6 Online Financial Tools to Simplify Your Life

Caucasian couple in pajamas shopping online with digital tablet
By Sandra Block and Kathy Kristof

These days, consumers have a vast array of financial products and services to manage. Consider these digital resources to help you keep track of it all:

1. Automatic bill payment and saving. To keep a record of bill payments and how the money is spent (helpful if you're trying to stick to a budget), check out Mint.com. Another alternative is PersonalCapital.com, which provides budgeting tools and will track your investments, too.

2. Credit cards. Free tools at www.creditkarma.com help you gauge where your credit stands and show how you can improve it. You can also get access to your TransUnion credit report, updated weekly.

3. Insurance. The Insurance Information Institute offers Know Your Stuff, free software that will help you create a record of your possessions. It's also available as an app for iPhone and Android smartphones. Your insurance company may also provide mobile or online tools you can use to record information you'll need to file a homeowners or auto insurance claim.

4. Password management.PCMag.com provides a good rundown of the password managers available (along with their prices).

5. Paper files.Shoeboxed.com offers a free service that allows you to upload as many as five documents a month; after that, prices range from $9.95 to $99.95 a month, based on the number of documents stored and other services. Or use a free cloud-based service.

6. Retirement accounts. Your IRA provider probably offers tools you can use to figure out whether your overall port­folio is appropriately diversified, based on your age and risk tolerance. To see if you're saving enough, use our Retirement Savings Calculator.
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