I’m a sucker for graphs and visual aids, especially when it comes to my finances. I use Quickbooks to track my income and expenses which helps me see where I spend my money. It’s a great way to figure out what I need to cut back on. However, it doesn’t really have a goal-setting function, or a way to visualize future plans. This has been my weakness – setting long-term goals and actually accomplishing them.
Yet, there’s a free tool available online called Planwise. It’s a free online personal finance decision tool that allows you to input your expenses and income and set goals for yourself, such as pay down debt, buy a house, or take on a major expense. It also predicts your progress on paying off debt and potential affect of saving the remainder of your income through bar and line graphs.
You can try it out online without signing up for an account, but once you leave the page it won’t save your data. Or, sign up for an account to save and view your information whenever you’d like. Planwise doesn’t require banking information or even your real name, so there’s not a threat of identity theft.
Additional features include alerts that summarize your current finances and products tailored to assisting you with budgeting or saving money.
Not sure if Planwise is for you? It’s free and anonymous:
Have you tried Planwise? What are your thoughts?
