Hey everyone, thanks for joining me for this week’s review. Today, we’re going to look at one of the most unique personal finance management tools out there. The tool is LearnVest. The biggest reason it’s unique is that it was designed to be custom tailored to women. The program is meant to teach women the concepts involved in better money management. Let’s see if this program stacks up as a viable option in today’s review!
LearnVest Short Review
LearnVest Pros: LearnVest offers an incredibly easy to use platform that makes it simple to find and manage everything you need. Another cool thing about LearnVest is that it allows you to attach all of your finance accounts ranging from credit cards to checking accounts, investment accounts, loans, credit cards, mortgages, and more! The program watches your spending and other aspects of your overall financial profile and gives suggestions that help you to take control of your finances! Oh yea, and it’s free!
There’s really not much bad to be said about LearnVest. The only thing I can come up with is they haven’t provided a way to track cash purchases. I don’t know about you, but I still have some of that green paper floating around from here to there. I think at some point for one of these financial management platforms to reign supreme, they’re going to need to offer a way to track cash purchases too. I’m sure a simple input system would be fine, but no one seems to be offering it.
Overall, LearnVest is an amazing program that I’d recommend to anyone that wants to take control of their finances. Although it was designed for women, I think it works perfect no matter what sex you are. Not to mention, it’s free. So, there’s no reason not to give it a shot.
LearnVest Long Review
Short reviews are never enough to get into any great detail on a product or service. That being said, thanks for sticking around for the long review. In true, Modest Money review fashion, let’s start off with the price. Ready? The price is free! That’s right, the service is absolutely, 100% FREE. LearnVest makes their money through advertisements so that they don’t have to charge you a dime in the process of helping you manage your money.
So, What Exactly Does LearnVest Do?
It’s actually better to ask what it doesn’t do when it comes to personal finance management. When you sign up for an account, you attach all of your debts, checking accounts, savings accounts, credit cards, etc… to your profile. Once everything is attached to your profile, LearnVest software will dig through and look for improvements in all areas of your financial profile. That may be cuts in spending or telling you which debts are best to pay off. Although many applications offer these types of services, I haven’t come across a more intuitive option. The system is very accurate!
Isn’t There Danger In Giving A Company Access To So Much Information?
Yes, it is dangerous to give access to all of your financial data to some companies. However, LearnVest isn’t just any company, they’re LearnVest. They have made a name for themselves in the personal finance industry by offering exceptional tools, awesome training, and top of the line security measures on your accounts. Although it may be dangerous to give your information to just anyone, they aren’t just anyone, they’re know for being a trustworthy, secure company.
Some Of My Favorite LearnVest Features
Categorizing Income and Purchases – If you’re a fan of the Monday Money series, you know that I’m a budget nut. Unlike most people, I actually love to sit down and crunch numbers to see where I can improve. However, using LearnVest makes it so you don’t have to. Once you attach your accounts, the program automatically categorizes everything for you. This way, you can go into the account once in a while and see where improvements in your budget can be made, since they’ve already done the work of separating and categorizing the purchases you’ve made.
Debt Advice – Debt can be overwhelming to say the least. Not knowing where to start, it may seem almost impossible to dig your way out of debt. However, LearnVest makes it simple. They show you opportunities to reduce overall interest paid by allocating funds to the right debts at the right times. And I’ve gotta say, their advice is spot on.
Education – This is the strongest point that LearnVest has going for them. They want to do a lot of things, but one more than anything else. Their ultimate goal is to educate their users on money management and how to save. Through various forms of education material, they teach everything from basic strategies to advanced strategies that revolve around saving money and living a more financially free lifestyle.
My Overall Thoughts Of LearnVest
LearnVest is an absolutely amazing company and I would tell all my friends and family to use it if asked. The bottom line is, it’s free, so you’ve got nothing to lose and everything to gain. LearnVest is more than a personal finance management software, they go beyond showing you what you can do with your finances. Their core goal is to teach you the fundamental aspects of living a financially free lifestyle, which I think is great! And you know what else? The do a great job at it!