If you use FinanceWorks in Online Banking, then you’re in for a real treat. On March 13, the product will switch over to a new tool known as Money Management.
Money Management improves upon the budgeting features you know and love from FinanceWorks, while providing even more control over your accounts and budget. (Plus, there are a TON of new visual graphs we think you will really like.)
Come take a tour with us!
The new Transactions screen displays an aggregated view of all your financial transactions. You can filter the results and see all tax deductible transactions for easy access later. You can also add manual transactions to the list and export to a .csv file for use with Microsoft Excel.
The Spending graph provides a visual overview of how you spend your money.
The Budgets tool visualizes your expenses so you can easily see where your money is going.The Trends feature shows a visualization of how you’re spending your money over time. From here you can create a debt payoff calendar.The Debts tool allows you to manage a debt plan based on your liabilities and includes a projected debt payoff calendar.
Most account information from both Consumers and outside accounts will carryover automatically, including names, account types and balances; however, there are some limitations you should be aware of:
- Up to 18 months of transaction history will be migrated
- For security reasons, outside account login credentials won’t be migrated; you’ll have to reenter this
- Transaction categories won’t be migrated; instead Money Management will auto categorize these things
- Budgets, goals and alerts will not be migrated, but may be set up within Money Management
Please note: Money Management is not accessible through the Consumers Mobile App, but is viewable on your smartphone when you access the full Consumers website.
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