Blue’s financial management feature is located in the “home” section of the application and gives users of this application three practical possibilities for managing expenses and incomes:
- Expense budgeting: Users of this service can better manage their expenses by setting a monthly budget.
- Budget management: With this service, users can determine their desired budget and, if necessary, they can edit and change the amount of this budget.
- Smart function: With the help of notifications that the application makes intelligently, users have the possibility to know the status of the monthly budget they have set.
The “financial management” section of the Blue application allows the customers of this neobank to see the money they have earned and the money they have spent in two sections, “Income” and “Expense”, both in the form of a chart and separately in different categories. See how much money they have spent on it.
These income and expenses are displayed to users by month so that they can see their financial records and compare these numbers if needed. In the income section, Blue users have the possibility to see both their monthly income and their own income.
An important feature of Blue’s financial management feature is that it also shows the type of customers’ expenses. That is, it shows the user how much he spent in a month for daily purchases or for going to cafes and restaurants, or how much of his budget was allocated to online payment for transportation. Knowing these things can help people to know the details of their expenses and control and manage their excessive expenses.
Perhaps the most attractive feature of the financial management section of the Bluebank application is the possibility of budgeting. This budgeting is completely personalized and according to the cost that the user considers for each month. The user can consider a general budget for a month and check it during the month and see how he spent that budget and how much is left so that he can plan for the remaining days of the month and finally spend from his budget. Do not exceed.
To be able to use the budgeting service, you must click on the “budgeting” section in the financial management section to activate it. Next, you need to enter the budget amount you want for one month and click on “Confirm and save” so that from then on, the budget for your monthly expenses will be determined and financial management will be done in a more accurate way.
In order for the financial management of its users to be smarter, Blue informs the user according to the budget set by the user. For example, it notifies the user when he spends half of the monthly budget that he set or when the budget is about to end, so that he can manage his expenses and respect the budget limit. In this way, during a month, the user can keep track of his expenses with the budgeting he did in Blue, and spend to meet his needs without worrying about running out of money.
Also keep in mind that in the Blue financial management service, transactions made in Bluebox without categories are not calculated.
