7 Free Money Tools That Will Help You Build Wealth Today

Free Money Apps, Online Budgeting Tools

I may earn commissions from the links in this post. Opinions shared are for entertainment purposes only and should not be considered as professional advice.

Have you ever heard the saying, “You get what you pay for”?

This statement is essentially inferring that you if you want quality, then you’ll have to throw down some cash.

I used to believe that, but I don’t anymore. Over the last 7+ years, I’ve discovered more and more apps, tools and websites that have helped me on my journey to financial freedom. Most of my favorites have been completely free.

Oh, yeah … the best price out there my friends.

Yes, there are quite often other services that are being sold in addition to the free ones, but hey … if you don’t want them, don’t buy them. And if you do, now you at least trust their offering after digging their free service. It’s like a test trial.

Here are 7 free money tools that will help you save more money, grow your wealth and protect your family:

Free Money Tools, Online Budgeting, Finance Apps

Personal Capital

Nicole and I have been tracking our net worth since 2010 when Suze Orman helped us figure out that we were broke as a joke! We started at -$50,000 and now we’re closing in on $750,000. That’s an $800,000 swing in 8-years!

We owe a lot of that success to simply tracking our net worth. Personal Capital has served as incredible tool for this.

You insert all of your account information including debts, cash accounts, investment accounts and even assets like your home and car (yes, even your car counts toward your net worth).

There’s even an easy-to-use app for checking in on your net worth goals throughout the year. We’re shooting to be in the 2-comma club by 40!

Tomorrow

I connected with this family empowering company after they sponsored my weekly podcast. Their mission to help families make smart financial decisions and protect their kids is right up my alley. 

Tomorrow’s user-friendly app helps you build your family’s last will and testament for free.  They also offer options for a family trust and affordable term life insurance as well. 

Mint

For the last 7 years, Nicole and I have used Mint to manage our monthly budgets. This free online system has helped us to reduce money fights, pay off our $195,000 mortgage in 4 years and plan for our family’s future.

Each month, we get together to complete our “budget party” using Mint. We discuss the following:

  1. What we spent and saved last month
  2. How we’re going to allocate our money this month
  3. What events (birthdays, weddings, etc) we have coming up in the future
  4. How we’re tracking against our big family financial goals
  5. The progress of our investment accounts (529, HSA, 401k, Roth IRA)

Related ArticleCreate Your Budget on Mint in 10 Simple Steps

(If you’re more into spreadsheets than online systems like Mint, check out Tiller. Tiller is not free, but it’s an inexpensive system that is helping loads of people manage their money more effectively.)

Honeyfi

For the couples out there, Honeyfi is a budgeting app designed specifically for you. This free app allows you and your significant other to easily share your budget information together.

HoneyFi also has a tracking and chat feature that allows you to easily check in on certain shared expenses. One of the founders of Honeyfi told me that his wife uses this feature as a good way to harass him when he gets fast food too much!

That sounds like me and Nicole … I give her a hard time for her Target purchases and she harasses me for buying random stuff on Amazon (I mean c’mon, Nicole – Who could live without a luxe bidet!? We’re still trying to hook it up. Our first try soaked the ceiling!)

AnnualCreditReport.com

Each year, every US citizen is entitled to a free annual credit report according to Federal law. To claim your free report from all three reporting agencies (Equifax, Experian, and Transunion), you need to visit AnnualCreditReport.com.

I set a Google Calendar reminder for myself to visit this site once a year. It helps me to know if my identity has been stolen and if my credit information is up to date. So far so good!

Credit Sesame

For an everyday check of your credit score, I like Credit Sesame. This free app monitors your credit, gives you an up-to-date score and offers suggestions on how to improve it.

Credit Sesame, Credit Monitoring

Since we don’t have a mortgage anymore, I have an “F” grade for the “age of accounts” category. Wah wah … small price to pay I suppose.

I don’t plan on borrowing much money going forward so I guess I’m good with my credit score going down. I do still want to get credit cards though so we can score some free travel with the kids this year.

Birch Finance

I discovered this credit card optimizing company last fall at a financial conference I attended.

Birch Finance tracks your credit cards and recommends which card is best to receive the most cash back and rewards. I just started using it a few months ago and love how it’s laid out.

Birch Finance App

This free app will help you earn more rewards with every purchase you make. If you’re going to be spending anyway, you might as well be rewarded!


What money tools do you love?

Please let me know in the comments below!


Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

8 thoughts on “7 Free Money Tools That Will Help You Build Wealth Today”

  1. Thanks for the update. I’ve been using Mint since 2010 (half heartedly since paying off house). Some new ideas for stuff to checkout here.

    1. Congrats on paying off the house! That’s awesome. We just paid ours off in the fall and we’re excited about all of our upcoming financial steps.

      Let me know if you like any of the suggestions.

  2. Hi Andy- Good list. I’m going to check out HoneyFi. I don’t want to monitor every transaction but I would like my wife and I to be able to come together in aggregate each month to understand our spending.

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