Cash Flow and Capital: A New Personal Finance App

Kedrec, an Overland Park-based financial planning firm, has launched "Cash Flow and Capital," an app aimed at fostering healthier financial habits. Addressing challenges like inflation and debt, this app encourages users to manually categorize transactions, thereby increasing awareness of spending habits.

The app integrates with Plaid to securely upload financial data. Users are required to categorize transactions, intended to make them aware of their spending decisions. Kedrec’s CEO, Michael Decker, emphasizes the app's unique approach to managing personal cash flow by simplifying spending plans and presenting users with a realistic financial overview.

Customizable budgeting options are featured, allowing users to tailor it to their preferences. Decker mentions various budgeting methods, such as the 50/30/20 Rule and Zero-Based Budgeting. The app aims to empower users to make sound financial decisions and address cognitive financial barriers.