Angela is a busy, 60 year old events organiser from London just loves the Fintech revolution.
Her time is precious and information is power. Learn how she uses Moneyhub to monitor her money to free up time for what she does best.
““It’s all regulated and it’s clearly the future of banking. It’s nonsense not to embrace it””
A60 year-old event organiser wastes no time in sharing how she feels about Moneyhub, “Moneyhub is one of my totally favorite apps, it’s exactly what I needed. I have been on it for a couple of years now and I absolutely love it”, we are off to a great start.
“I’ve always managed finances pretty well, I’ve never had an issue spending more than I earn. I don’t do a lot of borrowing. I always wanted to have control over it.” It is this approach to money management that led her to Moneyhub. Specifically, it is being able to see everything in one place that she values the most, “It’s very frustrating to have lots of bits and pieces everywhere, and the time and effort it takes to monitor them all individually… Moneyhub helps keep track. This whole revolution in fintech is fantastic”.
This Moneyhubber has no reservations when it comes to the security of financial data and open banking, in fact, she explains how fintech has been responsible for helping her protect her assets, “Over the last 5 years I have had people try to steal my identity twice. They have tried to take out loans and credit cards. I am now on a list and it means when I open an account, I have to jump through more hoops than necessary, but it made me more aware of the usefulness of being able to see every transaction.”
She explains that this attitude to open banking is not adopted by all of her friends, “A lot of my friends are worried about plugging their accounts, they are quite risk-averse… It’s all regulated and it’s clearly the future of banking. It’s nonsense not to embrace it.”
This apprehension she largely attributes to lack of information or awareness, “I follow the personal finance news, I’m familiar with it, but a lot of my friends wouldn’t know what fintech or open banking is. A lot of them really resist online banking. Some are so nervous about it. Or they might do it online but won’t have an app on their phone. There are some I have persuaded to try it and as far as I know, they have stuck with it.”
Curious to understand if she has tried other apps available, she replies earnestly, “I tried another app which was ok but I didn’t find it as useful. As soon as I saw Moneyhub, I tried the free trial and it’s been amazing. I’m constantly telling friends about it.”
Although she admits she doesn’t use the spending budget feature, she articulates how valuable she believes it can be, “I don’t use the budgeting stuff so much as if I can’t afford something I won’t buy it. But it’s triggered conversations with friends, if they say they need to take a loan for example or save I suggest they set a budget in something like Moneyhub.”
Speaking specifically about what features she finds the most useful in Moneyhub she explains that spending analysis is a great way to keep track. Having recently celebrated a milestone birthday she also likes to monitor her pension performance.
It is this she believes helps her achieve financial wellness, “Knowing where all my assets are and the value of them at any given time. I have just recently paid off a car loan and that was my only debt. I could see exactly where I was with that. Knowing exactly the full picture of one’s finances.”
Friendship is a theme this Moneyhubber has regularly touched upon and so I asked what golden nugget of advice would she give to her friends, “Just to be aware. I’ve had lots of conversations with younger friends about this, knowledge is power, don’t bury your head in the sand, do the hard yards now, put everything into an app like Moneyhub so you know the status of everything so you can make decisions about paying things down and saving.”
“Part of the reason people put off using financial apps is they feel it’s a time suck. It’s not that at all, you can monitor everything through an app. Makes things super easy and super quick.”
