Galgal: The Future of Money Management

Saving money can be a challenging task, but with Galgal, it’s made easy. Galgal is an app that was created with the intent of helping people, especially young people, manage their personal expenses and reduce the stress involved in budgeting and money management. With Galgal’s features, the entire process of money management is condensed into four features that help users save money and keep track of their expenses.


One of the key features of Galgal is the budgeting feature. This feature allows users to create a budget without the need for spreadsheets or tally marks, making it extremely easy to operate. With Galgal’s budgeting feature, creating and sticking to a budget becomes effortless.


Another significant feature of Galgal is the Savings feature. This feature, which is powered by the Smart Analytics Engine, helps users save money automatically every time they spend. The Savings feature also ensures that users stay on track with their budget and gives them a positive nudge every time they save. According to the Financial Express, the net savings of households in India have fallen to a 30-year low of around 4% of the GDP during the first half of the current fiscal year (2023-24). With Galgal’s Savings feature, users can easily increase their savings.

              (Source: Reserve Bank of India and Central Statistics Office)

The Spendings feature is another unique feature of Galgal. This feature tracks every rupee users spend and assigns it a relevant tag for future review. Users can also customize these tags for their reference. By simply asking users how they feel about each expenditure, the Spendings feature helps determine whether certain expenses are necessary or not and can be used while setting a budget in the future. According to a survey conducted by ET Wealth, overspending was identified as the main source of financial disagreements among couples. The survey found that this issue was particularly prevalent, with 52% of younger couples under 30 reporting and the percentage decreasing to 34.9% among those over 40. With Galgal’s Spendings feature, users can easily keep track of their expenses and avoid overspending.

The fourth and most unique feature of Galgal is the Galgal card. It’s a prepaid card and a new-age solution that allows users to transfer an amount to the card, which can be used during transactions. The Galgal Card is accepted everywhere VISA cards are accepted and has contactless transactions enabled. The Galgal Card can help users control their spending as they have to transfer an amount to the card, which can only be used up to that amount.

In conclusion, with Galgal, managing finances is effortless. The budgeting feature, Savings feature, Spendings feature, and Galgal card all work together to help users save money and keep track of their expenses. According to the All India Debt & Investment Survey, the average amount of debt among rural households was Rs. 59,748 and among urban households, Rs. 1,20,336 as of 30/06/2018.

                                                 India’s Household Debt

                                                (Source: CEIC database)

With Galgal, users can easily manage their finances, pay off their debt, and increase their savings. Download Galgal today and take control of your finances.

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