Are you having a difficult time keeping track of your finances? Do you have multiple accounts with different institutions? Are you unsure of how much you have coming in or going out? Are you at a standstill as to what you can do to get organized? We have just the tool that can help you. Sign into your online banking account, scroll your mouse over to the personal finance tab, and say hello to your new best friend…Money Desktop.
Money desktop allows you to view information on all of your accounts in one place. Banking, investments, credit cards, loans, mortgages are all able to be seen and reviewed so you know where your finances stand. This allows you to see how much money you have and how much you are paying out or owe in total.
Two of the most useful tools on Money Desktop are the Spending and Trends features. They show you a chart of all of the things you’ve been spending on and categorize those purchases for you. They chart your expenses so that you can visually see where the bulk of those purchases are being made. Some of the headings you can expect to see are business services, pet food and supplies, bills and utilities, education, shopping, entertainment and so on. From the charts shown, you will be able to determine if you are spending too much one any one category and take steps to change this pattern, which brings us to budgeting.
With the budgeting tool, you can let Money Desktop set a monthly limit for spending in a particular category, or you can set one for yourself manually. This can help you to reign in your spending in areas where you feel are excessive. You will be able to track your transactions in these categories as often as you like and your color coded budgets (red, yellow, green) will tell you how close you are to keeping within your budget.
As if the Spending and Budgeting tools weren’t enough, there is also a Goals tool. This tool allows you to set financial goals for yourself. You can choose a savings goal or a payoff goal. Some of the savings goals you can set for yourself are saving for an emergency fund, college, retirement, vacation etc. You can also choose to set goals such as paying off a credit card, loan or other debt. You can have the tool suggest a monthly contribution amount or you can set one yourself manually. The tool will then calculate how long it will take for your goal to be completed. If need be, you can change and adjust the goals to meet your current financial needs.
With all of the features on Money Desktop, there is no way you won’t be able to organize your finances and get back on track. Get started today!