Online Tools for Next Level Financial Planning

Posted by DaVaun Sanders on Jan 22nd, 2010 and filed under Finance, New and Noteworthy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

For many entrepreneurs, discovering fresh ways to hustle is no problem. However when it comes to tracking how hard-earned funds are spent, finding proven financial solutions is often a completely different challenge.

A new generation of online tools is available to serve your business and personal goals. Leading the charge is Mint.com, a free site that can help create a budget, monitor multiple checking or savings accounts, and even help determine investment planning.

One feature of particular use is Mint’s ability to show spending trends. The site will categorize your expenses (such categories include: Income, Business Services, or Dining Out) and display them in pie-chart format. This provides a strong visual reference of your spending habits.

Mint also offers text alerts for upcoming bill due dates, and is swiftly becoming an indispensable tool for web savvy entrepreneurs.

Safety and security amidst the perpetual threat of identity theft are of paramount concern to those considering a switch to online financial planning. Take a look at the video on security from Mint.com founder Aaron Patzer and weigh in with your thoughts.

Hustletown readers: Do you use Mint, Wesabe, Yodlee, or any similar online financial planning tools? Please share your experiences and preferences below!

2 Responses for “Online Tools for Next Level Financial Planning”

  1. Katrina says:

    I actually have a Mint.com account but haven’t added my bank accounts yet. I thought this would be a great tool for my finace and I to use (per my previous post) to help us manage our finances. The only reason we haven’t added our bank accounts yet is b/c we’ve both been victims of Identity theft and are a bit leary. We want to take some more time to read up and make sure we understand Mint’s security and how it works before taking the plunge. Also my bookkeeping company uses sites like Mint.com for my bookkeeping clients as I promote total paperless financial managment both for your business and personal life and i want to refer them to companies like Mint. I need time to be sure it is something I can refer to my clientsIn the meantime, we are sticking to excel spreadsheets. I haven’t heard of the other tools mentioned, I’ll check those site out.

    In reading the terms and conditions, I saw it is owned by Intuit which also owns Quicken and Quickbooks, something interesting to know.

  2. Iceman Baldy says:

    Katrina,
    Thanks for the reply. If you decide to use Mint, let us know what you think about it as a resource that others should consider.

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