Money Management

Over the years I have tried many solutions to keep all of my finances in order. From creating my own custom program in Excel to Microsoft Money, but none have been better then Yodlee. It is an online solution to tracking all of your finances from credit cards to student loans.

Pictured is a view of your net worth which keeps track of your Investments, Banking and Liabilities. This view always gives you a birds eye view of where all of your money is located. Another phenomenal feature is the ability to set alerts for any of your accounts. For example, if you want to know when your checking account is below $200, you can set it up to email or text message you. On top of that you can apply a category for every transaction which then will allow you to visualize where your money is being spent over a certain amount of time.

Setup is pretty simple, basically you have to find all of the sites you have accounts at and entering your username and password. The obvious concern is security, but I have not run into any issues that would cause me to second guess giving my account information. This solution is not for everyone, but for those of you willing to give it a try I think that you will be pleasantly surprised. If you have any questions about the setup I would be happy to offer some help.

Does anyone else have other solutions to keep track of their finances, let us know in the comments.