Is the ole ‘Balancing your checkbook at the Trader Joe’s cash register after you’ve paid for your groceries’ tactic not working? Not much a fan of the old school pen and pad budget? Then there might be a solution. Following our wave of articles focusing on the utilization of the internet to manage our money and spending, we’ve come across yet another way to achieve financial freedom through online money management tools. And the best thing about them (besides the obvious fact that they help you save money) is that it’s free for you to peruse, use, and abuse.
The gist behind these companies is that they aim to simplify the budgeting process and even make tracking your expenses, somewhat fun. The online tools capture your information, such as expenses, savings, debts and assets and design a plan for you to stay on top bills and eke out a savings while you’re at it. If you’re already a fan of online banking (as I am!) then you will at least seriously consider adding this fixture to your money management machine. Each one offers different features, so it is worth doing additional investigating to see which best suits your needs. Also, check out this article which gives a brief summary of their individual features.
I definitely will try an account with one of these online money management tools soon. I will let you know how it turns out. Until then, here is a list so you can start on your own.
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