Staying on top of your finances may seem like a chore, but these free money management websites could make things a whole lot easier for you. Read on to find out more.
There are loads of free tools out there to help you manage your finances better. In fact there has never been a better time for excellent free money management websites. They can help you:
- Track your money.
- Pay bills on time.
- Have enough left at the end of the month to save.
- Create budgets.
- Set financial rewards.
- Stay on top of any outstanding debt.
Buxfer allows you to synchronize all your financial accounts with their online tool. It also allows you to automatically sync your financial data. They have a basic free version that is one of the best free money management websites.
Yoodle provides the engine for hundreds of money management services like Mint, Thrive and banks like Chase. They re-brand the Yodlee platform to suit their own interface. You can go straight to the source and use Yodlee directly. It’s considered to be one of the best free money management websites.
Mint is one of the most popular free money management websites. They put an emphasis on being user friendly. It is also highly automated. You give Mint your login details to your accounts, allowing you to track all financial accounts from one place, checking your savings, credit cards and investments. It allows you to generate budgets and projections for the future based off of your current data. Mint is exceptionally popular among the younger demographic who want to track their money with convenience. There is no charge at all, making them one of the best free money management websites.
The only drawback with Mint and services like it, are that you have to trust them with your account details and credit cards. Naturally, not everyone will feel comfortable doing this.
Mint is very secure of course, but the fact remains that all your financial and personal data is going to be stored in one location. While the service they offer is very convenient, you should be aware of this fact before proceeding.
ClearCheckBook is basically a web based checking account ledger. It allows you to keep a record of your daily spending and can be accessed with iPhone, Palm or Android. Keeping a record of the details like this lets you make a budget, and can help you stick to that budget. This is an excellent tool to help you save money.
If you click the link above you can see videos of how to use the website. ClearCheckBook is one of the best free money management websites for savers.
Flexscore is an excellent little tool that is fun to use and completely free. Take 15 minutes out of your day to visit FlexScore and complete their online personal finance score test. At the end, you get a score telling you how well you are managing your money, and how you could do better. A perfect score means getting 1000 points, in which case you are a financial guru!
You can gain 24 points by lowering your mortgage rate through refinancing, or gain 16 points by updating your life insurance.
Losing points is possible through financially unsound moves such as investing all your money on a single stock.
It’s basically like having your own free financial adviser, something a lot of us could benefit from.
FlexScore is ran by united capital. Part of me wonders if they are using it to sell you their own financial solutions. They make money if you use the financial institutions recommended on the website.
In any case, it is a free service that can be completed on a lunch break. It’s harmless enough, and can be informative.
Once you have fully connected with MoneyStream, you begin to see a picture of your monthly spend and outgoings and how that is matching up with your income. By analyzing this, you can see where you can save, and how much extra money you could potentially have if you make a few changes.
They also have an alert system that lets you know about any unusual activity on your account.
All this is protected by 256 bit encryption, so you don’t need to worry about security.
I would say this is definitely up there with the most helpful free money management websites.
What is moneyStrands you are asking? It’s a simple way for you to keep all your credit card, bank account, student and business loan information in one place.
They offer a nice interface with a comprehensive calendar to keep your organised.
This is all a matter of personal preference of course. MoneyStrands is similar to Mint and MoneyStream. I would recommend trialing each of them for a few days each to see which you get along with.
MoneyStrands seems to be a little less focused on forecasting in to the future with your finances than MoneyStream.
In that respect, it offers a nice snapshot of the present, but isn’t in depth enough to allow you to really plan for the future in my opinion.
This is one of the best free money management websites that is focused on investments. This includes looking at your retirement plan, assets you have and the taxes you are paying.
If you already have some investments for the future, this site can be really useful to help you continue to plan and make smart decisions.
Some useful features of this website include the 401(k) analyzer and the investment checkup.
Using some of these free money management websites can be really beneficial to your future finances. Don’t wait around – today is a good time to get organized. Analyzing your own fiscal behavior and making the right changes can pay off in a big way down the line.
Anything that can help you save your money and track your outgoings is a good thing in my opinion.
Let us know what you think. What are your favorite free money management websites?