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Friday, December 19, 2014

Fingerhut = Bad Financial Decisions



 I recently saw an advertisement on TV for Fingerhut, and how you now can get ALL the gifts you want at a low price.  This intrigued me considering I love a good deal. However, what I found was another Rent to Own Money Sucking Deal. All of these Payment Based Shopping Sites are terrible financial decisions.  They lure you in with promises of savings and deals, but in the end you are stuck in a wormhole of debt.

Why Fingerhut is a bad idea:

  1. Items listed on Fingerhut are brand name goods,  From Household items to high End Electronics. However, the pricing is highly inflated. I took a sample of 20 items I considered key Christmas gifts and compared FingerHut pricing to Amazon.  On average, Fingerhut items are 14% more expensive than Amazon. (Shipping and Handling not accounted for)

  1. Fingerhut is just another Credit Agency that happens to sell goods. Their "low payment" options are backed by high interest rates around 25%.  


For Example: A Keurig Coffee Brewer is listed at $140.00 with 15 payments.  Using Finderhut payment plan this coffee maker will minimally cost you $157.34.  (Whereas buying at Target it is $109.00). 



  1. Shipping Costs may be rolled into Final Finance Price, which means you will be paying Finance Charges on shipping. Fingerhut has a tiny link at the bottom of the page that shows the true cost of ownership based on product prices.  After a 5 min search I was able to find that the $139.99 Keurig would eventually cost between $157 - $300.00!!! (see Table below)

  1. Fingerhut likes to pride itself that it can help build Credit with the Fresh Start Program. First off, if you have a terrible credit score, its most likely because you were not able to repay loans..so why are you continuing to borrow money??  You should never  try to get a better credit score by increasing your debt. Payoff what current debt you have, and continue to pay all other bills (cell, electric, etc ) on time.


Example of how Buying a Keurig via Fingerhut can hurt financially.






Thursday, December 18, 2014

Debt Payment Schedule: Debt Snowball

Do you have multiple debts you want to pay-off, and pay-off quickly? There is no better way to get rid of debt than by using the debt snowball method. I originally heard of the debt snowball from the Dave Ramsey show and have found it quite useful in getting debt under control.



The jist of the snowball is quite simple.
  1. Write out the list of current debts and payments.
  2. Focus on one of the accounts ( usually the lowest balance or highest rate) and add additional amounts to pay off that loan
  1. Continue to pay the minimum payment on the others debt
  1. As soon as the first loan is at 0, roll what you were paying on that debt into the next loan
  1. Continue to roll your payments as each loan is paid-off

It's important to have a Debt Payment Schedule to track payments and timelines. A comprehensive  schedule is available on this site for downloading.  A training video on using the Debt Payment Schedule is available on the Simple Saving Habits YouTube channel.

Simple Savings Habits YouTube Channel

Quick Summary on how to use the Debt Payment Schedule
  1. List out all of your current debts





  1. Determine how much each month you can contribute as an additional Payment, aka Snowball



  1. Rank debt by importance of being paid off



  1. Optional: Breakout the Snowball amount among the debts to compare between payment methods





  1. Using the Snowball Schedule Tab, toggle between the two options to see which is best for you.
    1. You can continue to play around with the rank and new payment to create the best option for your payment plan






  1. Once you found the best approach for debt repayment - Print off the Snowball Schedule  to keep you on track
    1. If you are able to make additional payments during the repayment time period, note those extra  payments in the schedule. This will help decrease interest paid on loans, and decrease time it takes to pay off the loan(s).

Friday, December 12, 2014

Using an Amortization Table

An amortization schedule is a table detailing each periodic payment of an interest bearing loan. It is useful for knowing the true cost of a Loan, the breakout of a monthly payment for principle and interest, and changes in the loan due to additional payments against the principle.

Having an amortization schedule set up for a large loan like a mortgage can help a person make a plan to pay off the loan sooner and thus saving hundreds, or even thousands of dollars.

The downloadable amortization loan schedule for Simple Saving Habits is easy to use. You can use this schedule to analyze a current or future loan. For a current loan, you will need to know the Total Loan value as of today, your minimum monthly payment, and the Interest rate on the Loan. (APR)

A training video is also available on the Simple Saving Habits youtube channel that shows how to use the Amortization Schedule.

https://www.youtube.com/channel/simplesavinghabits



  1. Create the schedule by filling out the required Loan fields (Today's Date, Current Loan, APR, and Monthly Payment)
    1. If you do not have a current loan, use the box on the right side to estimate a monthly payment based on an expected APR and loan.



