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February 16, 2006

Free online money management tool

Let's face it...I'm busy...you are probably busy too. Who has time these days to sit down and balance their checkbook or update complicated financial software each month? And managing your individual accounts online can be a nightmare. If you have a bank account, a retirement account, a savings account, a mortgage, an auto loan and three or four credit cards - that is nine accounts to login to on a regular basis!

Try simplifying your money management by signing up for a free OnCenter account. This service from Yodlee allows you to securely login to one website to see up to date information about all your savings, banking, investment, rewards, credit card and loan accounts. When you want more information or need to pay a bill, just click on the links in OnCenter to be transferred directly to the account. Plus, there are great charts and graphs to help you track your financial standing month-to-month.

I've used OnCenter for a few years now and had no issues with the free service. Yodlee makes money by selling similar software to financial planners and service providers such as Bank of America, AOL and E*TRADE. The service is free, safe and very helpful...what more could you want!

You don't have to take my word for it though (do they still say that on Reading Rainbow?). Here are some other bloggers who agree that Yodlee is a great money management tool: Ryan Battles, Frugal Momma and MyMoneyBlog. 

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