Tips and Hacks to Save a Shrinking Budget


Monika Mundell wrote a post titled “Helpful Ways To Save Money In Hard Times” and gave common sense (cents) ways to save money in these diifcult days.

Here are a few of the tips:

Cut impulsive spending– In times when money is short, it is more important than ever to stop impulsive spending immediately. Even if you just save $20/week by not having a cup of coffee around the corner every morning it can add up (the latte effect). Instead you could pay this excess money on to your mortgage to bring down the interest payments which will further save you dollars.

Look for a second income-Many job earners are in a situation when they don’t know whether they still have a job tomorrow. Think real estate, the banking sector, local small businesses. Many of these are especially endangered due to a slow economy. Most people have no excess money to spend anymore and this creates a massive chain reaction with many businesses going bust.

If you work in a high risk industry, act now and look for alternative income streams. It may mean working two jobs or doing some freelancing on the side, and regardless, it will mean more time on the job than off. Even if this means you will be uncomfortable for some time, you rather be that than broke and without a home.

Cut up your credit card-If you find it hard to deal with credit and feel that you cannot pay off your credit card bills in full every month, you are better off without credit cards. The problem with these is that we don’t think before we buy because we don’t have to hold physical money in our hands before we spend it.

(For more helpful tips click here)

Devin Willis


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The Top New Money Management Tools and Resources to Manage Finances

I know many individuals are looking for a better ways to manage their finances. In our family Julie(my wife and C.F.O) has done a great job keeping us out of major debt. However, we know it is an on-going  process and that is why I want to share the following:

Here’s a monster list of 18 of the top Web 2.0 finance services currently available. This list covers new sites offering services in a variety of specialized fields ranging from online banking, personal finance, investing, business tools, shared bills and housing prices. Be sure to fully investigate all the features and security details on a site before signing your life away and deciding which one best fits your needs. Or you can just choose the site with the coolest logo, always a fundamentally sound means of selection.

Enjoy, and let us know what you thought of your experiences with these sites.


DimeTracker is an easy to use tool that is perfect for keeping track of everyday expenses. If you are a person that constantly makes small purchases that land you in hot water when you fail to include in your check book this program is for you. DimeTracker is 100% free to use and has a mobile feature which can be used on the go. Use DimeTracker to keep tabs on spending at fast food restaurants, last minute grocery store visits, and other small expenses.

Foonance is a personal finance service designed with families, couples, and the average person in mind. This service takes a personal approach to money management with a user friendly, fun, interface that isn’t nearly as intimidating as some other sites. Foonance lets users quickly import their bank statements and other financial information so that new users can get started managing their money quickly. Users can set up different transfers between accounts and schedule transactions such as mortgage and student loan payments. These transfers can be categorized for easy reference later and pending balances can even be viewed to avoid confusion. Users have the ability to view their net worth in the program so that they always know their financial situation without having to toggle through accounts.

PearBudgetis an extremely easy to use finance managing tool that offers new users a free 30-day trial. If you have had a hard time using personal finance software like Quicken and Microsoft Money should give this user friendly program a try as PearBudget is perfect for people who have never had any luck with using finance programs before or have no experience managing their budget. If you enjoy tracking your finances with PearBudget it is extremely affordable to keep using: users are charged only $3.00 per month to keep their accounts active.

Money2Manage is an extremely easy to use software program that can be used to take care of all of your financial management needs. The easy to use app is perfect for users who have never used a financial management program before. Money2Manage lets users manage multiple accounts so that you can keep track of several different transactions in one place. It is also easy to set up a list of payees so that you can keep track of who needs to be paid what and when they need to be paid. You can easily create categories to make it easier to track different types of accounts.

Spendji is an all-in-one personal finance management tool for families and friends that have a great deal of planning to do. The site helps families create budgets that the entire family can follow: this includes handling bills, groceries, discretionary spending and much more. In addition to helping with budgeting, Spendji can be used to research costs before a trip and track expenses. Families and friends can also use Spendji to communicate and share important dates and news. Spendji is free to sign up with.

NetworthIQ is a free Web 2.0 financial management tool that can be used to keep track of all debts, account balances, and much more. This is a relatively easy to use tool that helps individuals track basic financial information. It does not have many of the tools available with other, paid-for, services but it is nevertheless useful. NetworthIQ lets users share their information with other members and even display your net worth on your personal website or blog. For those of you who are private you do have the option of keeping your information to yourself. Even if you do choose to share, none of your personally identifiable information is ever made available to other members.


Zecco combines a free online investing tool with a financial community. Users can set up an account at no charge and make stock trades without paying commissions or fees. This feature alone makes the site extremely popular with individuals who are interested in stock trading but unable to afford the fees and commissions associated with trading. In order to sign up for an account you must be able to provide proof of employment, a copy of government ID and your banking information. This information must be faxed to Zecco before you can start using the system.


Analysis One is an online tool designed to help businesses manage their finances and keep track of their organization. The tool is extremely easy to use but provides a wide variety of professional features that will primarily help business increase efficiency and productivity. The core competency of the app helps businesses to analyze their financial performance and identify strengths and weaknesses.

Endeve is an online electronic invoicing tool that can be used by self-employed individuals or businesses. Invoices can be created in only five minutes: there’s no more messing around with paper invoices and keeping track of paper receipts. These electronic invoices will help your business manage clients and keep track of revenue that is earned. Once you get started with this system you will cut down on the amount of revenue being lost because of poor invoicing habits.

Xpenser is an online tool designed to keep track of forgettable business expenses as soon as they are incurred. The tool is completely free to use and works with mobile devices including cell phones, Twitter, IM, and PDAs. Xpenser gives users an easy way to document expenses such as client dinner meetings, last minute travel and unexpected hotel expenses immediately. Xpenser helps cut down on reporting and expense errors that take place when spur of the moment business expenses are not accounted for, which saves you money and time.

Clarity Accounting is designed with the needs of professionals and small business owners in mind. It is a must have for self-employed individuals who have a hard time keeping their personal and business expenses separate. Clarity Accounting helps manage the income earned through professional work and the expenses that go towards business necessities. Multiple users can access Clarity Accounting, and it also has extensive customer support if needed. Clarity Accounting also makes it easy to back up information in case of a computer crash or other malfunction.

iOWEYOU is a unique expense-tracking program designed for anyone involved with casual lending and borrowing. It lets friends and family members easily keep track of who owes who what amount of money. The service is designed to be used by multiple individuals so that everyone can be involved and aware of transactions. iOWEYOU is great for family members who split household expenses and friends that are constantly arguing over who owes who money. Bear in mind that this is not intended to be used to manage personal finances or keep track of large sums of money, rather it is meant to replace classic “I Owe U” notes so all parties are the same  financial page

Humbly posted,

Devin Willis


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