Liquid for iPhone and iPad
Liquid is the mobile app to know how much money you'll have by the end of the month. Spend. Achieve. Be prepared for the future.
See the brief user's manual and video below:
The Liquid App
The Guide Only for Those Who Want to Simplify Money
Once you’ve set up your account by creating a user name (email address) and password, it’s time to create all your buckets. Think of a bucket as the home for each account, whether the account actually exists, such as a bank account, or doesn’t actually exist, such as the amount you wish to spend on gasoline each month. When you see "[“ and “]” that will indicate an action you will need to take on the screen, such as tapping or pressing.
Quadrant One: “money”
Let’s begin with your liquid information: all the money you have that’s liquid (not invested or tied up until a specific date in the future.) The buckets in this quadrant are the only ones that represent existing money, whether it’s in your pocket or at a bank.
1) Open your “money” quadrant [press money].
2) Create a bucket for all the places you have money/cash that’s not invested [tap the “+” square] to create your first “money” bucket.
3) There are three different “money” types: CASH, CHECKING and SAVINGS; choose which of the three you wish to add by [tapping the appropriate bar], then name it, enter the current balance, and save it.
Example: you have $52.38 in your pocket; [tap CASH]; Name: [enter In My Pocket]; Balance: [enter 52.38]; [tap DONE] (in the number pad); and [tap SAVE].
Continue adding “money” buckets by repeating the process starting with [tapping the “+” square] in step 2 above.
Now that you’ve entered all your money, you may go to another quadrant. [Press the money square] and you will return to the home screen.
Quadrant Two: “receiving”
Now that you have your money set up, let’s set up the money you receive from your labors, net of tax withholding. For those of you who work on a commission, figure out your average income; it can be on an annual amount or a weekly amount, Liquid will figure it out on a monthly basis. If your work consists of projects, you may enter as many projects as you wish; more information on that follows in the steps below.
1) Open your “receiving” quadrant [press receiving].
2) Create a bucket for all your income sources [tap the”+” square] to create your first “receiving” bucket.
3) There are three different “receiving” types: WORK, DISTRIBUTIONS and PEOPLE; choose which of the three you wish to add by [tapping the appropriate bar], then name it, enter the amount you receive, select whether or not it’s recurring (for projects [toggle the “recurring?” switch to off]), choose the frequency, and save it.
a) WORK: this is exactly what you think it is: earned income
b) DISTRIBUTIONS: this is income from investments
c) PEOPLE: this is when you’ve loaned money to someone and they need to pay you back
Example: From your current job at Acme you take home $3,000.00 per month; [tap WORK]; (the recurring button defaults to “on”; Name: [enter Acme, Inc.]; Income: [enter 300000]; Per: [tap the “per” bar and select the frequency (Year, Month, etc.)]; [tap DONE]; HRS/WK: [tap the “HRS/WK” bar and select the appropriate amount)]; and [tap SAVE].
Continue adding as many “receiving” buckets you need by repeating the process starting with [tapping the “+” square] in step 2 above. All “receiving” buckets will start with $0.00 in the month you create them; when rollover occurs on the first of the following month (and every month thereafter), you will then see the monthly amount.
Now that you’ve entered all your receiving buckets, it’s time to enter your credit card balances and your expenses.
Quadrant Three: “spending”
This quadrant and the fourth quadrant are for all of your outflows. As you’ll see in the description for quadrant four, that quadrant is for special outflows. Let’s start entering all your monthly expenses and your credit card balances.
1) Open your “spending” quadrant [press spending].
2) Create a bucket for all your expenses and all your credit cards [tap the “+” square] to create your first “spending” bucket.
3) There are three different “spending” types: SPENDING (such as groceries), CREDIT CARD, and BORROWED (if you have borrowed money from someone, such as a friend; this does not included loans on your home or car, as the monthly payments on those will be an expense); choose which one of the three you wish to add by [tapping the bar], then name it, enter the monthly amount, and save it.
Example #1: your current credit card balance is $2,348.92; [tap CREDIT CARD]; Name: [Enter Visa]; Balance: [enter 234892]; [tap DONE]; and [tap SAVE].
Example #2: you spend $800 a month on groceries; [tap SPENDING]; Name: [enter Groceries]; Monthly Amount; [enter 80000]; [tap DONE]; and [tap SAVE].
Continue adding “spending” buckets by repeating the process starting with [tapping the “+” square] in step 2 above.
Quadrant Four: “saving for”
This quadrant is for all your non-monthly expenses and anything you wish to save for.
1) Open your “saving for” quadrant [press saving for]
2) Create a bucket for all those things you’re saving for [tap the “+” square] to create your first “saving for” bucket.
