Most people’s worst nightmares include forgetting bill payments. With the amount of services that crowd our lifestyle these days, this definitely does not come as a surprise. Be it electricity, mobiles, water supply, credit cards, telephone and what not. Remembering each one of their bills, due date and their amount ain’t an easy task! This is where BillBaba steps in and comes to your rescue.
BillBaba is an Indian web application which is primarily aimed to serve as a reminder for all your current and future bill dues. But its utility doesn’t end here, it supplements itself with functionalities which include maintaining your payment history, analyzing your spendings, setting financial goals and keeping track of your lendings/borrowings. Yes all that and what’s more important, it’s completely free.
Simple Registration
The usage is simple, register through your Facebook account and you are done! No tiresome registration form fill up procedure required.
Reminder Service
Once logged in, simply add reminders for anything and everything and they’ll alert you via facebook, email and sms. The SMS feature is only available for people residing in India.
The reminder setup includes options like the frequency (monthly, weekly, daily), due date and Alert threshold which lets you choose the number of days prior to the due date that the notifications should start coming. The bill calendar lets you preview your reminders and their due dates for the entire month. The reminders are simple to stop, once you have paid your bill you can simply mark it as “paid” on the Facebook or web app or reply with the amount to the email and it won’t bug you until the next due date.
Financial Goals Feature
Personally I find the financial goals feature most compelling. It lets you specify the details about the goal (car, house etc.) in terms of amount needed and already collected, the reminder frequency and starting date. What’s more, the Goal calculator lets you input the annual rate of interest and notifies you of the savings you need per month to achieve it within the target time.
You can also keep track of the amount of money you have lent or borrowed. You need to specify the amount and the person whom you have lent and the app would do the awkward task of reminding the person of the loan once the person registers himself. Your borrowings can also be added and reminders for the re-payment will start off according to the frequency and date specified.
Analyse Your Spending – Graphical Depiction
The analysis feature is another winner from the developers. How we would all love someone to graphically and pictorially depict our spending trends both by category and by bill. BillBaba does that for you by helping you spot your over-spending instantly!
BillBaba is constantly gaining popularity. Future growth includes, aim to be a one stop shop for all bill payment related problems. To get all the bills at one place and at the end of the month, users only need to specify the total amount due and the app takes care of the rest.
Our Take
You rarely get to see such a good product providing so much of utility from Indian developers. As fas as monetising the app is concerned, the founders must be having some plan. Right now, their aim should be dishing out more features to the product and adding more users. I have a feeling that the feature which will pay bills automatically, might be a source of revenue for them in the form of percentage cuts of each bill paid. What’s your take?
If you want to explore more, the promo video below will help you understand the dynamics of the app better.