By Jeremy Walter – Bare Financial Services

The famous saying goes “A carpenter is as only good as his tools.”  I’m not sure I buy into this completely, but I see where the originator was going with it.  As we handle our finances, we stand a much better chance of success if we equip ourselves with various tools to help us meet our goals, whatever they may be.

Below, I’ve compliled a list of 10 financial tools for better finance management.  This is in no way exhaustive, but is a great start to filling your own toolbox with what you need.

1. Quicken™ – a cash flow tracking software program
2. mVelopes – a program designed by Crown Financial that utilizes the cash envelope system online
3. Auto-contributions – setup your IRA or saving accounts for automatic withdrawals
4. Automated extra payment – talk to your mortgage company about setting up an extra monthly amount towards your principle
5. Receipts – keep and use to more accurately track your spending
6. JoesGoals.com – simple way to track daily goals, such as reducing spending
7. A budget – you won’t win at finance until you become the one telling your money where to go
8. A family “financial constitution” – specifically states how finances will be managed in the household
9. Multiple savings accounts – allows you to separate and save for irregular expenses.  ING Direct is a great specific tool for this.
10. A net worth statement – updated at least once per six months, this is one way to keep financial score

Another great tool is the right professional for your needs – be it a financial planner, a realtor, insurance agent, accountant, or attorney.  Surround yourself with team players who are committed, just like your tools, to your financial well being.