Finance

Tools and Resources for Managing Your Personal Finances

There are amazing tools that you can use for managing your personal finances today that can make you feel like a personal financial management pro. Today there is so much software you can use – from QuickBooks to your own bank’s online software. If you’re not already taking advantage of all that you probably have access to, be sure to check it out.

Your Bank

Check with your bank to find out what financial planning tools they have. You may be surprised to learn that with online banking comes a variety of tools such as spending analyzers, budgeting tools, and more.

Mint.Com

This is a low-priced to free software tool that allows you to manage your income and expenses expertly. With Mint, you can track your spending and account balances, pay bills, establish a monthly budget, set financial goals, see your credit score and more.

CreditKarma.com

As mentioned earlier, this tool really is good for monitoring your credit and seeing your credit report anytime you want to, without lowering your rating. They do also serve ads for various credit cards to pay for the service, so be careful.

Spreadsheets

If you don’t want to use software online, you can use spreadsheets instead to analyze your financial situation using your statements. The Balance has a variety of free spreadsheet templates to use for budgeting and more personal finance options.

Community Centers

Many local community centers offer personal finance education. Do a search on Google for your local area and personal finance courses, classes, or workshops.

Meetup.com

There are many people who like to form investment clubs, savings clubs, personal financial clubs and so forth. These are great for information. Do check out anyone before you give them control over your funds, though.

Banks

Some banks offer courses or allow you to meet with a personal financial planner to talk with you about your situation.

Church

Some churches offer classes about personal financial planning, especially classes from Dave Ramsey. If you’re having issues getting a handle on your personal finances, he has a lot of classes, live events, and tools you can use.

Parents or Family Members

If you know someone in your family (such as your parents or others) who are great with their own personal finances and you’re ready to get help, ask them to help you organize and plan.

Take a Class

Your local college may offer a course in personal financial planning that you can take that will help you. You can also take a class on personal finance online at places like Ed2go.com to help you learn more.

Books

There are numerous books on personal finance that you should take the time to read. The more you can educate yourself, the better. One of the best books to give a young person to help them learn about personal finance before they start working is Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner.

Debt Pay Down Calculators

You likely have access to one of these on various credit cards like Discover and with your bank. But this is a cool one called debt snowball calculator that you can use in a strategic way to pay down debt.

Learning everything you can about personal finance will help tremendously with short and long-term goals surrounding your personal finances. Just going through life without a plan and no follow-through will likely not work. Instead, create a plan, get help with your plan, and you’ll be a lot more successful.

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