We all are feeling the pinch of the down economy. Some of us may be living with business as usual. Others may be cutting back. Still others may be facing the idea of a layoff.
Either way, we all are considering the status of our finances. The question is how do we keep better control over our finances?
I had heard about a website called Mint, www.mint.com, this site is free and allows you to load all of your accounts in one convenient place. This means you hook mint into your Checking, Savings, and major Bills like your mortgage. Mint then will update your accounts automatically and help you to see where your money goes.
As I had explained in an earlier post, my wife and I use a credit card like a check card for all of our purchases. We have the added benefit of getting points from our purchases which lead to additional bonuses throughout the year. An added benefit of using the credit card is that the card can upload into mint and through the credit card I am able to see the categories of where I am spending my money.
It’s great in that we know where we are spending, what we are spending on, and Mint has a budget feature that allow us to set limits on what we are spending and receive warnings when we are near or over the limit.
Another benefit is Mint will send you a weekly report of where your accounts are. I also added my investment accounts to Mint and get a weekly report of how my investments are doing.
All this for free!
Some further notes
As I am now working for a great CPA Firm in Milwaukee, Komisar Brady & Co. I have some new experiences that I will be able to share with you. As it is currently tax season, I don’t have a lot of time to post, but I am coming up with a lot of new ideas.
I am now working extensively with Peachtree and QuickBooks. In fact, part of my job is to be the expert in these programs. I will be spending time posting on both of these programs and sharing ways that accountants can get more out of these useful tools.
An added benefit is I will share quite a bit on Peachtree. I have found that most of the Peachtree training is not offered for free, now you will have a resource for good FREE ideas on working with Peachtree. Watch for more to come.
Filed under: Personal Accounting | Tagged: Personal Accounting
