The feature in the Monitor tab of the TotallyMoney app lets you track the balance of your main bank account, plus the monthly recurring bills and payments that are paid from this account. It does this through open banking.
It displays what your account balance will be after all your regular monthly payments are paid, along with a list of your scheduled bills and payments for that month. This is known as your balance after bills.
You can set a start date for the month to suit whichever day is best for you. For example, your start date might be after payday, or after one of your biggest bills have been paid. We will calculate your balance after bills starting from this date.
It’s designed to give you better control over your finances. You’ll have visibility of your monthly bills and you can see which of these have an impact on your credit score.
On top of this, we’ll let you know when your balance is getting low, so you can stay on track and try to avoid missing payments or using an overdraft.