I want an app that categorizes my purchases as necessities or luxuries based on the item, amount, past purchase history to help me curb unnecessary spending.
Added over 1 year ago
This concept measures the wrong parameters. Item, amount and past purchase history have no bearing on necessity.
For people who overspend or can't control themselves from buying things, having someone else tell them if an item is a luxury or necessity can help them give perspective. The item is relevant if you compare the purchase of clothing vs a video game. The price is relevant if a shirt is $100. And past purchase is relevant because if you just bought 10 shirts last week, buying another this week is not based on need. But again, just my rationale and what I think could help others. Not applicable to everyone or every purchase.
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Date entered: July 31, 2012
spend money wisely