  1. Loan Summary gives an overall snapshot of the Loan.  The Total Loan represents the Total Cost of the Loan. (borrowed amount + accrued interest). When you pay more than the minimum payment, that money will go against the principle of the loan and reduce the total interest and time  it takes to pay-off the loan.



  1. The Loan Schedule shows every payment made until the Loan reaches 0. Important fields to note in the schedule are:
    1. Principle and Interest - Each payment is broken down into a value that goes against the principle of the loan, and for interest incurred.  The Principle will always start off lower with the first payment, and increase over time.



  1. Cumulative Payments - The shows how much you have paid for the loan at any given period of time.
  1. Total Loan Cost - This shows how much the loan has cost at any period in time. It is calculated as total Payments + Remaining Balance of Loan


Ways to Save Money and Pay-off Loans ahead of Schedule
  1. Increase the Monthly Payment - Determine an amount that can be paid as extra every month with the minimum payment. Adding $100 dollars each month, can save $33,000 worth of interest, and pay off a mortgage 5 years earlier.




  1. Add occasional Payments that vary throughout the life of the loan - If you are unable to commit to a monthly payment increase, use the Extra Payment Column on the Schedule Table to make payments against the loan.  These could represent payments made due to Tax Return refunds once a year.







Monday, October 6, 2014

Dollar Shave Club



Why are Razor Blades so expensive? I just don't get how a tiny sharp metal object that you throw away can cost over a hundred bucks a year.  When I saw the Dollar Shave Club sponsored on my Facebook feed, my interest was peaked.

Doing quick research The Club seemed like a good deal. The Dollar Shave club offers three Razor  options: The Twin (2 blades) The 4X (4 blades)  and The Executive (6 blades). I, like Goldilocks, chose the option that was right in the  middle.  I have also been using the Schick Quattro Razor which is 4 blades, so this gave me a direct comparison of quality.  A four pack of 4X cost me $6.00 and was even shipped with a free razor handle.

The quality of the razor blades are good overall. In comparison with the Schick Quattro Titanium, they do however dull faster.  I estimate it takes 4 of the Dollar Shave 4X blades to last as long as 3 of the Schick Quattro Titanium blades.  This makes the cost of the Dollar Blades slightly increase from $1.50 to $1.88 per blade. ($7.52 per 4 pack)

Is this still a good deal for you?....Well, it depends...

Price Shopping, the lowest price I could find for Schick Quattro 4pks were $8.65 with no coupons. (Though it did include using a Target Red Card for 5% discount)   Using some of my favorite couponing sites (krazycouponlady.com and hip2save.com) I did find some historical coupons that would have dropped a package of 4 blades to under $5.00. This included using a manufacturing coupon, a store coupon, and a sale item.  So, if you are an avid coupon clipper and love working for the super cheap razors, Dollar Shave Club isn't your best deal.  If you do not bargain hunt for razors and just buy at whatever price when needed...Dollar Shave club is for you!

Even after knowing it is possible to find cheaper quality blades, I still prefer Dollar Shave:
  •  Dollar Shave Club includes a FREE razor with your first purchase. Buying a single razor at the store will set you back around $6.99
  • 6 bucks is 6 bucks...no additional taxes for buying razors through the Dollar Shave Club
  • No coupon clipping or bargain hunting
  • No longer running out of blades, 4 pk of blades is automatically shipped each month. If you do not need blades that often, there is a "Not So Hairy" Option you can change to. That ships a 4pk of blades every other month



For more information on the club, or to join now. Check out: http://www.dollarshaveclub.com/

Wednesday, October 1, 2014

Walmart Savings Catcher


Walmart released its Saving Catcher Program this summer, and it's a legit deal. If you do grocery shopping at Walmart or Walmart Neighborhood Market this app is a definite download.  I started using the Walmart Savings Catcher for iPhone when it became available months ago. It is extremely easy to use, and has saved me about $20.00 in a 3 month period.  The best part is when I see a super discount from Albertsons or Kroger I don't have to actually go to that store. If I buy the same item at Walmart, Walmart gives me the difference.   I will say, Walmart does have a disappointing produce and meat selection, so I have gone elsewhere for other groceries. Overall, for standard pantry items, I rely on Walmart Neighborhood Market.

