The Best Free Online Personal Finance Tools

Proper financial management – most coveted by millions and millions of consumers all over the globe. Faced with this tough economy, it is harder than ever to handle your finances well. But the great news is that establishing a solid financial plan for your future has become more affordable and attainable. There are a lot of online personal finance tools that are offered to individuals for free to help them manage their finances better. These are effective instruments to become financially stable while saving yourself from getting into debt trouble.

In today’s modern time, tracking every single detail is quite hard and even more difficult when money is the issue. Thus, getting help from online personal finance tools sounds very beneficial. In addition, these tools come free and very handy. Calculating your cash inflow and outflow can be easily done in the comfort of your home facing the computer.

Personal finance is a method of following your finances in a more streamlined manner. Since listing down on a paper every detail of your expenditures does not function well any longer, a personal finance device found online gives a far bigger and better assistance.

The following are some of the best online personal finance tools from budgeting to checking one’s credit score that are offered to individuals for free:

For Money Budgeting

1.) Mint.com

·Mint.com is one of the most popular and well-loved free online personal finance tools by the people. With over 8,000 financial company connections worldwide, this online means offers a wide variety of understandable and easy to use tools.

·Once you have registered an account, you get 100% access of your whole finances such as your credit cards, grocery bills, loans and other personal expenses.

·It offers a very detailed tracking program about everything that goes on with your finances from – the things you spend your money on, how much monthly savings you have as well as your investment’s performance.

·Automatic alerts are also given to you through a text message or an e-mail especially when you are on the brink of reaching your card’s credit limit or if you have too little money deposited in your bank account.

·In addition to these services, this online tool can also show you budgeting charts and spread sheets that teaches you how to budget in every expense category.

2.) Wesabe

·Wesabe.com is a website that provides strong financial management instruments while at the same time having that social networking appeal since it offers an active forum for clients who seek support and give encouragement to each other in order to reach their respective monetary goals.

·Since it is more hands-on website as compared to Mint, you have the choice of putting your bank or credit card statements on your own. Since this is not done automatically, you safeguard your identity as well as important details such as your account numbers and passwords better.

For Financial Planning

3.) Buxfer

·A more basic and less updated free online personal finance tool found in the web, it is best for people who are looking for fuss-free financial planning instruments.

·However, what makes it stand out among other online financial planning device is its user-friendly interface. Buxfer is equipped with a step-by-step how to guide, easy to understand instructions as well as fast account set up.

For Investment Tracking

4.) Social Picks

·SocialPicks.com is a business based online company that focuses more on tracking a person’s investments. It provides an independent service wherein you can easily gain access of your asset’s performance while at the same time allowing you to make comparisons with other investors. Financial advice is also provided to help you market your investment better.

For Credit Score Checking

5.) CreditKarma.com

·Functions just like your credit score bureau company, this website offers you an updated status of your credit score. Also, advice is given on how you can improve your rating as well as tips on how you can repair a rating with glitches.

·The only main difference is that you need not give out your credit card details. All you have to type in is your name, address and SSS (Social Security Number).

Online personal finance tools are great devices in keeping yourself up to date with your finances current status while at the same time giving you help to make financial planning more effective without the scare of getting scammed.

Lawsuit Financing Companies Use Critical Documents For Research

Companies that provide lawsuit financing have traditionally needed mountains of documentation in order to process a case. The information needed includes basic facts about the situation or incident and the person filing the claim. A great deal of research, background checks and information gathering is necessary to determine whether a plaintiff in a case is eligible for financing. Recent developments in technology have made the process less time consuming and more environmentally friendly for lawsuit financing companies to do the necessary work.

