Data scientists Majd Maksad and Korash Hernandez know the answers. After working at companies like Discover Card, Citigroup, and Goldman Sachs, they launched Status Money (statusmoney.com) - the first personal finance management company that lets you anonymously compare your finances to millions of other people.

“There is a lack of transparency in the world of personal finance,” says Founder and CEO Majd Maksad, “and it results in people not knowing if they’re paying high interest rates or budgeting effectively.” There has been no way for people to know how their finances compare with people that have similar demographics like age, location, income, and credit score. “We’re here to democratize the flow of information, so that people can find ways to save money,” says Maksad.

That’s where data science comes in. Create your account and Status will automatically compare your finances with millions of people across the country. You’ll see your interest rates and the range of interest rates that similar people are paying. You’ll also find out how your spending, income, and net worth compare to those of people like you so you can easily manage your budget.