CartEncore vs budgeting apps

CartEncore isn’t a budgeting app

If you use YNAB, Rocket Money, Monarch, or just your bank’s own app, you already know where your money goes. Groceries have a category, the category has a number, and each month that number is either where you wanted it or it isn’t.

Your bank sees the total. An app that reads receipts sees the items in this week’s shop. CartEncore sees the same product across twenty-nine trips to the same shop, and what happened to it in between.

That last part is the whole reason this exists, and it is worth one real example before anything else.

The thing a monthly total cannot show you

I have kept my own household’s receipts for about nineteen months — 175 of them. Somewhere in there is a 100 g bar of Lindt Excellence 70%, which we buy most weeks.

We buy it on promotion. Not occasionally: it appears on 29 receipts, and on 24 of them there is a discount printed on the line. So the story in this house is “we always get that one on promotion”, and the story is true.

Here is what the receipts say. Over those seventeen months the shelf price rose 67%. What I actually paid rose 68% — discounted at the start, discounted at the end, two-thirds more at the end than at the beginning. Fourteen months of almost never paying full price, and the thing still ended up costing me nearly double.

No single trip would have made anyone notice. Every one of them felt like a good day.

And none of it was visible to a budgeting app, which is not a failing on its part. To the bank it was the same supermarket, the same weekly charge, the same category, month after month. The number that changed was inside the receipt, and the receipt was in a drawer.

At a glance

What is being comparedBudgeting appsYNAB, Rocket Money, your bankCartEncore
Main question“How much should we spend?”“What did we actually buy?”
Answers“Are we on budget this month?”“What has this cost us over two years?”
History per productNoYes — every purchase kept
Works fromthe line on your statementthe receipt behind that line
Starting pointa budget you set in advancereceipts you already have
Needs a bank connectionYesNo
Level of detailthe shop and the totalevery item, its price, its size
Usedbefore you shop, to allocateafter you shop, in seconds
Good forkeeping the total under controlknowing what the total was made of
Budgeting appsYNAB, Rocket Money, your bank

Main question

“How much should we spend?”

CartEncore“What did we actually buy?”

Answers

“Are we on budget this month?”

CartEncore“What has this cost us over two years?”

History per product

No

CartEncoreYes — every purchase kept

Works from

the line on your statement

CartEncorethe receipt behind that line

Starting point

a budget you set in advance

CartEncorereceipts you already have

Needs a bank connection

Yes

CartEncoreNo

Level of detail

the shop and the total

CartEncoreevery item, its price, its size

Used

before you shop, to allocate

CartEncoreafter you shop, in seconds

Good for

keeping the total under control

CartEncoreknowing what the total was made of

If that is enough to know whether you want it: CartEncore is not open yet. The receipt reader still has work left in it, and there is an early list at the bottom of this page. For more detail, keep reading.

Why this exists

There is a quieter version of the chocolate story, and it is the more common one. A tub of butter I have bought twenty times went up three times over five months — five cents, then ten, then five — and then sat still for the next eleven. Under nine per cent in total, in moves nobody notices. What you notice, a year later, is that butter costs more, without being able to say when that happened or by how much.

That is the shape of almost everything in a supermarket. Prices do not announce themselves. They move a little, wait, and move again, and the only place the whole sequence is written down is on a series of receipts nobody keeps.

GROCERY MARKET  $86.40 is what your bank hands your budgeting app. That line is all it gets. CartEncore starts from the receipt behind it — the seventeen items that added up to $86.40 — and then keeps them, so that the eleventh time you buy the same butter, the previous ten are still there.

I spent years running a site that told people where groceries were cheaper. It worked, and it taught me that I knew the price of milk across seven chains and had no idea what my own house had spent on meat the year before. CartEncore came out of that second part.

The receipt behind that line looks different in every chain — what US stores actually print →

Two different jobs

A budgeting app answers a question about the future: how much should we spend on food next month, and are we on track. It needs a plan, and it needs the plan to hold. YNAB in particular is very good at this, and has twenty years of method behind it.

CartEncore answers a question about the past: what did we buy, and what has it been costing us. It needs no plan at all. It needs receipts, which you already have.

There are also apps that read a receipt and split it into your budget categories. That is useful, and it is a different thing again — it makes this week’s shop legible. It does not tell you what the same product cost you last February.

You can run all of them, and I run two. A budgeting app can tell me the grocery number was $480 this month. It has no way of telling me that part of that number is a chocolate bar costing two-thirds more than it did last year, because it never sees the bar — it sees the shop. That is not a gap in YNAB. It is a gap between the bank and the till, and no budgeting app is on that side of it.

Join the early list

The receipt reader is not open to the public yet. Leave an address and I will write once, when it is.

No bank connection, now or ever.

Common questions

Do I have to stop using YNAB?

No. They do different jobs — one plans the total, the other explains what the total was made of and what it has been doing over time. I use both, and most people who want CartEncore will already have a budgeting app they like.

Do I need to connect my bank?

No, and there is no way to. CartEncore reads receipts, not accounts. Nothing connects to your bank, and no third party is given access to it.

Isn’t this just splitting a receipt into categories?

Splitting tells you what this week’s shop was made of. That is a real problem and worth solving. This is the one after it: the same product, bought again and again, and what has happened to it since the first time. One trip is a list. Two years of trips is a memory.

Is this a price comparison app?

No. It never tells you where to shop. It starts from what your household already buys and keeps returning to, and shows you what has happened to those things over time. Where you shop stays your business.

Can I use it today?

Not yet. The receipt reader works, but it is not open to the public, and I would rather say so than take a signup for something that is not ready. The early list is the honest version of a signup.