LifeCycle is private to the user and does not automatically retrieve information from banks, credit card providers, employers, or other external services. Because the app relies on user-entered data, projections and summaries are only as accurate as the information provided. Users should review entries regularly and update amounts, dates, and assumptions when their financial situation changes.
When working with credit cards, other revolving debt, or even mortgages, LifeCycle is not primarily concerned with the overall total balance owed. Instead, the app focuses on the monthly amount the user expects to pay and the amount that should be included in the monthly budget for future expense calculations. This keeps the user in control of the financial numbers that affect monthly planning while avoiding unnecessary dependence on total balance tracking.
