We all have goals, both long-term as well as short-term, especially when it comes to money, but it’s always hard to be disciplined enough to meet these goals, and this is where online financial tools come in. They are designed to help with your financial goals.
These tools include apps that can be able to master the basics of finance, and they are efficient at managing your money to help you discover how your goals can be met. Since there are many aspects of financial management, there are also many tools for the job.
Some of these apps deal with budgeting, while others deal with investments and savings. It is up to you to decide which ones you will use, and in most cases, you might be required to use more than one to cover all the aspects of your finances. Let us look at a few of them.
Best Financial Management tools
The below financial management tools will assist you in effectively managing all aspects of your budget.
This financial tool covers everything, and it is one of the oldest and most established software on the market today. You will be able to use it to manage many different aspects of your financial life from debt tracking, investment coaching, and even savings.
It is a software that enables you to do Excel exporting, which can help you manipulate and even perform all sorts of additional calculations of your financial data. The most advanced feature of this app is bill payment that allows you to set up payments for your bills right on the software.
The cost of the app starts at $34.99, and it is compatible with macOS, IOS, and Android.
Budgeting App: Mint
This is one of the most popular expense tracking and budgeting tools. You can easily have the software pull in your credit card and bank information to analyze your spending and even pinpoint the areas where you need to cut back to improve on your finances.
For accountability purposes, Mint will allow you to set up some alerts of different things such as low balances and due dates so you can always keep track of them. Their features are good as they help you avoid expensive fees for late-payments and overdrafts in the bank.
Best for Habit Building – YNAB
YNAB stands for You Need a Budget, and it is a personal finance software that is usually aimed at improving your financial literacy as you try to manage your monthly budget. This also creates a budget and manages your finances daily.
It comes with tutorials that will help you tackle and manage some of the toughest financial topics. If you are struggling with bad habits, YNAB will help you break them down by use of simple financial management rules.
It automatically links to your bank account and can integrate your spending information and analyze your budget tracking. You can easily keep tabs on how you are achieving your goals and keeping to your budget.
The software in full will cost you $11.99 each month and around $84 each year.
For Taxes – TurboTax
This software will come in handy during tax time. It is a pricier tax preparation tool, but it is also consumer-friendly, and walking through your tax preparation with the software will help you to file your tax returns accurately.
It works very easily, by entering your tax information simply on the system, and you can also import your W-2 information from your employer and then take a picture of it. Then the software will transfer this information onto the form for you.
On the other hand, if you need professional help, TurboTax will connect you with an enrolled agent or a CPA who will offer you personalized help and advice for whatever needs you may have.
Financial management if vital if you wish to become financially independent, and since it encompasses many different aspects, having more than one tool to do this is always wise. Our tools above can work as a starting point towards your financial management.