BANK OF AMERICA
• Easy to set up, with intuitive spending categories and easy-to-customize transaction descriptions.
• It also tracks reward programs for airlines and hotels.
• You have to be a Bank of America customer to use it.
• Powered by Yodlee technology, but it’s not as customizable as Yodlee’s MoneyCenter.
• A user-friendly tracking tool, but financial-product recommendations are all Bank of America products. Why limit your options?
• Simple interface gives users a clear view of transactions.
• Calendar tool makes it easy to plan and track payments.
• Available only through credit unions and smaller banks.
• Product recommendations are limited to your institution.
• A solid money tracker without bells and whistles. But not your top choice if you’re looking for money-saving picks.
• Great tools to divvy up your paycheck and track cash transactions.
• Huge database of bank products, which it touts as completely independent.
• Forecasting tools are available.
• Beta version is free for 60 days, but after that it costs $5 a month.
• User interface is clunkier than those of other budgeting sites.
• The tools and huge database of products set this site apart. Try the free version and see how you like it, then decide if it’s worth the monthly fee.
• Clean and simple design makes it the biggest player on the block, with more than four million users.
• Just added a “Goals” feature to motivate users to plan for big expenses or savings.
• Auto-categorization sometimes mislabels expenses.
• Navigation of the site is not always intuitive.
• Lacks a tool to project cash flow.
• Ease of setup and range of product recommendations make Mint our favorite budgeting site.
• Estimates your credit score, gives you advice on how to improve your finances and predicts how long you could make ends meet if you lost your job.
• Also based on the Yodlee platform, but it doesn’t track as many financial accounts as Yodlee MoneyCenter or easily show you your net worth.
• A decent alternative to Mint or Yodlee, especially if you are interested in borrowing money and keeping tabs on your credit score.
• Customizable, useful tools predict how your spending will look in the future.
• Online community allows you to compare your spending with that of similar users.
• Have to manually download accounts from many financial institutions.
• Easy-to-use, attractive interface, financial tips and online community make this a good site for budgeting beginners.
• Easy to customize and provides more details on financial transactions and a bigger variety of reports than Mint.
• Lets you track reward programs.
• Has tighter security than competitors.
• Takes you longer to set up an account than with Mint.
• Doesn’t provide advice or product picks to improve your finances.
• Excellent way to get a snapshot of all your accounts, but be prepared for data overload.