Best Free Money Management Tools

For those of you who don’t use an online personal finance tracking tool, you are missing out big. These tools are the cornerstone of my budgeting and tracking. They save me boatloads of time and are all 100% free. Here are the ones I am using today.

In the volatile world of free online money management tools, we have seen many great options come and go. For more options, check out my list of Mint Alternatives.

Personal Capital

My new favorite money site is Personal Capital. The site is focused primarily on investments, but it has great cash flow and transaction tracking tools as well. Like Adaptu and the other sites on this list, Personal Capital is 100% free.

I signed up for Personal Capital to give it a whirl, and found that I was overpaying on my mutual fund fees by quite a bit compared to some other options. I moved some investments around and will be saving hundreds of dollars every year going forward.

Thanks Personal Capital! Give it a try for free today.

Power Wallet

Power Wallet has all of the features of Adaptu with a more user friendly interface. It can be used for both income and expense tracking and you can have sub-budgets on specific spending categories.

Power Wallet also has great features to track bills in addition to account balances, transactions, and budgets.

Mint.com

The oldest popular option in the account aggregation space is Mint.com. It is a great site, but customer service has gone down significantly since it was acquired by Intuit. If your accounts are all working, the site has great features and a smooth interface. If not, you are on your own and they may not be fixed correctly.

Best Bank Accounts

Checking

This is my current favorite checking account based on user reviews and my research. I opened my 360 Checking account in 2007.

  • No fees for typical banking activity
  • 100% online banking
  • Deposit checks from your phone
  • Transfer in and out of accounts at other banks for free
  • Free online bill pay
  • Option to get a physical checkbook
  • Free ATMs from Allpoint (in most 7 Eleven and Safeway stores, and many other locations)
  • Free debt card
  • FDIC insured

360 Checking from Capital One

Charles Schwab Bank Investor Checking

I have my primary checking at Charles Schwab Bank, as I was already a customer of their investment service.

  • No fees for typical banking activity
  • Free ATM use worldwide – automatic reimbursement
  • Instant transfer to/from Schwab investment accounts
  • Free transfers to accounts at other banks
  • Free checks, if you still even use those
  • Free online bill pay

Savings

This is my favorite online savings account. I have this account myself, just like 360 Checking above. It has all of the features of the checking account, other than the physical checks) but at a higher interest rate.

  • Safe, FDIC insured savings account
  • Instant transfers to and from Capital One 360 Checking accounts
  • Free electronic transfers to and from accounts at other banks
  • Automated savings plans available
  • Have as many sub-savings accounts as you want
  • No fees for regular banking use

360 Savings from Capital One

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