Credit Union of Denver loves nothing more than helping their members succeed. That is why we provide our members with online budgeting tools like MX - MoneyDesktop.
MX online personal budgeting tools include features like Bubble Budgets, Expense Tracking, Debt Management, and more. Not only will you be able to see all your financial accounts, balances, and transactions in one place – but the data you enter is then graphically displayed making it a breeze to interpret. MX lets you put strategies in place to help reach your goals.
MX delivers a better way to budget. Visualize and interact with your budgets in a more meaningful way using bubbles! Since not all budgets are created equal, using circles or “bubbles” to represent different categories allows you to quickly identify areas that need the most attention.
At a glance, you will be able to determine a budget’s status by the color. Red means over budget, green means under budget and yellow means near budget. The size of the bubble indicates the amount or value of that set budget.
Get powerful insight on where, when, and how you spend your money. MX automatically categorizes and tracks your spending from all your accounts, so you can see where your money is really going. Unlike other spending pies, MX reinforces the parent – child relationship of categories, giving you in-depth insights into your spending habits.
MX allows you to create a customized financial plan that fits your lifestyle. It also helps you stay on track with a financial GPS that keeps you on the path to financial freedom and well-being. MX includes an updated data visualization that reflects debt details more accurately – allowing you to quickly see which debts are being paid down and how much longer it will be before they will be paid off. At some point in our lives, most of us have borrowed beyond our means. If you’re in over your head, MX is designed to give you step-by-step instructions on how to get out of debt and stay out for good. Now that’s nice support when you really need it.
The Net Worth app displays data that can be immediately actionable and motivating. It makes goal setting easy with visual cues that provide real predictability elements.
Retirement Focused Example: Input all your current savings/assets, approximate year of retirement then enter amount of money you anticipate needing in retirement and MX will give you a plan of action to reach your goals. The Net Worth app shows you a contextually accurate visualization of your assets vs. liabilities and although this can be a daunting report it immediately puts you in the right direction.
Login to Online Banking to start using MX - MoneyDesktop today!