Archive for: personal finance tool

Money Dashboard: Free Personal Finance Software for UK Market

For a long time now I have been really wanting Mint.com and their personal finance application to get setup within the UK. Unfortunately Mint was acquired last month by Intuit and it doesnt look like I will be getting Mint in the UK any time soon.

There are a couple sites who are looking to become the Mint of the UK, Kublax and Money Dashboard. Money Dashboard is the newest startup which is in Alpha testing and today they have announced they have secured £1 million in funding. These are from the public and private sector and include Par Syndicate, Money Dashboard’s management team and a number of other individuals.

Money Dashboard’s board is quite heavyweight, made up of some of Scotland’s successful businessmen, including chairman Stuart Sinclair, former CEO of Tesco Personal Finance and GE Capital in the UK and China and David Robinson, founder and former CEO of Bright Grey.

It is good to see that Money Dashboard has entered the market and that they have solid backing behind them. However, I was hoping to see a lot more information on their site, plus their site doesnt seem to portray top level security for some reason. Im really looking forward to seeing how they develop in the future.

Green Sherpa: Personal Finance Tool with Projected Cash Flow Feature

Personal finance tools are currently very popular, especially with the rise of Mint in the USA lately. Green Sherpa is another such personal finance tool that has just been released.

Green Sherpa features include:

• Uses a check-register format to track your transactions.
• Automatically categorizes your spending.
• Allows users to edit transactions and categories as needed.
• Supports split transactions and bank reconciliation.
• Allows users to set and track financial goals.

The key feature that other sites liked about Green Sherpa was its ability to project cash flows.

With Green Sherpa, budgets are a thing of the past, literally. Budgets only represent an AVERAGE, or IDEAL, month. In reality, cash flow is more fluid than that. Green Sherpa’s Cash Flow Projection feature allows you to create a forecast of future cash flow based not only on your historical spending but, more importantly, on your future PROJECTED expenses and income. This feature lets you enter one-time anticipated expenses, or create more complex structures such as bi-weekly or bi-monthly schedules.

Green Sherpa however works on a subscription model rather than a free model like most of its competitors. Green Sherpa has a 14 day trial and then $7.95 per month ($5.95 per month if you sign up for a year at a time).