Best Household Finance Management Tools

Sue BeckumManaging household finances can be a difficult task, especially after marriage when it requires different members of the family coordinating their spending habits and sticking to the shared goals. Keeping track of everyone’s expenditure can be challenging with one person managing the bills and other such expenses while the other taking care of expenditures like groceries. If you are getting behind on debt then maybe a service like debt consolidation Toronto can help you consolidate your debts and get a better budget in place.

To make it easier to track household finances, many tools have been launched in the market in recent years, and this article will talk about a few of them.

Shared Spreadsheets

One of the easiest ways is to create an Excel file on Google Drive that can be accessible by both partners. They can enter their spending and save or just view the monthly finances. At the end of the month, both of them can sit together and review their accounts. It is important that when updating a spreadsheet on Google Drive, account numbers and passwords must be kept offline to protect your account from online fraud.

HomeBudget App

debt consolidationThis app can be downloaded onto your tablets or phones by paying $5 only. Once downloaded, you will have to enter every transaction you perform manually into the app, which is then shared with your partner. You can also log into the app at any time and check your partner’s expenditures. This app is better than the automatic ones because when you get to enter your spending manually, you keep track of how much you have spent and how much needs to be saved.

HelloWallet’s Emergency Savings Calculator

moneyMany people know that they need to save money for their life after retirement as well as for emergency situations, but they do not know how much to save. Here is where Morningstar’s HelloWallet comes in handy. Morningstar is a financial wellness firm that recently launched a free app to help you calculate your emergency savings goal based on your earnings, expenses, and lifestyle.


This tool is aimed at consumers who have limited access to traditional sources. Puddle, winner of the Financial Solutions Lab Competition, enables you to lend or borrow money from your family or friends through small, short-term loans. This tool is handy as most people do not have liquid cash when they need it, and it meets their needs.


This tool is specifically intended for people who struggle when it comes to managing financial paperwork. The tool has been developed by Brian Berson, who had mistakenly tossed his mother’s financial documents when he had to take her charge when she was ill. At that point, Brian thought there must be a way to digitize the process of organizing financial papers and thus, FileThis was created in 2011.

This tool is a digital filing cabinet, which automatically uploads financial account information, health insurance information, bills, tax documents and other important papers from banks and insurance companies. All data in the app is encrypted and can be downloaded whenever you want.


Why Are Debt Consolidation Loans a Good Idea?

Debt consolidation is becoming a major topic of interest in the United States, especially among those who are mindful of their finances. As more and more people begin to struggle under a mountain of monthly loan payments, they are looking for new options to help get their debt under control. One such option that is becoming very popular is a debt consolidation loan.

A debt consolidation loan is a loan that takes all of the current loan debt that is currently owed by a person and combines them into one loan, the debt consolidation loan. This type of loan typically lowers the monthly payments into something much more manageable while also giving people a more manageable interest rate. By taking this important step, many people are able to gain control of their financial situation for the first time in many months or years.

The debt issue has become even more concerning with the ever increasing rise in the number of student loans that are being taken out every year. When students graduate from college, they are not prepared for the responsibility of taking control of making those monthly payments and can quickly become overwhelmed with trying to manage the money that they owe. Many of these people compound their debt problems by going on to get mortgages and other loans as their life moves forward.

While there is no good way to avoid racking up all of this debt, the debt consolidation loan is one of the best ways to start to take control of the monthly payments that will continue to show up. Taking this step is one of the best ways a person can gain enough control of their finances, and that they can actually make plans to pay off the loan and find a way to be free of the burden of these loans.

Pros and cons of a weight loss pills

Sue BeckumIf you are reading this, you probably have come to the decision that you need to lose some weight and that you need some help besides the traditional work out to achieve your weight loss goals. weight reduction plan diet pill can do the trick for you. However, the trick is that you will have to choose the correct diet weight reduction plans pills to use.

Check for their rating online

You probably are telling yourself that you are the only one having a weight problem. Well, guess what, you are not . There are many others seeking to lose weight . As a matter of fact, there are others who have in the past embarked on a weight loss regimen and emerged successful.

That said, before you settle on hcg diet, you should go online and look at the reviews that it has gotten from its previous users. You will want the dietary weight reduction plans capsules to have lots of positive reviews than negative ones. Those that have low ratings and reviews should be avoided like the plague.

Consider the pros and cons of a weight loss pills

All dietary weight reduction plans medicine, regardless of how great they may be portrayed to be have both negatives and positives. Take your time to research and unearth all the facts and details pertaining the pill. Most especially, endeavor to discover the side effects (if any) of the diets pills before you start using it. You wouldn’t want to start on a diet whose chances of harming you are higher than those of helping you with your weight loss goal.

