What Is Sav MyMoney and How Can It Help You?
- Sagar Jaiswal
- July 11, 2023
- 3:40 am
Do you wonder where your money went by the end of the month? Whether it is an impulsive online purchase or a sudden bill sneaking up on you, managing finances can be a complex puzzle with too many pieces. However, managing your expenses is a skill-turned-need today, and if you are not keeping up with your spending, you’re impeding your financial growth.
In UAE’s 2024 Financial Literacy Survey by Visa, 44% of respondents believed they wanted to learn more about budgeting and financial planning. The best way to learn and plan personal finances is by having a clear view of your income and expenses, analyzed and categorized.
Enter Sav MyMoney—the ultimate tool designed to help you take control of your financial life.
What is Sav MyMoney?
Sav MyMoney is our latest offering, packed with features to help you master your money. We’re excited to introduce you to its first feature – smart expense tracker. It’s your personal guide to seeing exactly where your money goes, helping you turn financial confusion into confidence.
By connecting all your bank accounts to the Sav card, the app consolidates your financial data, categorizes your expenses, and delivers stunning, actionable insights.
But why is this important? In the journey towards financial stability, understanding where your money goes is the first step to achieving your financial goals. Sav MyMoney does more than just track your monthly spending; it helps you see the bigger picture, offering a clear view of your financial landscape.
One-Stop Expense Sheet for All Your Accounts
Sav MyMoney automatically tracks transactions across all connected accounts, categorizing them into predefined expense categories. In simple terms, connect all your bank accounts and let the app do the rest!
Want to know how much you spent on coffee this month? Curious if your bank charged you an annual credit card fee? Once your transactions are categorized, Sav MyMoney provides detailed categorization of spendings in visually appealing patterns, making it easy for you to understand your spending patterns at a glance.
Features: Take Control of Your Expenses
Sav MyMoney is packed with features designed to help you optimize your spending behavior:
- Unlimited bank accounts
You can connect unlimited bank accounts, all in one place. This eliminates the hassle of switching between different banking apps to track your finances and maintaining a manual expense sheet. Save time, money, and effort in one go! - Comprehensive categorization
With over 15 expense categories, every transaction is accurately categorized, giving you a clear understanding of where your money is going. Understand which category weighs in the most on your expenses and get insights about where you could save more. - Transaction history
Access up to 180 days of transaction history with this expense tracker, allowing you to review past spends and identify trends over time. Hence, you don’t have to go back to your banking apps and passbooks, now and then, to check your balance and history. - Goal setting
Stability in personal finance begins with goal setting. The app allows you to set goals and track your progress towards achieving them. Whether you’re saving for your next vacation or paying off a debt, Sav helps you stay on track. - Complete data security
Sav MyMoney takes your privacy seriously. We don’t want to know how you used your money; we want you to know it. All your financial data is securely encrypted and used solely for the purposes you’ve consented to. You can revoke your consent anytime, giving you complete control over your data.
Start Saving Smart with Sav MyMoney
In times when data is available at your fingertips, leveraging it to track personal spending is the smartest move you can make. Sav MyMoney presents your data over a user-friendly interface in a simplified way, making it easy for you to:
- Compare expenses month-to-month or week-to-week.
- Track your subscription and get visibility into your auto-debits.
- Manage your money without paying a penny. Sav MyMoney is completely free.
The app is available on iPhone and Android platforms, ensuring you can track your finances on the go. Plus, with regular updates and new features in the pipeline, Sav MyMoney continues to evolve, offering even more value to its users.
So, download the expense tracker app, connect your bank account and know where your money is going!
FAQs
Sav is a money-management app, allowing you to stick to your money goals, plan for the future, and spend confidently in the present.
Your Sav card helps you meet your goals – just connect your bank account, top up your Sav card, choose goals you would like to set aside money for, and apply rules that automatically allocate funds toward your goals. The money set aside for your goals is safe. It is always available on your prepaid card and held with our partner financial institutions licensed by the CB UAE.
You can use your Sav card to get additional rewards and cashbacks while spending. Check out our offer page to find the latest deals and promotions.