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Recent Posts

• Now you can review your income and expenses by your pay cycle

  Posted 20.12.11 by BNZ Digital Team in General No Comments

  With today’s release you can now choose your preferred income and expenses review period.

  Whether this means a few days, months or your pay period, you will be able to see your income and expenditure trends in a timeframe that works for you.

  You will also be able to compare your most recent review period with the same time last year.

  Learn more here

• MoneyMap now helps you track your goal history

  Posted 01.12.11 by BNZ Digital Team in General No Comments

  The latest enhancement to MoneyMap now means that when you start a new goal period, you will still be able to see details of your previous goals on the overview page.

  This will help you to keep track of your previous budget goals and over time provide trends, helping you identify areas to focus on.

  So take a look at the video and see how MoneyMap is making budget history simple.

• New ways to add transactions

  Posted 09.03.11 by BNZ Digital Team in General, Updates & Info No Comments

  The number one MoneyMap feature request has been the ability to add transactions that are not recorded in your bank account. Now you can manually add transactions to MoneyMap, so you can keep track of cash and other transactions that aren’t recorded in your bank account. Take a look at Xero Help to find out how to add transactions manually.

  You can now also import transactions in .CSV file format, as well as .OFX, or .QIF formats. Check out Xero Help to see how to import transactions from other banks and systems or a spreadsheet.

• MoneyMap – one week in

  Posted 07.04.10 by BNZ Digital Team in General, Updates & Info more comments

  Wow, it’s hard to believe MoneyMap is already one week old (well, pre-registration that is – we’re looking forward to launching full access in a few weeks time). We’ve been blown away by all your interest and constructive comments – keep them coming!

  We’ve noticed some reoccurring questions cropping up around our longer-term plans for MoneyMap. So, we’ve put together a brief summary of our priorities over the next couple of months, including how we’re using your feedback to enhance and improve MoneyMap.

  1. Getting in sync
  Leading up to the launch, we’ll be focussing on creating a seamless link between your accounts and MoneyMap. This is our first priority. We want you to be able to hit the ground running, tracking your spending habits, monitoring your assets and liabilities, and setting saving targets to achieve your goals.

  2. Listening to feedback from our customers – that’s you!
  Once we launch MoneyMap, you’ll have the chance to trial and test it out for yourself. Don’t forget to share your stories and tips.

  MoneyMap is a tool for our customers, so we’re looking to you to help us shape it. We’ll use your feedback to help prioritise features and functionality for future development. Based on what our beta pilot group has told us, we’ve already made changes to the custom categories feature, increasing the number of categories from eight to 20. This allows you to separate out the finer details of your expenses, giving you a more accurate picture of your overall spending.

  3. The MoneyMap pipeline
  We’ll use your feedback together with our own insights and research to create an evolving “wish list” of new MoneyMap features. Something we’re working on at the moment is incorporating transaction splitting to help you fine-tune your spending even further. Read this blog post over at Xero to find out more.

  It’s still early days. We have a whole bunch of ideas, but we really want to see what’s working for you and what you need most – and from here, we can prioritise what’s next. We’ll use this blog to gather your thoughts and keep you updated on our latest thinking. So watch this space!

  Michelle
  Producer, Digital

• I thought I knew what I spent my money on…

  Posted 25.03.10 by BNZ staff pilot group in General, MoneyMap stories more comments

  I thought the idea of an application within Internet Banking that could help me monitor my spending would be a really positive addition to my online banking processes. I am a pretty conscious spender I thought, with my accounts set up to guide my spending so I figured it would just confirm what I already knew.

  I hold accounts with both BNZ and ASB so was really happy that I would be able to import my transactions from other bank accounts. I found the process to import the external account data was so easy that I was able to do it without any problems whatsoever. I then categorised the transactions as I had done for my BNZ accounts and now I have a summary of my total spending pattern across all accounts. Easy… Clear… Terrifying!

  Read More

• We’re only just starting… we’ve got more up our sleeve

  Posted 25.03.10 by BNZ Project Delivery Team in General, Updates & Info more comments

  It’s been a fun and busy time this last wee while as project teams from BNZ and Xero have worked hard to bring you MoneyMap, a tool we hope will assist you in taking control of your money.

  Let’s face it many of the tasks associated with budgeting can be tedious, so we thought the best thing we could do with MoneyMap would be to do as much of the boring stuff as we could for you, by what I like to think of as automagic.

  In essence this meant building something that did as much for you automatically as we could, so that’s what we did.

  Read More

• The power of a line graph!

  Posted 24.03.10 by BNZ staff pilot group in General, Tips & Tricks more comments

  My personal favourite MoneyMap feature is the line graph showing a running balance of my account throughout the month. Seeing the line spike when my pay comes in, and then watching it head back downwards as I spend up large is a real powerful way to see at a glance my spending patterns. And then being able to look deeper at just what that money’s going towards makes it easy to see where I’ve got room to cut back.

  So far MoneyMap’s given me a clear view of my spending and how much I can afford to save, now it’s just a matter of sticking to my goals!

  Manaaki

• FINALLY MANAGING TO START SAVING!

  Posted 24.03.10 by BNZ Project Delivery Team in General, MoneyMap stories No Comments

  When I first jumped on MoneyMap I had no idea what to expect. The first time I opened it I had no prior instruction on how to use it, but within 30 minutes had familiarised myself with all the basic aspects of the tool.

  It really is simple to use. I spent time in the first week categorising my transactions and deciding what additional categories I wanted to add that were relevant to my spending (boating and alcohol for me). Once I categorised a full quarters transactions I was able to break down my spending and see where my money was going. MoneyMap told me how much I was spending in each category on average, and from there I was able to adjust a few of the categories downward where I thought I could cut back.

  Read More

• Confessions from an avid shopper

  Posted 24.03.10 by BNZ staff pilot group in General, MoneyMap stories more comments

  I want to visit my family in the UK at Christmas this year, so I decided to set a savings goal in MoneyMap to cover my travel costs, presents (..plus a bit more shopping….ok, a lot more shopping!) Christmas parties and any other expenses that could pop up while I’m away.

  My plan was to have a dedicated ‘do not touch’ account for my savings for my trip, which I found fits really well with MoneyMap as you can only set one savings goal per account. All I had to do was enter how much I wanted to save, the date I wanted to save that amount by, and when I wanted to start. I figured the earlier I start the less painful it will be later – well, that’s the theory. I still got a bit of a shock to see what I had to save each fortnight to reach my goal, but at least it’s clearly spelt out for me. So no more denial or excuses!

  Read More

• Tips from a Gen-Y-er

  Posted 24.03.10 by BNZ Digital Team in General, Tips & Tricks 1 Comment

  Suspect you are spending too much on something particular?

  If you have a niggling feeling that you may be over indulging on a particular past time, setup a separate category specifically for that type of expense.
  For example, if it seems like Friday and Saturday are the most expensive days of the week, you may consider creating a separate category for “Going out & drinking”.
  This will allow you to see exactly how much you are spending on this activity, and how much you can reduce it by.

  Repaying a debt can be a goal too

  Goals in MoneyMap are really powerful. Not only can they be used for savings, you can also use them to plan repayment of your debts. If you have a personal loan or a credit card that you are paying off, create a goal for this account with a goal balance of $0, then choose when you’d like to have this paid off by. MoneyMap will tell you roughly how much you should pay each month to achieve this goal. You’ll want to make sure you pay a bit extra each time too, as MoneyMap goals won’t include any future interest that may be charged. Read More