Comments on: FREE Online Money Management Tools

By: Sophia

Sophia — Sat, 30 Jul 2011 15:27:01 +0000

Thanks, giving this one a try for my kids who are beginners in the world of finance management. They don’t have much to manage at this point… checking, savings simple bills and payroll deposits – no investments, retirement accts, or debt as of yet. I want for them to have a simple tool that will help them be good money managers as grown up adults, the bonus is it’s free.

By: K M

K M — Tue, 21 Jun 2011 16:49:27 +0000

I like ManageYourExpenses(.)com. It is very simple to use and it is FREE!. It has good features like budgeting, bill reminders and also feature for sharing expenses between roommates/friends.

By: dmiller

dmiller — Thu, 17 Mar 2011 05:48:37 +0000

I like onebudget.com for they support online as well as manual accounts. and good feature like cash flow, net worth, bill alerts along with usual budgeting etc.

By: Carlos

Carlos — Thu, 11 Nov 2010 04:02:04 +0000

Hey there!

A question to the experts

I’m trying to understand more about personal finances, my accounting basics went wrong T_T. Do you have any recommendation to someone who wants to learn about money while tracking it? let’s say a “beginers” level type. I’m looking strictly for free software since i’m not comfortable with my basics yet.

what alternatives are good both in the cloud based and desktop based categories?

Thanks!

By: Lundie

Lundie — Fri, 05 Nov 2010 21:57:58 +0000

I am also looking for a replacement for Quicken Online. Mint.com just doesn’t cut it. It’s very frustrating to me to have been forced into Mint when it’s not “just as good”. I want a combination of cash flow management AND big-picture analysis. I really love the idea of PNC Virtual Wallet’s tools, but am not ready to move my accounts…

I am going to check out a couple you mentioned and hopefully find something to replace Mint.com.

By: Lynn

Lynn — Fri, 22 Oct 2010 05:37:15 +0000

I agree with the comments on your article regarding Mint. I used QuickenOnline for 1.5 years and it worked great. I have yet to find an equivalent site – I have tried Mint and Yodlee. And while both are ok, neither has all the features of QuickenOnline. I have emailed their customer service, to no avail. I did not even get an answer. If anyone finds a site that has recurring bills, please let me know. Will the desktop version of Quicken automatically update your account transactions?
Thanks Ryan for your article reviewing the sites…. There are a couple I will go check out hoping that they compare to QuickenOnline.

By: Ryan

Ryan — Sun, 12 Sep 2010 00:47:55 +0000

John, I’ve experienced the update problems as well, but I haven’t had the same experience with my brokerage and the sweep account. It’s probably just isolated to one, or a small handful, or brokerages. That doesn’t make it any less frustrating though! Overall, I think Mint has come a long way, but I agree, it isn’t yet a perfect solution. But I’m not sure a perfect solution exists at this point. Thanks for sharing your experiences.

By: John

John — Sat, 11 Sep 2010 20:39:46 +0000

I’ve used Mint since January of this year, and the biggest core defect I find in the program is the sporadic account update problems. Currently, many of the bank accounts cannot be updated. Mint has no direct communication with users other than the help site, and you never get an update on any corrective action directly from Mint or posted prominently on the web page.

A second, irritating problem with Mint is the inability of the user to correct erroneous information downloaded during the updates. As an example, my brokerage does a sweep from a MM account for the cash to make an investment purchase, and shows the sweep as a negative cash amount in the purchase transaction. Mint picks up this negative cash in the transactions, and understates the investment account by the cash amount. End result is that the overview tab shows the correct investment total and the investments tab shows an erroneous total. A simple fix would be to enable the user to delete the negative cash transaction in the investments tab, but Mint never gives any feedback on their attempts, if any, to correct the problem. The “exclude from Mint” function does not work to correct the investment tab total.

Of the million or so Mint users, from reading the help blog, and from my own experience, many are frustrated by the update problems and by the lack of communication from Mint concerning any fixes they are working on and the estimated completion dates. It’s a good program, but definitely has some serious core problem that need to be resolved to make it a useful tool.