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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Financial Services»Microsoft’s New ‘Money in Excel’ Helps Users Monitor Budget and Personal Finances
    MICROSOFT ROLLS OUT 'MONEY IN EXCEL' TO HELP USERS MONITOR BUDGET AND PERSONAL FINANCES

    Microsoft’s New ‘Money in Excel’ Helps Users Monitor Budget and Personal Finances

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    By Oluwasegun Olukotun on June 16, 2020 Financial Services, Microsoft, Software

    Microsoft is launching a financial tool dubbed ‘Money in Excel’ that enables its millions of users to use Excel to keep tabs on budget and personal finances. Money in Excel is a template and add-in for Excel that lets Microsoft 365 subscribers to securely connect to bank, credit card, investment, or loan accounts and import transactions and account information directly into a spreadsheet.

    To be able to access Money in Excel, users will need to be a Microsoft 365 Personal or Family subscriber in the US to get access to Money in Excel, and you can simply download the template to begin linking bank accounts through the Plaid connector. A good number of major US financial institutions are supported, and the template will automatically import transactions from accounts into a single workbook.

    Transactions are grouped to help make it easy to breakdown how you are spending your money and there are even notifications for any increment to subscription fees or bank overdraft charges. Money in Excel also automatically generates charts for recurring expenses or a monthly snapshot of spending that’s easy to glimpse.

    This is not the first time Microsoft is making a foray into personal finance products.  The new Money in Excel is coming after Microsoft’s discontinued Microsoft Money. The company discarded Microsoft Money over a decade ago but an MSN Money app returned to the Windows Store back in 2012 as a news aggregator and for tracking stocks.

    Interested in trying out the Money in Excel? Subscribe to Microsoft 365 priced at $6.99 per month for Personal (one person) or $9.99 a month for a Family (up to six people). For now, Money in Excel is only available in the US right now, so only US bank and financial accounts will work with the feature.

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    Oluwasegun Olukotun

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