Simple Tool for Understanding Your Finances

Image courtesy of

Image courtesy of

In high school, I can’t recall ever taking a personal finances class. There was science, math, keyboarding, health, gym… but somehow, nothing about money. In college, I took accounting and macroeconomics my freshman year, but I can’t say I look back on those months fondly whatsoever. Still, no personal finances education.

I’m not alone when I say there have been moments when I’ve felt underprepared to handle situation involving school loans, budgeting or credit cards. Alexa von Tobel, chief executive and founder of LearnVest, saw this need and created an online tool to offer some guidance. is a personal finance site aimed at helping women get a better grasp on their finances. A little over a month ago, a friend tweeted about this helpful little tool, and I’ve been using it ever since.

Go ahead and take a look at the site. Chances are, you’ll be pleased when you see the bright colors and overall appealing design. The budgeting tool is very simple but can help anyone get a better grasp on where her money is going. It shows your income after tax and retirement contributions, allows you to enter all your expenses and then creates an advice list of areas that could use some improvement.

I am not a fan of many e-mail newsletters and frequently unsubscribe to ones that are not living up to my expectations. LearnVest Daily, however, is still finding its way to my inbox, with a variety of articles such as “7 Rules to Improve Your Credit Score,” “The Dow Jones is Up… So What?” and “Wallet-Friendly Winter Skin.”

Users also have the option to create an action plan and customize the LearnVest experience with appropriate articles, checklists, tools and calculators.

The site also offers free personal finance boot camps, but I haven’t committed myself to participating just yet. However, from what I have experienced, I’m pleased overall. The site is simple, straightforward and speaks to me in a language that doesn’t leave me scared and overwhelmed.

I’ve recommended this to a number of my friends – including men who are in need of a little budget breakdown – and I can say we’ve all enjoy the succinct, honest information.

February 8, 2011 · Posted by in misc, web  


One Response to “Simple Tool for Understanding Your Finances”

  1. [...] This post was mentioned on Twitter by Z2 Marketing, Olivia Johnson. Olivia Johnson said: RT @z2marketing: Neat little online tool to help you better understand your finances, whether its budgeting or investing! [...]