ôô

5 Best Web Tools for Money Management

Master your money with cutting-edge personal finance technology.

By
Laura Adams, MBA
4-minute read
Episode #240

The software aggregates your online data, so you can see up-to-date balances for all your bank, credit card, and investment accounts in one place. Quicken and QuickBooks also make it simple to create and track a personalized budget and to build customized reports that come in really handy at tax time.

Quicken is loaded with features that make its entry-level price of $50 a bargain, in my opinion. QuickBooks costs over $200, but it comes with advanced accounting features that let you easily manage business functions like invoicing, payroll, and inventory.

Tool #3: Mint.com

If you’d rather manage your money in the cloud, without being dependent on desktop software, Mint.com is a great option. It’s also owned by Intuit and is a free web-based financial service that allows you to track your bank, credit card, and investment accounts in one place. You can create and monitor a budget, get account alerts, and set up savings goals. Mint also has a great free mobile app for your iPhone or Android.

Tool #4: ClearCheckbook.com

If you like managing money online or using a mobile app, but you need more advanced features than what’s offered by Mint.com, check out ClearCheckbook.com. It allows you to manage every aspect of your finances from a customizable account dashboard. You can add transactions, balance your checkbook, view reports, manage your budget, track your bills, and more.

The basic version of ClearCheckbook.com is free, but the features you get from the premium version—like account running balances, importing transactions, creating custom reports, and having multiple users per account—is what really makes the service worthwhile. The premium version of ClearCheckbook.com costs just $4 a month or $42 a year. Definitely a worthy investment.

Tool #5: FamilyMint.com

If you have kids between 6 and 16 years old, FamilyMint.com is an awesome online tool for teaching them about money. It lets kids manage and budget their own finances while parents act as the bank. In case you’re wondering, it’s not affiliated with Mint.com in any way.

Let’s say grandma gives Johnny $20 for his birthday. Johnny can log in to FamilyMint.com and enter that amount as a deposit to his FamilyMint checking account. He gives his dad the $20 to stash away for him or to deposit in a real bank account.

Johnny can also create goals in FamilyMint, like buying a bike that cost $100, and transfer all or a portion of his $20 gift toward paying for that goal. It’s a great training ground for kids because they learn by doing—and parents can approve or deny their budgeting decisions. FamilyMint.com is totally safe because it isn’t connected to a real bank account; it’s simply an online tracking system that encourages hands-on financial literacy for kids.

The free version of FamilyMint.com has lots of functionality, but you can upgrade to a premium version for just $5 a month or $25 dollars a year, which is almost a 60% discount when you prepay. The premium service gives you mobile access, automatic allowance payments, a savings plan that splits deposits into multiple accounts, and matching funds where parents set up extra deposits for kids when they reach certain financial goals.

Participate in a FREE Upcoming Investing Webinar Class!

I’m teaching a free webinar class called “5 Things You Should Do With Your Money Now!” where you’ll find out how to build wealth without exposing your money to too much risk. Plus you’ll learn a set-it-and-forget-it system that automates all the important stuff so you don’t have to be an investing genius to be successful! Grab your spot or get the replay recording at SmartMovesToGrowRich.com.

Download FREE chapters of Money Girl’s Smart Moves to Grow Rich

For more recommendations about the best money management tools, be sure to get your copy of my book Money Girl’s Smart Moves to Grow Rich. It’s available at your favorite book store in print or as an e-book for your Kindle, Nook, iPad, PC, Mac, or smart phone. When you go to SmartMovesToGrowRich.com you can download 2 free book chapters!

Get Your Copy of Grammar Girl’s Punctuation 911!

Do you have trouble with punctuation? Check out Grammar Girl’s Punctuation 911 today!

Image courtesy of Shutterstock

Pages

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.