Reorganize Your Financial Condition With the 360 ​​Digital Wealth Feature on the M2U ID App

02 May 2025

Times like long holidays, big family events, or even seasonal shopping often make expenses swell up unnoticed. From home shopping, transport, to entertainment and social costs. After all the excitement is over, many start to feel the impact on their financial condition, such as depleted savings, bills piling up, and balances getting critical.

This condition can still be recovered with the right strategy. You can utilize banking features to help manage and plan your finances in a more structured way.

Bloated Expenses? It's time to evaluate and plan your finances again

Before discussing the solutions, let's first look at what are the main causes of financial woes after holidays such as Eid al-Fitr, Eid al-Adha, Christmas holidays or other holidays. Usually, expenses increase drastically for things like:

• Shopping for additional necessities

• Transport tickets and travel accommodation

• Gifts or parcels for loved ones

• Shopping for lifestyle needs or home supplies

• Hang out or eat out more often

If you don't plan well in advance, all these expenses can eat into your savings. In fact, it could even cause you to go into debt to cover these needs. Therefore, after going through a period of high spending, this is the right moment to evaluate your financial condition, then re-strategise a healthier and more sustainable financial strategy.

Tips for Managing Finances After a Period of Big Spending

Here are some steps you can take to start recovering your finances:

• Evaluate all major expenses

  Review how much money has been spent. Separate which expenses are mandatory and which are impulsive. This step will help you recognise financial patterns and know where to save in the future.

• Calculate total assets and liabilities

  Record how much savings you have left, the value of your assets (such as mutual funds, deposits, etc.), and liabilities such as instalments or loans. This is important so that you have an overall picture of your financial health.

• Create a new priority scale

  Once you know your real financial situation, re-prioritise your spending. Basic needs and obligations must be prioritised. Reduce secondary expenses such as entertainment or impulse shopping.

• Resist consumptive lifestyle

  Even though you have enjoyed special moments and extra spending, now is the time to return to a frugal lifestyle. No need to hang out every weekend or splurge on online shopping.

• Start planning new savings and investments

  It's never too late to set aside an emergency fund and start investing regularly. Instead, this is the best time to improve your financial habits so you don't repeat them next year.

Manage Finance Easier with 360 Digital Wealth

Maybank Indonesia presents a smart solution for those who want to manage their finances comprehensively Through the 360 Digital Wealth feature in M2U ID App (mobile banking), you can do various important things in one application, from viewing assets, monitoring expenses, to planning financial goals. Here are the features that you can utilise to restore your finances:

1.   View Assets & Loans: Evaluate Your Overall Financial Condition

This feature allows you to see your total assets and loans in one view. No more need to open separate apps to check account balances, deposits, or mutual fund investments, all of which can be seen directly from one view. The benefits you can get include:

• Provides a complete picture of your current financial condition. All assets and loans at Maybank are automatically accumulated.

• Add your assets and loans, at Maybank or outside Maybank, and enjoy the convenience of 360 Digital Wealth that automatically accumulates all your financial data.

With this feature, you can more easily determine the next step, whether you need to reduce expenses, increase savings, or restructure debt.

2.   View Spending: Track and Improve Consumption Patterns

At certain moments, we don't realise how much we're spending because we're too focused on activities and immediate needs. This is where the View Expenses feature comes to the rescue. Some of the advantages of the feature that you can experience include:

• Monitor all transactions automatically.

• Displays expenses based on categories such as Food & Beverage, Transportation, Shopping, Utilities, and others.

• Provides expense analysis for the last 1 month, 3 months, up to 6 months.

• Use various filters to make searching easier.

• Add your expenses outside Maybank, and enjoy the convenience of 360 Digital Wealth that automatically accumulates all your financial data.

For example, you can find out that in the previous period, shopping and transportation categories were the biggest expenses. With this data, you can start to tighten your spending in these categories and re-budget for the following month.

3.   Organise a Financial Plan: Strategise for the Future

Once your financial condition starts to stabilize again, the next step is to rebuild your financial plan. In the Organise Financial Plan feature in 360 Digital Wealth, you can do several things such as:

• Create financial goals such as emergency funds, holiday, education, or retirement.

• Set up a regular investment plan with auto-debit.

• Get investment simulations along with automatic calculations.

• Optimise assets to be more productive. Find recommendations for product types according to your goals and risk profile and a wide selection of investment products, choose according to your needs.

With this feature, you can set aside a small amount of income for long-term financial goals, without worrying about forgetting or complicated manual calculations. Simply set the goal, the amount of funds, and the time period, 360 Digital Wealth will help you manage it.

It's not easy to move from a consumptive phase to a more responsible and structured one. But the first step can start today. Evaluate your financial condition, re-prioritise, and use M2U ID App to help you be financially healthy.

Let's reorganise your finances starting today. Download M2U ID and use the 360 Digital Wealth feature now!