Powered by MOMENTUM MEDIA
subscribe to our newsletter
AMP launches in-app budgeting tool

AMP launches in-app budgeting tool

The financial services company has introduced its budgeting tool into its customer-facing app in a bid to provide users with a “clearer view of their spending and saving habits”.

AMP’s Money Manager functionality enables users to view and connect all their financial accounts, including those from other financial institutions, in one place. 

The tool has now been included into the My AMP app to enable customers using both iOS and Android devices to manage their cash flow on the move.

Advertisement
Advertisement

Users can also apply “micro budgets” and categories to their transactions — such as “income”, “hobbies”, “shopping” and “kids” — to assess the impact that certain spending habits have on the their cash flow.  

The new function also contains graphs and visual cues to highlight if a user has exceeded their set monthly budget. 

The in-app version of Money Manager is linked to the more comprehensive online version, which enables customers to create and track a detailed budget for a 12-month period. 

The app focuses on current spending patterns. 

Commenting on the launch of the in-app tool, AMP’s director of digital and design, Michael Weeding, said: “Helping people explore, plan and track their goals is an important part of life we want to support our customers through with easy access to the tools they need, when they want them.

“AMP’s Money Manager offers an easy and intuitive way for customers to take a bird’s-eye view of spending habits and how they might be affecting their ability to achieve their goals.”

[Related: New budgeting tool aims to ‘revolutionise’ personal finance]

AMP launches in-app budgeting tool
mortgagebusiness

 

Latest News

ASIC has approved the brand change of a Western Australian-based lender, which according to the bank will help facilitate the national launc...

The government has launched a consultation on making industry codes, such as the ABA’s banking code, legally enforceable. ...

Home loan interest rates can rise 43 to 52 basis points on average once fixed rate terms end, unless borrowers proactively negotiate, a new ...

FROM THE WEB
podcast

LATEST PODCAST: Coalition government and CBA delays

Is enough being done to ensure responsible lending?