For many of us, balancing a physical checkbook has become a thing of the past. However, we still need to keep track of our money. Yet, it can be challenging to keep track of our expenses and multiple bank, credit card, and investment accounts—especially when we’re on the go. So, if you are looking for a simple way to keep track of your personal finances, you may want to consider some of OSB’s electronic financial management tools. Using these tools can not only help you stay organized, but also provide you with insight into your spending patterns which can also help you budget and manage your money more effectively.
OSB Mobile Banking App
As an OSB customer, one of the first financial management apps you should consider is our own Mobile Banking smart phone app which helps you manage your deposit and loan accounts without having to be at a computer or one of our branches. The OSB Mobile Banking app allows you to view account balances and your recent transaction history; transfer funds between accounts; pay bills; and find ATM and branch locations.
The app also features Text Banking which allows you to view account activity via texting short codes for even quicker access to account information. For example, texting “B” will reply with your current account balance.
In addition, with the OSB Mobile Banking app you can sign up for Notify Me Alerts which send text or email notifications about your account status, check and deposit clearing activity, or if your balances rise or fall below an established threshold. You can also receive notifications about account-specific security information.
Personal Finance Manager
OSB’s Personal Finance Manager is a web-based financial management dashboard that allows you to consolidate and track financial information from your all of your online banking accounts. With Personal Finance Manager, you can create a comprehensive view of all of your financial relationships in one secure place—making money management easy.
This tool allows you to link your online banking accounts (even those not at OSB), to create budgets and track spending, as well as managing debt. Personal Finance Manager can also be used to help manage business accounts and financial information. In fact, if you own a business, you can incorporate all of your business and personal accounts into one dashboard view, giving you a complete picture of your finances.
Don’t Forget to Manage Your Credit, Too
The above web-based tools are effective for managing your accounts and overall spending. Remember, keeping an eye on your credit is also important. In addition to the big three credit reporting companies (Experian, Equifax, and TransUnion), there are several other subscription-based credit monitoring options on the market such as Credit Karma and Credit Sesame that provide your credit score and recent activity, such as credit account balances, inquiries, and other data.
Using an app to get a handle on your personal finances can be a smart move, and apps can make it easier to manage your money when you travel and when you have many accounts at different institutions. One last tip: If you do decide to use one or more apps listed in this article, or you use a different one, be sure that the devices that you use to access your apps are password-protected to keep your sensitive personal and financial information safe.