Like many financial services, HelloWallet will alert you if you’ve gone over a budget target. Let’s say you only want to spend $300 per month on groceries. It’s helpful to know when you’ve gone over that so you can adjust your spending the following month to stay within your target.
But imagine if you could know in advance that you were GOING to go over budget, and take steps to make sure you don’t? We think it’d be pretty great, and we recently launch new alerts that do just that.
Midway through each month HelloWallet will analyze your spending to see if you’re on track to go over the budget targets you’ve set for discretionary spending categories like coffee shops and restaurants. If you are, we’ll send a message right then so you’ll have enough time to do something about it before the end of the month.
You can turn these messages on or off with the Alerts settings.
We know our members are working hard to make smart financial choices and we’re committed to providing innovative tools to help. We’d love to hear what you think of this new feature in the comments below or by email to firstname.lastname@example.org.