For her internship at the end of her university degree, Sophie had the opportunity to spend six months in the US. She had a great time, and was able to experience Halloween the way it’s supposed to be, just like she’d seen in the movies. It’s traditional in America for the streets to transform into rows of haunted houses, each more elaborately decorated than the next, and for residents to dress up as all kinds of different characters. This year, to mark the occasion of Shauna’s arrival in Luxembourg, Sophie is planning to invite her to a US-style Halloween.
MIA: Track your budget. Live smarter.
Next year, Sophie and Marc are planning to go on holiday to Japan. This will be quite an expensive trip, and the young couple will have to plan their expenses properly and start putting money aside quickly. Thankfully, MIA is there to help them reach their goal more easily!
It is not always easy to know, at any given time, your exact financial situation. MIA anticipates the available budget by taking into account the customer‘s recurring spending up to a given date. Moreover, MIA classifies spending and incomes into different categories enabling the customer to visualise immediately the various budget items.
In their “Holiday in Japan” project, all they have to do is indicate the date when they will need the money and MIA calculates the amount that they must put aside to reach the total needed. Sophie and Marc want to leave in March 2019, which is around 10 months away. MIA indicates they would need to save around 200 euros per month. Marc approves this simulation and can choose between either setting up a standing order or one-off payments. He chooses to set up a standing order for 200 euros, which will be paid into his chosen savings account every month. Sophie decides to go for one-off payments.
Without MIA, Sophie and Marc could of course have also set up a standing order to save for their holiday. But with the rent payments, electricity bills and other expenses, they don't always have their exact account balance in mind all the time. Thankfully, MIA takes into account all these expenses and estimates the amount that each of them still have available to spend during that month. It does this without them having to worry about it or keep a household book.