Here is how the Program Works:
  1. Sign up for the Program either through the Phone App or Online at Walmart.com/savingscatcher
  2. After you complete a purchase, enter your receipt into the savings catcher
    • Scan the Barcode on your receipt using your phone
    • Enter the receipt number (TC Code )directly into the Savings Catcher 
    • Register your phone number through the Savings Catcher app or debit card reader located at in-store checkout.
    • I habitually scan my receipt right there after checking out. It takes 60 seconds to add a receipt via iPhone
  1. Once you Successfully submit a receipt, you will receive a confirmation email from Walmart letting you know your receipt is processing. When it completes you will get another email stating if you saved or not
    • It says it takes 72 hours to check a receipt for savings. I've had my results in 48 - 96 hrs
    • Actual email results shown below
  1. You can chose to redeem your savings in an Walmart eCard or credit the savings to a American Express BlueBird Account...Go with the BlueBird Account...here's why
    • Until 2/28/2015 Walmart will double your cash when you opt to add it to a Bluebird Account. If you go to redeem 10.00 worth of Savings Catcher, you will get a $20.00 BlueBird Credit.
    • I haven't been able to find hidden fees or gotchas with using the BlueBird Account..so this is a no-brainer.
Visit www.bluebird.com to learn more about the features and benefits of Bluebird. 




The Fine Print of Savings:
  • You can submit up to 7 receipts per week to Savings Catcher.
  •  You can save up to $599.99 per year with this program.
  •  You can use coupons at the register and still get the price match. 
  • The ads must be valid at the time you made your Walmart purchase and include a specific item price.
  • Only applies to in-store purchases.
  •  Savings Catcher compares eligible items on your receipt to items found in the print and digital weekly ads of top retailers in your area. The ads must be valid at the time you made your Walmart purchase and include a specific item price.
  • Savings Catcher does not compare the following types of offers:
    • Items that require a separate purchase to get the advertised price (example: “Buy oatmeal to get cereal for $1.”)
    • Items with no actual price that require a purchase to get a free product (example: “Buy both oatmeal & cereal to get milk for free.”)
    • Items that require a purchase to get a gift card (example: “Buy a 12 pack of paper towels to get a $5 gift card.”)
    • Buy one get one free (BOGO) deals where no item price is listed (example: Peter Pan Peanut Butter, buy one, get one free. Save up to $2.50.”) are not included in any state except Florida.
    • Going out of business or closeout prices.
    • Percentage off (example: “All mascara, 40% off.)
    • Items placed on layaway are not eligible for Savings Catcher

Friday, September 26, 2014

How Much Can I Afford for a Car



Before I get into how to calculate how much you can afford for a Car, let me first ask DO YOU REALLY NEED A NEW CAR?
Car Payments are a huge burden when you are already strapped with Credit Card, Student Loans, and other Debts. Are you buying a car because you NEED to, or because you WANT to???

Buying a Car will most likely be your second largest expenditure in your life.  You owe it to yourself and your budget to take 30 minutes and do your due diligence.  The ideal way to buy a car is to pay cash for the whole shebang,  when you finance anything you are paying additional money to a lender to borrow money.  Since 80% of Americans don't buy cars outright, here is the financially savvy way of determining what you can afford based on your budget and preferences.

In the example below I will mimic moving from a 2000 Ford Explorer to a Used Domestic SUV crossover 2-3 years old. 

Buying a New (Used) Car
  1. Know the Monthly Payment you can Afford
    1. Not sure how to calculate a starting monthly payment? check out - HOW TO BUDGET FOR CAR PAYMENT
    2. Based on my monthly budget, my starting monthly payment is around $300
  1. Factor in Additional Monthly Costs
    1. Car Insurance - If you are upgrading your ride, you bet your bottom dollar that your car insurance will go up. Get a quote from your current insurance provider on how much your insurance will change.
      1. I got a quote from my current car insurer that my monthly Insurance would increase $30.00 a month.
    1. Gas - Changing cars can benefit your hurt your car budget. Going to better fuel economy car will allow you to budget more money for a monthly payment, but going down in fuel economy, such as moving from a 2 door coupe to a Mini Van will cost you more each month. 
      1. Look up your average MPG for your current car and expected new car.  You can modify the calculation by the PERSONALIZE feature to change Yearly Mileage and Gas Prices
      2. http://www.fueleconomy.gov/feg/Find.do?action=sbsSelect
      3. Based on my driving habits, and a projected new 2012 Rogue I want. I estimated I will save 58.33 a month in fuel cost
    1.  Max Monthly Payment 328.33




