Financial Tools

I am always looking for financial tools to help me make better decisions. With so many options it can be a bit overwhelming deciding what to do. In my search for some great financial tools I came across Bankrate.com and Mint.com. You have probably heard and or use both of these sites.There is a lot to love about Bankrate.com because it has everything for everyone.

If you are in the market to buy a home it can help you find a mortgage by state,city, amount and the product. There is a mortgage calculator for Mortgage  (includes amortization schedule), you can compare Fixed or adjustable rate mortgage?, there is a Loan-to-value calculator, Mortgage annual percentage rate calculator and Adjustable-rate mortgage calculator. Also, Bankrate.com posts news related specifically to homeowners such as the mortgage rate trend index. If you are in the market for refinance than Bankrate also has something for you by using the same tools for finding a mortgage. If you aren’t a homeowner Bankrate.com still has something for you.

For those looking to invest in CD’s, a visitor is able to compare the different rates offered by banks as well as the minimum deposit and comments by independent sources. Additionally, you can receive news related to CD’s. If you are an investor you get limitless information from Bankrate.com. An investor is able to get the most up to date news on Stocks, ETF’s, Mutual Funds and he or she will be able to calculate how to reach savings and investment goals. Also, an investor will be able to compare online brokers if he or she is looking for one. A very exciting part of Bankrate.com is the attention they pay to college students.

As I said in the about me section of this blog I graduated from SUNY Cortland in 2009 and I trully wish I had known more about finance. The good news is that I feel like financial institutions are paying more attention to college students. Bankrate.com allows students to look for student loans with the lowest rates and find a 529 College Savings plan. There are Student budget calculator, Loan calculator,Credit risk assessment calculator, Spending calculator and Lunch savings calculator. Mint.com is another good tool to get your financial house in order.

When you first go to mint.com and sign up they will ask for all of your financial information and then determine how much you spend and where you spend it. Furthermore, mint.com will be able to use that information to determine a budget for you. I will post more about it as I get more experience.

In conclusion, both tools are worthy of exploration to see if it’s a good fit for you.

2 comments

Leave a Reply

%d bloggers like this: