An interesting article ran in the New York Times today: Lose Confidence in Your Bank? Try the Web. The article says that despite people’s growing mistrust in banks, they are placing more trust in online financial management tools. Unlike the economy, registrations are up not down, and people are getting smarter and more disciplined about how they manage their money (which is a very good thing). Below I’ve shared the financial tools mentioned in the article and a few other helpful sites.
Seven Great Online Money Management Sites
Mint
Mint pulls financial information from all of your accounts (for example: checking, savings, credit card, investments, mortgage); shows spending trends, allows you to create and manage budgets and sends weekly or monthly financial summaries via email. You can also text Mint to receive an instant update on your account balances, or download its free iPhone app for instant access.
Credit Karma
Allows you to check your credit score for free as often as you’d like.
Smarty Pig
A “social savings” account that allows you to share savings goals with friends.
Wesabe
In addition to online account management features, Wesabe describes itself as “part money management tool, part community.”
Cake Financial
A system to specifically help you manage and view investment accounts.
Thrive
Also similar to Mint.com, Thrive brings all your credit card, checking, savings, retirement, and investment accounts into one place so you can “easily see what you have, what you owe, and where you can grow.”
Rudder
Rudder’s best feature is it’s detailed financial summaries – delivered straight to your inbox. Account management features are in line with the other websites above.
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Thanks for the mention, Jenny! We’re particularly proud here at Thrive, given the college focus – we’ve just started a program at NYU to do financial literacy education for the students and we’re convinced that helping people actually start to simplify and understand their finances can go a long way towards creating real social change that makes the lives of every day people easier. And blogging about those issues is a real part of it – thanks for all you do.
Jenny,
Thanks for the coverage of Cake Financial! We really appreciate the mention of our company. At Cake, our goal is to help investors increase the returns on their investments. For those just getting started after college, one of the most important decisions is to begin investing into a 401k and IRA to save for retirement.
Cake Financial helps individuals understand their investment returns and identify mutual funds and Electronically Traded Funds (ETFs) that are appropriate for an investor based on their goals.
Take care!
Laurence