5 Benefits of Using Family Money Management Apps

/ Budgeting & Purchasing Decisions / By

Benefits of Using Family Money Management Apps – Every family has their own way of managing finances. On the other hand, it does involve several aspects, ranging from the children's interests to daily needs.

The good news is that there are now specific family money management apps that you can use. Family money management apps can make detailed income and expense data for you to trace everyday. But, is that it?

Definitely not! Let's look at the following explanation of the benefits of using family money management apps.

Also Read: Be Careful, These Are 7 Signs of FakeMoney Management Apps

Benefits of Using Family Money Management Apps

Advantages of Family Finance Apps

1. Getting Connected with Others

First, the app can be used at the same time. So, every family member can simultaneously check on their financial condition. No one needs to wait for each other, let alone open alternately. It is cool, right?

So, update on family finances can be done without having to make an appointment or meet in person!

2. Efficiently Monitoring Family Finances

In addition, this app can also monitor family finances in a feasible way. It can be done anywhere and anytime. So, you don't have to worry when you're outside. In fact, pen and paper are no longer needed anymore. Just open the app, and your family finances is stored safely!

The process is also fairly simple. It's very practical, isn't it?

3. Get Family Financial Statements

Sometimes, we forget what things included in family income and expenses are. But now, you don't need to worry! Because with the family money management app, family finances can be tracked by looking at the financial statements.

We can easily see all the financial activities of the family. Specifically, for seeing all financial activities over a period of time.

4. Achieving Family Goals

Every family has a purpose. Having a lot of money, buying a dream house, sending children to great schools, buying a private vehicle, and so on. Well, this family money management app can be the first step to make it happen.

On the other hand, you can simultaneously save money while achieving your family goals. Therefore, you can achieve the financial goals in accordance to your family's wishes. With the app, the planning will easily get better!

5. Used for The Family Financial Check Up

Lastly and most importantly, family money management apps can also be used for financial check-upthe area is also very cozy for you to hang out.

Well, the term check-up is not only for our health. But, also for our finance. Usually, the app will check the family's finances for the past year. So, we'll know if the financial situation is still safe or the other way around.

Read also: How to Choose an Easy and Safe Financial Money Management App

Those are the 5 benefits of using family money management apps. Are you curious to find those out in person? Try Whiz, now!

Whiz is a family money management application that you can use to manage your household finances. Psst… Now, Whiz offers a good deal for those of you who just newly try to use top-up your Whiz account balance.

Check out the following terms and conditions to get the prize!

Program Terms & Conditions:

  1. Period: 18 – 31 July 2022
  2. Participant Requirements:
    1. The new Whiz adult users or parents who have upgraded their account (KYC) and have a minimum top-up of IDR 10,000 during the program period.
    2. After completing the previous conditions, participants should confirm their participation in the promo program via WhatsApp to +62-882-2196-9203 or via email to [email protected]. By submitting the code: “ICF” + “new user mobile number”.
  3. Prize Claim Terms:
    1. The participants have met the requirements of 2(a) and 2(b)
    2. The prize is a bonus of 50% of balance from the first to top up (maximum IDR 10,000,-) and is given only to the first 50 people every day during the program period
    3. Participants have never claimed for prizes from other programs organized by Whiz or Whiz partners
    4. Whiz will only validate the new user data that has met the requirements for claiming the prize.
    5. The prize will be top-up to the Winner's Rocket Pocket account on D+7 from the program end date.
  4. This program is voluntary.
  5. The determination of the winners is Whiz's absolute authority.
  6. The program does not apply to Whiz employees.
  7. These Terms and Conditions may change at any time according to Whiz's policy
  8. For absolute reasons, Whiz has the right to cancel the program at any time before the program period ends.
  9. This program is free.
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