Money comes in, money goes out but are you in control? (ID 7525)

Money comes in, money goes out but are you in control?

June 7, 2014

Managing money when Mr Boo and I first moved out and bought a flat together was difficult. In some ways we were lucky in that I worked shifts so if we needed something fixing or a new appliance I would simply work a few extra shifts to earn the money needed. It wasn’t exactly budgeting but it worked, however when I changed jobs and started a salaried post there was no opportunity for extra hours or extra pay and this was when we struggled to make sure we had enough money left after paying bills etc. to survive for the rest of the month.

Fast forward a few years and we had our children, our home and jobs, however Mr Boo was made redundant back in 2012 and our lives where turned upside down. At the time it was a really stressful and heartbreaking time but when I think back now I can see that this was the shake up that we needed. We had become complacent, spending money without really thinking about what was left in bank and what bills were still to be paid. Within a week of Mr Boo being made redundant we switched our bank account, cancelled unnecessary direct debits, started to look at our phone, utilities and insurance providers to see whether we could save money.

Unlike all the previous positions Mr Boo has held before he gets paid every four weeks, which is great at the beginning of the year but it slowly creeps towards mid-month and eventually to the beginning of the month throughout the year. With the majority of bills set to be paid on a set date each month it has taken some getting used to and can catch us out if we haven’t made sure we have left enough for the direct debit date.

Multiple Accounts

Having switched all our accounts to one provider to make sure we were on top of our finances we are in the position we can see everything on one screen, the incomings and outgoings throughout the month. Bank loyalty however is unusual and with many families having several accounts over different providers it can be difficult to see where all your money is going. The Money Dashboard is a free app that can help you manage several different accounts in one so you can see at a glance what money is going into your accounts, where you are spending your money, and most importantly how much you have left to spend.

Why use Money Dashboard?

Instant access – see all of your online bank accounts in one single view, with one single password, on all of your mobile and desktop devices
Transaction tagging – see exactly how much you’re spending (and overspending!) on a daily, weekly and monthly basis, whether that’s on groceries, daily travel, household bills, and even nights on the town, all with our intelligent auto-tagging feature
Easy to understand – visual charts and graphics help you make sense of your spending, giving you a clear view of your finances
Quick and secure – sign up in seconds and securely connect your accounts, all from the palm of your hand. We provide bank level security to protect your data, and because Money Dashboard is a ‘read-only’ service, your money is 100% safe and secure

Money Dashboard - Press thoughts

Download the app from the Apple Store or Google Play

If only we’d known about this app we could have saved ourselves lots of time and effort switching all our accounts, direct debits and salaries to go into one bank.

How do you keep on top of your accounts?

Disclosure: This post is brought to you in collaboration with Money Dashboard

  • Jane English June 9, 2014 at 12:21 pm

    I must admit until a couple of years ago we was the same, never bothered looking if we had the right tariff for our bills etc, but now we regularly change gas & electric suppliers, we’ve changed phone & internet at least twice, banks a bit harder as we really on have one branch near to us & I’ve been with this bank since I was in Junior school! It is something we need to look at as hubby banks on line (I’m not confident enough & it’s a joint account so don’t see the use of giving the hackers twice the chance to break in) but going into the bank is like seeing friends they ladies that work there have all been there a few years & they know me & hubby, but it is coming the time to change.
    Thanks for the info. Very useful post.

  • otilia June 9, 2014 at 6:39 pm

    I must agree this looks like a great tool to manage your money incoming and out coming. Heading over to apple store to download toox

  • Cass June 9, 2014 at 7:54 pm

    This looks fab – anything that helps is a good thing!

    Thanks for sharing x x

  • Liz Burton June 9, 2014 at 8:12 pm

    This looks really interesting! I literally have NO idea where our money goes!

  • Nikki Thomas June 9, 2014 at 8:47 pm

    That is a great looking app, I could do with something like that as I am always wondering where it all goes

  • Penny Carr June 9, 2014 at 9:48 pm

    We try to keep on top of all our incomings (not many) and outgoings (far too many!) but have to admit that with two small kids we’re not always as on top of it as we should be. This looks like a very good way of bringing everything into one place though. I will be investigating further.

  • Jane June 9, 2014 at 9:54 pm

    This looks like a great tool – am off to sign up!

  • Pinkoddy June 10, 2014 at 2:45 am

    What a great tool. We are terrible for having our money spread out.

  • Clare June 10, 2014 at 7:08 am

    I was always hopeless at money management however I’m now a lot better and will happily shop around for offers

  • Hannah Budding Smiles June 10, 2014 at 7:14 am

    I think this is a good idea if you have multiple accounts. With me about to go on to maternity pay, money will be tighter and it’s freaking me out a bit! Thanks for the helpful post xx

  • Mammasaurus June 10, 2014 at 8:27 am

    I’m awful with money, seriously there’s not an app alive that could save me – Papasaurus deals with all that side of things, and I concentrate on the fun things 😉

  • there and back again... a mother's tale June 10, 2014 at 10:08 am

    I could really do with reviewing our finances soon, great post!

  • Kanchan June 10, 2014 at 10:01 am

    That was a really useful post, so glad I came across it! I could really use this app as I’m very haphazard when it comes to money management and could frankly do with some help getting organized!

  • Victoria Mylittlel June 10, 2014 at 1:10 pm

    seems like a useful app but im not sure i would like to have my bank detail saved on app

  • Mummy Glitzer June 10, 2014 at 3:38 pm

    We are really poor at managing our finances. I often try to write everything down but then the husband will buy something and throw the receipt and I get fed up!

  • Penny A Residence June 10, 2014 at 6:27 pm

    Great idea, I used to monitor all my accounts through egg and it was so easy,

  • becky June 10, 2014 at 5:30 pm

    Seems very useful anything to help people manage their cash

  • You Baby Me Mummy June 10, 2014 at 6:32 pm

    I am terrible at the moment, I just buy what we need and hope my card doesn’t bounce before the end of the month! This looks fab x

  • Californian Mum in London June 10, 2014 at 8:25 pm

    What a great app. I feel like I need to get a better handle of our budgeting

  • Rebecca June 10, 2014 at 9:07 pm

    Oh I really need this. I’m really not in control of our finances at the moment and I really should be.

  • Bex June 10, 2014 at 9:30 pm

    This is just what we need! Money is always a difficult issue so it hels to have it so straight forward I think

  • Little Mans Mum June 10, 2014 at 10:40 pm

    God I need something like this, I’m still awful with money, although I’m better than I was, I blame the pretty dresses!

  • Jen aka The Mad House June 11, 2014 at 12:41 pm

    I have been using this for the last month and love it

  • Phoebe June 11, 2014 at 6:47 pm

    I’m not sure there’s an app out there that could save me, but this looks useful and I’m sure it’ll help lots of (other) people!

  • Helen June 12, 2014 at 1:28 pm

    This is something that we have started to look into again – especially as my income is quite sporadic now. Interesting read & app.

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