A Great Tool to Monitor Your Personal Finances

Get on Top of Your Finances

As we have said in the past, it is important for you to stay on top of your finances.

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This means more than just paying your bills on time. It means understanding and monitoring your finances. It is one our tips to repair and protect your credit score and it is crucial if you are looking to reduce your credit card debt.

Luckily, it’s not as difficult as you would think. Actually, it’s really easy and it’s completely free! There is an online tool that some of us here at Home Equity Solutions use for our personal finances. We think it’s great and wanted to get the word out.

Mint Money Manager

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Mint is a free, online, money managing software brought to you by Intuit, the same folks that make Quikbooks. If you are self-employed/ a small business owner, you have probably used Quikbooks before and would have a pretty good sense of how it works.

Mint has some fantastic features that will help you get on top of your finances:

  • Securely connect to your various bank accounts and credit cards – Mint will connect to your bank accounts and automatically pull in both new and historical data
  • Weekly summaries sent to your inbox – Mint can send you (you can change the options) weekly summaries of how much you are spending, so you can see if any odd transactions come across or if you are going over budget
  • Automatic categorization of expenses – Mint will categorized each of your transactions. This lets you see how much you spent on groceries last month (for instance). This is essential if you want to make a budget for yourself
  • Make a budget – Mint can you help you design and stick to a budget. It uses your previous spending to set targets and lets you know when spending in any of your categories is approaching that target
  • Set goals – Looking to save for a down payment? Set up a savings goal in Mint
  • Track trends – See how your spending is changing over time.

What’s best of all is that Mint is absolutely free. It’s not a product we made, nor do we benefit directly if you sign-up. If you are looking to get a better hold on your finances, then this is the first step you should take. Find out how much you are spending on what, make a budget, set goals, and improve your finances.

Other Useful Online Resources for Personal Finance

If you are interested, you can go to their website here:

Check out Mint.com