Video: 5 Ways Personal Finance Will Change Your Life

Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.

Lexi Walton, Business Development Manager at True Potential, presents an explanation of the key benefits when you start using Personal Finance in the True Potential Investor app. Download the app from the App Store now.

When you download the True Potential Investor app, you are also gaining access to our Personal Finance Manager.

This exciting new feature provides you with the ability to link bank accounts, savings accounts, and credit cards from different providers, allowing you to view all transactions in a single convenient place.

You can rename and categorise transactions to give greater clarity of your spending habits, giving you an empowering total picture of your financial well-being.

Here are 5 ways our latest innovation will change your life…

1. Everything in one place

Have you ever lost perspective on your overall finances due to so many outgoings across multiple accounts? With Personal Finance, your accounts are all in the same place. We pick up all of the transaction data from all of your accounts and put them into a format that is easy to understand.

With all-in-one consolidation, you can see the total picture of your spending, helping you to make better informed decisions.

2. Automatically record your purchases

Our Personal Finance system automatically categorises your spending, helping you to see exactly where your money is going. This useful feature could help you to identify areas where you could save money.

This automatic spending tracking does the work for you, you don’t have to waste time manually entering your transactions.

3. Peace of mind

We know the importance of your privacy and security. That’s why we have utilised the very latest in encryption and security technology. None of your login credentials are accessed or stored by us, and your transactional data is accessed securely via Yodlee. You are fully encrypted and secured, giving you peace of mind when looking across all of your financial accounts.

4. Satisfaction of achieving your goals

We believe in setting goals as they help you to focus. With our technology, you can track your goals to make sure you are on target. Personal Finance makes realising your goals even easier, as it gives you the opportunity to track where your money is going. This helps to inform your decisions on how and where to spend your money. You set your own budgets, giving yourself control over what you want to spend your money on.

5. More time to enjoy life

Think of the True Potential Investor Personal Finance tool as an enabler. You have more time to enjoy life, as our app is busy working out your budgeting and spending strategy.

You may also realise you have more money to enjoy life, as we could highlight to you the unnecessary spending. This in turn could be turned into savings. Think of it like this, if you realise that you are spending £5 a day on lunch, when you could get away with spending £3 a day, that could potentially be hundreds of extra pounds a year saved.

With True Potential Investor Personal Finance, you are maximising your time and money for a happier lifestyle.

Download the True Potential Investor app now to get access to the Personal Finance  

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Personal Finance