November marks the 10th anniversary of Financial Literacy Month in Canada. This month, we want to help you on your journey to learning about your personal finances. Let’s learn about the launch of our new platform MyMarble.
When it comes to learning about your finances, we’re often left unsure of where to start. Whereas we all have a keen desire to educate ourselves on the best financial practices, there are limited options and resources available online to assist us. Likewise, many Canadians are finding themselves struggling to comprehend many financial basics. As a result, this can sometimes lead to debt struggle, poor credit score and financial stress.
According to a pre-COVID report by TransUnion, an estimated one-third of Canadians (12 Million) have ‘below prime’ credit scores. This has resulted in a large number of underserved Canadians needing to improve their financial status, especially now in these truly uncertain economic times.
Introducing MyMarble Dashboard
At Marble, we have created the MyMarble Dashboard, offering you personalized financial recommendations about when to pay bills, how to prioritize debt management decisions and offers. The MyMarble Dashboard allows you to review your current income and spending to discover the best ways to improve your credit and financial wellbeing. We provide you with access to your monthly reports using your connected bank account. From here, MyMarble can form personalized recommendations and opportunities for you to utilize your budget and flexible expenses. Most importantly, this can help you pay off your debt faster and boost your credit score.
We’ve created this platform for you to have a singular space to manage all your personal finances. Whether it’s to track your spending, monitor your credit score and manage your debt. Through financial education and inclusion, MyMarble is your one-stop shop towards a positive future. If you’re looking to achieve that loan, mortgage or simply wanting to get your finances in check – monitoring your monthly incomings and outgoings will help you achieve your dreams. Let’s learn about how MyMarble works.
Navigating The Dashboard
Learning your way around the MyMarble Dashboard is easy. Once your logged in and your bank account is connected, you will have access to the many tools we have to offer such as an overview of your monthly reports, your credit score, tasks and recommendations.
The reports tab will help you review your past spending habits and trends, allowing you to visualize where your money is going. The MyMarble software will analyze data from your connected bank account, and divide your spending into four categories; Income, Fixed expenses, Flexible expenses and Debt payments. Most importantly, these four pillar categories will guide you in reviewing your spending habits and trends too.
When it comes to budgeting and tracking your spending habits, sometimes we get lost in confusion and struggle to see what areas of our finances need that extra time and attention. But it’s important, to be honest with yourself. Once you dive deeper into the habits tab, you will be able to see the breakdown of exact areas of where you spend your money.
For example, let’s say you click on the fixed expenses tab. Here, you can then see the breakdown of sub-categories such as rent, internet, electricity and more. And this applies to the trends tab too, which is coming soon. You can analyze how you spent your money from the moment you began your journey with the MyMarble platform and check out how you’ve been progressing.
Tasks and Recommendations Tab
Our tasks and recommendations tabs are a perfect way to help you keep up with current Score-Up and Fast-Track applications. Alongside this feature, our recommendations tab will help you see the bigger picture regarding your credit and banking habits and allows you to scroll and check out which ones you would like to take on board in order to better your financial health.
Maybe you’ve changed jobs, recently moved home, have a payday loan or a limited credit history. Our recommendations will show you our top recommended items based on your financial profile. We look at your account activity, credit report, applications and banking. We then serve up insights based on the ones you’ve matched to help you improve your credit.
Credit Score Tab
Your credit score is valuable. Credit scores are three-digit numbers ranging from 300 to 900. Likewise, your score is derived from the information found in credit reports. The higher the number, the better your score. It helps determine if you will gain loan approval, mortgage or more loan and credit products. This gives your creditor an insight into how financially responsible you are and whether you’re reliable in paying back debt.
Having a poor credit score can limit your financial opportunities. For example, you can often feel flustered with rejection when it comes to searching for products. In order to improve your credit score and revamp your finances, it’s important to be conscious about how you spend your money. Combining your monthly reports, alongside monthly access to your credit score, the MyMarble dashboard allows you to see how your financial habits affect your bottom line.
Related Article: Introducing Maestro by Marble
How To Get Started with MyMarble
You can get started with MyMarble by simply logging in and connecting your bank account. Above all, you’re ready to get started. After that, you can begin using the dashboard and bettering your finances. Combining our personalized recommendations, monthly reports, credit score monitoring, financial tasks and more, you will be on your way to increase your credit score, bettering your budget and getting rid of debt.
To get started, sign-up for MyMarble today: https://portal.mymarble.ca/sign-up.