Why heyFinance was built

I had just returned to Germany from Nigeria, and I decided to look at my bank statement. Yeah, what I saw was unbelievable. Fortunately, I didn't just feel bad about it; I spent hours trying to understand what happened, and from then on, decided to be better with my finances.

I watched several videos on YouTube about this, created an Excel sheet, and that was the beginning of budgeting for me. It was just a basic setup, as I am not a pro with Excel: budgeted amounts for several categories, and a place to track account growth, debts, and receivables. On the 5th of every month from that day, I would come back to the budget, update some amounts if things changed, but even more important for me, I would update my account balances, input debt, and expected receivables.

With time, this became very time-consuming; for example, I would need to compute all Grocery transactions to be sure I was on track. I also started losing the bigger picture to help me plan ahead, like understanding why my monthly spend was increasing, having an overview of where I'm spending the most money, comparing this month to another month, etc.

With plans to start my business as well, I wanted a place where I could manage personal and business finance in one space. Where I can invite my wife to my personal space, and invite my accountant or finance manager to my business space.

With my experience so far, and with Feedback like this, yes, that's why we started working on heyFinance: a simple way to see where your money goes, plan budgets that actually work, and enable you to make better financial decisions. And this is just day 1 — Ayomide, Founder, heyFinance.