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10 Free Online Tools To Help You Effectively Manage Money - YouTube
Channel: Practical Wisdom - Interesting Ideas
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have you ever wondered why being in control of聽
your finances is the most important aspect of聽聽
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your daily life most times we're caught up in聽
the hustle and bustle of life that we tend to聽聽
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neglect just how important this is sometimes聽
you come to this realization only when you've聽聽
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got things messed up so bad you may begin to聽
seek professional help but seeking help from聽聽
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a financial advisor or enrolling for training on聽
personal finances doesn't come cheap when you're聽聽
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already in a deep financial mess spending money聽
to get professional help could feel like putting a聽聽
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gun up to your head many people get stuck at this聽
point in their lives simply because of neglect聽聽
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it's baffling that as important as personal聽
finance is it's the most neglected topic why the聽聽
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answer is simple no one learned personal finance聽
and its management in school so you were left聽聽
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at the mercy of your parents who themselves may聽
have suffered financial hiccups all their lives聽聽
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if you're lucky you may come to a point聽
of knowledge only after you've suffered聽聽
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a series of trials and errors so what聽
will you do to avoid this dangerous trap聽聽
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that's what this video is about you'll get the聽
answer in a moment but first i'd like you to聽聽
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do me a favor like this video and go ahead and聽
click on the subscribe button that way you'll be聽聽
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notified on the new release of our informative聽
videos such as this done awesome let's dive in聽聽
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here's why you need to manage your money first of聽
all to put your financial life in order if you're聽聽
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going to have an organized financial life you must聽
manage the money that comes to you and how you聽聽
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spend it human beings by nature desire a lot of聽
things for themselves but very few of these things聽聽
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truly matter sound knowledge of what your wants聽
are versus what your needs are will help you to聽聽
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know what's important and what's not you will then聽
be in a good place to cut off unnecessary spending聽聽
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that could drain your income in no time and get聽
you into debt a disorganized financial life can聽聽
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be as dangerous as any bad omen the ability to聽
effectively manage your money is a skill that can聽聽
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be acquired no one was born with it it can only聽
be developed by continuous effort and dedication聽聽
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once you develop it then you can put聽
your financial life in the right order聽聽
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number two to effectively meet your financial聽
needs what are your financial needs how do you聽聽
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plan to carter for your present bills have you聽
ever thought of the things you'd like to have聽聽
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in your life in the next year five years聽
or even 10 years would you need a new car聽聽
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in the next year do you hope to get married in the聽
next two years are you planning to have kids and聽聽
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start raising a family what plans do you have to聽
pay off your mortgage in the next 15 to 20 years聽聽
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what of the college tuition for your kids and your聽
retirement plans these are all essential financial聽聽
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needs your ability to properly manage your money聽
today will determine how well you will achieve聽聽
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these expectations without finding yourself in聽
deep waters number three for improved financial聽聽
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education as i mentioned earlier no one teaches聽
anybody how to manage their money in school聽聽
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a lack of this knowledge has put many families聽
in difficult financial situations many divorces聽聽
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and breakups and relationships have been traced聽
to financial problems when you start managing聽聽
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your money in an organized manner you'll begin to聽
learn things you never knew before about finances聽聽
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you'll learn more about important subjects such聽
as taxation insurance mortgages debt management聽聽
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savings and investment your ability to spot good聽
investment opportunities will increase over time聽聽
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and with consistent efforts you could聽
even grow to become a smart investor聽聽
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number four to prevent difficult deaths it's聽
better to avoid getting into difficult deaths聽聽
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than to struggle to get out of them i once聽
saw a documentary about homeless people i聽聽
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noticed that a good number of them had been聽
top professionals some of them worked in聽聽
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fortune 500 companies and others were high聽
earning athletes before misfortune struck聽聽
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apart from a few folks whose problems could聽
be traced to lifestyle issues such as drug聽聽
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addiction or gambling many of these homeless聽
cases were as a result of difficult deaths聽聽
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this could have been avoided if they had the聽
information you're getting from this video today聽聽
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number five to provide you and your family with聽
financial security the sooner you start to manage聽聽
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your finances the better you will get it at over聽
time with the knowledge gained you can make better聽聽
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financial decisions that could help you achieve聽
financial freedom for yourself and your family聽聽
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then you wouldn't have to worry about losing聽
your home to a mortgage paying tuition for your聽聽
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kids will not be a problem your retirement聽
plan will be top notch all because you know聽聽
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you're doing the right things so below are some聽
online tools that could help you manage money聽聽
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one personal capital personal capital is one of聽
the most efficient budgeting tools this tool is聽聽
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suitable for people who would like to manage聽
all their finances and investments on one page聽聽
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it could help you plan your budget and also help聽
with your investment plans such as managing your聽聽
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retirement account there's a disclaimer though聽
the registration and the use of the budgeting聽聽
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tools are free but the investment tracking option聽
on personal capital would require you to pay one聽聽
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percent of every successful investment as a token聽
2. mend mint is a free budgeting platform that can聽聽
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help you track most aspects of your finances it is聽
completely automated and can track your cash flow聽聽
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and budgeting it's also one of the most popular聽
personal finance sites available online men can聽聽
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analyze your finances and offer suggestions聽
for places you can save on common expenses聽聽
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on this site you can gain more financial knowledge聽
such as finding out about credit card rates聽聽
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with some research you can identify a bank account聽
that pays more interest and you can also set聽聽
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savings goals mint offers free apps and with your聽
tablets or smartphones you can track your spending聽聽