3) There are three different “saving for” types: WISH LIST, TO INVEST, and INFREQ/UPCOMING; choose which one of the three you wish to add by [tapping the bar], then name it, enter the total cost, enter the date you’d like to have the money saved, and Liquid will calculate the contribution. For infrequent / upcoming items, you have to select how often the expense occurs (Quarterly, Annually, etc.) and save it.
Example: your auto insurance is $1,200.00 a year and is due November 12, 2012; [tap INFREQ/UPCOMING]; Name: [enter Auto Insurance]; How Often: [tap the “How Often” bar] and select the frequency (Quarterly, Annually), [tap DONE;] Goal Amount: [enter 120000]; [tap DONE]; Goal Date: [tap the “Goal Date” bar and select the appropriate date: November, 12, 2012]; [tap DONE]; and [tap SAVE].
Continue adding “saving for” buckets by repeating the process starting with [tapping the “+” square] in step 2 above. All “saving for” buckets will start with $0.00 in the month you create them; when rollover occurs on the first of the following month (and every month thereafter), you will then see the monthly amount.
Now you’re all set up! It’s time to begin dragging and dropping your transactions as they occur.
Suppose you go to the grocery store and buy groceries for $43.27 with your debit card. Simply drag and drop Checking to Groceries to enter the transaction. [Tap 4327] and [tap DONE]. You now have $43.27 less in both your Grocery and Checking buckets.
For the first time, you see where you really stand; with your Liquid Number you see where you'll be at the end of the month because it uses your upcoming cash flow. Now open Money back up.
Let's say you had to take your car to the mechanic and you didn't have a bucket for repairs. Drag Checking to your Liquid Number, enter the amount, and press done.
Your Liquid Number is your emergency fund. It is the difference between the left and right quadrants. You see from the above transaction that it went down because you decreased your checking account to pay for the unbudgeted expense. That is what the emergency fund is for. Shoes are NOT an emergency!
Each bucket contains a timeline that lists all the transactions for that bucket. [Tap the Checking Account bucket and tap the “Timeline” bar to see each transaction involving your checking account.] You can [tap each entry on the “Timeline” bar] to see the details, and there’s even a search feature for the timeline.
No one's budget is constant: that's why at the beginning each month when your buckets automatically refill with the budgeted amount, any unspent money from a previous month is automatically rolled over.
If you need more money in a spending bucket you can drag from another spending bucket to move money. Try that.
All done! Absolutely change or delete them as you see fit and add other descriptive buckets for your life.
At the beginning of each month, Liquid automatically rolls over your budget to set it up for the following month. For example, in the "spending" quadrant we budgeted $800 each month for groceries. Let's say at the end of the month you have $100 in your grocery bucket you didn't spend. That $100 gets rolled to the following month, and the following month's $800 budget gets added to it, so you'll have $900 to spend on groceries for the following month.
Now watch the quick video below for more tips and insights:
✓ Liquid Number
Your real, future situation is the difference between what you have and what you owe. Your bank account balance doesn't know how much you'll be receiving, nor what you'll be spending. But with Liquid, you quickly see where you'll be at the end of the month.
✓ Rollover Budgets
We all spend and earn different amounts of money month-to-month. Liquid obliterates the uncertainty and stress this causes with roll over. It is ok to go negative; there are no more annoying "overspent" alerts. Smooth-out your spending and get on with life.
✓ True Cost = Time
Wherever you see money within Liquid, you see time. The true cost of your purchases and goals you're saving for is the hours of work it takes to earn them.
✓ Drag and Drop
Drag and drop transactions on the fly to really touch your money. Liquid's fluid interface makes it easy and fun to take control of your money.
✓ Sync to the Cloud
Sign in to Liquid on your iPhone, iPad, and iPod Touch -- even simultaneously with your spouse or significant other. On the same account, data will be shared across devices and always synced up to date. (We use a secure connection to backup your account data so you can use Liquid on multiple devices. We will never share your personal data with anyone, promise.)
Download it from the App Store. Liquid is available today.
Why use Liquid?
Personal finance success has never been more achievable! Radically sink you debt to zero and fill your emergency fund.
Most people feel helpless when it comes to managing money - so they do nothing at all and are flabbergasted when they're still in debt and don't ever have enough money to do the things they want. Most methods are overwhelming spreadsheets that only show you where you've been with an overabundance of numbers that you don't know what to do with.
We hate spreadsheets as much as you do. That's why we designed Liquid specifically for iPhone and iPad. This is the perfect tool for those of us who don't want to deal with the aggravation of personal finances and don't like seeing a lot of disparate numbers, but want to get ahead. Take advantage of time-honored money wisdom in an app that becomes a part of your daily life.
Liquid is the way to simplify your money. You just drag and drop and Liquid does all the tortuous work for you. You can see where you'll be at the end of the month with a single glance.
Change your direction. Start looking through the windshield instead of the rear-view mirror and you'll be amazed how quickly your personal finances will turn around with this addictive app.
Download it for our 70% off launch special today!