Free Personal Finance Tools For You

Tom Brown |

Keeping track of finances on a daily basis can be difficult. Luckily, a variety of websites and apps have been created to do a lot of the dirty work. Use the following tools to aid in budget creation and spending habits among other things.

  • Mint - Mint allows you to put all your financials into one place to create an easy view of where you stand. Use Mint to pay bills, create a budget, and get a free credit score. Bank accounts are able to be synced right after sign up, then the system will automatically update with any transactions and alerts.
  • GnuCash - Like Mint, GnuCash is a full reporting software. They differ in the fact that GnuCash makes you self-report all transactions made. The unique feature of GnuCash is that in order to make a transaction, another account needs to be debited. The system will not allow you to make a purchase without knowing where the money is coming from. Transaction can easily be scheduled and an option for recurring payments is also available.
  • Budget Simple - This is used mostly for budget creation. The software looks at your financial habits and then makes suggestions about places areas you could increase savings without having to live on a paycheck to paycheck basis.
  • Personal Capital - This app allows you to connect your financial accounts (IRAs, 401ks, mortgages, checking, savings, etc.) to see how much your net worth is so that you can get a better view of your money when it comes to tracking investments and planning for retirement.  
  • YNAB - This software helps you gain better control of your money to help alleviate debts and save more money in the long run. In 2021, YNAB (You Need a Budget) won best budget building software and is highly rated as one of the best platforms for prioritizing your money.
  • DinkytownDinkytown provides a library of financial tools and calculators to aid users in keeping track of their numbers related to mortgages, loans, investments, and other debts and accounts.
  • Robinhood – This app allows you to quickly buy and sell stock with up-to-date market data. Robinhood minimizes transaction fees to ensure that you’re not being overcharged for making a large amount of trades.
  • Acorns This app connects to your credit and debit cards and then rounds up all your purchases to the nearest dollar. The change that is collected from rounding up is added to your Acorns account and can be used to invest. Similar to some keep the change programs, Acorns maximizes your extra money.

Using these apps and software to aid you in your financial goals will surely show benefits in your everyday life. Looking to use the money you save from these to invest further? Contact Blue Water Capital Management to learn more about our programs.