Managing finances well is not a skill everyone has in abundance. It is a well known fact that people make budgets but often have a hard time sticking to them. Everyone has a mix of known and unknown expenses.The known ones are easy to track but the unknown ones are not.This means good budgets are drawn with no momentum to run them. One business firm trying to resolve this scenario is Moneysmart.
Moneysmart aims to provide a platform where people can manage all their financial matters in one place, from banking and expenses to insurance and investments. By using this service, you will have a chance to manage your money and have access to financial products that suit your profile.
Users can link their bank accounts to their Moneysmart profile and categorise the transactions.This is intended to take the effort out of categorising transactions and present users with meaningful data about spending. Users can also track their spending over time because they are not only shown the balance but real balance after spending and what has been allocated towards saving or investment goals.
This platform is free to end users and includes a community area on the site populated with financial and lifestyle topics.There is also a marketplace where users can look for financial products that meet their profiles. Users can ask service providers questions and engage with them directly.
With Moneysmart, financial management is now a stress free process.