Smart Ways to Manage Your Money with Bank Budgeting Tools

Managing money can be tough, but some banks make it easier with built-in budgeting tools. These tools help track spending, set savings goals, and even categorize expenses automatically. This means no more manual tracking or guesswork.

Ally Bank

Great for Savers

• Create "buckets" to organize money for different purposes
• Automatically sorts spending into categories
• Offers savings buckets for specific goals

Bank of America

Digital Tools with Physical Branches

• Virtual assistant named Erica to help understand spending habits
• Makes budgeting easier and more interactive

Capital One

Perfect for Cutting Unnecessary Expenses

• 360 Checking account monitors spending
• Cancel upcoming subscriptions right from the app
• Chat with Eno, their virtual assistant, for updates

Chase

Dedicated Budget Section

• Set spending limits
• Get visual insights into spending habits
• See where your money goes each month

Huntington National Bank

Comprehensive Spending Tools

• Spend Analysis and Spend Setter to track spending and set limits
• Considers credit card spending, not just debit card
• Look Ahead Calendar shows upcoming payments

Regions Bank

Complete Financial Overview

• My GreenInsights platform connects all financial accounts
• Cash Flow and Cash Events tool predicts future expenses
• Based on past spending

SoFi

Ideal for Multiple Financial Products

• Link checking accounts, savings, credit cards, student loans, and mortgages
• Comprehensive overview of finances

Wells Fargo

My Money Map Tool

• Spending reports, personalized budgets, and savings goal monitoring
• Automatically tracks and categorizes expenses
• Provides visual analysis to help stay on track

Choosing the Right Bank Account

• Consider features like visual charts, goal-based savings, or comprehensive account integration
• Think about other factors like fees, branch access, and overall banking services