Comments on: Is there a right way to track expenses? http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/ Articles on game theory and personal finance Thu, 29 Jul 2010 12:43:59 -0500 hourly 1 http://wordpress.org/?v=3.0 By: Strategies for survival on an entry-level salary » Brazen Careerist by Penelope Trunk http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/comment-page-1/#comment-305 Strategies for survival on an entry-level salary » Brazen Careerist by Penelope Trunk Mon, 01 Oct 2007 16:16:49 +0000 http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/#comment-305 [...] finance advisers online today aren’t always talking about 401(k)s. JD Roth, Trent Hamm, Presh Talwalkar - they give practical advice for people who haven’t had the ability to stockpile for decades. [...] [...] finance advisers online today aren’t always talking about 401(k)s. JD Roth, Trent Hamm, Presh Talwalkar – they give practical advice for people who haven’t had the ability to stockpile for decades. [...]

]]> By: RohoMech http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/comment-page-1/#comment-281 RohoMech Sun, 23 Sep 2007 20:58:50 +0000 http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/#comment-281 hey Kyle, thanks for pointing out those sites, I'd setup a script on my machine to login to various finance sites each day, to keep track of things but I still had to aggregate things myself :-( I usually try to keep my expenses on a single credit card, but that plan has holes in it, like if I hit up the ATM or use a different card. Thanks for the sites, they sound pretty neat. hey Kyle, thanks for pointing out those sites, I’d setup a script on my machine to login to various finance sites each day, to keep track of things but I still had to aggregate things myself :-(

I usually try to keep my expenses on a single credit card, but that plan has holes in it, like if I hit up the ATM or use a different card. Thanks for the sites, they sound pretty neat.

]]> By: Presh http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/comment-page-1/#comment-280 Presh Sat, 22 Sep 2007 21:17:33 +0000 http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/#comment-280 @Kyle: Thanks for the detailed information about automatic services. Clearly, I have a bias to my own spreadsheet since it is quick, customizable, and secure, but I am open to finding a good automatic service. I will check out Yodlee and Worthie. @Kyle: Thanks for the detailed information about automatic services. Clearly, I have a bias to my own spreadsheet since it is quick, customizable, and secure, but I am open to finding a good automatic service. I will check out Yodlee and Worthie.

]]> By: Kyle http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/comment-page-1/#comment-279 Kyle Sat, 22 Sep 2007 15:42:51 +0000 http://mindyourdecisions.com/blog/2007/09/20/about-using-the-simple-expense-tracker/#comment-279 Hey Presh, Have you tried moneycenter.yodlee.com? It is an online application that is used by a lot of banks, such as Bank of America (largest Bank in the US) for managing your money online and so is pretty trustworthy. This particular version is unbranded and completely free and open to use. You login and fill in your online logins for your banks, credit cards, and market accounts. (Make sure your passwords are always very secure) It will then interface with these accounts and break down your credit card bills and bank accounts automatically into how much you save and spend and add categories as well. If it messes up, it is simple to click a drop down menu to change that a regular store is actually a restaurant. It will also remember the changes that you make to their automated categorizing of your expenses. You can then click and see charts of your money coming in and out and you can also set up a budget for each category (Food, Hobby, Travel, so on) and it will track automatically each month how close you are to that budget. Finally, you can do online bill pay through their system so you can use the site as your one stop banking and expense tracking needs. Another quick and easy site is www.worthie.com. It is in beta and I haven't looked at it in a while. But it will do charts and you can tag and categorize your spending as well. Although I like Yodlee more because it will do it all for you automatically. But if you are uneasy about giving up your bank logins, check out Worthie. Kyle Hey Presh,

Have you tried moneycenter.yodlee.com? It is an online application that is used by a lot of banks, such as Bank of America (largest Bank in the US) for managing your money online and so is pretty trustworthy.

This particular version is unbranded and completely free and open to use. You login and fill in your online logins for your banks, credit cards, and market accounts. (Make sure your passwords are always very secure)

It will then interface with these accounts and break down your credit card bills and bank accounts automatically into how much you save and spend and add categories as well. If it messes up, it is simple to click a drop down menu to change that a regular store is actually a restaurant. It will also remember the changes that you make to their automated categorizing of your expenses.

You can then click and see charts of your money coming in and out and you can also set up a budget for each category (Food, Hobby, Travel, so on) and it will track automatically each month how close you are to that budget.

Finally, you can do online bill pay through their system so you can use the site as your one stop banking and expense tracking needs.

Another quick and easy site is http://www.worthie.com. It is in beta and I haven’t looked at it in a while. But it will do charts and you can tag and categorize your spending as well. Although I like Yodlee more because it will do it all for you automatically. But if you are uneasy about giving up your bank logins, check out Worthie.

Kyle

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