November 15, 2019

The holidays are upon us which typically means an increase in spending. A study by the National Retail Federation estimates that consumers will spend more than $1,000 this time of year. Whether it’s buying holiday decorations, gift giving, or even how much gas you use while out shopping, the holidays can destroy even the most avid budgeter’s plans. 

The good news is that 1st United offers a tool to help members avoid overspending while still enjoying the season. It’s called Money Manager and it’s already available for you to use.

‘Tis the Season to Spend Responsibly

Money Manager puts you in control of your budget. By setting up “spending targets,” you can determine how much you want to spend in different categories and Money Manager alerts you if you are nearing your spending goal. You can set spending targets for everything from dining out to travel to gift giving. 

Money Manager is already built-in to online and mobile banking and it syncs with your account activity – even those at other financial institutions. Once in place, spending targets could keep you grounded when the festivities ramp up.

Give Yourself the Gift of Controlled Spending

Creating spending targets is quick and easy. Here’s how:

  • Log in to online or mobile banking and select Other Services > Money Manager
  • Visit the Budget dashboard and select Add a New Spending Target
  • Fill in your spending target details by choosing the tags or categories you would like to track (i.e., Dining Out, Fast Food, Clothing), naming the target (i.e. "Dining Out"), and setting a monthly spending limit. 
  • Choose if you want to receive text or email alerts when you are nearing or exceed your spending target
  • Finish up by clicking Add Spending Target 

Make it a Season to Remember

Take a few moments to set spending targets before the holidays are in full swing. They will help you make the holidays great without breaking the bank. If you need help with Money Manager or budgeting in general, simply call (800) 649-0193 or stop by any branch.