“I like being able to see all my accounts at a glance,” says Fernando Barajas, 46, a Mexico City computer networking and web-hosting consultant. With his computer or smartphone, he can track expenses, review his budget and balance his checkbook.
The sites are free, though some may charge for premium services. And while all sites deliver the same basic functionality, they vary in their approaches, offerings and set-up times, depending on the number of accounts and budgets you want to track. Try test-driving a few to determine which best fits your money management style.
To connect securely to your financial institutions, sites ask you to provide your online banking user names and passwords. To enhance security —
- Make sure your virus protection and anti-spyware programs are up to date.
- Regularly scan your system.
- Avoid using Wi-FI connections to access financial data.
- Change passwords frequently.
Still, there’s no such thing as zero risk. If you’re in doubt after reading the site’s security information, don’t sign up.