Life is full of activities and in your busy life, you may forget about money matters. It's the end of the month and you just remember that you haven’t paid your bills. Savings is not growing because you don't remember to setting aside money at all.
If there are no consequences, that's okay. But the consequences may vary, depending on what you forget to do. Jago is here to help take care of your financial matters.
How Jago Features Take Care of Your Money Matters
1. The Auto-Budgeting feature to save money and allocate budget automatically
Savings can be a lifesaver in many ways. In an emergency, emergency savings can be used immediately. Retirement savings ensure you live your retirement comfortably. You are also far from stress and can have peace of mind.
Therefore, to keep your savings growing, one thing you can do if you want to be free from the hassle is to automate your savings. Date and amount? You set both yourself. Jagomin's suggestion is that you set an automatic transfer to your savings on your payday to avoid money being used for other purposes.
How to automate savings? If you already have a Saving Pocket with Jago, you can activate the Auto-Budgeting feature. It is also recommended to set a saving target. Why setting a saving target? So you can monitor the progress of your saving.
In addition to saving automatically, you can also find the feature helpful when it comes to budget allocation.
2. The Plan Ahead feature to schedule bill payments
There may be more than one bill that you need to pay. Even if you remember to make a payment every month, there may be bills that you forget to pay as there are so many. Not to mention bills that you need to pay not monthly but yearly, for example.
So that you never forget to pay bills in the future, you can schedule bill payments. Before scheduling, it's a good idea to make a list of bills and find out the due date of each bill.
After that, you can use the Plan Ahead feature in the Jago application to schedule all your recurring transactions. Once scheduled, Jago will make sure every bill is paid on time. You don't need to do anything else, unless you choose the semi-automatic option that requires manual confirmation.
3. The Jago Pocket feature to manage needs and review budget easily
Budgeting is, for sure, important. But, budgeting only is not enough, Jagoans. You also need to review the budget regularly.
If you get a raise, your budget will need to be adjusted. For example, the budget portion for savings can be bigger. If you add one more bill to your payment list, then you need to adjust the budget, for example by reducing expenses in areas that are deemed possible.
Budgeting with the Jago Pocket makes it easier for you when you have to do a budget review. You don't need to do manual recording and can monitor everything in one application. At the same time, you can have multiple bank accounts that are free of admin fees. This is because each Jago Pocket has its own Pocket number (account number).
4. The Spend Analysis feature to track spending
It is equally important to track your spending. Tracking spending is necessary to ensure that you stick to the budget. In addition, by tracking your spending, you will know in detail how you are spending your money.
Tracking spending in Jago is really easy. Click a Pocket and you will immediately see its transaction history. If needed, you can also download the e-Statement and save it on your phone.
Regarding tracking your spending, there is one more feature that you would want to use. This feature is Spend Analysis. Through the Spend Analysis, you can see expenses in percentage. For example, of the total expenses this month, 30% is for shopping. Is 30% huge spending or not? You decide.
In addition, the Spend Analysis can also be used to compare expenses for the current month and last month. In this way, you don't have to do the calculations manually.
Together with Jago, you ensure your money matters are in good hands.
