Free Financial Planning Tools & Resources

Hello readers. Do you know one ultimate truth? Managing your own finances can yield significant rewards. Have you heard this before? Of course you have. But how are you doing this? Maybe by following what other people are doing, that can be effective or not. So, how can you improve, or rather, accentuate, your planning? By simply using available financial tools and resources.

There are several free resources that can assist one in budgeting, tracking expenditures, controlling investments, defining financial targets, and monitoring progress on them. Whether you use artificial intelligence-based chatbots or traditional paper-based workbooks, you will certainly find some helpful tool that doesn’t cost you anything. It allows you to manage your funds wisely as well as establish a financially firm foundation.

Therefore, today we will discuss some of the financial planning tools and talk about available resources that can help you better your budget plan.

Goodbudget

Have you ever tried managing your spending by keeping cash in envelopes? Goodbudget brings that old-school method into the digital age. It’s as if one has an electronic pouch on the phone! You decide how much you want to spend on groceries, entertainment, or whatever else, and the app helps you stick to it. The interesting part is that one can share these “envelopes” with their partners or family. So if you’re trying to save up for a vacation together, everyone can see how it’s going. It’s great for people who want to get a hand on where their money’s going without feeling too restricted.

Piggy – Mutual Funds App

Considering investing but don’t know where to start? Piggy might be just what you need. It’s like having a friendly financial advisor in your pocket, but for mutual funds. The app shows you different funds, explains what they’re about, and even suggests ones that might suit you. My favourite part? The “Piggy Bank” feature. It’s like a digital coin jar – you can set it up to invest small amounts regularly. Before you know it, those little bits add up!

Fisdom

Fisdom is like a one-stop-shop for all things money. Be it stocks, bonds, or digital gold, this app has got you covered. Investing is not all that matters here. What you want to achieve with your money determines the kind of personal advice that Fisdom gives to clients. You’ll love how they go ahead and help with taxation questions. The robo-advisory system is their coolest feature. It is like your own robot financial budget planner who makes a mix of investments specifically for you. No need to panic, as this is much less intimidating compared to what it may appear like.

Money Lover

If you’ve ever thought, “Where did all my money go?” Money Lover is here to help. This app is a friendly accountant that lives in your phone. It keeps track of what you’re spending and helps you set up budgets that actually work for you. If you travel a lot, you’ll love that it handles different currencies. And here’s a trick – you can click a picture of your receipt, and the app will figure out what category it belongs to. No more typing everything in! It even reminds you when bills are due, so you don’t get hit with those annoying late fees.

Moneycontrol

Moneycontrol is like the Swiss Army knife of finance apps. It’s packed with tools, but don’t let that scare you off! At its heart, it’s great for keeping an eye on the stock market and your investments. But it does so much more. Need to figure out a loan? Compare different options? Or maybe you’re trying to save on taxes? Moneycontrol has all this for your help. One really cool feature is the “Stock SIP”. It’s like a piggy bank for stocks – you put in a little bit regularly, and over time, it could grow into something big. It’s a great way to start investing without risking too much at once.

ET Money

ET Money seems to be a personal and financial friend for life. If you are interested in investing in mutual funds go for it. They have many options for insurance, too and can also help you sort your loan issues. The app is super easy to use, and there are no servicing charges for mutual funds. They have a feature called “Smart Deposit.” It is more or less like an account, but with steroids—your cash grows much faster than in any ordinary bank but still remains accessible whenever required. And during tax time, they provide complete guidelines on how to save money. It’s like having a financial situation depending on your side.

Splitwise

Ever been on a trip with friends and tried to figure out who owes what at the end? Splitwise makes that headache disappear. It’s like having a math whiz friend who’s really good at splitting bills fairly. You can create groups for different situations – maybe one for your roommates, another for that upcoming vacation. Just pop in what you spent, and Splitwise figures out who owes what. The best part? It works with different currencies, so it’s perfect for international trips. And when it’s time to settle up, it can connect with payment apps to make it easy. No more awkward “You owe me” conversations!

