Wednesday, September 21, 2005

YODLEE!!

Okay I feel slightly retarded for not discovering this earlier but while surfing on some other financial blogs, specifically mymoneyblog.com I came across some info on this FABULOUS program called Yodlee. Here's the scoop from his blog:

"My favorite tool for this is
Yodlee OnCenter. It is a site that aggregates all of your logins and passwords for different accounts, such as bank accounts, brokerage, 401ks, loans, and credit cards. It even keeps up with all your frequent flyer miles and various other points. It can tally up all your assets, subtract all your liabilities, and show you your net worth on a daily basis. Try it out, it's well organized, free, and I use it every day!

Alternatives to Yodlee include Microsoft Money and Intuit Quicken, but those cost money, and Yodlee is free and you can log in anywhere. Also, for some reason Bank of America charges to sync with Quicken, so I dropped it after a short trial. For the rightfully paranoid, Yodlee is probably a target for hackers trying to get at all those passwords. But since I log in just about every day to keep track of my many accounts, any sort of unauthorized withdrawal will be noticed immediately. And I figure it's just as likely that someone will hack into my bank's website as Yodlee's, so at least this way I can nip it in the bud."

I signed up and am very excited about the tracking and financial snapshot capabilities of this program. I am a bit bummed that our mortgage company and student loan holders are not listed on the site so it does not give us a 100% accurate financial picture but it's a start and captures things that I don't log into on a regular basis (reward accounts).

3 comments:

MissEm said...

I love Yodlee too! There's a great post about it online here. I hope you like the service!

dealdigger said...
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Jordan said...

Yodlee has a set of forums set up at:
http://forum.yodlee.com/

There you can make comments about data issues (and they will fix their agents) or you can post site suggestions for support and it makes it onto their list to prioritize getting an agent developed.