You'll find 6 different Spending Groups in 22seven. What are they and what do they mean exactly? We're glad you asked!
Day-to-day
Inconsistent or variable expenses that are usually smaller and less considered, and mostly paid for by cash or card - like clothing, groceries, entertainment and eating out.
Recurring
Consistent or fixed expenses that are usually paid monthly, and which you can plan for - like rent, insurance, phone contracts and school fees.
Exceptions
Once-off, ad-hoc or occasional expenses that are often substantial, and which can be unexpected or planned - like car repairs, appliances, home improvements and holidays.
Invest-save-repay
Spending that's good for your net value because it's increasing what you have or decreases what you owe - like unit trusts, retirement annuities, home or vehicle loan repayments.
Income
Money that comes into your everyday bank accounts - like your salary, rental income and medical aid refunds.
Transfer
Money that moves between your linked accounts - like payments from your bank account to your credit card, or vice versa.
💡 Find out more about transfers, or how to use your Budget.