I love the fresh start of a new year. This year I wanted to try to simplify my process of tracking and handling our finances. In the past I have used my own spreadsheets, which allow me to track down even the tiniest detail, but it was time-consuming to transfer every transaction from our checking account.
At the end of 2010, I came across Mint.com. It's an online program and it's FREE! I researched and learned that it comes with some amazing reviews. Time,PC Mag, and Money Magazine give it extremely high marks for security, functionality, and ease of use!
I decided to try it out and I LOVE it! Mint.com automatically transfers the transactions from my checking and savings accounts. You can also set it up to track your credit cards and other debt too. I can set up my own categories (or use theirs) and I can create my own budget (or let it suggest one based on your spending). There are also features that help you set goals (vacation, college savings, ect) and track your progress.
My favorite feature is splitting transactions. Let's say I get groceries but also pick up a gift card in the same transaction. With Mint.com, I can split that transaction so the appropriate amount gets allocated to the right category.
I also love that my account is managed online so I can access it from any computer at home or while I'm traveling. Mint.com also has an iPhone and Android app for access on the go. I've tried the Android app and it works perfectly!