Document Production

A lawsuit involves a great deal of information being passed back and forth between plaintiffs and their attorneys. This allows the lawyer to become well-versed in all of the case’s facts so that they can make the best presentation possible for the client. This exchange of information includes police reports, insurance company correspondence, witness statements, financial documentation and, for medical-malpractice and personal injury suits, medical records from healthcare providers. Client communication and production of documents to the lawsuit financing company are also very important. This helps the company determine whether the case is viable and a reasonable risk to produce a lawsuit advance that will likely be paid back. Most companies have a contingency in the agreement that if the plaintiff does not win the case or receive a settlement, then they do not have to pay back the money. There is thorough review of these documents that are produced by the plaintiff to the legal funding company in the hopes of receiving financing. Medical records alone can sometimes fill dozens of boxes in documentation.

Reproduction
Naturally, the funding company cannot keep the documents, as they are needed by the attorneys for the lawsuit itself. Some of the items may even be personal property of the plaintiff, and they would like it back. Instead, the documentation must be copied and returned as quickly as possible. Due to new technology, this no longer involves photocopying documents on paper. The use of email and electronic correspondence requires very little, if any, paper to be used. Medical records are also more readily available in electronic formats than they used to be. Rather than producing carton after carton of paperwork, the client may come up with several DVDs or CD-ROMs containing the pertinent information. When this is not possible, the staff at the lawsuit funding company can scan the images to create electronic files. These are much easier to store. They take up less space, are not affected by moisture and are readily transportable from room to room or location to location as the finance team does its research on the case. A more environmentally-friendly approach, this is becoming the norm, rather than the innovation.

Tips to Teaching Personal Finance

The current economy has motivated many to begin to provide their children practical financial literacy lessons. Teaching personal finance and raising money smart kids will help keep America strong.

James Truslow Adams, the man that coined the phrase “American Dream” in his book Epic of America, is quoted: “The American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”

Teaching personal finance and raising money smart kids give our children the ability to recognize and capitalize on opportunities which will help them in pursuit of their own personal American Dream. This “Dream” can be achieved with practical financial knowledge and through teaching personal finance our children’s future will be much brighter.

Our children face an almost certain future of higher taxes, less services, and the elimination of the current social security & Medicare system. Read the reports from the Government Accountability Office and you will find that the SSI system will be bankrupt in 2037.

Although it is true that our children will face bigger economic challenges than we had to go through; however by teaching personal finance and raising money smart kids they will be able to achieve their own personal American Dream.

What is available for us to begin teaching personal finance to our kids? Schools’ With all the requirements placed on testing (No Child Left Behind) and the disturbing fact that most schools aren’t given the budget they need – this probably is not where most of our children will receive their financial training.

Parents – Most youth do rely on their parents as the primary source of their money knowledge; however, as the statistics clearly show, most parents do not possess the knowledge necessary to effectively teach their kids about money. They want money smart kids but most were not trained on how to begin teaching personal finance to their children.

There are financial literacy courses that are designed to help you raise money smart kids. Recent home-study financial literacy courses are now on the market and are designed to educate & entertain youth while instilling practical financial lessons. Some even have partnered with sport stars & celebrities to create a powerful draw so your children want check out what their favorite celebrity is doing and picking up money lessons along the way.

There have been several courses that are specifically designed to help parents to begin teaching personal finance. These courses walk parents through the basics of raising money smart kids and often the parents learn as much as the children.

Nonprofits – There are many nonprofits doing great work helping to spread the message of financial literacy and training our youth with practical money skills. Fortunately, financial literacy grant money and corporate sponsorship are empowering many nonprofits with the ability start teaching personal finance so the next generation the pickup the practical financial lessons we “learned the hard way”.

Private Companies – There are companies that thrive in every type of economic environment and in an environment where a lot of people are going through tough circumstances, financial education companies stand to profit while helping people improve their financial situation.

Right now the financial literacy movement is expanding faster than ever at the grassroots level. People want to begin teaching personal finance to their children because they want money smart kids. We commend you on reading this article and looking for ways to empower youth with the financial literacy skills they need in the ‘real world’

Through collaboration with parents, nonprofits, schools, teachers and business leaders – we can begin teaching personal finance and ensure we are raising money smart kids. Doing so will help these youth get the skills they need to live the American Dream.