Monitor Your Money

Interactive Video

[A couple sitting in the kitchen looking at a small piece of paper together.]

[Picture of a man showing his pockets are empty with the text, “Where’s your money?”]

Narrator: Do you know how much money you spent last month? Or how much money that you have in the bank right now? If the answer is no, to either of those, you’re not alone.

[Hands holding a tablet with an online banking app on the screen..]

According to a survey by Intuit, most people have no idea how much money is coming or going in their bank accounts. [The text appears, “Most people aren’t tracking their bank accounts.”] 

[Pie chart showing 33%]

And on top of that, only one third of people in our country check their bank accounts daily.

Keeping tabs on your money situation is extremely important. [Cash register icon with the label “spending” appears.] It makes you aware of your spending, [money bag icon with the  label “transactions” appears] highlights transactions that you might not know are costing you so much, [detective icon with the label “fraud” appears] and it can also help you identify any possible fraud issues quickly.

[A graph showing a 16% increase in bank fraud.]

According to the Federal Trade Commission, bank fraud has been on the rise dramatically increasing 16% in 2022 when there were more than 62,000 reports. 

[A magnifying glass inspects a banking app with a balance of $1,234.]

So, keeping an eye on your accounts not only keeps you in the loop about how much money you have, but it also helps protect it. [$100 is added to the account balance bringing it to a total of $1,334 and a shield appears next to it.]

[Hands holding a tablet with an online banking app on the screen.]

Better to be safe than sorry, right?

[A couple sitting in the kitchen looking at a small piece of paper together.]

Keeping an eye on your accounts regularly is hassle-free and worth the time you spend. You work hard to earn your money. It’s worth investing a little time to keep tabs on your money and know where it’s going. [Clothing, tools, and grocery icons appear.]

[A man is scratching his head in confusion as he reviews his account online.]

If you’re scratching your head about where all your money is going, you can use your account activity and statements to analyze what you’re spending. [A bank statement appears.] 

[The same man is looking intently at the screen of his smartphone.]

At first glance, you may cringe at your spending patterns but facing them is the first step toward changing any bad habits!

[Image a banking app icon]

When you take a close look at your spending, you may expose impulsive and wasteful spending. [The text “impulsive and wasteful spending” appears on the screen.] You might even be surprised at how you’re spending your money. [Three icons appear: sports, events, and fast food.] Some habits could be holding you back, and if you know about them, you can start making some changes.  

[A pie chart showing one half of the budget for bills, one-fourth for savings, one-eighth for groceries, and one-eighth for wants.]

If you want to take back control, consider using a budget (and sticking to it) to get back on track financially. [The text “budget = on track financially” appears.]

[A couple sitting together looking at a laptop with several bank statements on the table in front of them.]

When you monitor your account activity, you will simultaneously gain a deeper awareness of how much money is coming in and going out. [Cash moves in toward the couple’s computer and then moves from the computer out.] You’ll also notice when something seems “off.” [Image changes to the couple carefully looking over their bank statement.] You can keep an eye out for banking errors, potential theft, or fraud. [The text “banking errors, potential theft, fraud” appears with an icon representing fraud.] The best way to protect your money and personal data is to be familiar with the daily account activity.