The internet has changed our lives in some incredible ways. If you want to buy something, you don’t even need to leave home to get it. If you want to speak to someone on the other side of the world, no problem – just open Skype and you’re good to go. Unfortunately, there are some downsides too. Online shopping is getting easier every day, and this means that many people find that internet access is actually causing them more financial headaches than they would care to admit.
But for every problem, there’s a solution – and just as the internet creates this problem, it can help you solve it too. From money trackers to budget planners, and even credit score info and data websites, the internet is full of tools designed to help you manage your cash more efficiently. We decided to put on our explorer hats and go searching for some of the most useful financial tools on the web. After a lot of exploration and experimentation, here we present some of the best online tools we’ve found to help you manage your money.
1) Nerdwallet (www.nerdwallet.com)
Despite the name, you don’t need to be a nerd to enjoy the benefits of this excellent finance website! In fact, it’s very simple to use, and features tailored advice for you and your personal financial situation, as well as a collection of useful tools to ensure you’re getting the most out of your money. Nerdwallet helps you start investing, master your credit score, and get a detailed overview of your spending habits. You can also shop for the best home loans while resting assured that all your information is kept private thanks to NerdWallet’s powerful privacy encryption systems.
2) YNAB – You Need a Budget (www.youneedabudget.com)
Heralded by many as one of the best budgeting systems out there, You Need a Budget is a multi-platform personal budgeting program. It’s free for 34 days and then requires a small monthly fee if you decide you like the service. The YNAB system allows you to link all your bank accounts in one place and also track your financial goals while monitoring your progress. YNAB uses a few basic principles to help users get the most out of their money, namely: give every dollar a job; embrace your true expenses; roll with the punches, and, age your money. There’s also a free accompanying podcast from the creators which details the YNAB system — well worth a listen.
3) Mint (www.mint.com)
Mint is a web-based personal financial management service. Free and easy to use, Mint automatically updates your information, bank accounts, and balances. Know exactly where all your money is going – whether you like to bargain hunt on eBay, play Mega Millions online, or are addicted to music downloads – with bill tracking, easy budgeting, and even investment tracking. Link your accounts and Mint will help you discover new ways to save your hard-earned money. Featuring a simplistic and stylish design, Mint brings everything under one roof without ever feeling overcrowded.
4) BudgetSimple (www.budgetsimple.com)
As the name suggests, BudgetSimple doesn’t overcomplicate things. It’s also free to use, giving you access to budget creation and financial reports. If you do want to link your bank accounts and have access to the mobile app, then you’ll have to pay a small monthly fee. Finances shouldn’t be complicated, and BudgetSimple does its best to help you understand your money without drowning you in statistics. This program is excellent for someone who simply wants to track their finances without being bombarded by pages of analytics.
5) Personal Capital (www.personalcapital.com)
Personal Capital is essentially an online financial advisor which offers free sign-up and access to an array of online tools. Take the uncertainty out of retirement and build a retirement plan unique to you. Link all of your accounts to the Personal Capital Dashboard and see a detailed overview of your net worth; plus, find out how much money you’ve been losing to hidden fees with the Fee Analyzer. Boasting an encryption system stronger than those found in most major banks, Personal Capital quickly creates a comfortable environment that allows the user to fully grasp the potential of their finances.
Every day the world gets more complicated and sometimes it’s difficult to keep up with everything that’s happening all around us. It seems you can’t go one day without getting a phone call or email from someone asking you to commit to something financially. Fortunately, there are ways to better manage our money, and, thanks to the internet, they’re only a few clicks away! If there are more tools you can use to manage money on your own then let us know in the comments below.