  1. Determine Present Value of Monthly Payments
    1. Present Value of your determined Monthly Payments is based on two  key  variables:  Length of Terms and Rate
      1. 3 years financing for a car is preferred, 4 is acceptable,  5 is irresponsible. 5 years is the difference between your child being born and the child entering kindergarten...That is a loooong time.
      1. You will need to know how you plan on paying for a car, before you even step foot in the dealership.  Your Loan Rate will be based on the amount borrowed and Credit Score. If is very important to KNOW your expected Rate. Many sites will claim super low rates, but only 5% of the population actually qualify for that rate. Get a quote from a trusted lender, like your current bank. You can do this Online and in about 5 min.
      2. Using a Present Value calculation plug in numbers you have determined. For this example I will use $328.33 monthly payment. 4 year loan(48 monthly payments)  and 3.25% APR (which is .2708 per month)
        1. From this calculation I get $14,759.84
      1. http://www.investopedia.com/calculator/annuitypv.aspx




  1. Factor In Up Front Costs and Credits
    1. Add Your Down Payment
      1. The Larger the Down payment the more car you can afford.
      1. For my example I plan to put a down payment of $2,500
    1. Add in Expected Trade In or Selling Value of your Current Car if you own
      1. www.Kbb.com
      1. If you currently already have a loan on the car you want to trade-in/Sell. You will need to look up the blue book value of your current car, then subtract out what's left on the loan.
      1. Based on the milage and condition. My 2000 Ford Explorer is estimated to be worth  $2,000
    1. TT&L Tax Title and License can cost a couple extra thousands of dollars, and differs state to state. Using the CarMax TT&L calculator determine the average TT&L for your range
      1. http://www.carmax.com/enUS/tax-title-tags-fees-calculator/default.html






 Summary: 


 $       300.00
Budgeted Amount
 $          28.33
Gas and Insurance
 $        328.33
Max Monthly Payment




 $  14,759.84
Present Value for payments
 $    2,500.00
down payment
 $    2,000.00
trade in
 $  (1,400.00)
Estimated Tax Title Licenses


 $ 17,859.84
TOTAL ESTIMATE CAR I CAN AFFORD



Word to the Wise
  • DO NOT get roped into Longer Financing Terms for a cheaper monthly payment
  • Do NOT manipulate the numbers above to be more in your favor. Which means do not underestimate your gas cost for the future, or skimp on Car Insurance just to get a better monthly payment
  • DO NOT take more money from Emergency Fund to have a higher down payment. Having the Audi A4 over the Toyota Camry is no reason to endanger real emergencies.
  • DO NOT Buy a Car until you run these numbers with Actual values like Insurance Change and TT&L.

Tuesday, September 9, 2014

Company Perks: Getting the Most Out of Your Job

Day 1 of a new Job:  Orientation.

You sit there with binders and packets as HR shuffles through 401(k), Insurance Plans, and other standard policies.  If this is your first job, you can feel like a deer in the headlights.  What does all this mean? How does it affect you financially?  No time to zone out. These standard Benefit Packages with affect you financially.  Take time to understand what your company offers besides your paycheck.


401K
If your company offers retirement matching for 401(k)  or Roth 401(k) this is a no-brainer for savings. 
Always contribute enough to get the maximum match. Say your employer matches 50% of a 6% contribution. That means if you contribute 6% of your salary, your company will throw in half of that amount. If you are young and your budget can afford it, max out your 401(k). Your future self will thank you.

There are 4 things to look for when picking funds:
  • Better-than-average returns: A fund, if it's worth your while, should have performed in the top half, and ideally the top 25%, of its peer group over a three-, five-, and 10-year time span.
  • Low price: A fund's expense ratio -- what you are charged annually and what will lower your overall return -- should not exceed the average among the fund's peers.
  • Solid management: If you're opting for an actively managed fund (as opposed to an index fund), the manager should have a solid track record of experience.
  • Reasonable size: Sometimes when a fund becomes too popular, its asset base -- the dollars invested in the fund -- gets bloated. That means the manager can't move in and out of a stock too quickly without moving the market.
  • In picking the right funds for your portfolio, make sure you diversify your investments. That means don't over-invest in any one sector such as technology or in any one investment style such as growth stocks or value stocks.

