When I was still in my country I noticed that one of my chores once in Canada was going to be “Open a Bank Account”. Simply because you have to put your money somewhere safe (are banks safe? mmmhhh) well… somewhere and it also helps you build your credit history, you will have access to cheques and credit cards, etc.
At that time, the only bank I knew was helping newcomers to do that, was RBC. So, since 2005, I am a “just satisfied” RBC customer. they are not bad, it’s a big, important bank, but we had gone through some stuff in this past five years.
I’m also a compulsive buyer and sometimes I spend more than I should. To help me track my expenses, sometime ago I designed a Google Docs Spreadsheet where I write down every single expense every single day. It helps me see how much I’m spending, how much I use in Credit Cards and in cash, if I’ve spent more of what I earned (or not), if I was able to save a few bucks (or not).
Today, I received an email from RBC announcing a new tool called “myFinanceTracker“. I used it for a few minutes and I completely loved it! Let me tell you a bit about it!
myFinanceTracker: Finally the tool I was looking for… it seems.
myFinanceTracker tracks all your RBC accounts “ins and outs”, puts them into categories and shows you not only how much you’ve spent (you already know that!) but in what categories, month by month or day by day along with very neat graphs.
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You can also check the expenses on particular categories with just one click…
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As the expenses may sometimes fall into the wrong Categories, the application allows you to create your own ones or override the rules it has by default. For example, I want my Canadian Tire MasterCard payments to be in the “Credit Card” expenses category and not in the “Automotive” one. For that, I just create a rule and run it.
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There’s much more than that and I’ll “play” with it in the days to come. It’s a nice tool to keep integrated to your Bank Account. Let’s see if I can add my own expenses, the ones made without using RBC and how flexible it is. If I find something useful, I’ll let you know.
Do you keep track of your expenses? How do you do it? Old school pen and paper? Excel? Nothing? Let us know in the comments!
PS: No. This post is not sponsored by RBC! Really!
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