Tools that make Personal Finance easy

Innovation in the 21st century does not stop with personal finance. With the help of new tools and applications, it is now easier than ever to keep your personal finances in order. The ease and efficiency with which many of these new tools operate allow users to worry less about the complexities of personal finance while still sticking to their goals. If you are hesitant to try new products and technology you are depriving yourself of some really great tools that can help you save time and money.

  1. For Your Credit Score: A new tool from CreditKarma.com now makes it very easy to monitor your credit in real time. Many similar services are offered by corporations such as Equifax and Experian at a high price. This service however is free through CreditKarma.com. With this service you will be notified of any significant changes to your credit. You still are responsible for taking the action to dispute your credit file if the need arises.
  2. Banking without the Headache: If you are tired of the hassle and high cost of banking with a traditional brick and mortar bank, perhaps it is time to consider the online banking option. Not only do you forego the ridiculous fees that are typical of traditional banks, but you also receive the ease and convenience of doing your banking from the comfort of your home. Simple is an example of one of these banks. As is always the case, do you research before placing your money in someone else’s hands.
  3. Quick and Easy Bill Pay: Long over are the days of paper bills and fees from forgetting to pay your water bill. If you find yourself with a handful of bills and can’t seem to keep them all in order, perhaps you should try Manilla.com. This is a free tool that acts as a personal assistant by collecting and organizing your bills into one simple place. You can even set up digital reminders that allow you to be reminded via email or text when a bill is due. Not only that but you can give the environment a break by eliminating the paper waste associated with mailed bills.
  4. Simplifying Expense Reports: If you find yourself on the road frequently for a business, there is a great app that tracks your expenses. This tool allows for the import of expenses from your bank and credit card statements. No longer do you need to keep track of receipts either. The app allows you to capture an image of your receipt and save it to your digital expense report. Expensify offers a premium account that offers even more handy tools for simplifying your travels.

By incorporating even a few of these tools into your lives, you can begin to benefit from the advancements in technology. Before buying into any product or turning over sensitive information, make sure that your information is protected and that you are knowledgeable of any terms and conditions.

Comments

  1. says

    For some weird reason, I still have not signed up with the automatic bill pay. I think it is because I want to be cognizant of what bills I have and how much they are AND find ways of reducing/eliminating the ones I can.

  2. says

    Great tips! Autopay is a lifesaver! Before I was a control freak and paid manually. A few late fees made me look for another solution. I use Mint so haven’t fully tested Manilla. They seem to overlap a little.

  3. says

    Billpay/auto are great in my opinion but I have never used the finance apps except my banks own app and ones for following stocks. I like excel for tracking and while I like doing online banking I just find its great to have a brick and mortar to go to when you need something. Let my mom never does banking online so when she wants me to order things online for her it easy for her to deposit the funds in the bank.

  4. says

    Most of my bills are automated and they are really good savers for us. With advance in technology you can have many tools which can ease your life but it is also important that we also understand those fine prints before signing up

  5. says

    My banking standards have gone way up since I opened my first account. Now, I don’t bank with banks that charge fees. I also would never put my money in a bank that doesn’t allow you to do almost everything online. Who wants to be standing in line at the bank anymore?

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