In this 3 week sprint, LABSmb looked to learn more about how personal expenses are affected by forces outside of our control. We started with the insight that budgeting tools are great at looking at our transactional history, but have no ability to use that historical knowledge to predict future spending.
To kick off the project we explored whether the individuals in our test group consistently spent more on sunny or rainy days. This was motivated by a desire to try to define meaningful spending influences that created consistent results.
We ultimately had the most luck looking at the frequency of transactions by category, and developing an expectation for how much would be spent based on the amount of time that had elapsed since the previous transaction.
This is the story of that exploration.
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