3 Online Financial Tools That will Help You Achieve Results
The following is a guest post. If you’re interested in submitting a guest post, please check our guidelines on our contact page.
Managing personal finances has always been a complicated task. Keeping track of even the minutest of expenses and cash flows can prove to be too much work for people who simply want to stay on budget and achieve their financial goals at the same time.
Thankfully, technology is on our side. Here are 3 online financial tools that will help you achieve results that you’ve always wanted:
Have you ever wanted to dabble in the stock market and try your hand at long term investing? For those who don’t have much of a financial background, handling stocks and bonds can be an intimidating and confusing task. You need to know how to manage and diversify your portfolio, plus calculate risks at the same time so as to maximize your investments.
Those who don’t have the time to learn the ins-and-outs of stock investing can use Betterment. Betterment is an online application that guides its users to invest their money in the best possible way.
Upon signing up, the app will ask you for the financial goals that you want to achieve. It will then use this information to formulate a financial strategy and suggest the best stocks and bonds that you can invest in. You can then link your bank account with Betterment for seamless automatic deposits every month.
Another great feature of this app is its Analysis page, which allows people to see the performance of their investments at one glance.
Betterment costs anywhere between 0.3% to 0.9% of the total balance in your account; there are no minimum fees and required maintaining balances.
When it comes to personal finance management and tracking, Mint is undoubtedly a great, if not the best, online tool for the job. This is nice app for people who want to track their expenses the easy way.
If you have a US bank account, you could maximize Mint’s automatic tracking feature. Your past transactions will be assigned into appropriate categories (which you can easily change, if you wish) by the Mint system upon linking your bank account. Aside from categorizing expenses, you can also set up a Mint budget which you can use to map out future expenses and spendings. For example, you can set up a monthly budget for clothing; once the Mint detects a transaction in your account for clothing expenses, it will then automatically update your budget for you. No need to input anything by yourself. You can also set up email alerts to remind you of bills, credit balances,over budgeting and other account matters.
And best of all, Mint is absolutely free to use. You can also download mobile apps for iOS and Android devices if you want to carry track and manage your finances on-the-go.
Stay on top of the latest financial news and stock market information with Google Finance. This web service is a one-stop shop for all the financial data on the Internet that you want to keep track of. For heavy Google or Gmail users, Google Finance is the right online tool for you. Just log-in with your Google account, specify the financial information that interests you, and let the app do its thing. You can also edit your Google Finance portfolio so that it shows all the latest information about the stocks that you have invested in.
My name is Kevin Watts and I am the creator of Graduating from Debt. I was like millions of recent college graduates in heavy debt with very little hope. With the right attitude and discipline I took control of my financial picture and now I can say proudly that I am debt free