For my financial output data I only used one website and that was BankRate.com. This site allowed me to enter in my loan amount, interest rate, and length of mortgage term in years. I was easily able to change the term and have the calculator display the new monthly payments and the total amount that the loan would cost me including interest. This tool was very helpful and I would not hesitate to use it again.
In order to put my plan into motion I’m going to have to watch my budget closely. In order to do this I will use Mint.com. Mint will allow me to link my bank accounts, credit cards, and mortgages to the site. After linking all of the accounts to my Mint account I can create budgets, set up goals, and analyze where I’m spending my money. If you go over your budget in any area you can also have Mint send you email reminders so that you are aware of it and that way you can make necessary adjustments for the remainder of the month.
Another financial tool that I think a lot of people forget about is online banking. Setting up an online account through your bank can allow you to instantly view transactions and transfer money to other accounts if needed. You can look for trends in your account, order cashier’s checks, foreign money, or whatever else is needed. These tools can make people more aware of their financial situation and also save them a lot of trips to the bank.