It’s hard to believe that 2022 is about to end in just a few days and 2023 will be here soon. Seriously, where does the time go? And boy, was it one beautiful crazy year when it comes to technology and, well, social media. And we know the internet loves year-end recaps!
It’s a good time to reflect as we look forward to new goals and resolutions. In short, there are many ways to view your activity from the past year. You can create your own Instafest Spotify with your most listened to artists of the year, see how you spent your time on Reddit, what games you played on your Nintendo Switch, or even make an Instagram Recap Reel. many options
But if you have an Apple Card and use it for mostly everything (like me), you might not like this particular summary; your Apple Card will show you exactly where all your money went! wow
Using Apple Card as my primary form of payment
Since Apple Card came out in 2019, I use it as my main form of payment whenever I can. I used to use my debit card because I didn’t like the idea of having a lot of credit card debt, but since the Apple Card rewards you with Daily Cash, I thought why not? Getting some cash back, no matter how small, for the money I’m spending anyway, and having it available right away instead of having to wait until the statement closes, is a win for me.
When I first opened my Apple Card account, I had a fairly modest line of credit of about $7,500. Since then, it has increased several times and is now my largest line of credit available. I use it whenever I can, unless I have another card that is more suitable for purchases (eg gas or restaurants with my Costco Citi card), and I pay it off every month.
Aside from the convenience of Daily Cash’s instant rewards, another reason I love my Apple Card is because of the interface with the Wallet app on my iPhone 14 Pro with iOS 16. It looks so much better than typical banking apps and the merchant names are simple . , with logos or icons that facilitate their identification. You can also see how much cash back you’ve earned on a purchase, your current balance, and how much credit is still available.
But Apple Card lets you do more than that. By tapping on the “Weekly Activity” tile, you can change it to the month or even the year. And seeing my annual Apple Card summary is what I’d rather not see.
By default, whenever you view your weekly, monthly, or yearly history for Apple Card, it shows the categories. But you can change this to traders, and my summary gave me an unexpected surprise.
But where did all my money go?!?
Apparently I spent over $5,000 this year at Disneyland, which is my number one retailer. That includes two Magic Key passes for my husband and I, paid in full, plus various event tickets, dining packages, and guided park tours. This does not include all the merchandise I bought online and at the various stores in the park, which would be under their own merchant name.
My second retailer is HelloFresh with over $3,000 spent in 2022. Hey, I like the convenience of choosing meals to cook instead of planning them myself, is that a crime? I hate having to go to the store to buy ingredients for cooking, mostly because I end up forgetting or just don’t feel like it, and the food just goes bad, becoming a waste of money. At least with HelloFresh, all those meals were cooked without waste.
My third dealer was apparently the hospital, because giving birth is expensive, even with health insurance. My fourth retailer is the Apple Store because I had to have a 1TB iPhone 14 Pro, which makes up 99% of that amount spent. And finally, my fifth marketer is Apple services and in-app purchases.
How to view your own Apple Card Merchant Annual Summary
If you also use Apple Card and want to know exactly where your money went this year, here’s how to find out:
- Throw the wallet app on your iPhone.
- Select yours Apple card.
- Select the Weekly/monthly/yearly activity tile. It appears below the Card balance tile.
- Make sure the tab is enabled Year.
- Select Show merchants to switch from the Category view.
- Let your jaw drop from the shock if you have to.
A summary that may make you re-evaluate your options
While many other summaries are just for fun, seeing where all your money went in the last year can have a more real impact on your life. If you spent a lot but can afford it, then more power to you. But if your spending is a little out of control and you’re having trouble keeping up with your bills without accruing interest, it might be time to rethink and see if you can cut back on your spending. I mean, nobody likes being in debt.
I’m a little surprised at myself for how much I spent in one place this year. But hey, I’m keeping the lights on, right? Still, I think I should tone it down a bit…