App Store
Google Play
Your Personal Financial Coach
Get your money and assets in shape with the help of a digital coach. Clear steps and real results for a healthy financial future.
So your money won’t slack off
The coach is a tool that monitors whether you spend money according to your plan and whether your asset settings are correct. It is available for free directly in the Finax mobile app.
Bank account overview
Have all your accounts neatly in one place.
Saving money
Discover practical ways to save money regularly.
Track expenses
Find out where your money is going and where you can save.
Budget
Create a realistic budget that will help you stay on track with your goals.
Financial analysis
Expert analysis of your finances plus clear recommendations.
Net wealth
Track how your wealth grows over time.
Discover where you could save more money
Link your bank accounts with the coach to get better insight into your expenses. The coach automatically categorizes payments like food, transport, and housing. With this overview, you can more easily identify where your money is lost.
Think your purchases through
Plan purchases beforehand in a monthly budget. With a budget, you will be able to cover all the expenses, while saving money for your bigger goals.
Gain overview of your entire wealth
Get to know your net worth, which is a key financial health indicator. It is a difference between your assets and liabilities. By monitoring its development, you will know whether your long-term financial health is right.
With the app, you have control over your budget
With the Finax app, you can manage your finances easily and clearly.
7 steps to a better financial future with the Coach
- Set up a Finax account and you will automatically gain access to the Financial Coach as well. You don’t have to actively invest with Finax in order to be able to use the Coach.
- Pair the Coach with your bank accounts and set up an account for cash payments as well.
- Observe your monthly spending according to the categories and consider if you spend your money according to your values and goals. Look for areas where there’s room for improvement and save money.
- Observe your monthly spending according to the categories and consider if you spend your money according to your values and goals. Look for areas where there’s room for improvement and save money.
- Allocate your monthly earnings so that it covers all your planned expenses as well as allowing you to save some of it. Definitely create a budget for frequent purchases such as grocery shopping.
- Net worth is an important indicator of financial health. Create a list of your assets and liabilities with Coach. You will thus get a better track of your net worth’s growth.
- Spend few minutes a week to take care of your money and you will acquire habits allowing you to reach your goals faster and sooner
Got questions?
-
Upon finishing the registration, you click on the “plus” button in the Coach section and hit “Add a bank account”. Follow the instructions, and after a few minutes, your last payments will appear.
Your consent with loading the data will be valid for a 180 days. It will then be necessary to renew it. Don’t worry, it will only take a few seconds.
- Upon connecting your bank, it may take a few minutes for the transactions to appear in Coach. Registering the payments from the current day may take more than 24 hours to complete. If the payment has not appeared yet for a longer period of time, it is most likely a failure from the side of your bank.
- If your payment has not been assigned a category, you may do so yourself, manually. If the payment recurs, e.g. grocery shopping at your local grocery store, you may set up a rule, for it to always appear in that category. All you need to do is to write the word base from the payment’s description, save it and you won’t have to repeat yourself ever again. The already set-up rules can be changed in the settings section.
- E.g. if you transfer money between your accounts the Coach will automatically recognize this simultaneously as an expense on one account and income on the other, which may distort the financial analysis. You may change this in two ways. Either you will change this rule for all the internal transactions – you will click in the lower main panel on “More” and turn off “Including the internal transactions” in the Bank transfers section. The other options is to change the settings for that particular transfer only – you turn off Include in the analysis in the detail of the payment.
-
If you withdraw cash, and you use it for one transaction, you just need to assign one category to the entire expense. If you use the cash for more transactions, you may click on Split the payment and assign two or more categories.
If you are not sure what to do with the withdrawn cash yet, label the payment as “ATM withdrawal” and the Coach will automatically increase the cash in your digital wallet by that amount. Don’t forget to add the cash payments by the + sign afterwards.
Didn’t find an answer?
Contact us
perm_phone_msg
mail