You’ve had enough. You’re officially tired of having what financial writer and expert Dave Ramsey calls “too much month at the end of the money.” You want (a lot) more discretionary income, as well as more money to put towards savings, investments, and other goals such as travel and debt repayment.
The problem? You don’t have enough as it is. Therefore, you don’t want to spend money you don’t have on fancy budgeting apps and software. Fortunately, the good news for you is that you have access to plenty of free online tools that will help you manage your finances. This blog post will discuss four of them.
- Mint – This particular budgeting tool allows you to link your own checking and savings accounts, credit cards, and debts such as student loans to Mint’s website. Mint.com updates your information automatically right when it shows up in your own account. Mint.com also allows you to track your retirement savings goals as well as create a debt repayment plan. The website features tools such as reports and graphs which let you see your unique situation in a visual format. All of these tools allow users to chart a course that will create their own version of financial freedom.
- Personal Capital – If you want to track both your savings and your financial investments, one option you have at your disposal is Personal Capital. The website features a video review and walkthrough, where you can watch their video to see what it would be like to use the tools on Personal Capital’s website. The website also has a written review report for people who prefer to learn through reading.Personal Capital’s financial dashboard gives you a valuable glimpse into your financial life. You can use this tool to track your progress towards financial goals such as student loan repayment, investments, and your child’s future tuition. This tool will not track your investments. You can also get investment advice if you want. If you choose to get investment advice from the folks at Personal Capital, you can do so for 1 percent of your investment portfolio. If you choose not to pay for investment advice from Personal Capital, every other part of the website is 100 percent free.
- BudgetPulse – Maybe you like the idea of using online budgeting tools like Mint, but you don’t want to give these websites your account IDs and passwords. If this describes you, consider BudgetPulse. BudgetPulse doesn’t require you to give them your account names and passwords. But they do track your spending and allow you to set goals such as a car title loans repayment schedule. You can even share your money goals with your loved ones. Not only will sharing your money goals keep you accountable, but your nearest and dearest can also contribute to your objectives through Amazon Payments or PayPal.
- Buxfer – The Buxfer tool allows you to watch your spending and keep an eye on your monthly bills. Buxfer’s main customers are 20-somethings who are just getting started with their career and other adult responsibilities. What sets Buxfer apart from the other free tools is that you can set projections for future earnings and use those to make financial plans. Another unique feature is that you can break down your biggest financial goals into short-term targets and work towards those on the way to accessing the larger plans. Lastly, you can use Buxfer to take care of expenses involving groups. Use the tool to split a bill up, figure out which person owes what amount, and make online payments.