Barbara Shaw: Hi! I am Barbara with Wells Fargo and Company. Keeping track of how you spend your money and how much you save is an important part of your personal finances. You can spend, save and budget smarter with financial management tools available through online banking.
Many banks now offer services that track exactly how much you spend, as well as the types of purchases you make to give you a better idea of your monthly expenses. A spending report can really help you watch exactly where your money goes.
Every dollar you spend is automatically sorted into familiar categories. There are virtually no receipts to save and no spending to key in. you can also stay on top of your income on monitoring deposits to your accounts, giving you a complete overview of your finances in one convenient location.
Other available financial tools include a budgeting feature that allows you to set up monthly spending goals. It's easy with your actual spending history on hand to guide you.
For even more control over your spending, you may be able to set up alerts to update you on how you're doing with your budget goals. Your online banking service may also include tools to help you take advantage of your more disciplined spending by building your savings.
By using online banking to keep close track of your spending and savings, you can get much closer to your financial goals.
Videos in this Series
How To Monitor Your Spending & Saving
