Grow Financial Federal Credit Union
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May 13, 2021

How to Use the Budgets and Savings Goals Tools in Online Banking

Many of us can be doing more when it comes to managing our finances. As of July 2020, only two-fifths of Americans reported that they use a personal budget monthly.1 By adding intentional budgeting and goal setting to your life, you can jumpstart your savings, pay off debt more quickly and make better progress toward your financial goals. If you use Grow online or mobile banking, we’ve got two convenient tools available to help you budget and save. Check out our Budgets and Savings Goals tools.

Monitor spending with the Budgets tool.

Need a little help tracking spending? Try the Budgets tool! You can create personalized budgets for each of your accounts and watch where your money is going, whether you’re spending it on food or gas or birthday shopping.

To get started, log in to Grow online or mobile banking, select Financial Planning from the main menu then choose Budgets. You’ll be able to create a custom name for your budget and select which of your accounts to use. You can input your expenses and income and create unique budget categories that meet your individual needs, like rent, groceries, auto insurance and more.

Need more help getting started with your budget? Learn the basics of budgeting.

Reach your goals with the Savings Goals tool.

We know you have big financial goals, so odds are you save your money for more than one thing at a time. Maybe you have an emergency fund and a travel fund, or maybe you’re saving for a car or your holiday spending. Whatever your goals may be, we can help you manage them with the Savings Goals tool. You can even use the Savings Goals tool to plan and track multiple savings goals within multiple savings accounts.

Once you log in to Grow online and mobile banking, select Financial Planning from the main menu then choose Savings Goals. You can create custom goals, categorize them and set dollar amounts you’re planning to save.

Saving money toward your goal is simple. Just select the Add Funds button and choose the amount you’d like to transfer to your savings account and which account you’d like to use to fund the transfer. Then, watch your progress as you go from $0 all the way to your goal! It’s that easy.

We designed these tools to be easy and convenient to help you on your financial journey. Start using the Budgets and Savings Goals tools today!

1Statistics provided by Clutch survey completed July 7-11, 2020. Accessed April 29, 2021.
2Additional data charges may apply when using apps. Please see your wireless carrier for more information.

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