What's new in Funance: three views, one Bills card, and a payoff date that now counts interest

The sample household in the Funance demo owes $587,000 on its home loan at 6.19%, paying $3,800 a month. Until this week, the Debts tab said that would take about 155 months to clear. Counting the interest, it is about 310.

That was a bug in how we worked out payoff dates, and it is fixed. It is also the clearest example of what most of this month's work was about: making the numbers you already see more honest, and easier to read, rather than adding more tabs.

Here is everything that changed in Funance in November, why we changed it, and how each piece works. If you would rather look than read, the demo runs every part of it on sample data.

The short version

What changed	Where	Plan
Simple, Detailed and Expert views	The foot of the sidebar	Simple and Detailed free, Expert Pro
One Bills card, To pay and Paid	Budget	Free
An Income card with pay dates	Budget	Free
Bars that show what you have ticked off	Budget	Free
Renewals inside To pay	Budget	Free, reminders Pro
Two reminders per renewal	Renewals	Pro
Payoff dates that count interest	Debts	Free
Salary sacrifice at your own tax rate	Scenarios	Pro
A fuller monthly summary on the 1st	Email	Pro
Your name instead of your email address	Everywhere	Free

A payoff date that counts interest

Why. Funance worked out months remaining as balance divided by monthly payment. That is right for an interest-free loan and wrong for every other kind. On a home loan, most of each early payment is interest, so the balance falls far more slowly than the division assumes.

How it works now. In month one, the demo mortgage charges about $3,028 in interest ($587,000 × 6.19% ÷ 12). Of the $3,800 payment, only about $772 reduces the balance. Funance now uses the standard amortisation formula at each debt's own rate, which accounts for that, and the answer roughly doubles to about 310 months. The demo's credit card moved from about 12 months to about 14, for the same reason.

If a payment only covers the interest, the Debts tab now says so ("Payment only covers interest") instead of showing an end date that would never arrive. The same fix flows into the debt-free date on the Overview and the payoff order on Debts.

Salary sacrifice at your own tax rate

The Scenarios tab worked out the tax saved by salary sacrificing into super at a flat 47%. That is the top rate of 45% plus the 2% Medicare levy, and it only applies to income over $190,000 under the 2026-27 ATO rates.

It now uses the higher earner's own marginal rate plus Medicare. In the demo, John earns $114,000, which sits in the 30% bracket, so the rate is 32%. On an extra $5,700 a year, that is $1,824 of income tax against $855 taxed inside super at 15%: a difference of $969 a year. The label shows the rate it used, so you can check it. This is general information about how the calculation works, not a suggestion to contribute.

Three views: Simple, Detailed and Expert

Why. Funance has 11 tabs, and the Overview alone carries a trajectory, ratios, charts and a briefing. That suits someone who likes the detail. It is a lot for someone who wants to know whether they are okay this month. We had been trimming cards for one group and putting them back for the other.

How it works. A View switch sits at the foot of the sidebar (and in the account menu and the phone's More sheet), with three choices:

• Simple gives each tab one plain-English card first. On the Overview it is the month's answer: in the demo, "$6,250 left over in January once every bill is paid", how many bills are ticked off, and how past months closed against plan. The sidebar keeps Overview, Budget, Debts, Goals and Insights and folds the rest under More tabs. Each tab ends with a line saying what Detailed adds.
• Detailed is Funance as it was. Everyone who already had an account lands here.
• Expert adds a compact layout and the tables people kept asking for: ratios on the Overview, a six-month forecast and a yearly-bills sinking fund on Budget, every debt amortised with rate sensitivity at +0.25, +0.5 and +1 point, a refinance break-even, and Export CSV on every tab with data.

The rule we held Simple to: it hides presentation, never facts. Overdue bills, money owed and warnings show in every view. The choice is saved per person, so in a shared household one of you can run Simple while the other runs Expert.

Simple and Detailed are on every plan. Expert is Pro; on the free plan it falls back to Detailed and remembers your choice for when you come back.

One Bills card instead of four

Why. The Budget tab showed the same bill in four places: the bill tracker, the expenses table, expenses by person and a separate list on phones. Change an amount in one and you had to trust the other three caught up.

How it works. Every bill now lives in one Bills card with two tables. To pay shows when each bill is due, whose it is and the amount. Paid shows budget, actual and the difference. Tick a bill and it moves across. Group by due date, category or person; for couples, a shared bill has a split slider right in its row.

The bar at the top is now the share you have actually ticked off, out of everything due this month, including bills brought forward and renewals. In the demo, all 12 bills are ticked: "$7,570 paid of $7,570". Before, a bill counted once its due date passed, so the bar could say you were further along than you were.

Renewals sit in To pay too. Car insurance, rego and other yearly bills due this month appear in their own group near the top, with any rise on last year. Ticking one rolls it to next year and records this year's payment as paid.

An Income card with pay dates

Income now matches the Bills card. Each salary shows a chip for every pay date this month, and fortnightly or weekly pay shows the real amount per pay rather than a monthly average. In a month with an extra pay, the card says so. Tick a pay when it lands, and pays whose date has passed without a tick are flagged.

This also fixed the live balance: salaries entered on the Profile now count from their pay dates. They used to count only at the end of the month.

Reminders: time to compare, then due soon

Every renewal can now carry two reminders. Time to compare comes 2, 4 or 6 weeks before (4 weeks by default for insurance and energy), while there is still time to get other quotes. Due soon comes 3 days, 1 week or 2 weeks before (1 week by default). Both are Pro, by email and, if you have installed Funance on your phone, as a notification.

A fuller monthly summary

The one-minute email on the 1st (Pro, with sync on) now covers three more things:

• Income against plan, worked out from what you saved plus what you recorded spending. It only appears when your recorded spending covers at least 80% of the budgeted dollars, because below that it would mostly be measuring missing entries.
• Rate changes, with a line for each home loan on what a cash rate move would do to its repayment if your lender passes it on in full.
• Subscription changes: anything added, gone, or repriced since last month.

It still never tells you what to do. It describes your own numbers.

Earlier in the month

The first week of November brought the bigger pieces, which our tab-by-tab guide covers in full:

• Bank statement import: drop in your bank's CSV and Funance fills in actual spending by category. It is read in your browser and never uploaded.
• A three-question quick start that shows your take-home pay and housing cost before any long setup.
• Partner logins on Pro: two logins, one household.
• Family Tax Benefit and Child Care Subsidy estimates, on the free plan.
• Install to your phone, with notifications for bills and rate decisions.

Small things you will notice

• Your name, not your email address. Sign-in only ever asked for an emailed code, so partner invites and emails greeted people by the first half of their email address. Funance now asks once what to call you.
• Cloud sync stays in step. An open tab on one device no longer overwrites newer changes from another; if you both edit the same figure, Funance asks which to keep.
• The demo is tidier. Its credit cards, giving and past-year snapshots were showing gaps or $0; they now show the sample household as intended.

What did not change

Funance still does not connect to your bank, still takes no commissions, and still does not give personal financial advice. The free plan still keeps Overview, Budget and Debts for good. Pro is still $9.90 a month or $79 a year, and every account still starts with 14 days of it, no card.

If something in this update reads wrong against your own numbers, reply to any Funance email. It reaches me directly.

Funance provides general information and planning tools only. It does not take into account your objectives, financial situation or needs, and it is not financial product advice. Demo figures are a sample household, not real user data.