Debt settlement is usually only half the process when it comes to rebuilding your life after you’ve accumulated many debts. After you’ve been helped in settling with your creditor it should leave you with the task of planning out a way to avoid accumulating an excessive amount of debt again. There are many resources available online that could help you manage and save, instead of spend, your hard-earned dollars, which could leave you a much more financially healthy and happy person.
Even choosing a savings account could be an important step since it could mean a difference of thousands of dollars in interest over time. One of the most popular banks, Bank of America, typically offers a 0.05% interest rate on their regular savings account. For every $100 dollars you put in this type of account you will make a measly $0.05 each year. Alternatively, there are many accounts that offer 2% returns, which is $2.00 for every $100 you put in their savings accounts – 40 times the amount that’s typically offered at Bank of America.
Here is a list of 11 sites available to possibly help you manage your money:
DepositAccounts.com – Founded as an unbiased source by Ken Tumin as a hobby several years ago to help people find savings accounts in the nation and eventually turned into a valuable resource for those who would like to find great interest rates.
BankRate.com – A site full of calculators, statistics, and financial resources designed to help you better understand your financial situation.
GoBankingRates.com – A resource for the latest rates on CD accounts to personal loan rates.
Money-Rates.com – The primary spokesperson, Richard Barrington, a CFA, provides financial advice along with the most current financial rates.
SavingsAccounts.com – Bank reviews along with the current rates for CDs, savings, and money market accounts.
Online Budgeting Services
Mint.com – Winner of numerous awards for best site for managing your finances. It is owned and operated by Intuit, the maker of Quicken, personal finance software, and is available on multiple devices. Shows its users where they are spending their money and how much along with a place to aggregate the information from your bills to help you keep track of it all.
Manilla.com – Manilla allows you, once you’ve picked out all your savings accounts above, a place to keep track of your finances – Everything from phone bills, cable bills, credit card bills to even keeping track of the air-miles you gain from using loyalty programs.
YouNeedABudget.com – Rated by LifeHacker as the most popular personal finance software, YouNeedABudget (YNAB) is designed to help you put your money to work for you by keeping a tight watch over it.
LearnVest.com – Much like the Mint and Manilla, Learnvest is designed to help its users by giving them motivational help via financial bootcamps along with the ability to analyze all of your finances in one place.
Tools and Calculators
If you are only interested in a quick snapshot of where you reside financially, there are many other quick-resources and calculators that could help:
Money.CNN.com – There are many personal finance calculators to be found at this website based around Money Magazine.
Finance.Yahoo.com – Yahoo has a great personal finance section and very useful personal finance calculators.
Photo credit: flickr