LostInTechnology

Keep Track of Your Expenses with Free Finance Tool

Posted on 08. Dec, 2009 by Aminul Islam Sajib in Internet Tools

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Ever wondered where your paycheck goes throughout the month and why you didn’t end up saving as much as you wanted?  Most of us do this all the time, but spending money without having any way to track your expenses can be one of the main causes of not saving as much as you want.

One of the common reasons why people don’t keep track of income and expenses is that it’s a little tough and time-consuming. If those are your reasons or you’re just a little lazy, I have good news for you. Free Finance Tool will help you easily manage your financial activities. If you aren’t convinced of the reasons, you need to manage your finances more closely, this quote might do a better job explaining it than me.

“If we keep an itemized list of our spending habits, we will surely find ways to cut expenses and save money. If you are like most people, you would probably be surprised to learn exactly how much money we spend unnecessarily each month.”

Rachelle Williams, Writer, eHow.com

Getting Started

Free Finance Tool lets you analyze your finances by allowing you to easily add your income and  your expenses. Registration is free to all and you can have more than one account, but you need separate email address for each. To register, click here.

Using Free Finance Tool

To get started, we need to add several things to the tool.  Let’s go through the steps.

Add a Category

Free Finance Tool has some built-in categories such as Wages and Salaries, Rental Income, Air Expenses, Shopping, etc.  These categories help you keep your income and expenses organized.  If Free Finance Tool doesn’t have a category, you can create a custom one to fit your needs.

Add Income and Expense Records

You can  add incomes or expenses to your account anytime you need. Clicking “Add Income” or “Add Expense” will take you to a form where you can select the category of the income or expense and give the amount. There’s a smart fly-out calculator on the page just in case you need one.

Other Features

Charts

You can see a chart of your overall incomes or expenses. You can also view this chart in a monthly basis. This helps you understand where you need to cut your expenses.

Different Currencies

There are a lot of currencies available in Free Finance Tool. You can choose any of them according to your currency.

Highlight Your Financial Status

Each time you log into your account on Free Finance Tool, you will see a highlight of your overall income and expense records. Also, you will see the total amount of income and expenses for the current month.

Access From Anywhere

If your mobile phone supports connecting to the internet, you can use Free Finance Tool from it.  This makes it easy to keep up with adding your expenses.

Conclusion

Free Finance Tool is an easy to use income and expense tracking program that will help you keep track of where your money goes.  This is a great free alternative to many of the paid solutions out there.  What do you use to keep track of your finances?

(By) Aminul Islam Sajib is a 16-years-old young enthusiastic blogger and technology writer from Dhaka, Bangladesh who usually blogs in his technology blog Life with Technology . He is a technology reporter of a national daily newspaper and an online news agency of Bangladesh. You can also connect with Aminul on Twitter or Facebook.

Image by Tracy O

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Tags: expenses, finance, free, internet, tools