
The Cleo app is a financial management and budgeting app designed to help users better manage their money, save, and track expenses in a user-friendly way. It uses artificial intelligence (AI) to give personalized advice, track spending habits, and provide financial insights in a fun, interactive format.
Here’s a breakdown of how Cleo works and how it benefits users:
// Budgeting & Spending Tracking: Cleo connects to your bank accounts (via a secure process) to track your income and spending. It categorizes your expenses and provides insights into your spending habits, helping you understand where your money is going.
// Financial Insights: Cleo offers visual reports on your spending, income, and savings, making it easier to set budgets and savings goals. It uses AI to suggest improvements and give tips on how to manage money better.
// Saving Money: Cleo can automate savings for you through a feature called "Cleo Save." This feature lets you set savings goals (like saving for a vacation or emergency fund), and Cleo can set aside small amounts of money automatically, based on your spending patterns.
// Cash Advance: One of Cleo’s key features is the cash advance service, which allows users to get a small cash advance (or paycheck advance) without interest or hidden fees. This is particularly useful for people who need access to cash before their paycheck arrives. You can request a cash advance directly from the app.
The amount varies but is typically between $20 to $250, depending on your history with the app. Cleo charges no interest on the advance, but there may be a fee, especially if you choose an expedited option for receiving the funds.
Make sure you watch until the end of the video to see my final verdict on the Cleo app.
⏰ Timestamps:
0:00 - Intro
0:58 - What is Cleo
2:07 - Cleo Features
3:05 - Cleo Pricing
5:00 - Cleo Security
5:58 - Cleo Pros
6:15 - Cleo Cons
6:49 - Cleo Final Thoughts
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Video host: Sean Lehman
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