How to Manage Your Money Life through Financial Apps in 2024?

Are you living in an area like Malaysia, and you always wonder why you are always short of money? If it is getting difficult for you to make both ends meet, and you are continuously struggling with the expenses. No worries, you just need to manage the finances.

You thought that your mobile wallet or banking app had all your spending records. You will cut some of them from life and that is it. No, you have to focus on every penny. And how can you do so? So simple. By using financial apps, yes, these apps are like miracles in your broke life. Now in 2024, you can easily put a full stop to overspending. 

What are financial apps? 

Feel bored making a list or writing details of your spending? There is amazing news for you that an app will do it for you. Yes, this era of technology is like a luxury that has provided you with unbelievable facilities. A financial app remembers everything, from tracking monthly expenses to saving money, sending/receiving money to budget management, and expenses to investment. 

In Malaysia, the ratio of using these apps has also increased in the last 2,3 years. Now in 2024, you can get a customized budget from these apps. Set your goals on the app and save money for trips, emergency funds, or education. 

Benefits of financial apps

Want to make your 2024 better in terms of expenses and savings? Then only a financial app can let you achieve your dreams. Being a Malaysian citizen, only financial apps proved to be your well-wisher. Not only they are easy to use but also bring ease into your life. Just set your financial goals and wait how it works. 

• Financial app manages and controls your every spending. So it restricts you from overspending money. You can view your spending Wherever in the world you are. So spend wisely and stick to your main budget. 
• Through using a financial app you can pay utility bills on time. You can set a reminder in the app, and it reminds you every month on exactly that date. 
• Living in Malaysia is expensive. But these apps let you save money by keeping track of when you spend and how much you spend. So you can make a check and balance and avoid that spending next month. 
• Financial apps have many features. You can also control and manage your financial and banking activities through them. 
• You can also create a group and add your family members. So that you all agree on saving options and budget planning. 
• Keeping a large sum of money at home is not safe these days. So when you have secure online options, why don’t avail of them? Digitally store your money in the financial apps and use them whenever you want.  
• Financial apps save your time and effort too. You don’t need to visit the bank to send/receive money or view your account balance. Just open your app and manage your finances without any fear. 

How Channels/programs can help me in my financial life?

YouTube is a globally recognized app that people use for entertainment and educational purposes. Other than movies, and blogs many videos make you learn new skills. You can also find hundreds of videos related to financial education. Which describes budgeting, financing, and investing in a very interesting and easy way. 

• As these channels and programs are created by financial experts. So they will give updates on monetary policies regularly. Like what are recent open market operations in Malaysia and their influences? They analyze loans and investments etc. 
• Financial channels help you learn about tax, stock exchange, real estate, and personal financing. They will discuss the dollar rate and the impact of the dollar on the Malaysian economy. So you can get an idea of when to invest and what not.
• These programs let you know about changes happening in global policies and rates. Like petrol rates, gold prices, and diesel, etc. So you have an idea and plan your investment likewise. 

 Importance of learning from different channels and programs

These videos are made by financial experts. So we can they that most of the Information provided on financial channels and programs is authentic. But everyone has a different point of view and life situation. So it may not be possible that every channel will say the same thing. They may conflict in some topics. So choose the one that relates to your financial situation. 

What you have to do is, do your research. You may think that topics related to financing are boring. And you avoid watching these videos. But many programs are so engaging and interesting. They tell their own success stories and experiences. So a layman can easily understand all the terms and terminologies. 

Financing, budgeting, and investment are not a dry subject now. Because these programs give you advice according to your level. They describe the complex concept in a very light mood. So learning from different channels will let you know about most of the financing options and methods, they cover. 

Top channels and programs on the Financial market 

This era of technology has made everyone’s life very easy. Now you don’t need to go anywhere, just grab your mobile and learn whatever you want. Similarly, the channels and programs about financial education are also worth watching. They let you learn about many financial concepts simply. Some top-notch channels are:

Debt-free Millennials

If you are a student at any Malaysian University, and your financial life is stuck because of debt. No issue, now you can easily get rid of debt and achieve your dreams. Because the channel Debt Free Millennials lets you live a lifestyle you love. This channel contains advice and tips to make wealth. How to struggle with inflation? 

Financials

Want to start saving money for the future but don’t know where to begin? No worries, TruFinancials is a channel for beginners that provides tips regarding budgeting, saving money, and how to manage finances. Other than this, it contains reviews on financial apps, banking apps, credit cards, and cryptocurrency.  

Graham Stephan

Interested in real estate or want to know details about cryptocurrency? Then this channel can help to get success in the real estate industry. Stephan shared his own experience regarding success and failure in real estate investment. You can get knowledge of real estate, income strategies, and retirement planning too. 

Final words

Whether you are a high schooler or an adult, you should have basic knowledge about financial education.  Because without it you will not be able to survive in this era of inflation. You have to manage your finances either by watching videos or channels or by using financial apps. If you want to make your 2024 better and want to achieve your goals. Then you have to learn the basic financial skills.