Employee Stock Purchase Plans
Additional compensation methods for Publicly traded companies is to offer an option to buy company stocks at a discounted rate at set intervals of the year. You elect to have a certain dollar amount removed from your paycheck each period to go toward buying company shares.  If shares for your company stock are trading at 50.00 and your ESPP is at a 10% discount, your ESPP will buy them at $45.00. While ESPP are a great way to own discounted stocks, don't put all your eggs in one basket. Remember diversification is the key to consistent portfolio growth


Flexible Spending Accounts
A Flexible Spending Account (also known as a flexible spending arrangement, FSA ) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. The money contributed to your FSA is set aside before taxes are deducted, so in most cases you save about 30% on your Federal taxes. The average tax savings for a person earning $50,000 who contributes $2,000 into an FSA account is approximately $600. That means you get $2,000 worth of health care purchasing power PLUS pay about $600 LESS in Federal taxes.

You can use funds in your FSA to pay for certain medical and dental expenses, including copayments and deductibles.
FSAs are available only with job-based health plans. You can put up to $2500 into an FSA each year. You generally must use that money within the plan year. But your employer may offer a grace period or carry over

Even if you are Young, Single, and Healthy it's smart to have some money in your FSA because it can be used on a wide variety of Health items like glasses, allergy medications (with prescription) or contact lens solution.  Find out what is elligible here:


Wellness Services
Companies are starting to realize Healthy Employees are More Productive Employees. Heath reimbursements are being added to encourage employees to workout and eat right. Check to see if your job offers gym or weight watcher reimbursements. Always know what your health plan has to offer. Use the free Wellness Checkup or Free Flu Shot. Being healthy save YOU Money.


Employee Discount  Programs
Your average size company should be part of some discount program. Whether it is a 3rd party group discount site like www.corporateperks.com, or discounts with local businesses.  Ask your HR Representative if your company participates in discount programs and which ones.  Employee discount programs offer deals on goods and activities. A family of 4 headed to Six Flags can save close to $100.00 on tickets and parking.  When your shopping around for deals on items you plan on purchasing, remember to check out your companies discount program


Employee Referral Program
More employees are hired through reference than Resume Submittal Programs. Use your networking skills and begin to refer your talented friends to open positions in the company. If you work for a large company, peruse the Hiring Portal to see what jobs are open.  Each employee  referral that results in a new hire can net you a couple hundred to thousands dollars . ( Unfortunately these payments are considered Bonuses and are subject to higher taxes..but hey...more money is more money) 

Friday, September 5, 2014

When to Buy


There is not necessarily the one best time to buy an item. Prices for goods rise and fall throughout the year based on Consumer demands and Location. You may already know that you can find deep discounts on TV's Black Friday weekend, but did you know another round of discounted TV's happen right before the Super Bowl. If you are in the market for a grill, you'll find discounts faster up north when the weather becomes cooler. Before purchasing any Big Ticket Item do your research and never buy on impulse. You are costing yourself valuable dollars.

January 
Bedding and Linens
TVs
Electronics
Cameras
Computers
Small appliances
Air conditioners
Carpeting and flooring
Furniture
Winter clothes
Toys (on clearance after the holidays)
Bicycles
Christmas decorations
Shoes
Motorcycles
Houses
Boats
Gift cards
Vacation Packages


Feb
Big screen TVs (before the Super Bowl)
Exercise Equipment
Air conditioners
Furniture (around President's Day)
Perfume
Chocolate (post Valentine's Day)
Steak (post Valentine's Day)
Seafood (post Valentine's Day)

March 
Luggage
Boats
Winter Sports Gear
Digital Cameras

April 
Electronics
Vacuums
Cookware
Tires
Auto parts
Car care supplies
Home improvement supplies

May 
Party supplies 
Grill supplies 
refrigerator
Vacuums
Cookware
Mattresses
Pet supplies
Gym memberships
Athletic apparel and shoes
Camping and outdoor gear
Carpeting
Lawn mowers
Small consumer electronics

June 
Dishes - Due to Weddings
Tools (around Father’s Day)
Camcorders
Carpeting
Computers
Indoor furniture
Small consumer electronics
Summer sports gear
Swimwear

July
Grill supplies (charcoal, lighter fluid)
Party supplies (disposable plates, cups, napkins and utensils)
Furniture

