Legal & Finance
Introduction
Transforming financial choices into smart decisions
2K Product Information
2K is your money-saving companion designed to help you forecast finances, track spending, and receive personalized coaching to support conscious spending and informed decisions. The platform emphasizes future-focused financial planning, real-time visibility into cash flow, and practical guidance from a financial coach available within the app. It aims to reduce financial FOMO by aligning your perception of money with reality and providing forward-looking projections for up to three months.
Overview
- Purpose: Empower users to understand and manage finances with advanced forecasting, detailed spending insights, and access to expert coaching.
- Key Value: Move from guesswork to data-driven decisions with future financial projections and personalized recommendations.
- Accessibility: Available on iOS and Android with upcoming web access.
How to Use 2K
- Download the app and register. Sign in and link your financial accounts to start tracking.
- Track this month’s spending. Review your current month’s spending patterns, break down expenses, payments, and income.
- View next three months’ insights. AI models generate insights and projections for the next three months to help you plan ahead.
- Consult with a financial coach. Get personalized coaching and recommendations within the app, with responses typically delivered within 12–24 hours (or sooner).
Features and Capabilities
- Real-time cash flow tracking: See spending patterns, income, and payments for the current month.
- Short-term forecasting: AI-driven projections for the upcoming three months to inform budgeting decisions.
- Personal financial coaching: Access expert guidance directly in-app to improve money management and financial literacy.
- Account aggregation: Consolidate multiple accounts into a single view for comprehensive budgeting.
- Interactive feedback loop: Receive actionable recommendations tailored to your spending habits and goals.
- Privacy and security: Uses trusted technologies and bank-linking practices to protect data while enabling helpful insights.
How It Works
- Link bank and financial accounts securely via PLAID or equivalent providers.
- 2K categorizes transactions and builds a clear picture of living expenses, debt payments, and discretionary spending.
- AI models forecast future spending and income, highlighting potential gaps or opportunities.
- A financial coach provides personalized suggestions to optimize spending, save for goals, and reduce unnecessary expenditures.
Safety, Security, and Privacy
- Data is secured using industry-standard encryption and trusted linking services.
- Transactions are read-only; 2K cannot move money or change account data.
- Users can delete linked accounts at any time, which removes associated transactions.
Core Features
- Forecasting: Detailed three-month financial projections to plan ahead.
- Spending insights: Breakdown of monthly spending, income, and payments.
- Personal coaching: Access to a real-life financial coach with timely feedback.
- Account aggregation: View all linked accounts in one place for holistic budgeting.
- Secure linking: Bank connections with strong encryption and read-only access.
- Privacy controls: Options to manage data sharing and account deletion.
- Cross-platform access: iOS and Android with upcoming web availability.