Are you one of those people who have no idea where your salary went at the end of the month? Or do you have a problem remembering the due dates of so many bills? Are you worried if you are making the right investments? Or do you simply want to keep track of all your money?
If your answer is yes to any of the above, Aditya Birla Money MyUniverse has got the right solution for you: MyUniverse Mobile App (Free on Android & iOS). The App is a mobile version of their award winning unique online personal finance website www.myuniverse.co.in.
It aggregates all your many online financial accounts: banks, credit cards, mutual fund and stock trading accounts into one place, and makes them available to your right on your mobile. It collects all your transactions from across all your accounts every night and keeps all your balances and transactions live and available, right on your mobile phone! Now, you don’t need to login to multiple apps and websites to check the balances of your account or to check if any transaction has cleared.
Managing expenses is a breeze with MyUniverse. Instead of entering expenses manually, all your expenses from your credit, debit cards and your bank account are automatically fetched and even categorized! The system learns from you and other users and ensures that most of the transactions are categorized into pre defined categories such as fuel, restaurant / dining or travel. You can correct the categorization if required, and the system learns. At any point of time you can see a clean pie chart showing you expenses across each of the category.
For keeping a track of cash expenses, it allows you to enter each of your spends on the move and keep a track of your ATM withdrawals. It even allows you to store the location of the expense, so that you can remember the chain of expenses, in case you forget. And the next time you are in a flight, whip out the MyUniverse app to record all the expenses of the day, even in the offline mode!
The MyUniverse app also keeps a look out on your expenses and notifies you when you cross your preset budgets, to ensure that you can spend more on stuff that you like, instead of on stuff that you shouldn’t have to.
If you have invested in mutual funds and equities, you know it is important to track the performance of your portfolio, be aware of the market and get good advice. The MyUniverse app does all that and more. The watchlist feature in the app lets you setup and monitor favorite stocks and mutual funds. You can track your mutual funds and stock investments with annualized returns, dividends earned, performance charts, latest news and more all in one place.
It keeps a track of all your bills including your insurance payments, and ensures that you never get slapped late charges again through the Auto Pay feature.
You can add up to 2 billers and 2 sites and use all the features of the website and the app for free. To access advanced investment reports and to add as many sites and billers as you want, subscription starts at a reasonable Rs. 599 (excluding taxes) per annum.
You can use the app as your stand alone money management solution, but we would recommend that you check out their portal www.myuniverse.co.in too. Apart from the plethora of advanced features over the app, it has a simple, intuitive transaction platform, which allows you to buy / sell mutual funds, stocks, bonds and fixed deposits all in one place. We are told that they are also going to start offering life insurance, health insurance and personal loans on the transaction platform pretty soon.
So, go ahead and get your money under your control.