Financial Tools takes the work out of staying on top of your finances. Make sense of your transaction history and see the categories where you spend the most money.
Link your accounts at external financial institutions (Fis) to manage your finances all in one place. Link your credit cards, loans, check, and savings accounts from other Fis once and see up-to-date balances and transactions from all your accounts on the Home page. You can link accounts from most domestic US based Fis.
Account information for linked accounts is view only. Although you can see balances and transactions and modify categories and descriptions, you cannot create a new transaction for linked accounts or transfer funds between linked accounts. If you need to created transactions or transfer funds to an external account, you will need to create an External transfer.
Use transaction categories to help you accurately monitor your spending and track your budgets. Transactions for your internal accounts and linked accounts are automatically categorized to help you accurately monitory your spending and track your budgets. In some cases, you may choose to modify transaction descriptions, split transactions across multiple categories, and create or edit new subcategories.
The Spending tool allows you to see a visual representation of how you are spending your money over a period of time. Transactions are categorized based on the same categories used in the Budget tool but show the percentage of each category as compared to the total.
The Budget tool allows you to set budgets for each spending category and track spending in these categories each month. As each month progresses, this tool provides visual clues to show you how close you are to hitting the assigned thresholds.
The Trends tool builds even further on your budgeting categories to help track spending over time as compared to income. It shows spending history by category, in relation to income. This way, you can quickly determine if you are spending more than you are making.
The Net Worth tool tracks the net sum of all your assets and liabilities over time.
The Debts tool allows you to see all of your debt accounts in one place and to calculate how making additional payments, or applying a different paydown strategy, can impact your debt over time. The system will calculate paying off your debt using the Snowball method. This method helps you pay off your debt in the fastest way possible, by rolling the monthly amount you have been applying to a specific debt to the next debt in the priority list.
The Cash Flow tool allows you to view your deposit and spending history and predict future balances. You can add recurring bills and payments with several frequency options, including one-time, monthly, quarterly, and annual payments, and estimate the impact of a new recurring expense on your future available cash.