Make a Personal Budget

Planning your finances without a budget is like trying to make a map without a compass. You need to make a plan. Without a good personal budget plan you're practically inviting unnecessary debt into your life, and making it impossible to save. Effective budgeting starts with knowing where your stand financially and evaluating your current spending habits. moneyStrands can help you to figure out where your money is supposed to go so you can control your spending accordingly. It tracks your spending daily and updates your budget accordingly so we spare you the chore and make budget planning easy and fun.

Organize all financial accounts in one place

You cannot create effective personal budget plan without knowing exactly how much cash do you have. You need to get a clear picture of all your checking, savings and credit card accounts in one place. moneyStrands connects to more than 8,000 financial institutions and pulls this data for you quickly and automatically.

See where you spent

Next step of making a budget plan should start with evaluating your current spending habits. moneyStrands automatically sorts and graphs your monthly spending into helpful categories and lets you hone in on the discretionary spending items to control future expenses by cutting down where you best can. Making a personal budget is only the first step but budgets are no good unless you know how to manage your future spending and set up budget.

Set up spending goals

We recommend to set a budget for discretionary expenses like restaurants or shopping first, so you can start to get a handle on your problem areas. Try to cut back 15% or less to make sure that you have a realistic goal so you can stick with it. Personal budget planning is all about saving from your monthly expenses.

Stay on top of your budget anytime and anywhere

moneyStrands tracks your spending daily and updates your personal budget accordingly so we spare you the chore. Our personal budget feature tracks your progress automatically and controls your future spending by sending you automated alerts via email or SMS when you approach your budget limit goals.

Know how and where to save

moneyStrands helps you to save money with bias free recommendations and budgeting tips which are tailored to your unique spending habits.

What is moneyStrands?

moneyStrands is a FREE and easy-to-use personal financial assistant for busy people who want more control over their financial lives. It automatically gathers data for all the financial accounts you want to track, including savings, checking, and credit cards, to give you an up-to-date, accurate, unified view of your finances. moneyStrands goes beyond providing financial analysis tools by also providing personalized money-saving advice and recommendations, and lets you compare yourself with people who share your background and financial goals. In addition to automated bank feeds, moneyStrands recently added the capability to manually upload your transaction history files (and even to type them in one at a time) delivering the highest flexibility in handling your financial needs.