Everyone has summer goals, whether it be the perfect beach bod, an overseas experience, a flash new car or something in between. While budgeting is key to being able to get the things you really want, it can be tricky to keep on top of your spending. Westpac have launched an innovative new app, which is designed to help users manage their spending with ease. CashNav is a companion app to Westpac’s online banking app that allows you to track and understand where your money is going in real time, helping you to budget, save and reach your summer goals. Both guys and girls have some naughty spending habits, so resident Remixers Tim Phin and Isabelle Truman took a spin on CashNav, to see how it can help them out with reaching their top three summer goals.
GOALS FOR GIRLS: ISABELLE TRUMAN
Remix digital editor Isabelle Truman has been a Westpac customer since age 15, so we talked to her about her summer goals and how CashNav can help her achieve them...
GOAL 01: I NEED TO START SAVING FOR THE ROAD TRIP MY FRIENDS AND I ARE PLANNING THROUGH THE SOUTH ISLAND OVER NEW YEARS.
To help work out exactly how much money I can afford to save each month for this trip, I can look at the Spending Graph on CashNav, which helps me understand my spending patterns and where I can cut back.
It shows exactly how much money I’ve spent in the current month compared to past months and alerts me to any Spending Spikes I have.
GOAL 02: I WANT TO BUY A NEW HANDBAG AND HAVE HAD MY EYES ON THE ACNE STUDIOS BUCKLE JEANS BAG FOR A WHILE NOW!
CashNav records everything I spend, from my $5 soy lattes each morning to my mid-afternoon chocolate treats, then organises them into categories such as entertainment and eating out. It shows me EXACTLY how much I’m spending on these sorts of treats that could otherwise be saved towards my bag!
GOAL 03: I WANT TO SPEND MORE ON FITNESS CLASSES AND ACTIVITIES OUTSIDE OF MY USUAL GYM ROUTINE.
With CashNav helping me to see what I’m spending to help me save more, hopefully, I’ll start prioritising spending my extra money on health and fitness, rather than wasting it on impulse purchases. I’m a member of the gym but the same routine can get boring, so I also want to get to more hot yoga, barre, and pilates classes. These are all an added cost that hopefully, I’ll be able to afford if I keep on top of my spending more.