I work hard to manage my small salary and make it work for me.
Here are the tools I use and recommend for anyone who needs to figure out their money and make it work for them. Almost every tool I use has a free and paid version so you can use all of these at any budget. That’s the smart personal finance way to manage your money!
I like Scottrade because they offer lots of options and great customer service. You also don’t have to have a ton of money to start like you do at some other firms. You can use Scottrade for a Roth IRA or regular investing account or both! There is a lot of flexibility and they offer phenomenal customer service. Sign up is quick and easy. You can read my personal review of Scottrade here: Scottrade Investing Review.
Get it for yourself: Scottrade
Now that I’ve paid off my debt I use Personal Capital as my investment tracker. It’s pretty amazing for seeing wealth in one place and watching investments rise. I highly recommend using it once you get out of debt and want to grow your net worth. You can read my personal review of Personal Capital here: Personal Capital Review.
Get it for yourself: Personal Capital
I use mint.com and it’s iphone/ipad apps to budget and track my expenses. Every cent I spend is done through credit cards which then is tracked through mint which helps me organize my expenses and see where I can improve. Mint has been incredible and changed how I manage my money. If you have no clue what is happening with your finances I recommend using mint to tune in and discover where your money is actually going.
Get it for yourself: Mint
I signed up for LearnVest emails a few years ago when I first discovered the site. Since then it’s been an invaluable source of knowledge as I’ve worked to figure out my own money situation. The site offers a lot more than emails though – they have free financial consultations, a 7 step program to achieve financial goals, and help with budgeting. You can get a lot of information and help for free so I highly recommend checking the site out.
Get it for yourself:: LearnVest
Credit Cards: Cash Back Reward Card
I use a credit card for all my daily life purchases. I send all automatic bills directly to it including electric bill, phone bill, vet payment plan, etc. If I can pay a monthly bill with it then I do. I also use it for daily food and gas and all the necessities. I then pay off the bill every other week as I get paid. I’ve found paying it more frequently than monthly helps me stay on top of the bill and never let it get out of control. This allows me to keep all the benefits of using a credit card without any of the debt or interest!