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Personal Finance Tools

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Personal Finance Planning

Much More than a Basic CalculatorPersonal Finance Tools help in managing your spending, creating a mental picture of what you have spend instead of recording the same may often make it complex to maintain a perfect budget. In such a case, personal finance planning holds key importance. Your monetary decisions or those concerning your entire family can be addressed in the best manner with the use of personal finance tools; personal finance may include the money you gain or earn, spending, saving, long term spending, including financial risks and monetary conditions that may affect future life. The scope of personal finance planning may also include your savings account in a bank/banks, credit cards, loans, stock market investment, mutual funds, income tax management, retirement plans, insurance policies and related paraphernalia. Watch personal finance news to know the tricks of managing your budget wisely. Personal finance news also keeps you updated about credit cards, home loans, car loans, etc.

Check out this video about Intuit Personal Finance Tools for Mobile and Social

Personal finance planning has to have consistent monitoring and re-evaluation. Start with assessing your personal financial situation by keeping track via manual records of your balance sheets, income statements and liabilities. Then set your financial goals either for long term or short terms or both. Financial portfolios help you in setting your financial goals in the right direction. Create a plan to reduce unnecessary expenses, increasing your income and investing in such areas which promise returns. Thereafter you need to execute your plan and keep on monitoring constantly so that you maintain a balanced budget. Holding financial portfolios limits the risk factor involved in your financial condition. Financial portfolios refer to owning of several assets that retains their value; these may include stocks, real estate, bonds, warrants, gold certificates, etc. To execute your personal finance planning or manage your financial portfolios, you can take the services of a financial adviser or a financial institution or a financial expert.

Using the right personal finance tools will help you manage your personal finance wisely. Investment in stocks, funds, bond, etc; maintaining and using the budget worksheet, credit calculator, insurance calculator, real estate calculator; finding the right retirement income source; and spending wisely can be calculated with personal finance tools.

About the author: Sourav Sharma is freelance market analyst and is writing reviews articles on Personal Finance planning , latest stock quotes, personal finance news, Currency Exchange Rates, financial portfolios, Personal Finance tools, Finance News India.

Source: http://www.articlesbase.com/personal-finance-articles/personal-finance-planning-1544543.html

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Frequently Asked Questions about Personal Finance Tools

  1. QUESTION:Do online personal finance tools actually work?
    • ANSWER:Yes they do. They allow you to put together a budget.
  2. QUESTION:Anyone know any good (free) online tools for personal finance?
    I am trying to develop a brand new system for myself to keep a track of my daily spending and saving, etc. Does anyone have any good tips or free online tools?

    • ANSWER:This one is free for the first month. Its the best tool I’ve found for personal money management and planning. Tracks everything you spend on a given day and shows your balance.
  3. QUESTION:Have you tried the online personal finance tools, like Wesabe.com?
    Everyone is trying to better manage their personal finances. Some of the online personal finance sites appear to be gaining in popularity. If you are unfamiliar with them, Ars Technica, recently wrote an article about Wesabe.com: http://arstechnica.com/web/news/2009/01/hands-on-wesabe-helps-you-pinch-pennies-avoid-banke-fees.arsOther sites include: Mint.com and Quicken Online.- If you use one of the sites mentioned, what do you think about them?
    - If you don’t, would you ever consider trying them out? Why or why not?Full disclosure: As some of you already know, I represent State Farm. I am just here to gather your feedback as we work to help people make better personal finance decisions. Thanks.

    • ANSWER:I use Microsoft Money 50 bucks at office depot.
      I can’t imagine anything being better
      I’ve heard Quicken personal is also just as good.
      /
  4. QUESTION:What statistical tools are useful for finance and personal finance?
    Deviations? Averages?

    • ANSWER:estimation of the regression line, hence prediction of the future values
      Useful to see how the prices( of shares) will behave
  5. QUESTION:Anyone know a great free personal finance tool that is easy to use and effective?
    i am looking to get a better grasp of my finances and could use some help…. thank you so much

    • ANSWER:consumer credit counselling service, you can do a budget on line, it is very useful

 

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About the Author

Rhonda Evans

Rhonda is the founder and editor of MoneyPoint Live. She is a retired Senior Chief from the USN, mother of two, previous small business owner, and entrepreneur.

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