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the platform also provides several graphs and聽
charts for you to review so this tool could聽聽
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be of great help to people who learn visually 3.聽
pocketguard realizing the dangers associated with聽聽
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sharing your bank details the creators of this聽
tool built encryption that protects your data from聽聽
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third party activities pocketguard safely connects聽
your financial accounts to your budget accounts聽聽
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it can help you plan your finances this聽
application analyzes your bills debts and聽聽
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other payments based on the analysis it suggests聽
ways through which you can save more money聽聽
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4. wally wali functions as a financial and聽
resource budgeting tool it efficiently tracks聽聽
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income and expenditure this application is聽
completely free it also allows you to track聽聽
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your costs with different options you can either聽
type your inquiry into the blanks provided or you聽聽
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can take snapshots or receipts wally provides you聽
with notifications for important activities on the聽聽
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platform such as your bills due for payment your聽
saving goals and other milestones this allows for聽聽
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a wide variety of foreign currencies and offers聽
applications for android ios and windows users聽聽
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5. unsplurge this application can help you manage聽
your finances with a specific goal in focus聽聽
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it can also help you save up for targeted projects聽
such as buying a property purchasing a new car or聽聽
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going on a vacation this tool can also give聽
you suggestions on how to make more savings聽聽
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6. savvy money savvy money can help you clear聽
off debts as well as manage your savings聽聽
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with this tool you can effectively make down聽
payments of debts and also boost your savings聽聽
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this platform offers you the opportunity聽
to analyze your financial status carefully聽聽
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by understanding your current financial聽
circumstances the actions and inactions聽聽
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that brought you here you can create the plan聽
for paying off your debts placing your income聽聽
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and expenditure side by side this tool can help聽
you come out of difficult financial situations聽聽
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seven simple simple is another free online聽
budgeting platform that performs more actions聽聽
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than just managing your budget it functions as an聽
electronic banking platform that can substitute聽聽
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for your traditional banking account its banking聽
option provides effective interactions between聽聽
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your bank processes and your budget its safe to聽
spend feature lets you know when you can make聽聽
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more expenses apart from the ones you previously聽
included in your budget simple also has a savings聽聽
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feature that supports you to keep saving with聽
this tool you can track your bank account budget聽聽
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and savings on the same platform it's free to聽
use and can be accessed on all digital devices聽聽
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eight my money circles financial experts have聽
suggested that this site functions as a personal聽聽
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trainer for your money the only difference here is聽
that you're getting the service free on this site聽聽
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you can participate for free in a boot camp match聽
to your financial goals all it takes is for you to聽聽
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spend 20 to 30 minutes every day completing online聽
tasks that will boost your financial intelligence聽聽
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9. smartypig this site is primarily designed聽
to save money it provides customers with free聽聽
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online savings accounts in other words the聽
company supports saving for specific purchases聽聽
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on this platform you can set up multiple聽
savings accounts all you need to do is聽聽
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to determine your specific saving goals聽
and monitor your progress on the website聽聽
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you're meant to utilize a smartypig savings聽
account to help you reach one savings goal聽聽
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at a time the company's in partnership with聽
other businesses to offer more value to users聽聽
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let's assume you are saving to make a specific聽
purchase such as a car down payment for a home聽聽
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etc smartypig offers you a reward when you buy聽
from one of the businesses that partner with them聽聽
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this financial tool allows you to share your聽
financial goals on social media if you need聽聽
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friends and family to hold you accountable聽
for your goals your social network can as well聽聽
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contribute to your account such assistance could聽
help you reach your financial aims even faster聽聽
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10. annual credit report on this platform you can聽
get one free credit report every year reviewing聽聽
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your credit report can be very helpful because聽
you'll see the same things intending lenders聽聽
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would see on your record you can dispute and fix聽
errors on your credit report you can also get聽聽
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information on ways to improve your credit profile聽
approval or denial of a new credit card could be聽聽
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linked to how much improvement you made on your聽
credit profile beyond these tools that have been聽聽
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outlined there are several free budget templates聽
available from microsoft and google sheets聽聽
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if you prefer spreadsheets over online software聽
you can do a quick google search for budgeting聽聽
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templates the search results will bring up lots聽
of options you can select your desired interface聽聽
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with this you can use it to keep your budget聽
in shape over time do you still have any reason聽聽
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not to track your income and spending i'm sure聽
you don't you no longer need to spend a fortune聽聽
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getting the services of a personal finance coach聽
with all these free budgeting tools available you聽聽
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can start managing your money today set savings聽
goals and begin to keep tabs on your investments聽聽
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from your devices using any of these tools to聽
manage your money is just one part of the deal聽聽
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your discipline with money is the other part聽
in all that you do you must determine not to go聽聽
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beyond your budget when sourcing for the right聽
application remember to go for budgeting tools聽聽
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that suit your planning style the most it must聽
also provide you with reliable service constantly聽聽
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well folks there you have it if used any one of聽
those tools can have a positive impact on your聽聽
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finances and if you would like to take your聽
financial journey to the next level i highly聽聽
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recommend you check out money eq by ken honda on聽
mindvalley i'll leave a link in the description聽聽
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if you enjoyed this video you might like these two聽
seven ways to easily multiply your income in 2021聽聽
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and how the poor invest versus how the rich聽
invest so thank you guys so much for watching聽聽
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have a great day and i'll聽
see you all in the next one
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