Staying on track with your monthly spending budget can be a challenge, but with the help of Yondr, it's easier than ever. Use Yondr to see exactly where your money is going with spend analytics, turn on real-time transaction notifications, and set spending limits all within the app.
See what you're spending on with spend analytics
Keeping track of your spending is an important step in gaining control of your finances and achieving your financial goals. By understanding where your money is going, you can identify areas where you may be overspending, and make adjustments to your budget accordingly.
Yondr's spend analytics feature gives you a clear overview of your spending habits, so you can see where you're overspending and where you can cut back. This can help you identify areas where you can make changes to your budget to help you stay on track.
Here's how:
- Tap on 'All spend highlights' on the home screen
- From there you can select to view your spending habits from the last 30/60/90/120 days.
Real-time spend notifications
Real-time spend notifications can be a powerful tool in helping you manage your monthly spending budget. You'll be notified every time you make a purchase, so you can keep an eye on your spending to avoid impulse buying and overspending.
These notifications also help you to keep a close eye on your account activity. With real-time notifications, you can quickly detect any unusual transactions or patterns of spending that may indicate fraudulent activity.
Set spending limits
Setting spending limits can be an effective way to help you stay on budget. Set limits for different categories of expenses to ensure that you do not overspend in any one area.
Using Yondr, you can create different virtual cards for different spending categories such as subscriptions or dining out. Once you have created your virtual cards, you can set the amount that you are comfortable spending in each category, and the app will track your spending and send you notifications when you are getting close to your limit. This way you can ensure that you don't overspend on any category and stay within your overall budget.
Here's how:
- Tap on 'cards' on the home screen
- Select the card you want to set the spending limit on and tap on 'Card Limits'
- Here you can set daily monthly or per transaction spending limits - tap on the timeframe you would like to set a spending limit for
- Type in your spending limit and tap on 'update limit'
- That's it you're done!
One of the most effective ways to manage your budget and stay on track with your financial goals is by using an app like Yondr.
Yondr app allows you to set spending limits for different categories of expenses, such as dining out or shopping, and it also helps you to track your expenses. This way you can ensure that you don't overspend on any category and stay within your overall budget. Additionally, you can use the insights from Yondr's analytics feature to identify areas of your budget where you can cut back, giving you more flexibility and resources to put towards your goals.
With the right tools and a bit of discipline, sticking to a budget can be easy and you can achieve your financial goals in no time.
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Things you should know
This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.