August
Pool supplies
Outdoor toys
Outdoor play equipment
Outdoor furniture
Bathing suits
Summer clothes
Summer shoes
Sunglasses
Linens
Pillows
School supplies
Office supplies
Underwear
Socks
Undershirts
Air conditioners
Backpacks
Dehumidifiers
Lawn mowers
Outdoor furniture
Snow blowers

September
Previous Version iPhones
Bikes
Grill supplies (charcoal, lighter fluid)
School supplies
Office supplies
Clothes
Large appliances (refrigerators, stoves, washers, dryers)
Lawn mowers
Grills
Trees, shrubs and bulbs

October
Large appliances
Tires and other car care supplies
Jeans
Winter Coats

November
Aluminum foil
Plastic wrap
Disposable baking pans
Cookware
Electronics
Tools
Carpeting and flooring
Computers (Black Friday)
TV (Black Friday)

December
Gift cards
Disposable baking pans
Aluminum foil
Plastic wrap
Electronics
Computers
Cell phones
Carpeting and flooring
Cookware
Tools
Toys
Winter clothes
Cars

http://www.consumerreports.org/cro/2013/08/best-time-to-buy-things/index.htm
http://frugalliving.about.com/od/bargainshopping/tp/Best_Time_To_Buy_Everything.htm

Thursday, September 4, 2014

Using Mint.com





The hardest part of budgeting is having one location that stores all your financial information. In the past budgeters have had to pull bank statements, credit card statements, saving, and everything else in between in order to figure out the full picture. Enter MINT. The easiest, most efficient way to manage your money online. Best part...TOTALLY FREE. How are you not already using this budget miracle??

 If you are technology-challenged, the idea of using an online tool for money management can seem severely overwhelming. Just searching for a How To Video for Mint returned over 29,000 hits on YouTube.   Below I've outlined the best teaching Videos with My Tips and Notes.

I could never find a single Training Video that covers beginning to end How to Set Up and Use Mint.  I've broken out the best training videos on the web in a logical order, (Note some videos may seem to overlap in content. )

For additional resources, or questions on a specific task in Mint, check out  http://www.howtousemint.com/  and the mint.com YouTube channel


Watch the Demo first to get a quick overview before getting your hands on experience: http://www.howtousemint.com/learn-to-use-mint-com-via-the-online-demo-site/

Steps by Step Tutorials for Mint.com
  1. Setup Mint.com Account and Link Accounts
TIP:
  • Add all Savings, Checking, Credit Card and Loan accounts. Any account that has money going in, or being taken out needs to be accounted for.  Other "Assets" such as your cars or house are not as important.


  1. Review & Edit Transactions
TIPS:
  • Mint will import the last couple months of bank transactions. Take the time, and review each line and category. You will most likely want to change a couple of transaction categories to tailor to your Budget needs
  • Keep Categories to a manageable count.  Having more than 20 categories to budget against will become more difficult to manage.
Group similar transactions into a single Category. Example: Starbucks will be imported as Coffee Shops. Unless you really want to track exactly what you spend on coffee, think about just using Food & Dining or Restaurants.
  • Review your Transactions at least once a Week. This will make End of Month reviews so much easier.


  1. Setting up a Budget
TIPS: 
  • Setting up a Budget will be the hardest task when using Mint. You may not even know what you think you should be spending on Gas. If you are struggling with where to start, checkout my other post on CREATE A BUDGET
  • You don't have to create a budget for every single category of transactions. You may already know your big budget breakers such as restaurants, gas, or clothes shopping. Set up a Budget for those categories in which you'd like to monitor.
  • Then set up an alert. Alerts are automatic emails sent to you when you are getting close, or over your budget.

  1. Trends
TIPS: 
  • As great as Mint.com is, it has some enhancements it should do to the trends section. Trends are great to see how your spending is trending. I like to analyze this page at the end of the month to see a quick snapshot of that month's spending.
  • It is difficult to see month-to-month budget vs actual spending. To do that, take a look at my other post on CREATE A BUDGET to see how you can compare your Expected Spending to Actual Spending.

Just going through the above steps in Mint will greatly benefit you monthly budget. More advanced Features of Mint include setting Goals such as Paying off a Mortgage or saving for a Big Trip.  The Investment feature tracks brokerage accounts and shows you how your investments fare against key Indexes.

  1. Goals

  1. Investments