heaps! updates


christina@heaps.co.nz

By Christina

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Just like you, we’ve been saving up our pennies, and today we decided to put some of our savings toward helping someone on Kiva.

Kiva is a website that connects people through lending in hopes of alleviating poverty.  They work with microfinance institutions around the world to provide loans to budding entrepreneurs.  Kiva doesn’t charge interest to to its Field Partners, nor does it provide interest to lenders.  However, Field Partners are free to charge interest, but Kiva will not partner with an organization that charges exorbitant interest rates. Kiva also requires Field Partners to fully disclose their interest rates, so their practices are very transparent.  As an organisation, Kiva eliminates barriers to accessing capital – a helpful thing for people in developing countries who are trying to start their own businesses and become self-sufficient.

Meet Diana

Through Kiva, heaps! partially funded a loan for Diana Cañas, a 37 year old mother of three from Bogotá, Colombia.  Diana started her own business by making clothing in her tiny apartment.  While competing against local workshops, she has managed to grow capital and expand her business to dominate the neighborhood market.  Thanks to her persistence and hard work, she currently owns 5 semi-industrial sewing machines.

This loan will help her purchase a fully industrial sewing machine to improve the quality of her products and reduce production time.  Diana’s dream is to expand her workshop and offer a greater variety of pieces that will catch the attention of new customers in other regions of Colombia.

As a company that strives to help people achieve their goals, we at heaps! wish Diana all the best in her entrepreneurial endeavours.




alicia@heaps.co.nz

By Alicia

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To celebrate Kiwibank being NZ’s Best Value Bank (for the fifth year running!) we’re giving away 2 Gold Lounge tickets!

Be the 7th person to sign a friend up to heaps! and you will win 2 Gold Lounge tickets for you and your friend.

Retweet on Twitter or Share the message on Facebook and get your friend to register for heaps!.  We’ll contact the winner and confirm their friend has registered and you two will be off to a night at the Gold Lounge. Good Luck!


christina@heaps.co.nz

By Christina

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In the latest release deployed this morning, we’ve focused on improving the user interface – making  a few changes here and there that will make getting around heaps! a little easier.

Here’s what you’ll find:

Skip Set up wizard link

For new users (and for those who use the Restart set up wizard function), you can opt to skip the wizard by clicking the link at the bottom.  heaps! will remind you to set up your accounts at a later time if you haven’t already done so.

Subcategory Column

Instead of seeing just Home, Food, Fun, Travel, and Other in the ‘Category’ column on your Home and Spending pages, heaps! now displays the subcategory.  This makes your categorising a bit easier because you can decide at a glance if you need to do any re-categorising.

To the spending page…

As always, the blue pencil is there for you to click if you want to edit a category.  This is now separated from the subcategory name.  Clicking on the subcategory will now take you to the spending page so that you can see a breakdown of your expenditures from that subcategory.

“Only Change This Transactions” is the Default

Many of you wrote in wanting this, and here it is.  Instead of “Change all transactions like this” being the default for categorising, we’ve left the box unticked.  This way, if you accidentally forget to look at the box, all your hard work in sorting out which BP transactions were ‘Petrol’ and which were ‘Snacks’ won’t be lost.  Instead, just that one transaction will be affected and you can go back and tick the box if that’s what you had intended.


christina@heaps.co.nz

By Christina

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From 6am to 8am on Wednesday, 29 September, we will be deploying fixes and making some changes to improve your heaps!.  So if you’re one of those early birds who likes to budget before you head to work, you might want to hold off for just a bit on Wednesday.

As always, feel free to flick an email to support@heaps.co.nz if you have any questions.


christina@heaps.co.nz

By Christina

12 Comments

In reviewing our options for customisable categories we considered how a new system would change the overall usability of heaps!. Ultimately, we wanted something that would address your needs of a more flexible budgeting tool yet still provide effective and accurate reporting.  We’ve decided to develop a more extensive list of categories that will make categorisation and analysis of spending much easier.

How it works:

The new list of categories give you a lot more choice. You can categorise at a high level or in more detail. The list of cateogories will be organised into two tiers. The first tier allows you to categorise your transactions at a higher level, while the second tier allows you to categorise your transactions much more specifically. Among our increased list these we’ve included Gas in our Power & Gas category, Legal and Financial Services, and Home Improvements categories that have been requested by the heaps! community.

We’ll be incorporating a great synonym search tool that suggests categories as you type. For example, if you start entering ‘Children’, heaps! will recommend the existing category ‘Kids’. This will help maintain consistency for your budget.

Having this expanded list has given us the opportunity to improve how you analyse your spending and allow you to budget more efficiently. You will be able to breakdown your Eating Out spending to see how much you spend on Coffee, Lunch, Takeaways, Snacks, or Restaurants. And we’ll be improving how this data is displayed as well.

When will this be released?

We’re targeting early October 2010.

What’s next?

We are considering a tagging feature for those who want to track and compare their transactions in a more comprehensive way (husband’s spending vs. wife’s spending, expenses for child 1 vs. child 2, petrol costs for using car 1 vs. car 2, etc).  Any thoughts you have on this idea would be greatly appreciated.

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alicia@heaps.co.nz

By Alicia

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We are thrilled to announce that heaps! has won not one, but TWO Telecommunications Users Association of New Zealand (TUANZ) Innovations Awards! Held in Auckland, this prestigious annual award ceremony recognises outstanding innovations within the telecommunication arena in New Zealand.

