I like money. I like money management (hey, I’m a personal finance blogger). I like free stuff (who doesn’t?). When you put all those together, you get some of the best free online money management tools to be found.
I’ve talked about it before, but since it is the new year, I thought I would once again highlight some of the best free online money management tools I’ve found. Why online? Well, I have been moving more and more of my stuff to the cloud (so I can access it anywhere from any device), and I’m sure a lot of people have been to. It’s also useful for money management for college students. Why? Because you are always moving around, so having your finances in the cloud is great!
Here are some of my favorites, as well as some that have been mentioned before, but I haven’t used.
Mint is still the industry leader in online personal finance, and it has a lot to offer. It connects with all types of accounts, and it is adding more everyday. It is really good about tracking and categorizing your spending, and helping you stick to a budget. Where it lags is tracking your investment performance, as it seems to have a hard time following investment accounts in general.
Follow this link to check out Mint.
My Favorite: Personal Capital
Personal Capital is the newest player on the block in online personal finance software. It is very similar to Mint, except that is has much more powerful investing tools. Personal Capital is actually an investment firm that offers this software for free. I like it because it has the visuals of Mint, with more powerful investment tracking options, similar to Quicken – but it’s free! You can check out my full review of Personal Capital.
I haven’t tried out these online money management tools, but readers have chimed in about them in the past, so you may want to check them out:
Readers, do you use an online money management tool? What do you recommend?
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him here.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.