This article introduces the Balance History feature that is accessible when using Money Dashboard on web and shows how you can use the feature to gain a better understanding of your finances.
What is it?
The balance history lets you monitor changes to your balances across your connected bank accounts over time. As a feature, it draws information from the transactions in the bank accounts you connect to Money Dashboard and feeds it as a graph to let you see trends and net balances over time.
How can the Balance History feature help me?
With this feature, you will be able to easily identify trends across a period of time.
As well, if there happens to be an unusual spike/dip during a certain period, it can help you forecast better for the future as to whether you need to put aside extra savings as a buffer.
For example, during a certain month of the year, it might be that your spending increases due to more birthday celebrations/holidays.