Free Tool for Managing Your Money

I came across a site today that I think will be very useful for many people. Mint.com is a free, online, money management software that helps you track your finances and shows you your spending habits. I was especially impressed by the “Why Use Mint” section that emphasizes getting out of debt by paying off credit cards, student loans and spending less on the non-essentials.

The Mint.com software lets you enter your banking and investing accounts and it automatically downloads the info from these accounts. It will show you where you’re spending your money and where you could be saving money. I think the best part is that it is accessible anywhere.

You may be asking, how can this be free. The answer is that they will offer you savings to switch banks or to other providers that will save you money. They sometimes make a commission if you switch. They claim their recommendations are unbiased regardless of whether they get any sort of commission.

I think that it is worth checking out, especially if you’re struggling with your money management and don’t want to pay for other financial management software.