And nothing means spring more than the promise of the future. The planet is shaking off the winter doldrums and things are reviving. There’s no better time to take that energy and put it to good use in your financial life!
What is Cash Flow?
Cash flow is one of those financial concepts that may sound somewhat complicated, but is one of the most fundamental aspects of managing your financial life there is. Basically, it’s monitoring what your incoming is and what your outgoing is. Dane County Credit Union’s personal financial management (PFM) platform, The Hub, can help you do that automatically.
Once you get a handle on how much is going in and how much is coming out, you can use
The Hub cash flow calendar to see where – and when – that outgoing is happening. That helps you budget better and helps you time the payment of your bills so you’re not stuck tapping into savings or leaning on your credit cards between paychecks.
What else can I do in The Hub?
As a matter of fact, we’ve made sure all your financial tasks are easy in The Hub. There are plenty of great features that The Hub provides like goal setting, account syncing and more.
And the more you include the better! The more of your accounts you add, including those NOT at DCCU, the clearer the picture you’ll get of your entire cash position. Add all your bills as well, and you can see where and when you’re hard earned cash is going!
Add a bill or income to the cash flow section in The Hub and see how well your spending targets, spending habits and savings goals sync up.
Start Your Cash Flow Info Flowing
Cash flow management in The Hub is easy. Just a few easy steps and you’re there!
How to Add a Bill or Income
- Navigate to the “Cashflow” tab in The Hub
- Select “Add Income” or “Add Bill” from above the calendar view
- Complete the required fields including: Name your bill/income, how much and often you get paid or what amount is due.
- Click the green “Add Bill” or “Add Income” button on the bottom of the form.
- Your bill or income will now appear on the calendar for you, whether it’s a monthly, weekly or quarterly payment.
It’s that simple. But while you’re in The Hub, why not set up a few more?
Check out more videos about how to use The Hub on DCCU’s YouTube channel.