Tuesday, October 8, 2013

Best US Money Management Online Tools From Kiplinger

I found the Kiplinger's article from 2012, which gives incredible quality overview of best personal finance software tools.



Best overall site - Mint

Mint even recommends amount based on your spending history. Your budget bars fill up with each transaction you make; as they approach the limits, they go from green to yellow to red. Free.

Best for Debt Diggers - Ready for Zero
Like most other budgeting sites, you start by linking your financial accounts. Then you create a debt-repayment plan based on what you can afford every month or the date you plan to be debt-free. The site will also show you how much you’ll pay in interest, as well as how much time and money you’ll save compared with making only the minimum payments.

ReadyForZero tracks your progress and recommends some steps you can take to help you clear your debts
Read more at http://www.kiplinger.com/slideshow/spending/T007-S001-which-budgeting-site-is-best-for-you-slide-show/index.html#o4RdWEKgJV5dozdX.99

Like most other budgeting sites, you start by linking your financial accounts. Then you create a debt-repayment plan based on what you can afford every month or the date you plan to be debt-free. The site will also show you how much you’ll pay in interest, as well as how much time and money you’ll save compared with making only the minimum payments. ReadyForZero tracks your progress and recommends some steps you can take to help you clear your debts. Basic plan is free.

Best for Financial Newbies - Learnvest

With your current budget displayed alongside LearnVest's optimal budget, you can clearly see where you have room for improvement.

For further financial guidance, you can talk to an expert -- free. "Financial advice is not a luxury item," says founder Alexa von Tobel. "It should be available to the masses." A free financial checkup includes a phone conversation with a certified financial planner, who will evaluate your finances and offer some advice on what steps you can take next. If you'd like to get more professional assistance, you can sign up for one of LearnVest’s three premium memberships, ranging from $89 for three months of basic budgeting guidance to $599 for a year of investing advice. With these subscriptions, the planner will be able to view your LearnVest account with you and get into your financial nitty-gritty without any extra effort from you.


Best for Over-Spenders - Mvelopes

Mvelopes digitizes this approach to money management with great success. The site’s average user is able to cut spending by 10%, says chief executive Steve Smith. “You really start managing your finances instead of just reacting to things that happen on a monthly basis.” With the free membership, you can link up to four financial accounts.


Best for Game Players - Payoff

If you want to have fun while you work on your financial goals, try Payoff.com. As with other online money-management tools, you link your accounts and can view all of your transactions in one place. But taking the focus off of the dollars and cents, the site's main attraction is its approach to helping users reach their goals. "Our site is meant to guide people from an aspirational perspective and reward their financial progress," says Scott Saunders, co-founder of the company. Free.

Best for Control Freaks - Yodlee

With its own free site for consumers, MoneyCenter by Yodlee offers simple but effective services and tools. The default dashboard includes widgets to view your accounts and transactions, and to track your goals and spending. The budget tab is where you can set your monthly spending goals and generate expense and cash-flow reports. It even provides a tax center that, with the help of H&R Block, can help you spot potential deductions and estimate your bill for the year.

Best for Security Cynics - BudgetPulse
Hesitant to share your personal banking information? You can still bring your budget online with BudgetPulse.com. To get started, import your information via financial statements from existing Quicken files or manually create your accounts. Because you won’t be linking to your banks, you won’t be able to update your account automatically. Free.

My personal addition to the list - User friendly site with great mobile apps - YNAB

Beside great software it offers unique method of managing money (4 rules) + free nine day learning course.

Read more at http://www.kiplinger.com/slideshow/spending/T007-S001-which-budgeting-site-is-best-for-you-slide-show/index.html#o4RdWEKgJV5dozdX.99

And of course, if you want short-term and easy to start solution - you can download free household budget template from my blog http://www.homefinances.info/2013/08/free-household-budget-template.html 

P.S I also like savings site Smartypig a lot, perhaps I'll about them next time 



Like most other budgeting sites, you start by linking your financial accounts. Then you create a debt-repayment plan based on what you can afford every month or the date you plan to be debt-free. The site will also show you how much you’ll pay in interest, as well as how much time and money you’ll save compared with making only the minimum payments.

ReadyForZero tracks your progress and recommends some steps you can take to help you clear your debts
Read more at http://www.kiplinger.com/slideshow/spending/T007-S001-which-budgeting-site-is-best-for-you-slide-show/index.html#o4RdWEKgJV5dozdX.99
Like most other budgeting sites, you start by linking your financial accounts. Then you create a debt-repayment plan based on what you can afford every month or the date you plan to be debt-free. The site will also show you how much you’ll pay in interest, as well as how much time and money you’ll save compared with making only the minimum payments.

ReadyForZero tracks your progress and recommends some steps you can take to help you clear your debts
Read more at http://www.kiplinger.com/slideshow/spending/T007-S001-which-budgeting-site-is-best-for-you-slide-show/index.html#o4RdWEKgJV5dozdX.99

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