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    31 August 2008

    Managing Money Online

    With a hard-hitting credit crunch beginning to take its toll on the masses, and rising fuel and food costs already causing distress, more and more people are turning to the web in order to cut costs and to make use of the valuable financial tools that exist online. We hope this list comes in handy, and let us know if you feel there are anymore that deserve a place below!

    Budgeting & Money Management

    There’s an always increasing number of tools and websites devoted to helping you manage your money. Each of these will be unique, but many have similar functions for budgeting and tracking expenses, and some will integrate with your bank accounts. The list includes both free and paid tools:

      1. Quicken Online – Manage your personal finances and online banking accounts.
      2. Mint – Free personal finance software to assist you.
      3. Yodlee – The most comprehensive online banking solution on the market.
      4. Expensr – A solid solution for a young adult’s simple finances.
      5. Wesabe – Save Money, Spend Wisely and Reach Your Goals.
      6. Walletproof – Search for money saving deals recommended by other Walletproof users.
      7. SpendView – Analyze your spending in a simple, automated and efficient web based personal finance tool.
      8. billQ – An easy way to keep track of your bills.
      9. Buxfer – Free online personal finance software for budgeting and expense management.
      10. Pear Budget – Start an easy budget for free.
      11. Geezeo – Free online personal finance managment service.
      12. Mvelopes – Lets you create a household or personal budget.
      13. iOWEYOU – Expenses sharing calculator.
      14. Billster – Helps people organise their personal and shared expenses.
      15. BudgetTracker – An online finance manager.
      16. Budget Pulse – An interactive, web-based budgeting utility.
      17. Dimewise – Financial management you’ll actually use.
      18. Spicy Digits – Managing your recurring expenses is a breeze.

    Online Savings Accounts

    Online savings accounts offer much higher interest rates than you can get from traditional bank savings accounts, and they can be pretty convenient too. Of course, these banks will not be available to all parts of the world. The list is separated by the US and UK.

      US:
      1. ING Direct – High interest savings account from ING Direct.
      2. HSBC – Provides a wide range of financial services to consumers and businesses.
      3. Capital One – Get information on Capital One credit cards, auto loans, home loans and mortgages, savings.
      4. FNBO Direct – Offers high interest saving accounts with the convenience of banking on the web.
      5. E*Trade Bank – Banking and lending products and services supported by high yields.
      6. Savings Square – It takes money to make money, but it only takes 10-15 minutes to open a new Square Savings Account.
      7. GMAC Bank – High Interest Rates for CDs and Money Market Accounts.
      8. Countrywide Bank – Institution focused on keeping costs down in order to provide higher interest rates to depositors.
      9. EmigrantDirect – High rate, no fee, no minimum savings accounts and certificates of deposit.
      10. CitiBank – Get rewards for your everyday banking.
      11. Provident Direct – Provident-direct has great online savings rates.

      UK:
      1. Barclays – Find personal banking services with Barclays personal banking.
      2. Cahoot – Access to your accounts 24 hours a day or use our mobile banking and automated telephone services.
      3. Egg – UK-based Internet bank gives customers online access to their accounts.
      4. ICICI Bank – ICICI Bank provides personal banking, NRI banking and corporate banking.
      5. ING Direct – Offering one of the highest savings rates with no fees and no minimums.
      6. HSBC – For all your personal and business banking needs.
      7. CitiBank – Provides a range of personal banking services, credit cards, insurance, and investments.

    Invoicing Tools

    For those of us who bill clients, online invoicing tools are a big time-saver, and they can help you to stay organized by knowing what invoices have been paid. Many of the options listed here include both a free and a paid version, or a free trial period. Some of the items on this list strictly handle invoices, and others provide additional money management functions:

      1. FreshBooks – Online invoicing and time tracking service.
      2. Billing Manager – Free online invoicing software.
      3. Invoice Place – Tax Invoices, quotes and receipts – fast and easy.
      4. Pay Simple – ACH, eCheck, and Merchant Account Processing.
      5. Less Accounting – Small business accounting software.
      6. Blinksale – The easiest way to send invoices online.
      7. Invotrak – Keep track of your invoices and time sheets quickly and easily with invotrak.
      8. Invoices Made Easy – Create, manage, customize, print, and email your invoices completely free.
      9. Bill My Clients – Easy way to create and send invoices and bills to your clients.
      10. Billing Orchard – Online electronic billing software application.
      11. WORKetc – Includes CRM, time tracking, documents and billing.
      12. Simply Invoices – Easiest way to create invoices from the time you’ve logged in your Basecamp project.
      13. SimplyBill – User friendly online invoice management tool.
      14. Time:59 – Web-based client billing and online invoicing software.
      15. Invoice Creator for Excel – Create invoices with Professional Reports.
      16. Free Invoice Templates for Excel – Create invoices with Professional Reports.
      17. Bill4Time – Web based time tracking and time billing software.
      18. Cashboard – Estimate, Invoice, and Time Tracking Software for your business.
      19. Invoice2Go – Software for creating invoices, purchase orders, quotes and all types of business documents.

