What Yodlee lacks in graphical excellence, it makes up for in powerful financial tools. I have tried several online financial management programs. (Sites such as Mint, Wesabe) Email me if you want to know why I don’t use these. Yodlee is a seamless management tool that imports your account information and categorizes it. You categorize whatever does not get a tag. Also, you can create rules when trasactions come in for categorization. For example: If a transaction has the word “Exxon” categorize it as “Gasoline”. I trained my filter to where most of my purchases are automatically categorized.
The beauty of your transactions being categorized is the reporting system. You get a cool pie chart showing you how much you spent in all your categories. You may be surprised to see which slices are the largest! Yodlee also has a built-in budgeting system. You plug the numbers in for each category (it gives you your monthly average). Then, when you hit 90% of your budget for the month in that category, it emails you or text messages you letting you know it’s time to cut spending in that category for this month. Yodlee is FREE and is secured by one of the top internet security firms out there - RSA. Get your finances in order so that you can keep your mind on the Kingdom! It’s free, you have nothing to lose.
