Are you still using paper bank statements and Excel to manage your money, or do you trust a Web site to help you out? Amid the big slump, many people are turning to the Web, as I wrote in an article on Saturday. Disillusioned by banks and the stock market, they are logging on to sites that pull together their financial data from across the Web, help them create budgets and offer a community where they can talk about their finances with others.
Here is a roundup of several of the dozens of new personal finance sites:
Mint: Give Mint the log-in information for your bank, credit card and brokerage accounts, and each night it pulls in your data and arranges it in charts to show you how much you are worth and where you spend your money. Users can text “Balance” to MYMINT to get their account balances on their cell phones, or download the brand new iPhone application.
