It's nice to keep track of cash spending visually
There’s a cool new-ish feature for Wells Fargo online. It is called, “Money Map” and you can find it in the tabs when you check your Wells Fargo online personal accounts. It is nice because it visually helps a person keep track of budget items.
For example, I noticed that I haven’t been using my Starbucks card because last month money was really tight. So I was using cash and wanted to minimize my latte intake. (YEAH RIGHT, that didn’t workout very well)
But instead I’ve actually been consuming more latte’s than a latte disposal machine. So what’s been happening is that I’ve been using cash to buy lots of latte’s.
One thing that I like about Money Map is that is graphically showed that I was using more cash. This made me think, “Ok, I need to probably start using my Starbucks card again because I’m missing out on the free drink after 15 starbux drinks.”
Times are tough lately, and being able to track spending is a smart thing to do. If you click on the different bar graphs on the right, it will give a detail on the purchases on that category.
Last thing, there is a “My Spending Report” that shows a line that is the monthly average. It shows when you are going way over the normal amount of spending. For me that was March. That was because I was finishing my last couple classes of school and I had to basically pay by check. Even though it was a State University it still cost me over $1,500 for registration/tuition alone. This isn’t counting books or fuel for transportation.
So overall this is a nice addition to Wells Fargo’s online banking interface. Hopefully they can keep useful items like this cooking…without crowding or over-complicating the user interface.
-Tyler