Personal Finance Guide

Archive for October, 2009

Question: Best alternative to Wesabe?

Wesabe is shutting down, so I’m looking for a good alternative. I’ve browsed hundreds of online Personal Finance tracking tools, but none fits my requirements:

1- web based
2- let me specify the merchant
3- no sync with bank account needed
4- different currencies
5- no fancy sharing options

Any suggestion? Many thanks in advance!

Answer: Hello!

Have you heard of lovemoney.com? We have a free online banking and account aggregation service: https://www.lovemoney.com/onlinebanking

No transactions can be made or money moved using our because our service is designed to allow you to see where your money goes in a ‘read-only’ format. So it’s a safe way to check what’s going on with your accounts!

Simply add the details for all your UK online bank and credit card accounts once and start browsing and filtering all your balances and transactions in one place, it is also updated automatically.

We compare your income versus your expenditure and tell you what you’ve got left at the end of the month. It also categorises all your transactions automatically and gives you a clear breakdown of where your money comes from and where it goes.

Please read our security FAQs: https://www.lovemoney.com/onlinebanking/securityfaq.aspx

We also love hearing feedback! https://www.lovemoney.com/onlinebanking/helpfeedback.aspx

Personal Finance Management Beyond PFM Lite

Asset Allocation is an ongoing process.

As stock market environments change, you should reconsider your Asset Allocation. Your individual situation and investment goals may change. Periodic rebalancing may be necessary to help manage risk and maintain effective diversification.

Because stock markets, stock market segments, and individual securities tend to rise and fall, the percentages allocated to your specific asset classes over time may no longer be in sync with your initial desires. Rebalancing forces you to trim back on winners and increase undervalued categories to maintain your original Asset Allocation strategy, if that is what you still desire.