Manage Your Money
Do you find yourself having trouble keeping track of your finances? How much money do you spend on groceries per month? Clothes? Utilities? Or maybe you’re having trouble creating a budget and sticking to it. Well, we are very happy to tell you about Money Desktop.
MoneyDesktop (MD) is an online money management tool, integrated into online banking, which empowers you to take control of your finances and simplify your life. Budgeting, account aggregation, categorization and mobile access are just a few of the tools to guide you along the way.
With MD, you can view your bubble budgets. You set your budget for any number of categories including entertainment, pets, business services and much, much more! The budgets change color from green to yellow to red depending where you are on your budget for that month. The size of the bubble changes on how small or large you set your budget. The larger the budget, the larger the bubble.
MoneyDesktop also has a Debts tab that allows you to see how much you owe on all your credit cards, loans etc. You can choose to organize your debts by: fastest payoff first, highest interest first, lowest balance first or highest balance first. Then you can change how much money you want to pay off each month for these debts. Depending on the amount you choose MoneyDesktop tells you when you will be debt free.
Another tab MoneyDesktop offers is the Trends tab. It is an easy way for you to measure how much money you spent in the last 6 months in categories. These categories include travel, food and groceries, home, health and fitness, auto and transport, and more!
With all of these features and more available on MoneyDesktop, budgeting your money has never been easier. To access it login to Online Banking on bscu.org. Once you’re in click on the MoneyDesktop tab at the top of the page. To start, add accounts for your other financial institutions including credit cards, investments, and mortgage. From there you’re all set to use MoneyDesktop!