UPDATE: MoneyBrilliant has two plans – one free with limited functionality and one that is $10/month. Personally, I can managed my own finances with a spreadsheet and save the $120 – but some people might find that good value!
After months of being frustrated with Personal Capital being limited to the US, I found the Australian answer for tracking all your investments, spending and bank balances – MoneyBrilliant!
It allows you to link all your accounts from regular banks, credit cards, superannuation funds and managed funds to the app using Yodlee (bank level security application). With this info, the app compiles and categorises all your income and spending transactions, providing you with both a broad overview of spending habits and detailed information about specific categories of spending. This is great for tracking where your cash is going. Along with general spending, changes to investments are tracked and compiled into an overview of your net worth.
You can also set up budgets and financial goals and track your achievement of this. I’ve only just started using it, but by automatically compiling and calculating my financial data, it will save me heaps of time and give me real-time info about how well I’m going towards achieving my goals.
Here is what you’ll see on the dashboard when you log in. You can add additional features, and up in the top right hand corner you can see drop down menus to do more in-depth analysis and planning.
A little down the track I’ll update this based on more thorough usage. Check it out for yourself and let me know what you think!