8 Tools to Help Seniors Manage Their Finances

Keeping on top of finances is much different once you’re retired, and can become more complicated than one expects. About one in three senior households are out of money, or in debt after paying monthly bills. Fortunately, there are a few things that can help. BudgetPulse (a program that creates a budget and tracks spending each month), Budget Simple (free online budgeting tool), Economic Checkup (offer calculators for budgeting and have info on government resources), Mint.Com (Links to your accounts to track spending and expenses), Personal Capital (tracks earnings and losses in investment accounts), PocketGuard (tracks spending, and gives you a snapshot of available funds), Prism (has a simple design), and You Need A Budget (not free, and also provides classes, podcasts and videos). After all, financial health is just as important as your physical health!

Key Takeaways:

  • Many senior households struggle with paying their bills, sticking to a monthly budget, and staying on top of their finances.
  • There are simple tools available to seniors that can help them track their expenses, create a budget, and set savings goals.
  • Budgetpulse, Budget Simple, and Economic Checkup are three free online tools that seniors can utilize to help them manage their overall finances.

“Even if you’ve managed your whole life to stay on top of your finances, your financial situation will start to look different after retirement.”

Read more: https://www.senioradvisor.com/blog/2019/03/tools-to-help-seniors-manage-their-finances/