Paperless Finance: How it makes saving money simple

The simplest, and perhaps most important aspect of financial literacy is the ability to track, save, and budget our expenditures. Financial literacy is inextricable to the well-being of our lives and families. This is common knowledge. But it’s not common practice, is it? Studies have revealed that globally, financial literacy is shockingly low.  With all of today’s technology, we have to wonder, why is this the case?

There are many pathways we could sift and dribble through to explain this phenomenon. However, the simple truth is that people don’t have the time. At least, they don’t think that they do. In fact, some of the most significant problems facing the economic landscape are crises of attention.


We’re busier than ever because we’re more distracted than ever. Rushing to the store and tapping the debit card or Apple Pay service to get what we need quickly, never thinking to stop and actually catalog the transactions. Thousands, and thousands of transactions. As inflation rises to the worst highs in decades it is of course imperative for the individual to make a change in their expenditure tracking.

Saving well, budgeting, and making smart financial decisions– these are not merely habits to acquire through the use of tools and fancy frameworks. Our purchases and transaction history are quite adept representations of our personalities and lifestyles. They are psychological, to say the least. 

Save for actual necessities like rent, mortgage payments, food, or hydro, we buy things out of emotion. We buy things because we are happy, we buy things because we’re afraid, angry, impulsive, sympathetic, curious, passionate, and so on. It seems that the key to correcting our purchasing habits is to adjust our attitudes. This starts, of course, by taking a very close look at an itemized list of everything we’ve purchased in recent history.

To no surprise, there is an abundance of studies displaying a problematic relationship between our smartphones and subsequent spending habits. They operate by the same cognitive reward system. Not to mention that the physical ease of buying something online has become astoundingly simple, it’s at the touch of the fingertips. Don’t get me wrong, sometimes we can buy something good on a whim, however, the reality is that the majority of financial troubles result from repeating bad decisions. 

If smartphones are part of the problem, the answer is not to avoid them, but to embrace their educational capacity. We should use them to our advantage. For the last several years Yubilly has worked on making this process smooth, effortless, and dynamically informative. We want to bring the ease of financial excellence to the palm of a hand. 

Now, to convey some practical advice, I would like to bring forward some findings of the Yubilly Market Research Team. Please look below for a guide curated by our finance team to start using paperless receipts to track and save your money better:

Yubilly QR codes automatically archive your purchases on a fast and secure network accessible by iOS and Android software. This archive is extremely beneficial to those interested in recording, sorting, and learning more about their purchases and purchase patterns. 

Yubilly is a third-party application unmonitored by institutions or private enterprises. This means your personal information is 100% offline. Simply scan the QR code (or share your Yubilly email address) upon purchasing something and the information will upload to the archive. It is fast, secure, and easy to access. Watch your expenditures lineage in a readable, trackable list that explains your financial behaviour on chronological, real-world scales. For more information, visit our About Us page, or see How it Works.