How to manage money like a pro with MoneyMate by INDIE

How to manage money like a pro with MoneyMate on INDIE

29 December 2023

A lot of people work hard to earn money, but not many focus on effectively managing it. While earning money is definitely one of the most important goals in life to establish financial independence, it is also equally essential to be aware of effectively using your funds to ensure long-term stability. This can be done through saving, investing, and managing expenses in an organised manner through effective money management.

If you are looking for a good way to manage your money, here’s how you can do so with IndusInd Bank INDIE’s MoneyMate:

1. Set your monthly budget and saving goals

Without a budget, it’ll be quite a task to figure out how much you need to be saving or are spending monthly. For establishing financial stability, you need to create a monthly budget to ensure that you do not exceed the limit for expenses across categories.

2. Review your spending patterns

When you track and categorise your expenses, it will help to gain insight into your spending patterns. This way, you can make informed decisions and identify areas where you can cut down expenses that are unnecessary, leading to an improvement in your financial situation. Now, the best way to track expenses is with the help of INDIE’s MoneyMate. With this digital spend analyser, you can easily track and explore your spending pattern across various categories such as shopping, dining out, groceries, and so on.

3. Get notifications every time you reach your budget limit

People lead busy lives and hardly have time to keep checking their account balance every time they spend money. However, without keeping a check, it is easy to go overlimit without realising it. This is where MoneyMate can help out big time. With this feature of the cutting-edge INDIE app, you can get alerts every time you reach close to your budget limit or when you have gone overboard with expenses. This will help keep a sound check on your finances.

Take a look at a few key tips on how to manage money effectively:

  1. Save before spending
    Expenses for regular essentials such as rent, groceries, loan repayments, electricity bills, insurance premiums and so on cannot be avoided. However, before taking on any avoidable or discretionary expenses like shopping, it is essential to first save a part of your income for future contingencies.

  2. Work towards achieving your financial goals
    Setting financial goals and working towards them will help in staying focused. With these goals in mind, you will avoid spending in excess and ensure that your money is effectively managed.

  3. Start investing as early as possible
    The earlier you start to invest, the more time you get to grow your wealth. With a longer investment horizon, you increase the potential for earning higher returns. What’s even better is that investing in today’s world is just a few clicks away. With IndusInd Bank’s revolutionary digital banking app INDIE, you can invest in all of your preferred stocks and enjoy one of the lowest broking charges. Through INDIE, you can also set up a monthly budget and open a line of credit whenever required. With these features and a host of other benefits, it comes as no surprise to see INDIE recording over 2 million app downloads!


Money management begins with awareness of your cashflows and tracking your expenses as you end up becoming a pro when you understand your spending patterns and regulate them through a solid budget. INDIE’s MoneyMate helps you in this journey from start to end. Download the app today!

Disclaimer: Views are personal opinions of the author.
The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.