You have a busy life. Whether you’re going to school, advancing in your career, raising a family or all the above, it can be hard to stay focused on your finances. But paying more attention to how you manage your money today can lead to a better lifestyle and more financial security tomorrow. iMoney from Ion Bank makes it easy to stay on top of your finances.
iMoney is an online money management tool designed to fit your busy schedule making financial decision-making fast and simple. Because iMoney is built right into Online Banking, you can easily access it anytime, anywhere.
As a powerful money management and budgeting tool, iMoney can help you:
1. Create a Personalized Budget
There’s lots of advice out there about how to structure a budget. One popular suggestion is the 50/30/20 rule, which advises using 50 percent of your after-tax income for things you need like housing, 30 percent for things you want like dining out or streaming services and 20 percent for savings or paying down debt.
While this is a good guideline, no budget is one-size-fits-all, which is why iMoney was designed to automatically create a budget just for you, based on your unique transaction history. You can also adjust your budget based on your needs and priorities. And iMoney’s “bubble budget” visualization makes it easy to monitor your spending in real time and make changes when needed like trimming down a type of expense or setting aside more for savings.
2. Make Sense of Expenses
If you’re like most of us, you probably have many financial responsibilities – rent or mortgage payments, groceries, childcare, and the list goes on. iMoney makes it easy to plan for these different expenses by showing you all your Ion Bank and outside accounts in one place, with just one login. See real-time balances and transactions related to your bank accounts, credit cards, auto loan, mortgage and more, so you can make informed decisions quickly.
3. Look into the Future
Will buying that new pair of shoes put you over your budget? Can you start adding more to savings? Do you need to move funds to pay an upcoming bill? The right budgeting tools make it easier to answer these questions and ensure your money is being put to the best use.
iMoney’s Cash Flow tool gives you a very well-informed look at what’s around the corner. By tracking previous income and spending trends, this powerful function can estimate your cash balance up to six weeks ahead. And, if you’re not happy about what you see, changing your spending habits now could make a big difference later.
4. Take Steps to Conquer Debt
Debt is a reality for many, but it doesn’t have to be permanent. With iMoney’s Debts tool, users can see all their outstanding debts in one place and create an expedited yet budget-friendly strategy to pay off debt faster while minimizing how much interest you pay.
5. Set Goals – and Go After Them
Your biggest goals – whether a comfortable retirement, sending your kids to college, or taking a dream vacation – often come with a big price tag. They also may require long-term planning. Use iMoney’s Goals tool to visualize your short- and long-term financial goals to guide your budgeting and track your progress in reaching savings, pay off debt and retirement goals.
After all, budgeting isn’t just about managing money today; it’s about making the most of tomorrow.
iMoney is a secure online personal finance tool designed to help you make the most of your time and money while building a stronger financial future. It’s easy to set up, easy to use, and free for Ion Bank customers. Learn more and start using iMoney now.