Wednesday, October 30, 2013

Where Did All My Money Go So Fast?!

Ever check your bank account at the end of the month and wonder how in the world you could have spent so much money in the past few weeks?

     Bumble Bee Bank has just launched its new online Spending Plan and Money Manager services, available through the mobile app and the website

     I know from experience that expenses such as car, mortgage, and student debt payments or cellphone, internet, and cable bills stack up and it feels like the money I worked so hard so flies past my eyes and into someone else's hands. 

     The Spending Plan creates a realistic budget individualized to meet your specific lifestyle. The plan works by suggesting spending categories that most people use, such as entertainment, online services, gasoline, electronics, healthcare, and miscellaneous expenses. With those categories in mind, you can customize your own categories and designate an amount you are able to spend on each for either a week or month's time. 

     Every time you use your debit or credit card attached to the plan, Bumble Bee Bank will organize the purchase into its belonging category. It is also possible to manually enter the purchase into the correct category. Once each purchase or expense is paid, the target amount left in each category decreases. You can view your progress as an overview of the budget or in specific categories. This is an example of what my overview budget looked like in August:


     The Money Manager works in sync with the Spending Plan. All expenses and purchases are categorized and put into a pie chart to get a visual sense of where your money goes.





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