Nuvestan offers a personal finance tool to help people invest more while visualizing the value of their purchases
As the economy starts to recover and reopen after more than a year of pandemic-induced lockdowns, Nuvestan is leading the way in providing a game-changing financial tool to help individuals currently scrambling to regain their financial footing.
Nuvestan offers an innovative solution that allows individuals to save regardless of their financial situation. It provides a financial tool that lets them visualize the worth of their spending habits and compare it to the same cash if invested in stocks and ETFs at that time.
Nuvestan serves as the only platform that showcases its users with an opportunity cost of their impulse spending compared to its potential value if they had invested it into the stock markets.
The budget tool gathers information on users’ categorized purchases and emphasizes their spending behavior, so they are more conscious of the money they could have made in the stock market.
“People need to pay attention to their current spending habits and understand the future dollar value of their purchases. That’s where Nuvestan becomes of great help,” says Nuvestan founder Stephen Umunna.
The platform does not need a banking login, and users that have a Mint.com account can download their transactions from Mint.com and upload them to Nuvestan to present their historical data. Nuvestan only accesses data to present users with their spending habits, and it doesn’t store their users’ financial institutional usernames and passwords.
Nuvestan stays on track in helping people squeeze out their money than what they already have for their investments. It urges individuals to spend wisely and think long-term.
Mr. Umunna says every purchase is categorized. For instance, if someone ate at McDonald’s, their purchase would be classified as “Fast Food.” The financial tool breaks down the purchases based on categories and presents how much money users would have made in various stock markets on that very day.
To get started, users may join to learn about their money and where to invest. They can create their personal account on Nuvestan. The platform asks for an email and mobile phone number to ensure the legitimacy of the user logging into their account.
After signing up and logging in, users can link their financial accounts to display their transactions. To ensure a safe and secure connection between users and their financial institutions, Nuvestan has inked partnerships with Plaid Inc. Plaid works with Venmo, Betterment, American Express, Truebill, and Acorns to highlight the security of a user’s transactions.
“Data security and users’ privacy remain the utmost priority for the company. We employ measures such as 256-bit-encryption and multi-step authentication to safeguard user information further,” says Mr. Umunna.
Afterward, users can play with Nuvestan’s Spending Overview feature to measure the value of their money if they invested it instead of spending it. They can adjust by time-scale, spending category, and even stocks. They get to see what would have happened if they let their money grow over time.
After checking out the features, users can begin setting and tracking their personal finance and goals. Those who want to learn more about Nuvestan may visit the website for more information.
Media Contact
Company Name: Nuvestan Inc
Contact Person: Stephen Umunna
Email: Send Email
Country: United States
Website: https://www.nuvestan.com
