LO $8-1$ S$8-2$ Researching Online Budget Tools

Numerous personal financial planning or budgeting tools are available on the Internet, many of them free. Choose at least two different

online budgeting sites and input information for a typical person of your age. $($Note: You may either create a fictitious profile or use your

own personal information. If you choose to use your personal data, be sure to read the sites' privacy policies.$)$

Required:

Use each tool to develop a monthly budget.

Compare and contrast the two online budgeting tools. Do you prefer aspects of one over the other? Are there things that you dislike?

Explain.

How helpful do you think such tools are in personal financial management? What are the pros and cons?