    Online Payment Processing

    If you’re selling products online or providing freelance services, these tools can make it easier and convenient for you to get paid. Of course, they can also be convenient if you’re doing the paying:

      1. PayPal – World renowned.
      2. Google Checkout – Google’s way to send and receive money.
      3. Neteller – Online payment solutions.
      4. iKobo – Pick up your money at over 1000000 Visa ATMs.
      5. Moneybookers – Cheaper way to send and receive money worldwide.
      6. Payoneer – Payoneer uses MasterCard prepaid cards to enable payouts from websites to individuals worldwide.
      7. Citibank – Simple, Secure and Convenient way to pay.

    Websites and Blogs

    Want to learn more about managing your money? There are a number of excellent websites and blogs that you can follow to enhance your financial knowledge:

      1. Yahoo! Finance – Free stock quotes, up to date news, portfolio management resources, international market data.
      2. MSN Money – Comprehensive source for your money and personal finance needs.
      3. CNN Money – Business news and financial market coverage updated throughout the day.
      4. The Wall Street Journal – International and national news with a business and financial perspective.
      5. Google Finance – Broad range of information about stocks, mutual funds, public and private companies.
      6. BankRate – Online publication that provides consumers with financial data, research and editorial information.
      7. GStock – GStock is a supercomputer for daily hot stock picks and best stock pick signals with a high degree of certainty.
      8. Get Rich Slowly – Weblog covers frugality, saving and investing, and other aspects of money management.
      9. Wise Bread – Personal finance and frugal living forums.
      10. The Motley Fool – Provides premium investing advice and market-beating stock research.
      11. The Simple Dollar – A personal finance blog focusing on ordinary people dealing with unprecedented levels of debt.
      12. Blogging Stocks – Blog about the stock market.
      13. My Money Blog – Chronicles author’s journey and his goal of becoming a millionaire.

    Articles

    The articles below are excellent starting points for learning more about finances:

    Stock Trading

    Online trading can provide cheaper transactions than traditional trading. Here are some of the leading options:

      1. Scottrade – Online discount brokerage firm.
      2. E*Trade – Offers online trading & investing.
      3. TD Ameritrade – Online trading services: Broker services.
      4. ING Sharebuilder – Buy stocks online.
      5. UpDown
      6. FirstTrade – Online discount brokerage that offers investments such as stocks, options, mutual funds, bonds…
      7. Zecco – Commission free stock trading.
      8. SogoTrade – Online stock broker SogoTrade offers the best in discount brokerage investing.
      9. Online Stock Trading Reviews – Information about trading stocks online.

    Calculators and Tools

    If you want to see how much a mortgage will cost you or how much you need to save for retirement, online calculators are a great resource. This is just a sampling of what you can find online, but these are some of the most useful ones:

    Image by Daniel Starrason

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    83 Responses to 101 Resources for Managing Your Money Online

    1. Success Factors January 5, 2009 at 2:07 am #

      A friend of mine uses Mint and he swears by it. He was able to catch some random crook stealing micropayments from his debit account (several different 3-5 dollar transactions throughout the month).

      So, while I don’t use Mint yet, I would say its a great service.

    2. tyneham January 18, 2009 at 3:17 pm #

      Managing investments prudently, financial challenges, winners and losers. Financial hurricane is jolting businesses and people around the world. Many big companies are losing market share to small rivals. So, there are many losers and some winners in the boom and bust cycles. Many people in the business world are concerned about doom and gloom, ground realities, insolvency and bankruptcy in turbulent local and global markets. Even top lawyers, accountants, market analysts and auditors are already fired and facing long-term unemployment. There are no short-cuts for sustainable success and prosperity. Businesses need bespoke turnaround survival strategies to reduce losses, improve organic and inorganic efficiency, increase revenue, gain sustainable competitive advantage, improve strategic position, and outperform market competition. The strategies would help create new business opportunities and jobs. Many investors target niche, captive markets where consumer demand still continues to grow in double-digits annually to 2030.

    3. sariah clonney January 18, 2009 at 11:39 pm #

      What about manageME
      I have also bookmarked it’s latest upcoming version manageME7
      It is really addicted as I can use it anywhere ,anytime while traveling.
      Also Its blog section is awesome.What a cool way of learning the essence of money management.You may check it at http://www.manageme7.com/blog

      I personally feel that its upcoming version will be become a carbon copy of “Money Management”

    4. Online savings January 21, 2009 at 3:41 am #

      Thanks for this comprehensive list!

    5. Oliver92 February 6, 2009 at 9:35 am #

      What about mybudget-online.

      a frind of mine told me about mybudget-online and i can use it anywhere ,anytime while traveling.
      It’s totally FREE and very simple to use.

      here the link: http://www.mybudget-online.com

    6. Paid Survey February 27, 2009 at 1:40 pm #

      I use Mint. And I would highly recommend it to anyone. It’s the best

    7. ty March 30, 2009 at 12:41 pm #

      Is there a program that I can use nysnc with my blackberry and my computer? Mint sounds good , but I can’t use that on my BB.I want to focus my time and effort on learning how to manage and make money. Everyone preaches about getting an education…in a formal setting, but this is want I want to do right now. I need some reassurance that I can go this route and still be successful. I need all the help and encouragement that I can get. Please help….

