7 Best Free Personal Finance Tools
Use these 7 free tools - handpicked by Money Girl - to take your personal finances to the next level.
Page 1 of 2
If you’re ready to improve your personal finances, it can be as easy as using a new digital tool.
No matter if you want to be more organized, stay on budget, raise your credit score, get competitive pricing information, or crunch the numbers for a financial decision, there’s an application for you.
And you might be pleasantly surprised to know that many powerful financial programs are free. In this episode I’ll tell you about 7 of the best free personal finance tools that you should start using today.
Sponsor: Squarespace, the all-in-one platform that makes it fast and easy to create your own professional website, e-commerce site, or online portfolio. For a free trial and 10% off, go to Squarespace.com/moneygirl and use offer code MoneyGirl12.
7 Free Personal Finance Tools
Product #1: Mint.com
Mint.com and its mobile apps give you a simple, clean platform to connect all your financial accounts in one place. Transactions for all your bank accounts, credit cards, loans, investments, and retirement plans are aggregated into a single dashboard, so you have a bird’s eye view of your entire financial life.
Mint.com is loaded with features that help you create and stick to a budget, pay bills on time, create financial goals, and know your net worth. It learns how you want to categorize transactions and then does it automatically so you always know where your money is going.
You can customize your dashboard and get account updates as often as you like. This free program blows away many other financial products that you have to pay for.
See also: 5 Clever Ways to Save More Money
Product #2: AceMoney Lite
AceMoney Lite is a free personal finance software for your PC or Mac desktop. It has all the features of AceMoney, the full version that sells for $39.99, except that Lite only supports 2 accounts. It’s known for being the best free alternative to Quicken, which also has a starter product for $39.99.
AceMoney Lite is perfect for managing your home or small-business accounting needs. You can manage bills, track budgets, analyze spending, and create reports by categories. It also imports your transactions from online bank accounts using QIF and OFX file formats.
See also: Taking Home Office Deductions
Product #3: FreshBooks
FreshBooks is a cloud-based accounting system for small businesses. There’s a free version that allows you to manage up to 3 clients, and several full versions with more functionality that range in price from $19.99 to $39.99—all with live customer support.
You can bill clients by email or snail mail; set up recurring invoices; and get paid by credit card, PayPal, or many other payment gateways. You can also set up automatic payments from your clients.
What makes FreshBooks different is that you can use it on your desktop and mobile devices, so you can work anywhere.
See also: Tips to Make Extra Money at Home