Money is a topic that many people are afraid to talk about. Whether you’re earning too much or not enough, it can be tough to know where your money should go.
Personal finance services exist with the sole purpose of helping us manage our finances and make more informed decisions when it comes to budgeting and spending.
In this article, we will explore some of the best personal finance services for 2021 with tips on how they can help you with your financial goals.
Personal Finance Service #1: Mint
Mint is a free online financial software1 that helps people understand their money. It shows users over time how they can improve their spending habits in order to meet short-term and long-term goals like retirement or buying a car.
Personal Finance Service #2: Quicken Deluxe
Quicken Deluxe is a highly regarded personal finance software that helps people track their finances. It’s easy to use and presents users with useful financial data like spending trends, debt-to-income ratios, net worth over time, cash flow reports, and more. The service also provides tools for investing in stocks2 or mutual funds as well as retirement planning through Quicken Premier.
Personal Finance Service #3: Credit Karma
Credit Karma is a free credit monitoring service that helps people understand and improve their credit scores. It provides you with your three-digit FICO3 score instantly, shows what’s affecting it (e.g., late payments or high balances), and even offers advice on how to make changes for better financial health down the road.
Personal Finance Service #4: WalletHub
WalletHub is a free personal finance service that helps people compare and apply for financial products like credit cards, savings accounts, loans, mortgages4, and more. It also provides useful information on topics such as student loan refinancing or preparing your taxes which can become complicated if you aren’t familiar with the process of doing so.
Personal Finance Service #5: YNAB
YNAB stands for You Need A Budget and is a very popular personal finance service that helps people manage their money. The program focuses on three main principles: giving every dollar a job, staying out of debt, and living off last month’s income which all work together to help make budgeting easier especially if you tend to overspend each month.
Personal Finance Service #6: Credit Sesame
Credit Sesame is a personal finance service that helps people understand their credit scores5. It provides free tools for learning about the impact of different financial events on your score, how to improve it over time, and what might be preventing you from doing so (e.g., late payments).
Personal Finance Service #7: Moneydance
Moneydance is a personal finance service that helps people manage their money, track expenses, and save up for goals. The program uses an interface similar to Microsoft Excel which allows users to input various financial details into columns or rows in order to better organize everything from monthly bills to daily expenses within one place.
Personal Finance Service #8: NerdWallet
NerdWallet is a personal finance service that helps people compare and apply for financial products like credit cards, savings accounts, loans, mortgages, and more. It also provides useful information on topics such as student loan refinancing or preparing your taxes which can become complicated if you aren’t familiar with the process of doing so.
Personal Finance Service #9: Personal Capital
Personal Capital is a free personal finance service that helps people manage their money. It offers useful features like real-time updates for up to 18,000 financial institutions throughout the US or even in different countries with the automatic categorization of transactions.
Personal Finance Service #10: CountAbout
CountAbout is a personal finance service that helps people save money. It offers useful features like custom savings goals so users can put together an actionable plan for saving towards something specific which might be difficult to do on their own especially if they’re unsure how much they should initially start with or what the best path forward maybe look like.
Are Personal Finance Services Free?
Many personal finance services are free, but some offer a premium version for those willing to pay.
How Can I Get Started With a Personal Finance Service?
You will first need to create an account through their respective websites before being able to access any relevant tools that might be available including entering details about income/expenses as well as adding financial institutions so the service can monitor transactions throughout each month.
The personal finance services that are best for you will depend on your needs, goals, and financial situation. It’s important to weigh the pros and cons of each service before deciding which one fits with your current lifestyle. Once you’ve found a few options that sound like they would work for you, it may be helpful to speak with an advisor or visit their website to get more information about fees, rates of return, etc.