Axio

Axio is like a friendly financial matchmaker. Looking for a credit card? A loan? Or maybe some insurance? Axio helps you find the best fit. It’s like having a personal shopper, but for financial products. You tell it what you need, and it shows you options that might work for you. One of the coolest things about Axio is that you can check your credit score for free. It’s like a report card for your finances, and Axio even gives you tips on how to improve it. And here’s a time-saver – for many products, you can apply right through the app. No need to visit a bank or fill out endless paper forms. It’s financial shopping made easy.

A Few Financial Planning Calculator for Your Help

MyITreturn: One can say that it is a very good tax tool. It provides a range of tools, including an income tax calculator, HRA calculator, and more.

Income Tax Calculator by Economic Times: This tool is easy to use and provides a fast estimate of your income tax.

Taxmann’s Income Tax Calculator: One can always trust Taxmann because it represents an easily approachable source of information for all tax-related issues; moreover, it has a complete and reliable calculator.

Quicko Tax Calculator: A tax calculator from Quicko is built for Indian taxpayers and includes a number of income sources along with their deductions.

Income Tax Calculator by SBI: Though very simple, the State Bank of India provides a calculator to guess potential tax dues.

Income Tax Calculator by MoneyControl: The MoneyControl calculator emphasizes ease of use, allowing one to understand where each cent they pay in taxes goes.

ClearTax: The ClearTax platform is furnished with many tax calculators, such as those for HRA, salary, and income tax. The thing that amazes many is how simple it is to use.

Income Tax Calculator by Tax2Win: For most people who live in India, Tax2Win’s Income Tax Calculator has become an essential tool used during income assessment. At a glance, this online tool shows different types of exemptions/deductions provided in the Indian tax law.

HRBlock India Tax Calculator: With the HRBlock income calculator app, individuals can calculate their taxes accurately within a few minutes.

Investing.com Tax Calculator: It provides a tax calculator for calculating your total income, taking into account all possible sources of income as well as different allowances depending on the situation surrounding its users.

Financial Planning Resources You Might Want to Know

Financial planning calculators can help with money management, target setting, and future preparedness. To help with different parts of financial planning, here are some useful calculator resources:

Investment Calculators

• ELSS Calculator
• Lumpsum Calculator
• NPS Calculator (National Pension System)
• Inflation Calculator
• Mutual Fund Calculator
• STP Calculator (Systematic Transfer Plan)
• Post Office MIS Calculator (Monthly Income scheme)
• PPF Calculators

PPF Calculator (Public Provident Fund)

• Axis Bank PPF Calculator
• HDFC Bank PPF Calculator
• SBI Bank PPF Calculator
• ICICI Bank PPF Calculator

Loan Calculators

• EMI Calculator (Equated Monthly Instalment)
• Home Loan EMI Calculator
• Personal Loan EMI Calculator
• Car Loan EMI Calculator

FD Calculators

• FD Calculator (Fixed Deposit)
• Axis FD Calculator
• HDFC FD Calculator
• SBI FD Calculator
• ICICI FD Calculator

RD Calculators

• RD Calculator (Recurring Deposit)
• Axis RD Calculator
• HDFC RD Calculator
• SBI RD Calculator
• ICICI RD Calculator

SIP Calculators

• SIP Calculator (Systematic Investment Plan)
• Axis SIP Calculator
• HDFC SIP Calculator
• SBI SIP Calculator
• ICICI SIP Calculator

Popular Calculators

• Income Tax Calculator
• EPF Calculator (Employees’ Provident Fund)
• SSY Calculator (Sukanya Samriddhi Yojana)

Investment Tracking Platforms

Today, almost everyone is into investing, and if you want to know some of the best investment tracking platforms, then check out the list below.

• Paytm Money
• CAMS or KARVY
• NSE NMF II
• Reliance Smart Money
• Groww
• Kuvera
• Angel Broking
• Zerodha
• Edelweiss
• ICICIDirect

Use the Tools in the Best Possible Way

All in all, we can confirm that using these financial planning Software will definitely enhance your planning. Now the chances of mistakes are less, and your confidence is also increased, as this will help you better analyse your money. You may have access to these instruments, either alone or in combination, to improve your financial clarity and precision. This will greatly help you make wise decisions concerning money management. Henceforth, attaining your financial aspirations will become much easier than before.