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Do you feel like you are in a rat race, an endless run for the same goal, without getting any closer to it? Our day’s working way and how our schools educate us, prepare us for the corporate world, and it is designed to keep us there with career paths, long term and social benefits. They make us addicted to these jobs and take our freedom from our hands as if we can not survive without them, even if we saw the examples that show otherwise.
There are some people who were able to escape this rat race through variance means such as investments and creating a passive income and achieved their financial freedom. Do you want to become one of these people? I have to say it is not easy, but you can start by learning how to manage your money better. And apps like Revolut can help you during this journey.
From real-time budget tracking to goal-oriented savings features, Revolut supports users in creating a healthy approach to personal finance.
1. Instant Budget Tracking
Due to the wide usage of credit cards rather than cash in any purchase we do, now it is easier than ever to lose track of how much money you spend every day before the last day of the month. And sometimes, it is a bit too late.
Revolut can help you take control of your spendings with instant budget tracking with notifications. You can easily track where your money goes and how much money is left in your account so that you can adjust your spendings accordingly, and not have to call your friends or family at the end of the month. Sounds nice, right?
2. Setting and Achieving Savings Goals with Vaults
Even the best ship needs a goal to reach its destination. So no matter how much money you are earning, it is really important to have a saving goal so that you can reach your financial destination. That might be to buy the motorcycle you always wanted, invest more to gain financial freedom sooner or simply a trip to Japan that you always dreamed of.
But it is hard to keep the promises we give to ourselves, especially while there are a lot of things to spend your money on, ads popping up wherever you look…
Revolut can be your gatekeeper on your destination to allocate money for whatever you like. You can set saving goals for different funds, they can be an emergency fund, trip budget or university loan. No matter what you want to spend your money, Revolut can help you keep it until your money can reach the right place.
3. Automating Savings with Round-Ups
Okay, now we set up our saving goals, and on our way to reach financial freedom. Do you need to transfer your money from one account to another?
Not with Revolut! Revolut can help you automate the saving process, and save some money from every purchase you made. It’s like a tax but you pay it to yourself, easy and effective! Without noticing, you will find yourself with savings with the leftovers of your daily spendings. How much you can make just by saving the round-ups will be a surprise even for you!
4. Subscription Management for Smarter Spending
This one is as important as, and maybe even more than where you spend and how much you set aside. Where you don’t spend your money matters too!
Thanks to the hardworking people in technology, it is easier than ever to subscribe to a service from the internet, while you are surfing on social media. You saw something, you like it, you already have a registered credit card on your browser, you click a few buttons and there you have a subscription. And after a couple of months or so, if you are not careful, it might slip away from your attention and you find yourself paying to subscriptions that you don't even remember subscribing to.
5. Investing Made Accessible
You saved the round-ups, you managed to get rid of unnecessary recurring payments thanks to Revolut. So what will you do with all the money you have now?
Now you can actually invest your money in various assets like stocks, crypto or commodities. You don’t need a lot of money to start investing, just start small and learn how to invest slowly and regularly. Thanks to Revolut’s user-friendly platform, it is easier than ever to try out new investments, accessible to anyone!
6. Boosting Financial Security with Advanced Card Controls
Other than saving goals and spending alerts, you can also keep your funds safe with Revolut’s advanced card controls. Have you ever gone on a trip, with a budget in mind and when you come back, you realize you spent a lot more than what you expected? Revolut prevents these kinds of experiences with the spending limits and location-based security to give you full control over your money.
Additionally, in case of emergencies like thievery, or losing your card, you can instantly freeze it to secure your money, and unfreeze it whenever you feel safe again.
7. Expense Splitting for Transparent Social Spending
You can also track who owes how much during your daily life or trips with your friends and family. No need for other expense tracking apps or excel sheets. Don't waste time on the cashier to split the check inside the cafe, pay quickly, move on, and share the expense directly from your Revolut app.
8. Personalized Budget Insights for Self-Improvement
So, it is the end of the month. That means time for financial reviews.. But a lot easier, and personalized with Revolut! Revolut shares detailed spending reports with you to highlight areas of improvements in your monthly spendings and suggest improvements. It is like having your personal accountant with you, to make you feel good about how good the decisions you give turned out to be, and what else you can do in the next month.
Conclusion
Revolut can be your Robin and fight beside you each month against the expenses coming towards you and help you build the financial freedom you want, by giving you the tools you need to build better financial habits.
Remember, even if you are Batman, you need some tools and partners to win your fights. So let the Revolut be your partner and tool in your journey to financial freedom!
Sign up to Revolut today via our referral link and get your first travel card delivered completely free! Click here to sign up!
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