Nominated as a finalist for three categories (Education, Commerce, and Innovation), heaps! walked away with both the Education and Commerce Awards.

In evaluating finalists for the TUANZ Commerce Award, the judges were looking for the most innovative financial product, service, or initiative developed in New Zealand and delivered electronically to New Zealanders to enhance the customer’s experience. The finalists for this category were a diverse group with very different value propositions, and heaps! was the winner in the end.  The judges commented that heaps! “goes beyond counting your money because it changes consumer behaviour. With Kiwibank behind them, heaps! also has huge export potential.”

The TUANZ Education Award (sponsored by Aurecon) was given to the business with the most innovative education or training product, service, or initiative developed in New Zealand, delivered electronically to New Zealanders. The judges recognised heaps! as a product that contributes to general education (applicable to whole life learning, e.g business, community, primary, secondary, tertiary, etc). They commented that “heaps! overcomes a gap in the provision of financial literacy. heaps! also has a wide application to all New Zealanders with a bank account and not only will it help solve New Zealand financial literacy problems, it also has the potential to grow the New Zealand economy.”

We’re incredibly honored to be recognised by TUANZ, and we humbly thank our customers and Kiwibank for their support.

The Kiwibank and heaps! team at the 2010 TUANZ Awards


alicia@heaps.co.nz

By Alicia

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Goals are awesome. They motivate you and keep your on track to getting what you want. In heaps! we’ve made goal setting even easier by creating goal templates for you to choose from. Of course you can still set your own goals, but these templates come with a list of tasks that are filled out already for you and will keep you on track to achieving your goal faster. You can choose from templates like buying a car, buying a house, getting out of debt, saving for a medical procedure, going on holiday and saving for retirement. Check out the screenshot below for a taste of what these templates look like:

When ever you want to add money towards your goal you no longer have to go to the goals page first. Just click “I spent it on a goal” when you’re categorising a transaction and it will do it quickly for you. Check out our new goals tracking page below, it is full of milestones along the way to help you break up your journey.

Even better, now you can celebrate by seeing a goal completed in heaps!. Your completed goals are also kept on record so you can see past goals that you have achieved. Go you!

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alicia@heaps.co.nz

By Alicia

4 Comments

How can you make it easier to understand your finances? By adding structure and getting organised! When it comes to understanding your spending, for some, a general overview is good, and for others, the more detail the better. You’ll notice the next time you log into heaps! that we have implemented a new look to the categories’ interface. We’ve added new style and effects so that when you categorise a transaction, you no will no longer have to scroll down and find your place again.

Also regarding transactions, there are new abilities for marking transactions as regular. When you categorise a transaction you will be able to mark an income transaction as being regular, and you when you mark any transaction as regular you will be able to enter a custom amount of how much you expect it to be each time. If you would like to allocate money towards your goal you can now do that on this page. Just click “I spent it on a goal” when you are categorising a transaction and heaps! will allocate this money for you. Too easy! Log in now to check out the new changes!

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Bobby

By Bobby

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The team here at heaps! has been working hard to improve things for everyone and our latest upgrade is going to be implemented Tuesday night, so unfortunately you won’t be able to access heaps! from 10pm. You can look forward to the following new features once the site is back up and running at around 8am on Wednesday morning:

New look interface during categorisation You’ll see new style and effects when you go to categorise a transaction, and it will appear under the transaction so that after you save, you won’t have to scroll down and find your place again.

New abilities for marking transactions as regular When you categorise a transaction you will be able to mark an income transaction as being regular, and you when you mark any transaction as regular you will be able to enter a custom amount of how much you expect it to be each time.

Goal templates With our new templates you’ll be able to choose a goal such as “Buy a car” or “Get out of debt” with the name, description and tasks already filled out for you.

Add a new goal from categorisation If you click on “I spent it on a goal” when you’re categorising a transaction you’ll be able to add a new goal without going on to the goals page first.

Goals progress display Your goals graphs will constantly update to show how much you’ve saved and spent on your goal.

Easier editing of goals You’ll be able to edit your goals easier and faster, mark a goal as spend or investment, and see your goal picture instantly after uploading.

We’re also releasing fixes for some bugs that we’ve found throughout the site, so heaps! will be running smoother than ever. These include mending the goal calculator, fixing up the way that categorisation remembers bill payments and income, stopping the budget start date from wandering for those of you who budget fortnightly, making the graph and figures on the homepage consistent, resetting sub categories when you go back to “All Spending” on the spending page and fixing a couple of bugs in our welcome wizard.

So bear with us on Tuesday night while heaps! is down during our upgrade, then log in on Wednesday and check out the new improvements!

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christina@heaps.co.nz

By Christina

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Was achieving your goal in heaps! but not being able to ‘complete’ it, a bit of an anti-climax?  Well, get your party hat on because now you can!  When you’ve reached your goal, heaps! will display a message on your home page to let you know it’s time to celebrate.

heaps! will also display your completed goals at the bottom of your goals page so you can feel a warm sense of pride every time you check it. Then if you find that you haven’t saved as much as you thought you had or that your goal actually costs more than originally planned, you can reactivate a completed goal by clicking on reactivate and decreasing the amount saved or increasing your goal target. You can also allocate or deduct money from an active goal anytime you like.

We’ve also done some background maintenance so that your heaps! runs more smoothly.  We know that you’re all quite eager to see some of the bigger, more exciting changes, and rest assured, they’re on their way.

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