What is Asset Allocation? If you’re an investor, filling your portfolio with an appropriate mix of stocks, bonds, cash, real estate and other investments is critical to your financial health. This mix is commonly referred to as your “asset allocation.” It’s definitely not a “one-size-fits-all” proposition. You’ll need to set up your asset allocation to reflect your risk tolerance, financial goals, and timeline. But how do you know know what to choose?
Are you looking for a software solution that can help you create and manage a budget for your spending? An app that can help monitor your investments would be a big plus, too. With the number of personal finance software tools available today, it’s not easy to determine which are the best at helping you manage your money and investments. So we’ve created this simple list as a shortcut for your budgeting needs.
The deadline for filing your taxes is looming… and if you’re like many fellow Americans, you’ve put off this tedious chore to the last minute. In fact, the IRS estimates that as many as 25% of taxpayers wait until April to file. But that doesn’t mean you need to do a haphazard job.
Personal Capital is one of our favorite personal finance software for a reason. While we think Mint is a decent budgeting tool for personal finances, it’s inadequate when it comes to net worth tracking or investment planning. Mint generally targets users who are just starting with their finances, while Personal Capital is more advanced and offers better features.
Like many people this time of year, I’m starting to think about my financial goals and resolutions for the New Year. Last year was the first year I diligently tracked each and every expense, using a trusty Excel spreadsheet. While I’ve been pretty good at using my system, it’s not a perfect system by any means. So I’ve been interested to see how Mint.com will work in addition to my spreadsheet. Mint is a FREE online personal finance service similar to Quicken.
Editor’s Note: We liked The Mint Manual so much that we acquired the rights to the eBook on July 1st, 2015. Everything about the review remains the same. By now you’ve probably heard about Mint.com and how to use it to manage your finances. By linking all your accounts, you get an overall snapshot of where your money is going, and the progress you’re making on your goals. But do you really know how to make Mint.com work to your advantage? This is where The Mint Manual comes in!
Wealthfront is one of the more popular robo advisors that we’ve reviewed. It’s similar to Betterment, both of which allow automated investing and financial guidance for individuals at little to no cost. With this exclusive Investor Junkie promotion, the first $5,000 in your account is managed for free, with any amount above $5,000 having an annual fee of just 0.25%.
Saving for different financial goals is much easier when you have separate bank accounts to track your progress. But usually that means opening up multiple savings accounts at your current bank and having to manage a lot of transactions and fund transfers. To make this process seamless and simple, SmartyPig’s service allows you to create dedicated goals and still use one checking account for everything. Plus, it’s completely free!
There are a lot of investment and money management apps available today. So how do you know which one is right for you and your investment situation? After reviewing many different apps, tools, and software programs, we’ve come up with a comparison list for smart investors. Here are some of the best smartphone apps for investors and why we recommend them.
There are many different budgeting systems out there, but one of the more popular methods for getting your finances back on track is the envelope budgeting system. The envelope budgeting system, made popular by Dave Ramsey, uses a cash-based budget that is divided into several different categories.