Because everything is tagged on your Money Dashboard it’s really easy to set a monthly target for spending. You can see how much is regularly going towards things like insurance, your mortgage, pensions, the kids’ nursery and travel expenses. And you can budget how much cash you will need each month for daily expenses too.

Once you have the basics sorted, it can be fun planning how much you’re going to spend on clothes, holidays and eating out, for example. You can make sure you can set up a savings budget too.

That means that when you do spend your hard earned cash, you know it’s within your budget, so there’s no need to feel any worry or pangs of guilt.

Your Money Dashboard helps you stay alert at the wheel and save for the future

There’s no point setting a budget if you don’t monitor it. With our Monthly Tracker tool, you can see how you’re actually doing compared to the budgets you’ve set. The Monthly Tracker produces charts that will help you answer three important questions:

• How much money will I have left at the end of the month?

• How much of my predicted budget have I spent in each category?

• Where have I blown my budget?

We can all go over budget at times, which is why your Money Dashboard also lets you set up alerts to tell you when you’ve overspent. This gives you the chance to log on, find out what’s going one and come up with a cunning plan to get yourself back on track.

Nobody wants their financial engine to overheat and that’s why budgeting with your personalised Money Dashboard makes sense. It helps you stay on track and save for the future.