Free online money management software: moneyStrands | Richer Daddy

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Free online money management software: moneyStrands

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The newest ways to manage your money don’t require expensive software. They are web-based—you can log into them anywhere—even on your phone. And, best of all, there are many free options to help keep your budget in check.

One of them is moneyStrands ( is easy to use. You enter your account information and moneyStrands breaks every expense and deposit in each of your accounts into different categories (home, insurance, auto, shopping, groceries, etc).

Clicking on the details tab allows you to see your account broken up in a color-coded pie chart. Each “pie piece” is a different category and you can easily change the time period you are looking at (anywhere from the current month to “ever”).  If you feel that you are spending too much in one category you can set up budgets and have track your progress. You can also schedule alerts—no more overdraft surprises!

But what makes really stand out is the ability to anonymously compare your investing and spending habits to other people within your demographic, or with similar traits.

Answer a few easy questions and the program compares your income and spending habits with relevant sub-groups (e.g. students) within the community to see how your expenses match your peers. uses social recommendation technology to help you find the best ways to invest and save money and to recommend things for you to buy. You can view your comparisons by category in either a bar graph or bubble chart. offers a variety of widgets that you can activate, including: recommend financial products, tips, favorites and what to buy.  Another neat widget is the “financial condition” widget.

It’s an easy-to-read graphical representation of your financial situation. If you hover over the graphic it offers an explanation: “Your financial condition is excellent when your average monthly expenses amount to less than 30% of your monthly income.”

Web-based means immediate access to all of your accounts: bank, credit cards, and investing accounts. You can log in at home, at work, or anywhere you have Internet access. moneyStrands promises that their site is just as secure at any other banking or investment site.

Their website promises that security is a top priority. is free. They also offer a free mobile app for the iPhone.

See more here:
Free online money management software: moneyStrands

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