Did you know that less than 32% of Americans have or use a budget, according to a recent Gallup poll? To us that is shocking!
Even more shocking is just 30% of Americans have a long-term financial plan according to that same 2013 Gallup poll.
Luckily our clients do not have to struggle with budgeting or financial plans. Our eMoney client portal provides one of the simplest methods to track their finances and keep a budget that known to man!
Let us explain.
Over the past year, we have invited all our clients to set up a free eMoney personal client page, like the one below for this fictitious client.
Not only does this portal allow them to track their assets and spending but it allows us to work with that information and other adviser provided assumptions to help our clients with a long-term financial plan that is constantly updated, can be reviewed in real time and makes it easy to track progress (see InTrust Advisors Rolls Out eMoney for more information).
Once the client sets up the portal to pull in their account information from wherever they have a log-in and password, it will start to track and pull in their spending transactions automatically. That is right automatically!
It will also pull in account balances and activity automatically on such things as investments, savings, trades, and of course spending.
The client can then easily set up line item budgets to track their spending.
There are no receipts to input. There are no daily, weekly or monthly downloads. It all flows into eMoney automatically and without a cost to our clients.
If a client clicks on the client portfolio Spending or Budget sections they are taken to detail pages like these pages (below), where they can see in greater detail where they are spending their funds.
It is just that easy! A budget in as little as 30 minutes!
The great philosopher Dave Ramsey (sarcasm) famously said “You must gain control over your money or the lack of it will forever control you.”
Here is a great simple tool to do just that!
Interested in getting started? We offer the client portal to both clients and non-clients without charge. Give us a call or click here to get started.