Looking at ways to improve your cashflow?

Online capabilities now give you greater insights into your spending habits, which you can choose to share with your adviser for more tailored solutions.

Aussie adults spent approximately $145 billion last year on lifestyle costs alone, with six out of the top ten categories related to just two things—eating and drinking out1.

If this sounds familiar, the good news is online capabilities (available through My AMP) are giving people greater insights into their spending habits, while also letting them share this information with their adviser, should they want a money coaching experience that can help them take control of their cashflow and spending.

What AMP Money Manager can do

If you’re a registered user of My AMP, which you can access via desktop, phone or mobile app, you can access AMP Money Manager, which may help you to do a variety of things.

Through AMP Money Manager, you can:

  • get a broader view of your finances, with the ability to see your bank, credit card, loan, super and investment accounts from over 200 financial institutions (including AMP) in the one place
  • track your spending more easily through the ability to categorise your transactions, so you can label and see where you’re spending the most (food, entertainment, or travel for instance)
  • access reports, so you can better visualise your spending habits through graphs and charts
  • work toward your financial goals faster by getting a more detailed picture of where you’re at.

How functions could enhance your advice experience

Through AMP Money Manager, you have the ability to share this information with your adviser if you’re looking for an advice experience that’s more heavily focused on cashflow.

Greater visibility means your adviser can see where your money is going, where money might be saved and where strategies could be put in place.

Being able to see trends over time may also go a long way in helping you to identify where behaviours could be changed, and ongoing budget or cashflow reviews may be worth having.

To share account information with your adviser, you do need to be registered for My AMP and have added your account login credentials from what other financial institutions you want included.

You can also give your adviser different levels of access, so they can view balances only, balances and transactions only, or balances and transactions with the ability to categorise things on your behalf.

Further information

AMP Money Manager is available to those who have registered for My AMP. You can register for My AMP even if you don’t have an AMP account.

For more details speak to your adviser and in the meantime, if you’re looking at other potential solutions, you may want to check out:

  • The AMP Bett3r Account, which enables you to track bills, set up savings goals and know what’s safe to spend
  • Our online goals explorer tool which could help you map out and prioritise any short and long-term financial goals that may be important to you.

 

1 Mozo - Australians eating away savings, spending a whopping $4 billion on food and drink per month

Discover a new way of banking

Imagine a bank account that helps you keep on track and tells you what's safe to spend.

Learn more

Login to My AMP

Manage your super, investments, insurance and banking online all within one secure site.

Login now

Explore your goals

Try our online tool to explore, prioritise and create your own goals timeline.

Start exploring

Want to keep up to date with the latest news? Sign up and be in the running to win 1 of 5 $300 Visa gift cards. T&Cs apply.

Sign up now

Recommended articles

Important information

Show more

This information is provided by AMP Life Limited. It is general information only and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances before deciding what’s right for you. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.

AMP Bett3r Account is issued by AMP Bank Limited ABN 15 081 596 009, AFSL 234517. Consider the terms and conditions available on request by calling 13 30 30 or at amp.com.au/bett3r and whether this product is appropriate for you. Fees and charges apply.

Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.