You might have already heard the story of the ant and the grasshopper. To sum it up, the ants planned for their future by managing their resources efficiently, whereas the grasshopper was simply careless about his future and his lack of planning caused him to suffer in the end.
It usually takes so little to begin planning for your future. But often money management gets overlooked. Whether you’re a college student, a working professional, or someone just starting their career, effective money management can help you to achieve your desired financial goals. And to make sure that you are making informed decisions, saving wisely, maximizing your profits, and overall staying on the right track, you can always #AskFintoo.
Let us understand how the Fintoo Chatbot can help you to manage your money.
Steps to use the Fintoo Chatbot
Step 1:
Download the Fintoo app on your phone from the Apple store or Google Play store.
After downloading the app, open it and create an account by registering with us. But if you already have an existing account, simply click on sign in.
Step 2:
Once you log in, the homepage will appear. Find the chat icon and click on it.
Step 3:
Here you get the option to choose between Wealth and Tax. For money management assistance select Wealth.
Step 4:
Once you click on wealth, the Chatbot will appear and it will ask you to select from a few options to begin. Choose the “Go back to the main menu” option.
Step 5:
Now, you will get some more options to choose from. Here you can select “Help me with money management”.
Step 6:
After selecting “Help me with money management” you can proceed with analyzing your expenses.
Step 7:
Now, the Chatbot will ask you to enter the bifurcation of your income and expenses. Hence, select “Add details manually”.
Step 8:
Enter the exact amounts for an accurate analysis.
Step 9:
After you’ve entered all the details, the Chatbot will process the data and prepare a personalised report. This report will state how much you have saved along with a suggestion of where you need to monitor your expenses. Select “Yes” to know more about the discrepancy between your expenses and savings.
Step 10:
Once you understand where you can reduce your expenses, understand how to reduce them with the help of our finance experts.
Step 11:
By selecting “Schedule an appointment,” you can book a consultation with our expert at a date and time of your preference. Our team of seasoned finance experts go the extra mile to understand your portfolio, your needs, and your goals, to design a financial strategy suitable for you.
Moreover, you can also opt for our AI-backed Robo-advisor that conducts in-depth portfolio analysis and gives you the benefit of real-time portfolio tracking, data privacy, customised recommendations, etc., so you can make the right financial decisions and achieve your goals. Select “Create your customised financial plan” to get your personal Robo-advisor.
Conclusion:
Apart from money management, the Fintoo Chatbot also scans your portfolio in under 30 seconds and provides personalised recommendations about stocks, mutual funds, tax planning, help related to advance tax and ITR filing, etc.
To know more about these features you can check out our blog on
How to use the Fintoo Chatbot for stocks?
How to use Fintoo’s Chatbot for Tax Planning?
You can also visit our website www.fintoo.in to get a first-hand experience with our Chatbot.
Disclaimer: The views expressed in the blog are purely based on our research and personal opinion. Although we do not condone misinformation, we do not intend to be regarded as a source of advice or guarantee. Kindly consult an expert before making any decision based on the insights we have provided.