    8. hendri June 7, 2009 at 12:11 pm #

      Complete tips. I like this

    9. Max July 11, 2009 at 7:57 pm #

      That is great compilation! I only knew of a couple of Payment processing gateway until I saw your compiled list. Thanks for that.

    10. Tom Way October 23, 2009 at 2:59 am #

      Great work done for compiling everything in this article. Has any one used Perfios (www.perfios.com), i was told its completely free and one of the good Personal Finance s/w…looks like its an invite only service….will they become paid later? if you guys know of anything – let me know….
      Tom

    11. Stacy Lorsan November 18, 2009 at 5:30 am #

      Hey All

      I have been using the services of http://www.invoicera.com for quite sometime now and they are coming up with the new Invoicera with features like time-tracking, expense tracking, import function, and much more. Check out their blog at http://www.invoicera.com/blog for updates

      Cheers!!!

    12. currency converter February 17, 2011 at 9:53 pm #

      This is awesome, very useful information. I think that all of these tools are important especially for freelancers who they have to manage everything by themself.

    13. currency converter April 18, 2011 at 7:18 pm #

      We are entering IT era and we can get help of IT from managing our businesses to daily expenses. There are increasing number of tools and websites online which are ready to help you to manage your money.

    14. kamal soni April 21, 2011 at 1:39 am #

      Will it be safe to share bank details like login Id and passwords with third party money managing sites.

    15. J.B. July 28, 2011 at 9:55 am #

      This is a great list for those who need to manage money, whether it is an individual or business. Especially those who have fallen into debt and bad credit. The tools can be used to get in a good financial habit. (Rather than bad ones)

    16. Chris Peters August 5, 2011 at 3:31 pm #

      Great list! I would add http://nirvaha.com/invoice-template.html to the list. Great post man.
      Chris

    17. Pflegedienst Frankfurt September 13, 2011 at 3:06 pm #

      Excellent post. I was checking constantly this blog and I’m impressed! Very useful information specifically the last part :) I care for such information much. I was looking for this particular information for a very long time. Thank you and good luck.

    18. Kristine December 20, 2011 at 4:27 am #

      Hi, thanks for this helpful collection. I’d like to add https://www.inexfinance.com/ to your list. This is a great web based personal finance software for money management and budget planning.

    19. Bill January 17, 2012 at 6:48 pm #

      If your business is big enough (or just receive a lot of invoices), it’s also worth investing in an accounts payable automation system. These are different that your main accounting software in that they’re solely focused on accounts payable and usually sync with your enterprise accounting system. They’re pretty flexible and make it easy for vendors to invoice you however they like. You usually get notifications when invoices come in and get to review them online.

      Shifting to a system like this made our lives a lot easier after we outgrew our original team and started relying more on contractors and vendors. Managing vendors is difficult and their invoices can add up. Automation made dealing with these issues much easier.

    20. Hareiana March 26, 2012 at 11:33 am #

      One excellent free online personal budgeting and money management service that I discovered through friends is Out Of The Dark Budgeting, it has some very helpful features like Credit Card Debt Terminating and a smart Cash Put Aside tool and it is unconditionally free and anonymous to use without giving out access to bank accounts, works really well for me.

    21. Tiffany April 23, 2012 at 3:26 am #

      Hello Steven,

      your list is very comprehensive and useful, great job! I especially like the ‘calculators and tools’ part since I am using tax tools a lot…I would like to add some more tax tools to your list:
      http://www.pdfconverter.com/resources/blog/free-online-tax-calculators-and-tools
      I will definitely continue reading your articles.

    22. Sally Murphy April 30, 2012 at 7:31 am #

      I agree that Mint is an outstanding tool and this is a good list. Besides the “Online Payment Processing” section I might have also wanted to see a section for merchant service providers. I needed help setting up a custom PayPal order form (for example) and I ended up using Secure Order Form (http://www.secureorderform.com) which turned out to be a good “full service” solution but other systems like Shopify (http://www.shopify.com) would also be good if I wanted to handle the updating and setup myself.

    23. Time Sheet September 18, 2012 at 3:30 pm #

      I have learned alot from your entrepreneurial site. Thank you for the excellent info!!!

    24. ed October 17, 2012 at 10:40 am #

      I have seen a lot of posts related to web resources, but most of them miss out time tracking tools. I am not sure about the reason for this, but time tracking is much necessary for all.

    25. Kumar October 29, 2012 at 12:24 pm #

      awesome list!

    26. Anton Volney May 12, 2013 at 3:11 pm #

      I’m a big fan of freshbooks. It has earned its spot on this list.

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