Microsoft is launching a new Money in Excel feature that allows millions of people who use Excel to track budgets and personal finances. Money in Excel is a template and add-in for Excel that Microsoft 365 subscribers can use to securely connect to bank, credit card, investment or loan accounts and import transactions and account information directly into a spreadsheet.
You must be a Microsoft 365 personal or family subscriber in the U.S. to access Money in Excel. You can simply download the template to connect bank accounts through the plaid connector. Most major US financial institutions are supported, and the template automatically imports transactions from accounts into a single workbook.
Money in Excel.
Transactions are categorized so that you can easily analyze how you are spending your money, and there are even notifications of increases in subscription fees or bank and overdraft fees. Money in Excel also automatically generates charts for recurring expenses or a monthly snapshot of expenses that is easy to see.
This is not Microsoft's first foray into personal finance products. Money in Excel follows the Microsoft Finance personal finance management software Microsoft Money. Microsoft scrapped Microsoft Money over 10 years ago, but an MSN Money app returned to the Windows Store in 2012 as a news aggregator and stock tracker.
If you want to try Money in Excel, you must be subscribed to Microsoft 365. The price is $ 6.99 per month for staff (one person) or $ 9.99 per month for a family (up to six people). Money in Excel is currently limited to the U.S., so only U.S. bank and financial accounts will work with this feature.