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What is Money Management Tools?

Last month, UW Credit Union launched a new enhancement for Web Branch called Money Management Tools. It gives you a convenient, easy way to view information about where you're spending your money—in one place. Log in to Web Branch to check out the enhancements.

Money Management Tools can be useful in a variety of ways. For instance, if you find yourself occasionally overspending your checking account, just want to know where your money goes or want to set alerts for your accounts, Money Management Tools can help.

Here are some more tips about valuable ways you can use Money Management Tools:

Track Expenses

You can now assign categories (1), notes (2) and labels (3) to transactions to see where your money goes. Track how much money you spend on school expenses, on groceries, on dining out, an event or any category. Calculate how much you've paid your roommate for utility bills or how much cash you take out of the ATM each month. Remember, little things add up. Tracking your expenses can go a long way for maintaining a budget. Categories Video
Notes & Labels Video

View Reports

Once you've got your transactions categorized, you can then view the totals and percentages of each category. This can give you a better picture to help you understand your cash flow—income vs. expenses. Once you get a feel for where your money goes each month, you can determine what you need your income to be, be it from a job or your parents. You'll be able to make sure your income exceeds your spending, so then you can stay positive and establish good habits for the future. Reports Video

Get Alerts

Avoid overspending by setting a text message or email alert for yourself so you know when your balance reaches a certain minimum. Or, set up an alert so you know exactly when a certain check clears. This feature can also help you prevent overdrafts on your account. Alerts Video

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