choose CheddarScope? A hands off approach to personal finance Cost Simplicity and Security Contact Pricing About CheddarScope is a personal finance app. It is a financial aggregation and budgeting tool with a “hands off” and “don’t break the bank” philosophy. It operates under a subscription-based service with a 30-day free trial. Who are you? We are CheddarScope, a family-owned business that employs a lean team of financial enthusiasts, security experts, software and cloud engineers, and marketing pioneers. We have well-rounded expertise and wear many hats. What is a financial aggregator? Most individuals or couples have multiple financial accounts, be it credit cards, bank accounts, etc. A financial aggregator is a tool that shows data from these accounts, particularly transaction data and account balances, all in one location. How do I used CheddarScope to categorize and budget? Once you sync all your desired financial accounts, CheddarScope allows you to create simple rules that will auto-categorize incoming transactions. This allows you to filter and sort through transactions in a more meaningful way. In addition, CheddarScope allows you to set up budgets so you can see if you stick to the limits you set in certain categories. What do you mean by a “hands off” approach ? Many personal finance apps encourage their users to spend more time with their finances with the idea that more attention to to them will facilitate solutions. Our view at CheddarScope is almost the opposite. Ain’t nobody got time for that! We want our users to be able to get a pulse reading on their financial health, not dedicate hours of their lives to it every month. Once you setup your CheddarScope account, our auto-categorizing of transactions into your budget categories makes your experience a “hands off” one. Do you have phone apps for iPhone and Android? Yes and no. We are currently a 100% browser-based app. However, we have a quick, nifty trick to make our web app act just like a phone app, and as a bonus, it won’t take up any precious storage space on your phone. It takes less time than downloading an app on the App Store. Instructions to get the CheddarScope iPhone app. Instructions to get the CheddarScope Android app. Are you secure? We adhere to cutting-edge security practices, including industry-standard solutions to the OWASP Top Ten (https://owasp.org/www-project-top-ten/). In addition, CheddarScope’s servers don’t store highly sensitive data: we partner with world-class companies MX (https://www.mx.com/trust/) and Stripe (https://docs.stripe.com/security) to manage financial institution credentials and payment methods, respectively. Am I locked into a contract if I sign up for CheddarScope? No, you may cancel at any time. And if you find don’t like CheddarScope during the free trial, you can cancel without spending a dime. How much does CheddarScope cost? After a 30-day trial, CheddarScope is $5 monthly or $50 annually. See our pricing section. Why are you so inexpensive compared to competitors? Don’t mention competitors CheddarScope doesn’t have a lot of bells and whistles compared to some of our competitors, but according to our research, we found that most customers only use the core features. In fact, a lot of fancy features tends to scare or discourage many users: they don’t want to see ten variations of a Comprehensive Multi-Dimensional Metrics Analysis *phew*, they just want to see if their budget is panning out at a glance. Because we are lean and focused on core budgeting app features, our developer team is small. Developers are expensive, and so the money we save on development filters directly to you. Why isn’t CheddarScope just free? CheddarScope is not a huge company with various revenue streams: this app is our sole focus. We took our passion and made it our livelihood, but the CheddarScope app is how our team makes ends meet. However, in the spirit of transparency, we make less than 50 cents per user per month: a vast majority of a CheddarScope subscription goes to hosting and partner fees. Why do I have to put in my payment information to get started with the free trial? This is a common practice with subscription-based services, as studies have shown that users who are willing to commit by putting in payment credentials for a free trial are more likely to use a service long-term and find benefit from it. CheddarScope offers the most benefit after consistent use, and we are most interested in helping users who benefit from our services. Does CheddarScope use AI? Not currently, but it is in the works. When we do launch AI, it will be completely optional: we realize that many are wary of AI, and if a user doesn’t opt in to using it, AI will not be able to view their data. Blog

Why We Started CheddarScope

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