Features and functionalities to help you manage your money better

Features and functionalities to help you manage your money better include a budgeting section that allows you to plan expenditures on a monthly basis. This also helps you track expenses and identify areas for improvement.

These apps can automatically pay bills and send reminders, allowing you to avoid late fees and maintain a good credit score. They can also help you track and achieve savings goals, such as saving for a new home or retirement.


It’s important to track your spending habits on a weekly basis. This can be done by using a budgeting app, writing it down on paper or even just keeping a tab in your bank account. By doing this, you can see where you are overspending and cut back on unnecessary expenses.

Financial budgeting is the process of planning out specific sales and expense levels for the future. It is often based on company data and historical trends to create the best possible forecast. This helps management identify the most effective ways to allocate resources and achieve business goals.

Time-consuming spreadsheets can be replaced with an FP&A platform that streamlines data collection and provides easy-to-use finance automation tools. It is also a great way to ensure visibility and collaboration between cross-functional teams. For example, a tool such as Scoro offers a single source for all budgeting and cash flow data. This makes it easy for users to view and export their data in any format.

As the default software for virtually every financial institution over the past two decades, Excel is popular for this purpose. It allows users to sort, filter and pivot data intuitively, making it ideal for budgeting.

Many budgeting software options are designed to allow users to input data in any number of formats, including Excel, and to view and export the results in whatever format is most suitable for the user and their team.


While investing is a great way to improve your finances, it’s important to choose the right investments. A good investment app will help you monitor your portfolio and make trades based on your financial goals. It should also keep you updated on the latest news in the investment world.

Another important feature is liquidity, which refers to the ease with which an investor can sell off part of his/her investment. Liquidity is usually ensured by keeping a proportion of readily saleable assets in the portfolio.

Other features that investment apps may offer include a questionnaire to help users pick the best investing approach for them and a news section to keep them up-to-date on market news. It’s also a good idea to equip your personal dashboard with a news feed to alert you to any significant changes in the financial markets.

Investing apps can also have other useful features like investment calculators and tools to help you make trades. These can be very useful for new investors who don’t have experience with trading.


Good money management involves examining your budget, tracking expenses, paying down debt, and saving for future goals. Saving is the cornerstone of personal financial planning, because it allows you to build your assets and make your money work harder for you. It’s also a way to maintain positive relationships with your landlord, suppliers and anyone else you pay for goods and services. There are a number of savings options available, including retirement accounts such as an individual retirement account (IRA), or a simplified employee pension plan. You can also create multiple savings accounts aligned with specific financial goals, such as a vacation fund or emergency fund. These accounts can be marked to identify their purpose, so you’re less likely to spend the funds before they’ve been saved for the intended goal. Some banks even have a feature that lets you hide the amount of the account until you’ve met your savings goal.