Top Six Free Web-Based Personal Finance Tools

For those of you who are finding the right tool to manage your money, below are the list of six best free web-based personal finance tools.

1. Mint
   

   It is the most well-known web-based personal finance tool because of its simple setup and easy to use budgeting tools. It automatically retrieves your financial data from your online financial institutions then analyzes and integrates it. Mint's many budgeting features, alerts, and charts help you manage your spending & investment with ease.

2. Yodlee

   It is actually the back-end that runs most of Mint. Also, it is simple and seamless to set up. It automatically connects to and updates information from your financial institutions for you as well as providing similar features for alerts and reminders.

3. Wesabe

   It is also called the financial social networking site. It tracks your finances and lets you interact. Once you upload your data to a site, your information is shared anonymously with thousands of users who have similar interests and spending patterns. Everyone passes along tips on saving, investing and spending. Then it will aggregate and analyze the community members’ personal financial data, and showing recommendations to get the most from your money.

4. Expensr

   This is another web-based finance tracking site. Like several other sites we've covered already, this one also lets you enter your income and expenses, and then gives you information about your money. Since Expensr is also a social network site, you can compare your spending against others. This means you get to see the aggregated data of the users of a particular tag. It's easy and simple to create accounts, enter transactions, and see the charts of where your money is going.

5. ClearCheckBook

   This is an online checkbook. Instead of having to keep track in the paper checkbook that the bank provides, here you can keep track of your checks, card purchases and cash with Web 2.0 and lots of productivity features. You can also work with your accounts on an SMS or Aim enabled cell phone, iPhone or iPod Touch. It also allows you to place a spending limit for each account. Colorful indicators let you know when you are reaching your limit.

6. Buxfer

   This is a web service especially good for tracking shared bills and expenses. It is best suited for roommates, family members or groups of friends who share expenses and want to sort out the bills. It automatically splits the bill among participants into either equal or weighted shares. You can upload your bank transactions, understand where you are spending money, set up budgets, and get reminders.

Feel free to try any of the above personal finance tools. And hope that it can help you achieve your financial goals much easier.