Alternative Towards Financial Independence Through Personal Financial Recording Applications
The personal financial recording segment is increasingly crowded with fintech players along with the increase in financial literacy
Knowledge of managing finances was not taught in schools, but having basic personal finance knowledge, such as financial planning, savings and investments, and debt management is an important step towards healthy finances. Everyone has ambitions to achieve this, especially at the beginning of the year.
Recently, digital-based tools have helped more and more basic knowledge appear, along with increasing internet penetration and financial literacy. Number of app users wealthtech has continued to increase since the pandemic hit and succeeded in catapulting Magic as a unicorn startup.
Popularity wealthtech encourage the emergence of trends in the presence of personal financial recording applications. Another term that is often used to categorize it is personal financial management (personal finance) or budget tracking. The essence remains the same.
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