Managing personal finances is hard, that’s no secret. Sometimes things go my way and I have a few spare dollars and I can afford an extra coffee or some toys for my daughter. However, sometimes there’s an extra bill that I didn’t expect, or sometimes the winter seems to drag on and the heating bill is more expensive than last year.

As a customer of RBC, I’m excited to announce that they are launching a tool that gives us an advantage in planning and everyday spending to manage our money coming in and going out.

The NOMI tools use very clever AI (artificial intelligence) to understand how we spend our money, where it’s going and how to reduce outgoings to end up with a little more at the end of the month.

Pretty cool right?

It’s like having a financial advisor in your pocket, but without the funny looks you’d receive from having a tiny, well dressed bookkeeper on your person.

There are two available tools, NOMI Insights™ and NOMI Find & Save™

NOMI Insights and NOMI Find & Save provide personalized, timely and relevant insights to help clients manage their day-to-day finances on the go through the RBC Mobile app. Both of these new capabilities use a client’s account activity to identify trends, unusual activity and potential savings opportunities.

Here are some videos to show you more:

NOMI Insights

NOMI Find & Save

I’ve been trying to skim a little off the top of my paycheque and put them into my Savings, but it would be amazing for have bank do it for me. The Find & Save tool learns my spending habits and then puts a little into my savings for me when I make a good spending decision.

For example, if I go to Starbucks and buy a coffee every day, the day I don’t go, the $5 that I would have spent goes into my savings. I dread to think what I spend on lunches every day, just with a tap of my debit card, but if I bought a lunch from home or had something at work, my savings account would feel the benefit.

Get involved for free today. Here’s all the info you’ll need

Click here to start saving