In new Internet Banking, you have the option of turning on a Savings Goal for your accounts, so you can get a sense of momentum and visual progress as you get nearer and nearer to 100%.
A little known tweak on this feature, is that you can also use Savings Goals as budgeting tools.
Here’s an example:
I have a bills account that I put $100 into on pay day and spend throughout the fortnight on various things that come up.
To help me keep track of how I’m going at a glance, if I put a savings goal of $100 on this account, then on payday it will be at 100%, or ‘fully topped up’.
Now as I drag money out of this account to spend, I can see the goal indicator going down which gives me a quick understanding of how far through my bills money I am (sigh…, but good to know).
Give it a try and let us know if it works for you.