Lumio

Lumio is an app designed to simplify couples' finances. It aims to help couples easily manage shared expenses, reduce living costs, and save together. Its key features include a Shared Space to track expenses, bills, balances, and net worth, connecting with over 100 banks and credit cards and controlling what's shared with the partner. It also enables splitting expenses with a simple tap or swipe, setting repeated expenses to share automatically. The Expense Tracker helps track monthly spending, calculate individual and total amounts spent, and break it down by category to save when overpaying. Bills & Subscriptions allow couples to know their financial standing, set spending splits as a percentage, and settle up in the app. For example, it's useful for couples who dine out and shop together. Advanced tips include regularly reviewing the expense breakdown by category to cut costs, setting up automatic sharing for recurring bills, and regularly updating bank and credit card information for accurate tracking.