Zooming In And Out of Your Personal Finance
Managing your personal finances can be stressful. What is going where and how can be a tricky job. Sure, there are paper and electronic bills and documents, but they usually can’t give you a general overview of the bigger picture. If you are a visual type like I am, you would want graphs, charts and all kinds of fancy visual tools.
Luckily, there are web tools and platforms that can help you with that like Financial.Me. The interactive overview allows you to sweep through your finances and explore what’s happening where. You can get a view of your whole financial life, see what’s ahead, and then tweak things to see how you can change the future. At the end of the day Financial.me is about removing the worries about finances and money from your life, so you can sit back on the beach, and worry about the important things, like “Where’s that Mojito refill I ordered?”.
Chill Out, Financial.me Has it
You can sign in from any web-connected device, such as your computer, mobile phone or tablet, and quickly search or check your account balance. You can see and interact with your financial history and current financial status. Zoom in to see a month-by-month breakdown of your assets and liabilities, and how they change from month to month. Then zoom out to a yearly view, with a forecast of how the rest of your financial life might look. And the best part? Basic package is totally free!
Yup, you read it good, financial tool that is free in its essential package. With it you will get manual transaction importing, interactive overview, transaction categorising and zero ads. However, if you want to upgrade to Premium, you will get automatic transaction importing, automatic categorisation, multi-currency support plus everything in free package. It will cost you $9.95 per month.
Need/Have a Financial Advisor? No Problem!
If you are a financial advisor, you know it’s vital to understand the financial position of your clients. It can also be painful if you’re using paper and pencil or complex spreadsheets. Financial.me makes initial meetings a summer breeze for both you and your clients with interactive ways to quickly capture their financial position. When you’re ready to start talking with your client about their financial future, you’ll love the interactive forecast capability. All you will need to do is to pass them some sort of electronic device and point out how their retirement might look based on some simple assumptions.
After that you can show them how to adjust parameters like retirement age, savings before retirement, and expected investment return. Everyone will get hooked on “playing” with the forecast, and clients will easily see into the plan you developed with them based on the forecast. After your initial meeting, you can invite them to become a financial.me user themselves. They can pickup right where you left off, and start keeping financial.me up-to-date with transactions and asset/liability revaluations. Soon, you will be able to use your advisor portal to help them stay on track with the plan you’ve agreed.
I’m not saying finance is simple, but when it comes too keeping tabs on your own financial affairs, Financial.Me made that a whole lot easier.
