About three weeks ago Laura and I decided to find a way to better keep ourselves accountable for the money we spend. After taking Crown Ministries (If you have not done this, do it, you’ll love it!) class 18 months ago at Redeemer we tried using an excel spread sheet they provided, but found it to be too much work collecting receipts and sitting down to go type in what we bought and how much in the various speadsheets. So we didn’t keep up with that very long. So I did a few internet searches and found mvelopes, quicken online, Mint.com and wesabe. mvelopes looked great, but wanted about $130 a year so we didn’t even try it. The other three are free so I set up a username on quicken, mint and wesabe to take a look at the various user interfaces. What is great about all of them, and the reason I would recommend you try Mint.com if you need some financial help, is the simplicity of using it. You don’t manually put your purchases in, rather you link it to any credit cards you have as well as bank accounts, loans, etc. and Mint gathers all your transactions for you. Then you simply tell it how you want it to budget things.
Follow link to read & see more about Mint.com
Quicken and Wesabe were ok, but Mint.com won out because of a great budgeting tool. You can create a budget item for anything you want. Tell it how much for the month or set a budget for something you only pay every three (or any number) of months, like auto insurance. You can then visually see the budget as you spend. Since Mint automatically gets all your transactions (except cash, which you must enter manually) you simply tell it what budget an item go in (it automatically puts it in the most logical one for you). In the future it will guess based on where it is from what budget it goes in.