Free online personal finance management software and money management websites offer terrific financial planning tools that help you effortlessly create budgets to save money, monitor your transactions across multiple banking and credit card accounts, as well as assist you in achieving your financial goals. Many of these online financial software services also provide expert financial advice and notify you of excellent savings on various financial products that outperform the ones your currently using. In the review list below we’ve identified some of the best online personal finance software sites.
Mint – Arguably the best free online personal finance service available. Mint allows you to anonymously register bank accounts, savings accounts, credit card accounts, and investment accounts so you can automatically import and securely monitor your all your transactions on one location. Mint has done an exceptional job of stocking their financial application with tons of excellent financial tools and features for its users. Such things include personal budgeting tools, custom text and email alerts, weekly spending reports sent directly to your inbox, financial goal creation and progress tracking, dynamic graphs, and mobile apps for iPhone and Android phones. Mint also helps you find ways to save money by notifying you of irregular spending, hidden fees, late fees, overdraft charges, and changes in credit card rates. Another effective tool for saving money is Mint’s recommendations feature which automatically identifies and suggests accounts for checking, savings, CDs, IRAs, brokerages, and credit cards that outperform the ones you’re currently using. Security is a top priority for Mint as it boasts bank-level data protection measures and oversight and monitoring by TRUSTe, VeriSign, Hackersafe, and RSA Security. Moreover, because all your accounts in Mint are completely anonymous and Mint is a read-only service, there’s virtually no way someone could gain control of your funds or move them between or out of your financial accounts.
GreenSherpa – A personal money management website and free online personal finance software site that aggregates all your financial accounts into one location. Upon logging into the site, you’ll see a customizable dashboard that provides a quick summary of your cash flow, account balances, and other important financial indices. Green Sherpa will synchronize transactions across all your financial accounts so that all information is up-to-date and it reflects your current cash flow status. Their cash flow projection feature permits users to project cash flow at any future date via calculations based on your past spending habits and future expenditures. Financial goals can easily be set and tracked to monitor your progress towards achieving them and you can even invite your CPA, spouse, or financial planner to collaborate with you. Other Green Sherpa features include budgeting, financial planning, and expense tracking.
Buxfer – A free online personal finance service that’s striving to become the web’s best personal finance application. Like Mint, they allow you to automatically download and import transactions from your financial accounts so you can easily and securely monitor your finances. However, they also make it easy to switch from popular financial management software by allowing you to import Quicken, Excel, and MS Money files. Other features include financial summaries for account balances, budgets, bill reminders, spending reports, group budgeting, IOUs, mobile alerts, a Facebook app, and mobile financial applications for iPhone, Blackberry, and Windows Mobile phones.
moneyStrands – A free online personal finance management service that doubles as your very own personal financial assistant. moneyStrands offers individuals the ability to import multiple financial accounts like credit cards, bank accounts, loans, and online savings accounts into a single easy-to-use personal finance manager. Accounts are synchronized in real-time so users can stay up-to-date with their spending habits, receive timely alert notifications, and quickly identify upcoming cash flow issues. Notable features include the ability to create a budget, expense tracking software, budget calculators, cash flow templates, financial spreadsheets, budget monitoring tools, debt management, budget planning, financial goals, financial reporting, and many other money management services. moneyStrands not only offers lots of different free online software and financial analysis tools to help you manage your money but it additionally employs other features to show you how to save money too. Users can anonymously compare their spending profile with other moneyStrands members to identify opportunities to reduce expenses. In addition, moneyStrands will notify you when it discovers great offers, deep discounts, and better interest rates that surpass what you’re getting from your current bank account, savings account, and credit card providers.
Rudder – An online personal finance software service and money management site that takes a bit of a different approach by putting the focus on your financial future. That is, Rudder provides free web-based money management tools that help prevent any unwanted surprises and late payments so you can avoid those hidden, extra fees or finance charges. With its bill reminders, balance notifications, email alerts, and email reports, users don’t have to login every day to track their financial activity, spending, budget goals, or financial planning progress. After setting up your account, Rudder will automatically import and categorize all your transactions. Each day you’ll receive a simple custom made financial status update of your Rudder account so you can easily assess your cash flow and project future income using embedded graphs and charts. Rudder additionally provides several ways to save money too. For instance, their deals feature notifies users of additional savings on competing bank accounts, personal online savings accounts that earn more interest, and credit card with lower APY interest rates or fees. Their savings planner feature also helps you save money by identifying trends and allowing you to set and track financial planning goals for things like an investment fund, upcoming vacations, or a down payment on a home.
Thrive – An online money management site that offers personal financial planning tools to help keep you on track to achieving financial goals. Thrive provides users with financial health scores that gauge their overall financial fitness and various categories of their finances and then suggests potential solutions to improving those scores. It also notes ways to increase your credit score, lower your debt-to-income ratio, and ways to save more money. Thrive’s financial planning and goal tracking features help members develop a winning strategy for buying a home and growing their retirement savings. Recommendations and deal notifications help users find additional ways to save money. These may include high interest savings accounts that offer a greater earnings potential or low interest credit cards with no annual fees. Like the other online personal money management services Thrive lets you connect your bank accounts, savings accounts, PayPal accounts, and credit cards to automatically import your financial data and categorize transactions. Once this is done you’ll be able to easily monitor and track your personal finances using their online financial software tools, savings graphs, budget reports, and other financial charts. One unique feature of Thrive is the Credit Compass which estimates your free credit score based on the data given and then suggests how you may improve your score. Their debt management wizard is great resource for determining which debts you should pay off first and calculating your monthly payment.
Mvelopes – An online money management service that’s based on the simple but effective envelope system of budgeting your finances. Users create budget categories portrayed as virtual envelopes and assign dedicated income or expense amounts to them. Mvelopes automatically imports transactions from all your registered financial accounts and categorizes them accordingly. Funds that are allocated toward virtual envelopes are then automatically adjusted as payments are made using the online bill pay feature. Users are able to easily identify how much they can spend each month with this system to prevent surpassing their financial budget goals. Mvelopes also provides financial planning tools and financial savings features to help you plan your financial future by reducing debt, credit card spending, and discretionary expenses.
HelloWallet – An online personal finance service that aims to provide users with expert advice and online financial planning tools they can use to reach their goals. Unlike other online financial service providers, HelloWallet doesn’t allow banks to promote or advertise their products on its site thereby eliminating any potential for biased product offerings. HelloWallet claims that product recommendations submitted to its users are based solely on the potential savings users can obtain and the security concerns associated with those suggested products. In concert with other competing online financial software providers, HelloWallet offers personal finance management tools to help its users plan for their financial future. Using their personal money manager, HellowWallet users can easily monitor their bank and credit card accounts in addition to tracking changes with their 401(k), their home’s estimated value, and the value of their car. Members can also set goals to save for college, buy a home, plan their retirement savings, and reduce their debt. Other features include individualized educational savings plans, family budgets, aggregated financial accounts, categorized spending reports, synchronized accounts, automated transaction imports, credit card rate monitoring, and alerts to notify you when your mortgage or auto loan rate increases.If you liked this article, please take this time to share it with your Facebook friends using the Facebook button (see Facebook post button to the left) or retweet it using Twitter (see retweet button to the left). You may also want to follow us or subscribe to the site to stay up-to-date with this article. If you'd rather follow us from your Facebook account, join our Facebook fan page or subscribe to our NetworkedBlogs profile.
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