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At one point or another we have all struggled with money management. Now we have access to so much information from the internet, financial professionals and even the companies we work for. But sometimes that isn’t enough- and sometimes that can be totally overwhelming! The following 5 tools are totally free and totally fantastic – take a look to see which tools or tools work best for your needs!
Mint combines all of your bills and all of your bank accounts in one easy to understand financial space. You will see exactly where your money is going, which will allow you to cut back if you need to or throw more money at a specific debt to get it under control as quickly as possible. The user-friendly app lets you check in on your finances 24 hours a day from the convenience of your smartphone.Good Budget.
Good Budget is a digital version of the paper envelope system. Each paycheck you set aside $x in separate “envelopes” and you are sure to have what you need to pay your bills, and whatever is left can be saved or spent. You create a budget based on your needs and what works best for you. The standard version is free and includes 10+ envelopes, which should be more than enough for most household budgets, and link one bank account. If you need more envelopes you can upgrade to the “Plus” version for $6/month.
If you have trouble keeping track of multiple big picture ideas you want to save money for, Smarty Pig may be the answer for you. You decide how many different areas you are saving for (think anything from holiday gifts to a wedding to your retirement) and what amount you would like to put in each category every paycheck. Through direct deposit, you set it and forget it. With decent interest rates you will be surprised how fast your savings grows without you having to think about it much at all.
This is pretty awesome, because MyMoneyCircles offers a 4 week financial bootcamp with success guides that take 20-30 minutes a day. By the time you finish the camp you should know just about everything you need to know to manage your debt and your money like a pro. Think of it as having a personal trainer for your money.
Personal Capital.If you are having trouble keeping track of your investments, or understanding how they work together, this tool will help you figure it all out once and for all. You will be able to determine if you are under or over exposed, and also keep track of your 401k, mutual funds, IRA’s, stocks, etc.