Getting your hands on some of the best online money management tools can help you become more efficient at managing your money and taking charge of your finances.

And with this, you are better prepared and equipped to discover ways to meet your long-term financial goals.

Choosing the best Money Management tools or apps largely depends on your financial goals, current financial needs, and what you intend to achieve with each tool.

Some of these personal finance tools could be software or apps. They could also be free or paid for depending on the company and what features you need.

Knowing the best app for keeping track of bills, budgeting, tracking expenses, making investments and the likes will greatly reduce your stress of trying to figure things out on your own.

The list of the best personal finance software that we will share here will include both free and paid options to suit a variety of financial goals.

Best Online Money Management Tools You Can Use To Organize Your Finance

Quicken

Overview.

This is a full-featured tool that offers a  holistic approach to financial management at a relatively low cost.

A free trial is available after which you are billed  $41.88/year and up depending on what features you go for.

 You can use the software to manage various aspects of your finances ranging from budget creation to debt tracking, savings goals, and even investment coaching. 

It has Excel exporting feature which allows you to manipulate and perform additional calculations for better visualization of data.

You can also use the tool to automate bill payments.

Quicken allows you to accurately calculate your net worth by tracking the value of your assets and investments.

 This personal finance tool can help you to manage both your personal and business expenses and even handle property management functions like rental payments.

It’s available for Windows, Mac, iOS, and Android.

Pros

• It has Several features available which allow you to perform more activities from a single place.

• Relatively low cost compared to its functionalities.

• More high-end.

Cons

• Could be technical to use 

• Might be overwhelming if you need something simple and handier.

• If just budgeting is your ultimate need, then this tool might not be for you.

YNAB

OVERVIEW

This tool will you improve your financial literacy, build better money habits and manage your monthly budgets all at the same time. 

YNAB will provide you with great financial tutorials that can also help you to break bad money habits.

 This financial software automatically integrates with your bank account and allows you to analyze and track your expenses so that you don’t overspend.

This money management tool is free for  34-days after which you decide whether it’s right for you or not.

The paid version is $14.99 monthly or $98.99 annually.

Pros

• Goes beyond budgeting to help you build great money management habits..

• Gives you a detailed budgeting and spending overview 

• Motivational in nature.

Cons

• Relatively expensive when compared with similar tools.

• Does not track investment.

• this tool can be restrictive at times.

Mint.

This app is one of the best and most popular budgeting tools which greatly helps with expense tracking.

This app can use your bank and credit card details to help your spending behaviors.

This helps you to see areas where you are messing io and possible ways to correct things 

This tool allows you to set up alerts for payment due dates and low balances to keep you on track. 

This way, you avoid expensive fees on late payments and overdrafts from your bank.

With this tool, you can set up budget categories with limits on each item so that you don’t overshoot your budget.

This budgeting tool is free and is available on iOS and Android devices, as well as desktops.

Pros

• Free to download and use.

• Has Spending categorization

• Great for budgeting.

Cons

• Might be too basic and limited in function if you have more needs.

• It has distracting ad popups.

Personal Capital

Overview.

Personal Capital helps you have your budgets and investment goals all in one place so that you can be daily updated on your financial goals and progress.

With this personal finance software, you can manage all your financial accounts in a single platform.

your bank accounts, mortgage, and other credit accounts, plus your investment accounts can be integrated to give you a quick summary of your financial position in real-time.

 This online money management tool serves those with multiple accounts well as you can see everything in one place.

If you have a portfolio of more than $100,000, you can get personalized financial advice based on your goals. 

While you’re charged a fee for this service, financial advisors are obligated to provide you with advice that works in your best interest.

 There is no monthly fee, and the annual management fee is tiered based on the investment amount. 

It starts at 0.89% for balances under $1 million.

Pros

• Manage all your accounts in one place

• Personalized financial advice is available for certain users.

• It can help you track and adjust your financial goals along the way.

Cons

• High AUM fee.

• It’s for sophisticated users only.

TurboTax

Trying to get through your tax filing is a difficult task that nobody likes.

This is one of the best financial tools that Is there to help you take care of your tax issues.

This tool isn’t what you would need every day, but surely an able companion when it’s tax time.

 While it’s one of the pricier tax preparation tools, it’s also consumer-friendly, walking you through your taxes to help you accurately file your return. 

This tool is fairly simple to use. All you have to do is to import your W-2 information from your employer or take a picture of it, and the software will transfer the information into the form.

And after a first-time use, the tool auto generates your personal information in the future and asks you to make changes where necessary. 

There are rye basic and higher-end versions of the tool.

The basic version lets you file your federal and state return for free if all you use is form 1040 with no attached schedules.

On the higher end, TurboTax Live connects you with a tax expert to give you personalized advice and answer questions about your tax return. 

The higher-end version of it can help you uncover deductions you may not have known were available to you. 

While you can use TurboTax on the web, you can also download the software to your device for added security.

TurboTax offers a few tiered plans, ranging from $0 to $119 for federal tax filing.

Filing your state taxes will be an additional cost with its higher-tier options.

Pros

• This tool takes your tax burden away from you by helping you with Step-by-step tax preparation

• You can get live support if you are subscribed to the higher version of it.

• It can save you money via deductions.

• It’s cheaper than hiring a tax expert.

Cons

• Can be expensive.

• The basic version might not be as helpful.

• It’s exclusive to tax issues which means that you would need to get other tools for other areas of finance you might need help with.

Final Thoughts

Getting your hands on the best online money management tools is a great way help your financial journey and goals.

They will also help you keep things going as they are handy enough to be easily accessed just when it matters the most.

All you have to do is to experiment with them to see the ones that fit to perfectly serve your current needs.