How to track your spending with NAB
How to track your spending
National Australia Bank has added a budgeting tool named Money Tracker to its internet banking site.
The new feature allows customers to watch where, when and how they are spending their money.
It will also enable them to set budgets and track against them and set up savings goals and savings forecasts. Money Tracker automatically categorises spending into things like groceries or eating out.
It will also "learn and remember" any changes made by customers for similar transactions in the future. It can also suggest budget targets tor customers based on previous spending.
Investors can see the big picture
MyWealth, a new website from the Commonwealth Bank, enables people to do their banking and investing in the one place.
CommBank customers can buy shares, funds and fixed-interest investments and receive tailored news feeds based on their investments, as well as get a "big picture" view of their overall wealth.
CBA claims mywealth.commbank.com.au is an Australian first in terms of integrating investment information, wealth management tools and online banking into the one service. It is aimed at self-directed investors.
The site can also be used by non CommBank customers in a limited way to create investment watch lists, access financial news and participate in forums.
Further down the track it is expected that superannuation, insurance and other services available from the broader CommBank stable will be integrated into the site.
Top online broker
Bell Direct has been voted the winning online broker with the highest overall client satisfaction in the latest online broking survey by Investment Trends for second half of 2012.
The 13,459 Australian investors also rated Bell the market leader for value for money, customer service, company research and mobile phone app. Bell was followed by CMC Markets Stockbroking, CommSec and E*TRADE.
CommSec continues to dominate the online brokers with 49% market share followed by E*TRADE with 17%.
The number of online traders slipped by 11% from 615,000 to 550,000 as confidence about investment markets dipped in the second half of 2012.
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