Nova is the world’s simplest Goal Planner where you can set financial goal(s) and see what it takes to reach them. Here is how it works:
The app is also an education platform to learn the basics of what’s financial planning, how to budget, how to analyse your transactions…
And we just finalised the support of Monzo pots So you can plan/prioritise all the goals created in Monzo.
I lived most of my life below the poverty threshold and realised that the main sources of financial inequalities are financial education and mindset. We live in a world where only people who have money learn how to manage money, how stupid is that?
Financial Planning used to be a service accessible only to the wealthy, so I wanted to make it accessible for everybody.
My more belief is that with the right mindset and education, anyone can be financial free.
Nova VS budgeting apps
Budget apps show how much money is spent, they are backwards looking.
Nova shows if your spending are in line with your goals, and will alert you when you need to slow down your spending. It’s forward looking.
Nova comes with a forward looking budgeting and tracking methodology, explained in this video: Understanding the Track Screen - YouTube.
Nova VS robot savers
We don’t believe in robo savers (here is why). Feel free to disagree, but the only way to be in control of your finances is by actively managing where your money is going. So we built Nova for those who want to actively manage their money, improve their habits and be forward thinking.
What does the AI do?
Nova estimates your saving capacity based on your transaction history to assess how realistic your goals are, and when you can complete them. You get real-time feedback on your goals based on your day-to-day spending.
In other words, Nova creates a plan, and helps you execute it.
Since Nova tries to understand your financial situation, it’s important to have all your accounts connected.
If some accounts are not supported, then please recategorise any transaction from/to these accounts as “Transfer to myself”. This will tell Nova that these are not income/expenses.
Who is it for?
Nova can be used to save for holidays, house deposit, plan your investments, and keep track of your daily spending. We designed it to help people plan their finances and improve their habits.
What kind of goals can I set?
You can add any savings and very soon investment goals.
Just to clarify, Nova is not a financial advisor and won’t tell you where to invest your money. Think of it as your personal CFO or executive assistant that will show you the optimal allocation of your income across spending, saving and investing.
How do we make money?
Just like Monzo, you get the standard features for free and can upgrade to a premium plan within the app.
I’m here to answer all your questions .