Compare the costs

If you decide to use garcinia to shed off the excess weight, you should be ready to spend some money . However, the weight-loss pills do not all come with the same price tag. There are those that are pricier than others. Now, while you might be tempted to go with the lowest priced diet capsules, you should also put into consideration the quality, which is by far the most important . Some of the best diets medicine, as you will soon realize are the most expensive in the market, and rightly so.

Before you start on any diet weight reduction plans capsules be sure to consult a doctor and get professional help and determine if you have any underlying health issues that might cause you complications if you use any of the diets capsule available.

Control your debts

Sue BeckumIf you’re like most Canadians, you have one form of credit card debt or another. Canadians are generally responsible borrowers and are invested in paying back their loans. Unfortunately, anyone can also fall behind in paying back their debtors. Loss of employment, medical illness or other emergencies can lead you to fall behind in your payments credit card relief an help, regardless of your best intentions.

Having unpaid credit card debt on your credit file can be detrimental for several reasons loans can help. One, it can seriously affect your credit rating, making it much more difficult to obtain a debt relief loan or any form of credit in the future. Two, you may end up with creditors calling you daily credit relief can help, leaving you feeling backed into a corner. And finally, credit scores are often obtained by potential employers to gauge your employability debt relief can help. Your credit score is often seen as a measure of your responsibility, ability to manage money and conscientiousness.

Fortunately, you can manage your debt more efficiently with debt consolidation. With debt consolidation, you merge all of your debt into one single sum. The credit card relief company that provides you with the credit card consolidation loan pays all of your debt, leaving you with just one debt left to pay. This is helpful to you because: it can help you keep an intact credit score and get debtors to stop calling your home, your work, even when you don’t want to take any calls.

There are dozens of credit relief agencies in Canada. Doing your research on each of them and reading any possible reviews online is advisable. Unfortunately, not every debt relief company may fit your specific needs.

The advantages of debt consolidation programs

Ben FranklandDebt consolidation is a financial strategy used when one takes a new loan to clear debts, usually at an interest rate that is lower than that of the loans or any other debts currently held. The strategy is usually considered viable by people who have huge debts.

The procedure involves taking out a new loan and using the proceeds from the new loan to clear off all debts. While it may have drawbacks, the method also has a number of valuable benefits including the following:

Single debt repayment

Under the debt consolidation program, all debts are consolidated into a single debt. The debtor only makes a single debt payment to the consolidating company, which divides the payments to every single creditor. The debtor doesn’t have to pay each creditor separately at different interest rates.

Improved credit score

Credit score is normally affected by late submission of payments or total failure to pay as required. With the consolidation program, however, the credit score begins improving as soon as the payment begins. Upon full payment of the debt, the consolidation company negotiates on behalf of the client, to ensure a favorable credit history.

Free advice and counseling on financial issues

For clients who enroll for the debt payment program, free counseling and advice is offered by the company. Debt consultants offer advice on financial plans, tips, and analysis of the options available for achieving financial freedom.

Protection from harassment by creditors

Customers who enter into contracts with the debt consolidation companies do enjoy protection from harassment by their creditors. Under the power of an attorney, the transactions are negotiated on behalf of the debtors and the creditor has no direct link with the debtor.

Lower interest rates

Debt consolidation loans are usually offered at interest rates which are lower than that of the debt for which consolidation is to be made. Companies negotiate the interest rates with the creditors and restructure the payment terms to make payment affordable, flexible and manageable.

Reduction of penalties

Within the program, penalty for default or late payment of debt is usually eliminated or reduced to a minimum. Interest accrual is also kept to a minimum level.

Faster relief from debt

The loan can be secured within a matter of hours or just a few months if well executed. This makes the debt payment process faster as compared to other conventional loans that may require accumulation of a lump sum of money or many years of payment in installments.

No special skills are required

In as much as professional negotiators act on behalf of the customer, a clear understanding of the entire transaction and credit procedure makes the process manageable if one wishes to manage it alone. Other debt payment programs such as filing of a bankruptcy request in a court of law may be complex and beyond self-execution.

Flexible terms and conditions

The program has friendly, flexible terms and conditions that enable customers to go as far as extending the period of payment to enable the payment of relatively lower installments.

With all the benefits that debt consolidation offers, it could be the most viable solution out of a debt crisis for an individual. A thorough investigation should, however, be conducted to understand any negative consequences of the program before settling for it as a solution for debt relief.