Spending uses 3 key sections of information to help you manage your money.
This is your high-level cashflow information for the selected account(s). It includes money coming into the account and all expenses for the selected period.
Expenses coming out of the account are displayed. They’ll be automatically categorised as explained below.
This displays a list of transactions similar to NAB Internet Banking’s Transaction History.
The transactions will be listed under their expense category.
Each transaction is automatically categorised using our pre-defined category types. You can filter and search for your transactions within each category to make it easier to manage your money.
Here are some of the things Spending allows you to do.
We’ll automatically categorise your transactions based on certain transaction information, like merchant type.
The merchant details we use to categorise your transactions are provided by Look Who’s Charging. While every effort is made to ensure they’re correct, we can’t guarantee it.
If you find any of the merchant details against your transaction are incorrect, use the ‘wrong merchant information’ link on the page to have it reviewed.
Here are some of the common categories we use:
- utility bills like gas and electricity will go under ‘Bills’
- clothing and shoes will go under ‘Shopping’
- school fees will go under ‘Education’
- doctor’s fees will go under ‘Health’ and so on.
Adding or changing categories
Some transactions might not have enough information for us to categorise properly at the start.
We understand the way people think about their money is very personal, so we’ve included categories we think will work for most people.
If you find the categories don’t work for you, you can change the categorised transaction using another option in the categories list, but you can’t yet add a customised one.
If you think we’ve missed some useful categories, we’d love to hear your suggestions so we can continue to make improvements. You’ll be given an opportunity to give feedback when you use the tool in NAB Internet Banking.