December 3, 2021

MoneyTracker from Nedbank makes managing and saving money easy for individuals and businesses

Most South Africans are conscious of the significance and worth of saving as a cornerstone of long-term private, household and enterprise monetary safety.

Sadly, the lingering monetary challenges introduced on by Covid-19 and the repeated nationwide lockdown responses have left nearly all of households and businesses discovering it difficult simply to steadiness the books each month, which signifies that for many saving feels a little bit out of attain proper now.

Lance Vuma, Head of Section Design and Growth for Skilled Banking and Small Enterprise Companies at Nedbank, says that the financial institution has developed a money administration software to assist its purchasers navigate their funds.

It’s known as MoneyTracker, and it’s a free on-line software designed to equip individuals, households and businesses to watch their money flows, hold monitor of their revenue and spending patterns, and make their money work tougher for them.

‘Nedbank’s many many years of serving to our purchasers to optimise their funds have given us many worthwhile insights into the large distinction that good money administration could make within the monetary place of our purchasers,’ says Vuma.

‘With MoneyTracker, we’ve taken all these insights and distilled them into an intuitive, easy-to-use digital money monitoring software, that helps you get extra out of your money.’

MoneyTracker is accessible to Nedbank purchasers for gratis, and as a result of it’s absolutely built-in with the Nedbank Money app and Nedbank On-line Banking, it makes holding monitor of your private or enterprise monetary transactions fast and easy, and allows efficient budgeting, which consultants agree is the inspiration of fine money administration.

MoneyTracker allows you to configure as much as eight completely different on-line dashboards, so you should use the progressive software to maintain monitor of your private, family, enterprise or side-hustle funds simply, multi functional handy digital location.

As soon as a dashboard is configured, you merely point out which accounts you wish to monitor.

Then you possibly can categorise the varied money inflows and outflows, so as to monitor precisely the place your money goes, and get insights into the place you could possibly reduce bills to liberate money for different functions – like saving.

There’s even a function that may categorise your revenue and bills for you routinely.

‘Once your money-in and money-out transactions are categorised this way, the real magic of MoneyTracker is revealed,’ Vuma says.

‘The tool then creates a dynamic income statement view for each of your dashboards, putting detailed financial information about your household or business at your fingertips, and making it easier than ever to set up workable budgets for each expense category, allowing you to manage your money over time carefully.’

Enterprise homeowners who use MoneyTracker even have the choice of making and managing invoices on the digital platform, making efficient cashflow monitoring and administration simpler and extra correct than ever.

‘MoneyTracker is the practical delivery of Nedbank’s promise to assist its purchasers see money otherwise,’ explains Vuma.

‘In the case of this valuable tool, our personal and business banking clients have the opportunity to see their money more clearly – which makes all the difference when it comes to making the most of their finances.’

Nedbank purchasers can entry MoneyTracker underneath the ‘More’ button on the backside of the Nedbank Money app dwelling display screen, or by clicking on the MoneyTracker hyperlink as soon as logged in to Nedbank On-line Banking.

Click on right here to study extra about Nedbank’s MoneyTracker App

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