Several banks operating in the UAE have recently launched a financial calculator within their mobile applications. This tool aims to help individuals track their monthly income against their expenditures, emphasizing the importance of maintaining a balance between the two and avoiding overspending.

According to this new service, which is provided free of charge to clients, all funds entering their checking accounts and payments made on credit cards are monitored. This information is compiled monthly to compare total income against total expenditures.

The financial calculator details the income received by the client, including the dates it was received, while also providing a breakdown of expenses by time and the entities involved in the spending. In the end, the application offers users a summary note, indicating whether they have spent more than they earned or vice versa.