Money management is one of the most important skills for anyone, including millennials. In the midst of their active working lives, millennials not only have to manage their daily needs, but also prepare savings for their future, such as retirement funds and health costs, as well as handle other financial obligations that often arise, such as education loans, mortgages, or vehicle loans. Not to mention, the financial challenges are compounded if they have a family, with greater needs and more responsibilities. In addition, millennials' consumption patterns also evolve along with social changes and technological advancements. Therefore, it is important for millennials to have a good understanding of financial management, in order to make smart financial decisions and maintain long-term financial stability.

One of the best solutions is 360 Digital Wealth, a feature available on the M2U ID App that allows you to set up financial plans, monitor expenses, and manage asset & loan portfolios easily and efficiently.

Millennial Generation Needs in Managing Finance

To be able to manage finances wisely, millennials need to have some basic skills and knowledge in personal finance. Here are some of the needs that need to be met:

• Understanding Personal Finance Basics

  Understanding the basics of personal finance is essential for millennials to manage their money wisely. They need to know how to manage their income, pay their bills, and manage their daily expenses. In addition, they also need to understand how to set a budget and prioritize expenses.

• Long-term Financial Planning

  Millennials need to plan their future more wisely, such as saving for retirement or buying a house. Without long-term planning, they will struggle to achieve their bigger financial goals.

• Investment Knowledge

  Investment is one of the important pieces of knowledge for a good financial future, ranging from stocks, mutual funds, to property. Understanding how to invest wisely will help them grow their wealth and reduce financial risks in the future.

• Loan Management Skills

  Managing loans is an important skill, especially for those who have education loans, home loans, or credit card loans. They need to know how to manage and pay off loans wisely, so that they don't get trapped in mounting loans.

• Financial Management Technology

  Using technology to manage finances is one of the best ways to make financial planning and management easier. With various financial management applications, millennials can monitor expenses, manage budgets, and make financial plans more efficiently. One of the most helpful apps is 360 Digital Wealth on the M2U ID App.

Managing finances with 360 Digital Wealth

Managing finances becomes easier with 360 Digital Wealth on M2U ID App, you can plan, monitor, and manage finances in one platform. Here are some of the benefits of using the 360 Digital Wealth feature:

1. Easily Understand Basic Finance with Easy to Understand Graphics

   One of the advantages of 360 Digital Wealth is that it can present financial information in the form of easy-to-understand graphs. This graph will provide a clear visual picture of your financial situation, from assets, loans, to expenses. Thus, you can more easily understand your financial position and identify which areas need improvement.

2. Create a Financial Plan as Needed in One App

   This feature allows you to create a financial plan tailored to your personal needs, whether it's to buy a house, prepare education funds, or plan for retirement. With all the features in one app, you no longer need to switch between different apps or platforms.

3. User-Friendly and Easy to Learn

   The features provided in 360 Digital Wealth are designed to be easy to use by anyone, even those who are inexperienced in financial management.

It's time to manage your finances with 360 Digital Wealth features di M2U ID App. Yuk download M2U ID and get various interesting features now!