Friday, 26 July 2013

My Prosperity

I'm not usually one to start chatting about financial products on this blog, however I was offered the opportunity to have a look at myprosperity through my affiliation with Nuffnang, and I thought... why not? I could definitely do some organising in the financial department now that we have downsized to one income.

There are so many different elements to managing your finances, and sometimes it can be a little difficult to figure out exactly where you stand financially and what you can actually afford to do. Myprosperity is a free, secure, online platform that you can use to link all of your financial things, bank accounts, mortgage, credit cards, insurances, assets etc. in one place. The best thing about this is, because everything is in one place it is easy to see what is going on financially for you at any given time without having to have 100 browser windows open at once. This actually makes your financial position easier to understand.

How it works??

When you register for an account, you log into myprosperity, and you do a little online interview. You start by telling the program what your life stage is and what your goals are. This means that it is not just a cookie cutter set up and is a bit more personalised. This means that you can design a plan to suit your needs, not what "the majority of people" (whoever they are) want.

Next, you link all of your accounts to your myprosperity account. This takes a little bit of time to set up because the accounts need to talk to each other and all that jazz. Once it is done though you can log in and see where your money comes from, and also what you spend it on. The good thing about this is that it organises all of your in's and out's on its own. You don't need to add each transaction in manually, so you don't miss anything. All of the transactions are then organised into categories, which makes seeing EXACTLY what you spend your money on really easy and makes budgeting a lot easier.

From here it really is up to you. You can go into the planner and set yourself some goals, check out your wealth position etc. Personally, I really want to focus on sticking to a budget and boosting our savings for all important holidays and emergencies! So I jumped into the goals section and put that in. It was really easy to set up.

One improvement I would make is an easily accessible help link or frequently asked questions link. Although I found that it was really easy to navigate the site, it took a bit of clicking through things to figure it out.

I'm looking forward to organised finances with no surprises from now on!

If you would like to check out myprosperity for yourself, visit their site and register for an account. It is an easy, free, and secure way to take control of your finances.

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