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Thanks to innovative technology, online and mobile banking is more convenient than ever. However, many people don’t realize they could make managing their finances even easier by utilizing specific digital tools within those platforms. For the Syracuse area and Central New York, Pathfinder Bank has assembled such applications to help streamline customers’ personal finance needs.

As Pathfinder Bank explains, helpful financial services are more accessible than many people think. Individuals looking to maximize savings and reduce debt have many options for simplified money management through the institution’s digital banking platforms. From assessing earnings and spending to the aggregation of banking information, there are many steps people can take to make the most out of their banking experience.

Establishing a Budget

A crucial step in organizing personal finances is creating a budget. Many people are aware of the importance of tracking and restricting spending, however, they might not be confident enough to tackle one for themselves. Whether a person is looking to save for an important investment or change their spending habits, budgeting doesn’t have to be a difficult task.

Using accessible technology, Pathfinder Bank offers helpful features to tackle budget planning, like personalized spending categories. The Bank’s digital personal banking platform offers customizable and interactive tools to help customers visualize where their money is going. By providing such dynamic insight into personal finance, individuals can easily identify spending issues and begin to form better habits.

Setting Goals

The next step, once a personal budget has been determined, is to set identifiable goals. From paying off debt to saving for a specific purchase, it’s easier to achieve success by setting practical goals to keep in mind. For example, establishing a certain amount of debt to be paid off within a specific timeframe will allow an individual to easily follow the progress as it is made. Similarly, by identifying a target amount to save up to, people can gauge any developments along the way and tweak their lifestyle as necessary.

Regularly Assessing Spending and Saving Progress

One factor that makes both of the aforementioned tips easier is frequently tracking personal spending. To adhere to a budget or savings goal, it’s important to check in on progress with regularity. Luckily, tools like Pathfinder Bank’s Personal Finance make spending assessments not only possible but easier than ever.

This user-friendly interface is available to all Pathfinder Bank customers through personal online banking. Additionally, after enrolling, it can even be used through the Pathfinder Bank Mobile App. The goal of such heightened accessibility to personal financing tools is to allow for frequent identification of spending practices, even on-the-go.

Visualizing Financial Information

“Out of sight, out of mind” is an idiom that can often be attributed to the way some people manage their money. Whether this is due to busy schedules with work or family, or simply preferring a particular app over another, ignoring certain facets of personal finance can have noticeable financial consequences.

One dynamic response to this problem is visualizing all open accounts at once. Linking accounts from multiple banks allows individuals a greater scope into their overall finances, rather than accessing information in segments. For example, users of Pathfinder Bank’s personal finance tool can aggregate accounts from most financial institutions. This broad oversight offers a look into a person’s financial trends as a whole, offering insights that might not be available when assessing accounts separately.

To learn more about these personal finance tools, contact Pathfinder Bank today.