Helpful Online Budget Calculators

Using an online budget calculator

Money is a tool one uses in a budget.
Money is a tool one uses in a budget. | Source

About Online Budget Software:

Putting all of your financial laundry up on the internet is a scary thing to do. You must look for a well encrypted and guaranteed safe site before you ever sign up for their free services. Most, if not all, of the 'free' online budget software sites are backed by some sort of financial services company and they do want to sell you something. Financial services may well be worth the fees these sites charge.

Look for encryption similar to 'bank encryption'. Check the 'about us' page to discover how long they have been in business. Do a Google search for reviews on the company or web site. Try a trial period before you commit your true assets. If you decide you want to buy a service that they sell, try it for the minimum amount of time before really committing to that one site.

Budgets are fairly easy to do online or off. A simple Excel spreadsheet may be all that you need to do a household budget. The advantage of online budgeting is that it is just as easy to use and does automatic calculations for you. Also, online services offer tips and tricks to help you make the most of your hard-earned money.

Credit Tip:

Always pay your bills on time! Even if you can only afford the minimum payment, late fees can cost you more than you know. One person made a small purchase on a rarely used store card. She forgot to pay the bill. She ended up paying over $50 in late fees for a $10 item, and because of the late fees, her credit score went down and she was unable to secure a low cost loan to buy a home. The final cost of that $10 item was over $9,000! (Source: Redbook - Avoid the top money mistakes - February, 2013)

Quizzle Financial Services Review:

According to Quizzle, their web site is the best online budget planner out there. Using Quizzle is easy and totally free. They are sponsored by Quicken Loans, but don't let that stop you. If you need a loan, being a member of Quizzle can be helpful.

Quizzle provides all of the following budget services completely free of charge:

  • Free credit report
  • Free credit score
  • Home value estimator
  • Home loan recommendations
  • Budget planner
  • Free tips on how to improve your scores

For a fee, Quizzle will provide assistance with:

  • Credit Monitoring
  • Identity Theft Protection
  • Debt Management
  • Quizzle® Improvement Program

After using Quizzle for several years, I can report that (according to them), my credit score is in the 'excellent' category; my debt to income ratio is 36%; my budget is grade 'A' and I have a small positive cash flow.

Coupon and 'Deals' Tips

Only use coupons for things you already buy. A 'buy one, get one' coupon is no good if you never use the product or restaurant in the first place. The same advice is good for store coupons too. If the product will spoil before you actually use it, you've just thrown that money out the window.

PowerWallet Free Personal Finance Services

PowerWallet evaluates your budget for free and will give you helpful tips for living within your means. They will alert you as to when a bill is due so you don't get late fees, a real budget killer. PowerWallet also provides deals you can use for saving money.

PowerWallet features an online dashboard that allows you to:

  • Access account summaries
  • Enter manual accounts
  • Pay bills
  • View transactions
  • Create and view your personal budget
  • Set up alerts
  • Free PowerSaver comparisons for coupons you can use according to your spending habits
  • Free rewards points for various activities while using PowerWallet

Don't expect to get real benefits out of this web site for a few months as it will take you a while to get all of your income and expenses tracked in. This is true for any online budgeting service though and PowerWallet will help you every step of the way.

Mint.com - Personal Finance, Budgeting and Money Management

Mint.com is a well known and respected money management web site. Mint will categorize your spending and show where every dime goes. They will create a budget plan for you that will, hopefully, make you feel good about your income and expenses.

Mint.com is a verified secure site that pulls in all of your banking transactions and analyzes your spending habits. Mint will also translate all of the bank code into real english so you can understand those transactions. Mint provides the user with easy graphs that let you see in a second where all your money goes. This is helpful in trying to decide where to make changes that will save you money.

Easy Budget Creation Software by Mint.com

Personal Capital Asset and Money Management

Personal Capital.com is a site much like Mint.com, but it is purported to be better at tracking assets along with your money budget. Using online budget tools is great for normal income and expenses tracking. If you have stocks, bonds or other assets, you might want to use a more sophisticated tool.

Personal Capital functions as an investment advisor as well as providing free budget software. They will help you build a stock portfolio that fits your personal strategy and ability to save for the future. They do charge a low fee for being your financial advisor, but they also help you out at tax time.

Summing up these online budget sites:

Benefits:
Quizzle
PowerWallet
Mint.com
Personal Capital
Good for beginners?
Yes
Yes
Yes
No
Good for advanced users?
Yes
Yes
Yes
Yes
Free credit report?
Yes
No
No
No
Free credit score?
Yes
No
No
No
Free budget planner?
Yes
Yes
Yes
Yes
Mobile apps?
Not at this time
Yes
Yes
Yes
Secure site?
Yes
Yes
Yes
Yes
Investment Help?
No
No
Yes
Yes

How do you budget?

Do you use secure onlne companies to help you with your budget?

See results without voting

© 2013 Austinstar

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Comments 8 comments

RealHousewife profile image

RealHousewife 3 years ago from St. Louis, MO

This is a great idea! I didn't know such sites existed...I would have used one. It can be really beneficial to make a budget and realistic plans to save money.

I had to check other because I use an accountant now and he yells at me and tells my husband on me for spending:) LOL


Austinstar profile image

Austinstar 3 years ago from Somewhere in the universe Author

Well, you do need to be more cash conscious, don't you, Kel? If you have a home business, you should use an accountant. But you should pay yourself a salary and budget that. Don't you agree?


WillStarr profile image

WillStarr 3 years ago from Phoenix, Arizona

Now this is a useful Hub!

Thanks, Lela!


tillsontitan profile image

tillsontitan 3 years ago from New York

The Internet holds so many secrets....the only way we can learn about all the things out there is reading great hubs like this one. Whether or not we use the information is a personal choice. Knowing about it is always a good thing. Thanks Austinstar.

Voted up, useful, and interesting.


drbj profile image

drbj 3 years ago from south Florida

Thanks for doing the legwork, Lela, for these online budget calculator sites. I'm going to try out Quizzle instead of my former method with bills - flipping a coin. Heads - I pay later. Tails - I pay later. If the coin stands on end I pay now!


Austinstar profile image

Austinstar 3 years ago from Somewhere in the universe Author

I love Quizzle. I first heard about it through a radio talk show about saving money. Clark said to try it, so I did.


Glimmer Twin Fan profile image

Glimmer Twin Fan 3 years ago

Interesting. I did not know that there were so many of these services. The example of not paying a credit card bill was a scary one. Useful and up!


creditcomedy profile image

creditcomedy 17 months ago

Inspiring Article, Credit Comedy believes that what you don't management you will end up mis-managing...

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