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.
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!