Effective personal spending management in the digital age

Therefore, since her student days, Ms. Ngoc has maintained the habit of keeping a record after each expense. However, in recent years, instead of keeping a notebook, she has used a digital banking application to manage her personal finances in a more scientific way.

Ms. Ngoc said that all expenses are automatically recorded and account balances are updated on the banking application. In addition, digital banking also helps classify expenses by category, thereby providing an overview of personal expenses. Users can also set financial goals and track budget compliance more easily. When exceeding the spending budget, the application will immediately notify, thereby helping to control personal finances effectively.

Not only Ms. Ngoc, in the era of strong technology development, banking applications have become companions of many young people in financial management. Financial management, controlling "spending orbit" has gradually become the focus of discussion on social networks. As said in the program "The Moneyverse" - a financialeducation playground for students, it is smart financial management, so that "money does not get angry", does not lead to deviation from personal financial orbit and does not collide with risky "planets" such as debt.

Through a survey of digital banking applications at a number of banks, it is shown that financial management solutions are actively deployed. For example, Techcombank has joined hands with Personetics - a world-leading company specializing in providing personalized solutions, helping customers manage their personal finances better, thanks to the support of AI technology.

Or with BIDV Mastercard Moneyverse card, through BIDV SmartBanking application, cardholders will be able to "practice" spending planning, build accumulation habits, save for financial goals as well as find investment opportunities, earn extra income. In the long term, BIDV Mastercard Moneyverse card connects young people with the community and ecosystem The Moneyverse - Universe of money, a playground for students to learn, improve knowledge, practice money mastery skills "Earn - Spend - Accumulate - Invest - Preserve".

In addition to banks, e-wallets are also joining in to help users manage their spending based on new technologies such as AI (artificial intelligence). For example, MoMo recently launched a new brand positioning, transforming from an e-wallet to a “Financial Assistant with AI”.

Not only bringing about changes in the approach to finance through AI, MoMo also introduces a series of new features, making AI a powerful assistant to help users manage their personal finances more effectively. These features not only help users save time, but also optimize all financial activities from spending, saving to investing.

For example, the expense management feature allows users to easily track their current income and expenditure through visual charts. AI will automatically classify transactions on MoMo, helping users take control of their personal spending.

Users can also control their monthly spending by category through the budget setting feature. MoMo will proactively remind users when they are about to exceed their spending budget, so account holders will consider when "overspending".

With the AI ​​invoice entry feature, users only need to take a photo of the invoice, AI will automatically recognize the invoice type and add it to the payment list in just a few seconds, saving time and eliminating a series of manual operations.

In addition to managing personal expenses, PVcomBank has recently deployed the "Group Fund" feature on the PVConnect application to help users easily track and manage common expenses in a transparent and effective manner. Accordingly, through a single joint account opened online by the group leader, members participating in the fund can easily track transaction history and receive notifications about each transaction of the fund, and quickly check balance fluctuations. The fund's revenue and expenditure are therefore more transparent and objective. "This is also a step forward in PVcomBank's orientation of providing comprehensive financial solutions to customers," said a bank representative.

According to experts, there are currently many tools to help users manage their finances effectively. However, it is important to put safety and security first so that customers can feel secure when using them.

Source: https://thoibaonganhang.vn/quan-ly-chi-tieu-ca-nhan-hieu-qua-thoi-dai-so-163150.html