Money Management

Track your finances in one convenient location

Money Management is a best-in-class, free personal online financial management tool that helps you set and reach your financial goals. It is like having your own personal financial assistant, showing where you spend money and how your savings are growing. All you need to do is log in to Online or Mobile Banking to access it.

Making it Easy

Managing your finances is crucial to your financial success. It very important, but that doesn’t mean it has to be difficult. Money Management makes it so easy to keep up with not only your Sharonview accounts, but it also allows you to bring in external accounts, like other credit union accounts, bank accounts, investment accounts and more.

Benefits of Money Management

• Quick access from Online Banking and Mobile App
• Better understand your spending
• Easily create a budget and budget tracking
• Keep up with your investments portfolio
• Be aware of interest rate costs
• Set up credit card pay-off timelines
• Receive spending alerts
• And so much more

Getting Started with Money Management

1. Link your external accounts
   Add accounts from other institutions so you can view your whole financial picture in one place. Nearly any financial account can be linked! Checking and savings accounts, investments, credit cards, loans, mortgages and other lines of credit can all be added. You can also easily track Cash or Property values by adding manual accounts.
   
   Tip: Property accounts are important in Net Worth for tracking your high-value assets, such as your house or vehicles.
   
   
2. Review your transaction history.
   Transactions will be automatically cleansed for readability, and categorized to make it easy to see where your money is going. However, not all transactions can be automatically categorized, so it’s important to review your transactions regularly. For example, checks and ATM withdrawals will be left “Uncategorized,” and you will be prompted to assign a category for such transactions. Make any changes necessary to ensure your spending data is complete and accurate.
   
   It can be helpful to review your Spending chart after reviewing your Transactions. You will better understand how your transaction categories influence your financial reports, and can often reveal spending details that need to be re-categorized.
   
   
3. Set up a budget.
   A budget makes it easy to visualize how much you’ve spent and how much money you have left for the month. Select “Auto Generate Budget” to let Money Management calculate your average monthly spending in each category for the last two months with complete data. This gives you a realistic starting point for your budget.
   
   Tip: An auto-generated budget will be more accurate and helpful if you first add any outside accounts and review your transactions so that your budget calculations are based on a full and complete spending history.
   
   
4. Stay in the loop.
   Alerts can keep you notified of important things happening with your accounts, like a low balance or upcoming debt payment.