It's tough being a Canadian when it comes to the world of free personal finance tools. Many of the biggest offerings only support American bucks, leaving us Canucks with few options to count our loonies. But no worries, I've searched far and wide, O Canada, to find you five free money tools that tally toonies, track spending, and help you get out of debt, eh!
1. Mint
When Aaron Patzer, the founder of Mint, quietly announced in early July that "Mint.com now supports almost all major Canadian banks for aggregation," the internet went abuzz. Canadians have waited a long time for access to this free #1 online personal finance service, boasting over a million users. Acquired by Intuit -- the makers of Quicken -- in 2009, Mint now offers Canadian banking integration, easy budgeting, ways to track investments, and tools to reduce debt.
Mint is still rolling out changes for the Canadian market though. Patzer says, "It's not truly Canada ready -- no Toronto stock feeds, cheque is spelled check, and you might get 401k and 529 suggestions which apply only to the United States."
When I tried to use Mint, the online application still requested an American ZIP code, with no place to specify a Canadian postal code. Hopefully these final Canadian changes are coming soon. Before sharing your banking data with any online site or service, be sure to stay safe with these 7 Ways to bank online safely.
2. GnuCash
GnuCash has features that go beyond simple personal finance and budgeting -- it’s free accounting software. This popular open source application lets you track bank accounts, investments, income, and expenses in a way similar to a classic chequebook register. Multiple currencies are supported and currency movements between accounts are fully balanced when double entry accounting is enabled. If you're concerned about sharing your banking information online, downloading a personal finance tool like GnuCash straight to your desktop may help you keep your data safe.