What's Draining Your Finances?
It is without doubt the rising cost of electricity bills, skyrocketing fuel prices, and the general inflation squeeze that have made financial planning more challenging than ever. But before panicking, take a breath and count to three– smart planning can help you navigate the stormy weather.
Your Financial Survival Kit
1. Know Where You Stand
The first step to financial clarity is to review your past spending (like your Q1 expenses), it helps you understand your financial patterns. Check your Account Summary to see exactly where your money went last quarter or even longer. Those month-by-month breakdowns aren't just numbers – they're the blueprint to find your financial rhythm.
2. Track Every Spend Effortlessly
Tracking your spending goes beyond transfers and utility bill payments, you also have to track the cash you withdraw as well as purchases you make online or via POS Machines. Make sure you own a gomoney physical debit card to enable you to track all your expenses when you pay or withdraw money 😉! Beyond the convenience of ATM/POS transactions and online payments, this card automatically categorizes your spending across 20 different categories, giving you updated visibility into where every penny goes.
3. Stay Ahead of Bills
Surprise expenses can wreck even the best financial plans. Use the "Schedule Bills" feature to automate payments and avoid those dreaded late fees that somehow feel like debts. With cooler rainy nights ahead, you might naturally cut down on AC usage or the DisCos might ration light more often 😉, Anyway, your electricity bills drop! But remember, with the rainy season, you might need to do some unpredicted fixes in your home, so plan for that in your budget, it's not your village people.
4. Simplify Recurring Payments
Save your bill payment details once and forget the hassle of re-entering information every time. One-click payments mean one less thing to worry about.
5. Make Stashing your Friend 🤑
The goStash feature turns big dreams into achievable goals. Whether you're saving for a new gadget, planning a property investment, or just building an emergency fund, creating a dedicated stash makes progress visible and satisfying. Start with a "Rainy Days" stash – your future self will thank you!
What's your biggest financial goal for Q2? Write this down in an important place, and you will achieve it in no time! The best financial strategies combine proactive planning with the right tools. With features designed to simplify money management on gomoney, you'll not only survive this rainy season – you'll thrive through it.
Need support? Our team is just a click away – For in-app support, tap "Settings" then "Help & Support" . For email send your enquiry to [email protected].
Want to give gomoney a try? Do so by downloading the app on the Google playstore or Appstore.
