Times are tight and as costs keep increasing it is important for us to track our spending. In this article I will explain my favourite online tool for doing this.
The Problem
I use a large range of financial institutions to manage my money, covering current accounts, savings and credit cards. I use a total of about ten accounts, keeping track of the balances isn’t much of an issue as I use First Direct Internet Banking Plus (free to all, not just customers). When I wanted to check my spending on the car over the last year, I realised that to work out the amount spent, I would need to go over transactions from three accounts over the last twelve months.The thought of gathering and totalling the transactions was too much, I needed a solution to this problem.
…and the Ultimate Solution
Money Dashboard makes the task of keeping on top of your finances ridiculously easy.
Money Dashboard connects to most popular financial institutions and pulls through all the transactions into one place. This is useful, but then it goes on to categorise the transactions it knows, and allows you to set up new rules for identifying transactions. Once transactions are categorised you are provided with a powerful dashboard to see where your money is going. My favourite feature is the ability to view future planned transactions and the bank balance on a calendar.
How to get started
- Sign up at Money Dashboard
- Connect with your banks
- Go through untagged transactions and resolve.
- View your dashboard and wonder how you managed before!
Access Money Dashboard on the move…
There are apps for Android and IOS allowing you to keep track of your finances from anywhere!
No app for your device? Don’t worry you can still access Money Dashboard without an app on the move.
Tell me what you think in the comments below or on X @timdixon82
