Top 10 Free Financial Tools You Can Use

Financial literacy is knowing how to use your financial knowledge by investing, budgeting, and financial management. Financial literacy is a key factor in staying on top of inflation and economic changes. 

Financial literacy grows in many categories: budgeting, getting out of debt, setting financial goals, and setting a retirement plan. With more information, goals will be met, and better communication with family or friends with whom to share financial information with.

Here are the top 10 Free Financial Tools You Can Use.


Every Dollar

Every Dollar, an app by money expert Dave Ramsey, helps you track income and expenses and make plans for purchases. It uses a method called zero-based budgeting, where every dollar is accounted for, and expenses equal your income. In the free version of the app, you must manually enter transactions when you spend money, or you can sign up for a paid version that automatically syncs to your accounts.


Mint is a budgeting app that connects all your accounts, from checking and savings to retirement accounts and so on. It provides an overview of your financial picture, allows you to create a budget and will send you reminders for bills coming due or increases in bill amounts.

Savology Financial Planning Tool

Savology believes that in order to meet financial goals, you need a financial plan, and they make it easy to build one with their simple tool. You create a personal “roadmap” that assigns you specific action items to reach your goals. There are free and paid versions of the app.

Credit Karma

In order to become financially independent and meet your financial goals in the near and long term, you need to know your credit score and all the information on it. Credit Karma makes it free and easy for you to access this information now and if you make changes to it.


Yet another free budgeting app, Pocketguard connects your accounts and finds any recurring bills and income. It allows you to view how much money you can spend every day by subtracting future bills, savings goal contributions and any pre-budgeted money. It also categorizes your expenses, with customizable categories and limits.

Free Budget Spreadsheet

If an app-based budgeting plan isn’t right for you, offers a free Excel spreadsheet template that makes budgeting simple, clear and easy to print for sharing.

Personal Capital

Beyond budgeting and bill paying, the next level of financial literacy is investing. When you’re in the financial place to think about investing, Personal Capital, a digital wealth management company, can help you analyze and plan.

360 Degrees of Financial Literacy

The organization of the American Institute of CPAs (certified public accountants) helps people prepare for future financial goals through its website by asking you to select your top three life goals. It then creates a checklist of actions that you can take right away to reach these goals and a checklist of things to do in the next year.

The Financial Diet

The Financial Diet is a resource that offers articles that will teach you about almost any money issue you can think up. The founder states, “Our mission is to fundamentally change and improve the way we talk about money, to take it from something shameful or intimidating into something we can all feel confident about.”

Salt(For Students with Loans)

College is often the first time most young people are dealing with their finances on their own, and this includes managing student loans. SALT is a money-management and financial literacy tool created by American Student Assistance, specifically to help students pay back their loans while also learning other important financial life skills.

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