Advertisement
Financial Planning

Great Free and Low-Cost Online Tools to Manage Your Money

These online resources will help you get your finances in order.

If you’re up for the task of organizing your finances on your own, you’ll find no shortage of free or low-cost online tools to help you do the job. With a budgeting app such as Mint.com, for example, you can track bank, credit card and loan balances, monitor your investment portfolio, set savings goals, and see your credit score. HelloWallet ($100 a year or free as an employee benefit from participating companies) also provides budgeting and investment-tracking tools, plus a financial-wellness score that digs into such areas as insurance coverage and emergency savings. You can use a calculator that determines how much you should have in your emergency cash stash free at HelloWallet. Kiplinger.com's Retirement Savings Calculator estimates the future value of your retirement savings and projects how much you need to save monthly to meet your goal.

Web tools can go a long way toward shaping up your finances, but they can’t do it all. Along with taking a more comprehensive and personalized look at your situation, a human adviser can hold your hand in a crisis. If you’re prone to panic when the market goes into free fall, for example, you may be better off working with someone who can be “a barrier between you and an overreaction,” says Arielle O’Shea, investing expert with personal finance site NerdWallet.com. And if you’re dealing with a considerable amount of wealth or don’t want to do the research and other legwork required to manage your own money, you’re better off hiring a person.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

Some outfits supplement their online components with counsel from live advisers. At LearnVest.com, for example, you can use a free budgeting tool without any further commitment. If you want to work with a fee-only certified financial planner (or an investment adviser), you can have a relationship with one over the phone or via e-mail for a one-time fee of about $300, plus $19 monthly.

Personal Capital offers a free online tool that tracks cash flow, budgeting and investments, plus an investment checkup with recommendations and an analysis of fees. If you’d like to consult a human investment adviser, you’ll be charged from 0.49% to 0.89% of your investment account balance, depending on its size.

Advertisement

Most Popular

65 Best Dividend Stocks You Can Count On
stocks

65 Best Dividend Stocks You Can Count On

These 65 Dividend Aristocrats are an elite group of dividend stocks that have reliably increased their annual payouts every year for at least a quarte…
July 8, 2020
8 Ways You Might Be Cheating on Your Taxes
taxes

8 Ways You Might Be Cheating on Your Taxes

Don't fall into these common traps that can get you in hot water with the IRS.
July 8, 2020
Find a Great Place to Retire
happy retirement

Find a Great Place to Retire

Our cities provide plenty of space to spread out without skimping on health care or other amenities.
July 2, 2020

Recommended

Closing Bell 7/10/20: Gilead Gives Stocks a Booster Shot
Markets

Closing Bell 7/10/20: Gilead Gives Stocks a Booster Shot

Stocks rallied out of negative territory Friday after Gilead announced that remdesivir helped reduce COVID-19 mortality risk in a clinical trial.
July 10, 2020
2020 Stock Market Holidays and Bond Market Holidays
Markets

2020 Stock Market Holidays and Bond Market Holidays

Is the market open today? Take a look at which holidays the stock markets and bond markets take off in 2020.
July 10, 2020
Closing Bell 7/9/20: Another Split Market as Jobs Concerns Grow
Markets

Closing Bell 7/9/20: Another Split Market as Jobs Concerns Grow

A mounting list of planned playoffs weighs on stocks Thursday, though Big Tech manages to hoist the Nasdaq up to another record high.
July 9, 2020
Closing Bell 7/8/20: Tech Stocks Lead Wall Street Forward Again
Markets

Closing Bell 7/8/20: Tech Stocks Lead Wall Street Forward Again

U.S coronavirus cases continue to spike, but Apple helped lead another Big Tech rally to drive the major indices higher Wednesday.
July 8, 2020