A Website that May Help You Grow Your Savings

I recently read about a SUBSCRIPTION service that uses 'proprietary analytics and behavioral research' to help folks grow their savings.

There are services recently popping up that are using unique software to provide online assitence to you about your money. They are meant to help you learn about your money without being able to give YOU your own unique financial plan.

Many of these programs rely on income for their own businesses from advertizers. Large banks and other institutions who cross sell their products, be it mortgages, credit cards, cd's, etc., to the folks using the free site.

HelloWallet is slightly different in that it charges an monthly subscription fee of $8.95 a month is a means to connect you and your money in the every day of spending and budgeting. HelloWallet focuses on cash flow

For those in the audience who have this financial segment under control, you might consider this kind of tool for the college students and twenty-somethings in your life who won't necessarily listen to your sage and learned advice. The system attempts to one professional magazine, 'encourage savings' and has an iPhone app with an Android version coming out soon.

The things that make it a help to folks is that is creates a picture of what your savings will be in ten years, for instance, if you keep on this track. If you save $100 a month at age thirty and think you'll retire a millionaire at 55, this gently taking you though method will make the reality graphic. The categories covered for subscribers are tools to help you be knowledgable about increasing savings, a get out debt tool and "individual advice' on the state of your net worth.

If you, or someone you love, wants to feel more engaged with their money this tool might help.

HelloWallet.com

Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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