Money Management

Money Management in Online Banking

Money Management in Online Banking is a useful tool for financial wellness. The Money Management feature can help you keep track of all your finances in one central location, even if you hold accounts at more than one financial institution.

The primary benefit is to get a holistic view of your financial landscape and habits. From tracking expenses to monitoring income and categorizing transactions, this tool provides a clear and detailed picture of your financial habits. Accessible insights into your spending patterns empower you to make informed decisions, ultimately contributing to better financial health.

Set Up Your Accounts

From the Online Banking homepage, click Add Account from the Outside Accounts widget. Or, you can click on the Manage Money tab in Online Banking and choose Money Management. Then click on the type of account you would like to add.

^{The Outside Accounts widget on your Online Banking homepage is a shortcut to Money Management.}

Create and Maintain Budgets

A cornerstone of effective financial management is budgeting. Money Management enables you to set up budgets based on various categories such as groceries, entertainment, and bills. With real-time tracking and alerts, these tools help you stay within your budgetary limits, fostering responsible spending habits and preventing unnecessary financial strain.

To set up your personalized budget tools, click the Budgets tab under Money Management in Online Banking. You can either auto-generate budgets based on your past transactions or set new budgets up from scratch.

Set Financial Goals

Another feature of Money Management is setting a financial goal, whether it's saving for a vacation, an emergency fund, a major purchase, debt payoff, or your retirement. By breaking down your goal into manageable milestones, you can track your progress over time, fostering a sense of accomplishment and financial empowerment.

Create and track your financial goals under the Goals tab in Money Management.

Monitor Transactions, Spending, and Trends

Understanding where your money goes is crucial for effective financial management. Money Management allows you to categorize expenses automatically or manually, providing detailed insights into your spending patterns. This helps you identify areas for potential savings and encourages responsible spending.

Visit Transactions to see all the financial transactions from your accounts in one location. Spending will give you a picture of the amount of money you have coming in, or income, versus the amount you are spending. Trends will identify spending trends over time, to help you more easily identify patterns and spending habits.

Manage and Reduce Debt

For those dealing with debts, Money Management can help track outstanding debts and visualize progress over time.

Click the Debts tab in Money Management and add in any relevant accounts you would like to monitor.

Keep Your Accounts Secure

Security is a top priority with any financial tool. Our Online Banking offers robust security measures, including multi-factor authentication, to ensure the safety of your financial information. You can enjoy the convenience of managing your finances online without compromising privacy and security. And it can be easier to spot any irregular activity if one of your cards or accounts is compromised by monitoring them in Money Management.

Notifications

Money Management offers notifications that can alert you of low balances, payment reminders, fees, and large expenses. You can also get alerted if you are expected to exceed your budget, so you can adjust your financial planning accordingly.

All Together Now

Money Management brings together all your financial details to help you budget, save, and invest, so you can build healthy habits for financial wellness. Start by logging into Online Banking and setting up Money Management today!