Personal Finance:Budgeting sites offer free help | The Portland Press Herald / Maine Sunday Telegram

Personal Finance:Budgeting sites offer free help | The Portland Press Herald / Maine Sunday Telegram.

With more choices becoming available, it helps to know something about the options.

By CANDICE CHOI The Associated Press

NEW YORK – Free budgeting sites continue to grow in popularity. One of the most well-known, Mint.com, says it now has more 1.2 million active users.

Among the benefits these sites offer is the ability to view multiple banking and investment accounts in one place. Users can also track spending habits and create budgets. But as much as they simplify financial planning, it’s getting harder to pick a site from the field of options.

Complicating matters is the industry’s shifting landscape, such as the recent exit of Wesabe.com, which coupled social networking options with its budgeting tools. Intuit is also phasing out its Quicken Online site and transitioning users to Mint.com, which it bought.

Banks are getting into the game too and offering customers online budgeting tools. The drawback with those services is that they’re limited to the user’s accounts at that bank.

For those in search of a broader view, I tested two of the more established sites — Mint.com and Yodlee.com — along with the newcomer HelloWallet.com.


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: