Nova v1 was a financial planner aimed to show you what goals you could afford while maintaining your lifestyle. It projected your monthly required savings for your goals, and estimated to your monthly saving capacity based on your historical monthly net cash flows.
Once your goals were considered realistic, Nova calculated your monthly budget using the reverse budgeting methodology. Nova didn’t take into consideration unrealistic goals.
<aside> 😦 Problem: This approach relied on past data and didn’t allow users to create future scenarios to see how they could reach their goals.
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Nova v2 is a fully forward-looking app. The first of its kind. Goals, income, and recurring expenses will generate a series of future cash flows.
While Nova v1 was only planning goals that were assessed as realistic, with Nova v2 you’ll have the freedom to forecast anything you want.
<aside> 🎯 With Nova, your job is to stay cash-flow positive and your Free Cash Flows to finance any short or long-term goals.
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Balance is now on the home screen. It includes both past transactions from Open Banking, and forecasted transactions. We rebuilt a new chart from scratch for much better performance and smoother scrolling.Recurring. One-time forecasts aren’t here