Master Card Money Manager Helps You Budget Your Expenditure
Credit Card | October 27, 2009 at 1:32 amIf you thought credit card companies are clever, money-making organizations that cash on your weakness for spending and loaning, you are mistaken for once. Here’s a company that helps you in actually budgeting your credit card debt so that you don’t fall into hassles with repayment of the money loaned. MasterCard has come up with its Money Manager which is its web-based personal finance and budgeting service. Now, have you heard about any credit card company do this before? I’ve seen credit card companies devising ways in which they could make you spend more and depend on them for finances. But this is one company that is actually acting as a mentor in your money crediting patterns so that you develop good crediting discipline.
According to Consumer Loan Wire, Keith Sultemeir, CFO security services & Executive Vice President of Security Service, says, “MasterCard Money Manager provides our members with a simple and convenient way to create a budget and then track how and where they are spending,” “Especially in today’s economic environment and as we approach the start of the holiday shopping season, we’re excited to be able to offer our members more control and greater financial management capabilities simply by using their debit card.”
With the Money Manager, you can organize your expenditure in a methodical manner. Make categories of your expenditure so that you can track the points where you are spending the most / least. Earlier, after signing on a consumer transaction, you might not have got the opportunity to review the deal. But here you can review all your transactions that you’ve made up to a particular date and keep a record of your deals. PIN- based transactions are also covered by this. You can compare your actual spending with the created budget to see how much you are in line with the latter. A big deviation calls for attention to the reasons for the deviation.
Money manager helps you in tracking your credit card expenditures not only on one card, but a number of cards. Budgeting your domestic expenditures becomes an easy task with the Money Manager. You can track your expenditure on a daily, weekly or monthly basis. The information on which you can sort out your transactions is your name, your card number, the date of transaction, merchant category, card number and merchant location. The Money Manager Application is highly interactive too. It is designed for managing your domestic 
expenditure with ease.
According to MSN Money, Patricia Preston, senior VP, USDPMD, MasterCard Worldwide, “As consumers increasingly seek greater control and visibility into their spending, MasterCard Money Manager provides an intuitive and simple to use way to manage and assess an individual or household budget. The financial management tool is the latest MasterCard innovation designed to help financial institutions offer superior products that add value and make life easier for their customers.”
According to an infographic from Billshrink easy availability of consumer credit owing to plastic money has been seen to be the biggest reason for people saving less through the years. Master Card’s Money Manager is sure going to wipe out the black mark that crediting companies have acquired for making their users spend more. In the present economic times, when you want to save up every penny doesn’t Money Manager come as a boon to you?
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