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If you haven’t stayed on top of your finances, current events should be a great motivator to start. On the other hand, if you are an eagle-eyed money manager, it never hurts to check out more tools to keep you in the know. We’ll share 13 of the best financial tools to save and manage your money.
Money Management Tools
These money management tools focus on budgeting your funds as well as tracking where every cent goes. Here are 10 options to help you manage your money better:
1. Make a Budget
Don’t want fancy money management tools? No problem. There is still immense power in making a monthly budget. With a pen and paper or a spreadsheet, you can write down your income and expenses, set and track goals, make a plan for automating savings, and have a real-world view of where you are and where you want to go.
Mint provides a 360-degree view of your financial picture so you can see your bills, balances, investments, and even creditworthiness. It’s free to set up and integrates with most U.S. financial institutions. Mint also analyzes your financial activity and makes suggestions to help you save and grow your money better. Mint is available via mobile app or desktop browser.
3. Personal Capital
Not a fan of Mint? There are many more tools to choose from and Personal Capital is just one of these alternatives. Like Mint, Personal Capital is a free money management tool compatible with most financial centers, but it has a stronger bent toward investment strategies and planning for long-term goals like college or buying a home. You can access Personal Capital through the app or on your computer.
If you have an iPhone, consider Wally. If you use Android devices, try Wally+. Either way, this top-rated, free personal finance app can help you compare income and expenses, track spending, and strategize financial goals.
Moneydance combines online banking, bill payment, budgeting, tracking, payment scheduling, and managing financial accounts on one dashboard. You can test-drive Moneydance with a free trial and download it on most platforms, including Windows, macOS, and Linux. It is also available on iOS and Android mobile devices.
6. You Need a Budget (YNAB)
YNAB is a zero-sum-based budgeting tool. It works by allocating every cent you earn until all money is accounted for. No stray dollars allowed. And while the focus is budgeting, there are also features to help you set financial goals and track progress as well as access to free, live online financial workshops. YNAB offers a free 34-day trial to see if it’s right for you. The software works on the web and is Android and iOS-friendly.
If you are a spreadsheet fan, Tiller might be your jam. It links with more than 20,000 financial sources using Google Sheets and add-ons. It also includes multiple pre-built designs if you could use a little help with crafting your spreadsheets. Tiller offers a free 30-day trial and an affordable annual pricing option.
Link your financial accounts together to see everything in one place so you can stay on top of your spending in real time. The “In My Pocket” feature gives you a quick view of all money not allocated for expenses or savings so you can spend wisely. PocketGuard automates budgeting and is accessible on browsers and through iOS and Android mobile devices.
Shoeboxed is a godsend to help you prepare for tax season. You can scan and digitize receipts for easier access than, well, looking through a shoebox. Shoeboxed integrates with a variety of popular accounting software, including QuickBooks, Wave, and Evernote. You can self-scan with the iOS or Android app with a one business-day turnaround or send everything by mail to be digitized on your behalf. Multiple pricing options are available.
Mvelopes is a digital envelope budgeting tool. Using a 30-day trial, you can test the envelope-based money management software, which focuses on giving every dollar a purpose. Use tools to view your finances at a glance, eliminate debt, and create long-term money goals. Mvelopes is compatible with both computers and mobile iOS, Android, and Amazon devices.
Personal Finance Assistant Tools
Do you ever feel like you need a personal assistant for your finances? Keeping track of ways to save money or negotiating your bills can be daunting, but that’s where these tools can help.
Charlie is a personal financial assistant that constantly monitors transactions and alerts you about ways to save money. You can text Charlie with questions about your finances and get responses designed to improve your financial outlook. Get the free app and link your accounts to get started.
BillShark is a bill-negotiation platform that helps you cancel subscriptions and lower bills for services such as internet access, wireless services, cable, and satellite radio. You’ll pay $9 for each cancelled subscription and incur a one-time fee of 40% of your savings. You pay nothing if BillShark fails to lower your bills or cancel subscriptions. The platform also offers a free home and auto insurance comparison service.
Trim provides financial analysis of your linked accounts and offers bill negotiation for a variety of bills such as cable, wireless services, and medical bills. Like BillShark, it also has a subscription cancellation service. In addition to BillShark’s offerings, Trim can negotiate lower APRs for credit cards, seek refunds for bank fees, and offer a high-yield savings account. You can sign up for free with Facebook or by creating a login. You’ll pay 33% of the total annual savings Trim secures. Expect communication via text or Facebook Messenger.
When it comes to budgeting, there is no shortage of tools and software platforms you can enlist to help. But before you decide to use a financial tool, make sure you find solutions that are simple to use and that ultimately make your financial picture clearer and more manageable. After all, financial tools can only help you if you use them.
Robyn Evans is a freelance writer for Club Thrifty, a website dedicated to helping people dream big, spend less, and travel more.