Open Banking - the top 4 banks in Australia can now provide a copy of your transactional data, to a third party of your choice. This is known as "Open Banking" and was an outcome of the Banking Royal Commission, to increase online services and drive consumer benefits. The top 4 banks opened July 2020 and second tiered institutions have until January 2021 to provide functionality.

Financial Timing - use timing targets to drive financial performance. Where you drive cost down for ongoing obligations, you can also use timing to drive efficiency for reserve and day to day accounts.

Cryptic Debt - is the debt you create, before you see it. Cryptic Debt evolves when you overspend in any area, leaving you short of a future requirement. It harbours with liquidity and is prominent across personal finances, becaue you simply don't see it. After pay, early salary or similar services, can also drive Cryptic Debt which leads to further dangers, such as term inefficiency (see blog for further details).

Defined Expenses - any lifestyle requirement with a set due date.

Reserve Accounts - any lifestyle requirement without a set date, uses a relative "reserve amount" to track progress.

Shortfall - the amount short of a defined requirement.

Surplus - the amount exceeding a defined requirement.

Capture Efficiency (CE) - a single click process which takes suprlus from an account and allocates funds to the nearest shortfall requirement across your lifestyle. You can turn Capture Effieciency on/off, from CE settings.

Quick Balance - single click function to balance funding requirements at points during the program. Tick relative account boxes to recieve an equal share of the funding requirements (positive or negative), click Quick Balance and Save.