Zone 2

Money In the News: 11 New Tools For Your Money

CNN Money just posted a new list of 11 new tools to help you manage your money.  I swear the first one is an idea I had last year when I got frustrated with the dollar balances on a few gift cards I had in my wallet.  A service that lets me consolidate them to pay bills?  I hope it is as good as it sounds 🙂

The Good:

  1. Charge Smart – Pay bills with gift cards
  2. Bill Float – Float a bill payment that you don’t have the money to pay, for an annual interest rate (seems like a good idea, but I am not a fan of programs that could potentially put you in further debt)
  3. PayDivvy – A service that lets you divvy up various bills with friends or room-mates.  It even sends out reminders for everyone and is a free service.
  4. ID Analytics – Alerts you of identity theft in real time via e-mail or text.  May help you prevent the transaction from going through.
  5. enloop – If you have an idea or concept that you aren’t sure whether it will be successful or not, this tool creates a business plan and prediction for the success of your venture.
  6. Money Messenger – Paypal is launching a new project that lets you send money to someone with just their e-mail address or phone number.
  7. BancVue MoneyIsland – A website “game” that teaches children about money and parents/teachers can track the child’s progress.  I’m all about anything that teaches children and teenagers about handling money wisely.
  8. Debt Coach – A service that will pull credit reports, organize debts, and create a plan of action for eliminating debt.
  9. Clovr, Edo, and Bankon – Three free services that automatically let you swipe discounts onto your account with them or your own bank account.

The Questionable

  1. EyeLock – I really don’t understand why this was added to the list of tools for money.  It’s a paid scanner that scans your eye in order to log you in to various services.  I don’t think I want to scan my eyeballs anytime soon.
  2. Balance Financial – A service that pairs you with a bookkeeper from a network of screened professionals.  Again I am not sure why this service is in a list of tools for your money.  Paying someone to handle your personal budget seems a bit excessive, but perhaps this service is useful for businesses.

Visit CNN Money to see more information on these programs and companies.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

This entry was posted in Money in the News and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

Zone 3