I love budgeting. I started with paper and a pen and moved on with an Excel spreadsheet. But for anyone not quite as big of a fan of money management as me, there are quite a few money tools available online for free that can help to make your financial life a lot easier.
It can be far too difficult to try and calculate the amount of money that you need for certain future goals on your own. Financial calculators help you to determine exactly how much money you need to save on a monthly basis or what interest rate you’ll need to attain to have a specific amount of money in the future. Retirement calculators are godsends for planners like me. If you have any debt, make use of a loan calculator to see if you can save money by paying it off sooner.
Financial Management Software
Nothing creates a simplified financial life like financial management software. Websites like the Mint.com offer free web based software that will track all of your financial accounts for you. You can input your credit cards, bank accounts, investment accounts, and loan balances all in one software system. You can create a budget to find out exactly where your money is going and find out the fastest ways to pay down your loan balances. Financial management software makes it easy to organize your complete financial life.
Today, most commercial banking websites offer free money tools to existing customers. All banking customers have to do is login to access many of these free tools. These tools allow you to perform transactions like paying bills online. They also allow you to organize all of your accounts and structure a payment plan. You can even set up automatic payments online to eliminate the need to remember due dates.
Consumer savings websites
A new-to-me software online called Billshrink.com makes it easy for consumers to start saving money on their existing accounts. Users enter their current information on forms and the site suggests ways that customers can save money off of their current balances. The site will automatically send you daily emails detailing new ways that you can save money. You will also get savings offers that can be applied to fuel purchases, groceries, cell phones, and credit card bills.
In short, there is an online money tool for just about anyone. Whether you are a long-term planner that just needs help setting goals or are struggling to pay off debt and keep your bills in line, there is a tool for you.