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Yodlee: Best Free Personal Finance Software For Everyone

written by: Karen Worthy•edited by: Jason C. Chavis•updated: 6/29/2011

If you are tired of managing your money through ten different websites and never really seeing the big picture, then Yodlee is for you. This website,, is free to use and will help you gain control of your finances.

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    Overall Ease of Use

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    One of the best things about Yodlee's free personal finance software is that it is extremely easy to use. Within a couple minutes, you can have your account set up and be managing your money online for free. Additionally, it only takes a couple of clicks to be able to link accounts and have Yodlee track your finances for you. If you are paying off credit cards or trying to elmiinate your debt, then this is the easiest way to track your debt with only a few simple clicks.

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    Tracking Bills

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    Knowing which bills are due and how much you need to pay has never been easier than with Yodlee's bill tracking service. This free personal finance software program will allow you to receive all of your bills in one location and even pay them online as well. Additionally, it will show you the due date, minimum amount due, and the total amount due.

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    Managing Passwords

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    Do you have a hard time managing multiple passwords? If so, then Yodlee can help. After entering your passwords the first time into their personal finance software, you will be able to automatically log in to different companies' websites through Yodlee. For example, if you want to access your online credit card statement, all you need to do is click the link in Yodlee and it will automatically log you in.

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    Calculating Net Worth

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    If you were ever curious what your actual net worth is, Yodlee's free personal finance software can help you calculate it. You can add all of your accounts and loans to Yodlee, including credit cards, mortgages, car loans, student loans, checking accounts, and more. Then, it will calculate how much you have in investments vs what you have for debt and provide you with a net worth amount.

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    Tracking Purchases

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    Tracking your purchases and comparing them against your budget is easy with Yodlee's finance tracker. You can categorize each purchase that was made on different accounts and credit cards. Then, you will be able to truly see where all of your money is going each month, and use that data to update your budget. Although this is a great feature, it will take some time to input each category for each purchase.

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    Automatic Alerts

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    It is easy to forget to pay bills on time and making late payments will hurt your credit score. That's why Yodlee's system for automatic alerts will help you remember to make payments in a timely manner. However, in addition to payment alerts, Yodlee can send you an alert when certain activity happens in your account. For example, you can receive alerts whenever your balance exceeds a certain amount or whenever a large purchase is made. This will help you prevent fraud and reduce your liability risk.