Summary
Spending channels add another layer to insights and comparisons by showing how your money flows across different payment methods and accounts.
How This Works in Nance
Spending channels don’t replace categories—they complement them by introducing a “how you spent” dimension.
1. Adds a New Dimension to Insights
- Categories answer: What did you spend on?
- Spending channels answer: How did you spend it?
This means your insights include:
- Channel-wise breakdown (UPI, card, ATM, cash)
- Account-level contribution to spending
2. Enhances Comparisons
In comparison views (e.g., month vs month):
- You can see:
- Changes in channel usage over time
- Shifts like:
- More UPI usage this month
- Higher card spending last month
This helps identify behavioral changes, not just amount changes.
3. Top Spent vs Most Used Insights
Spending channels introduce two key perspectives:
- Top Spent (amount-based)
- Which channel/account contributed the most money
- Most Used (frequency-based)
- Which channel you used the most times
This distinction reveals:
- High-value vs high-frequency behavior
4. Works with Filters
- Channel insights adapt to:
- Date range
- Categories
- Accounts
So you can analyze:
- “How did I spend on food?”
- “Which channel I used most this week?”
Why This Matters
- Helps you understand payment habits
- Identifies dependency on certain channels
- Enables better financial decisions and control
Important to Know
- Available only in Analytics and Comparison views
- Does not affect:
- Budgets
- Categorization
- Works alongside categories for a complete financial picture
Categories tell the story.
Channels tell how it happened.