Managing monthly bills and sticking to a budget is tough for many people, which is why so many turn to financial apps for help. Among these, Hiatus is making waves for its promise to not just keep track of your finances but also to slash your monthly bills, sometimes by a significant amount.
It’s the kind of app that seems almost too good to leave off your smartphone, so we decided to take a deeper look to see just how it stacks up, who it’s best suited for, and whether it lives up to the hype.
Hiatus stands out by doing more than just monitoring your spending. It acts as a full-blown financial assistant, keeping an eye on your bills and subscriptions, and even stepping in to negotiate better rates on your behalf. It’s this proactive approach to saving you money that sets Hiatus apart from the rest.
At this point you might have some questions. You might wonder, “Is the Hiatus App safe?” or “Is the Hiatus App good?” Read on as I answer your questions related to Hiatus.
For an in-depth look into Hiatus App check out our full review.
What is The Hiatus App?
The Hiatus app, was brought to life in 2016 by founders David Callis and Todd Gower. Designed to offer a comprehensive overview of users’ recurring bills and subscriptions, Hiatus stands out for its ability to centralize various accounts, providing insights into transactions, significant expenses, and spending habits all in one place.
Since its inception, Hiatus has rapidly ascended in the fintech sector, analyzing billions of dollars across transactions and winning over a million users’ trust. Its appeal lies in its streamlined approach to financial management, eliminating the complexity of handling personal finances across multiple platforms.
What makes Hiatus truly unique, however, is its proactive nature. Beyond merely tracking monthly expenses and subscriptions, the app evaluates whether users are overpaying and actively engages in negotiations to reduce those costs.
Basically, Hiatus acts as a personal financial assistant, tirelessly working to ensure you’re not paying more than necessary, making it an invaluable tool for anyone looking to optimize their financial health.
Is the Hiatus App Safe?
When diving into the world of financial apps like Hiatus, it’s perfectly reasonable to ask, “Is the Hiatus app safe?” After all, the app asks for access to your financial accounts, which is no small request. Thankfully, Hiatus takes the security of your financial information seriously.
The app is fortified with 256-bit encryption, the gold standard in the industry, and the same level of security you’d expect from your bank’s online services. This ensures your data is encrypted, keeping your private information just that—private.
Moreover, Hiatus is committed to maintaining the utmost privacy for its users. The app promises never to hold onto your login credentials, minimizing any risk of data breaches. With these rigorous security measures in place, Hiatus provides a safe environment for you to manage your finances, giving you the confidence to use the app without worrying about the safety of your financial data.
Is the Hiatus App Good?
What is considered good is highly subjective and will come down to your individual needs and goals. Here are the beneficial features the Hiatus app brings to the table, so you can decide for yourself:
- Automated Financial Assistant: Acts on your behalf to prevent overspending on monthly bills by negotiating lower charges for negotiable expenses.
- Bill Tracking: Monitors all your monthly bills and subscriptions, ensuring you’re only paying for the services you truly use.
- Bill Negotiation: Takes the initiative to contact service providers to lower your bills, potentially saving you money.
- Subscription Management: Identifies and helps you cancel any unwanted subscriptions, streamlining your monthly expenses. Savings with this subscription cancellation service can save you unnecessary monthly payments that are unsee on auto payment.
- Monthly Budgeting: Provides budgeting tools to help you set up and stick to a monthly budget, keeping your spending on track. Its budgeting capabilities might save you the costs of investing in a standalone budgeting app.
- Bank Balance Tracking: Connects to you financial institution and monitors your bank account balances to help you avoid overdraft fees and manage your finances more effectively.
- Customizable Alerts: Sends timely reminders for upcoming bill dates, payment reminders and subscription renewals. Be notified of upcoming payment dates so you can plan better and never miss a payment.
- Secure Data Integration: Ensures your financial data is protected with bank-level encryption, keeping your information safe and secure.
- Net Worth Tracking: Offers insights into your overall financial health by tracking your net worth, a valuable tool as it paints you a clearer picture of where you stand financially.
Final Thoughts
Hiatus excels as a comprehensive financial assistant, keeping tabs on bills and subscriptions and negotiating better rates to save you money. This hands-on method of enhancing your financial health is what makes Hiatus more than just a tracking tool, it’s a partner in financial optimization.
For those concerned about security, Hiatus addresses these worries head-on with bank-level 256-bit encryption, ensuring that your financial data remains secure and private. The app’s dedication to user privacy and data security means you can manage your finances with peace of mind.
Is the Hiatus app good? Given its comprehensive approach to financial management and robust security measures, the answer seems like yes for those looking to streamline their financial life and save money in the process.
Ready to take the first step towards smarter financial management and potentially lower monthly bills? Click Here to explore everything Hiatus has to offer and see how it can transform your approach to personal finance.