The Personal Finance Management War – the best of online tools on the market

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Over the last two years, with the recent craze of recession and downturns, we’ve watched business owners taking a turn to become more financially savvy and responsible, which has led to the creation of many online management and online budgeting tools.

In the last 20 years of owning and operating a business, having been through a divorce and health crisis, I’ve learned that it’s not really about HOW MUCH money you’re making, but HOW YOU MANAGE, spend, save and invest your money. I recently contacted the Mother of Cash Flow (in my opinion) Erin Lozano of  to interview in an upcoming series to improve the Financial IQ of women – Independently Wealthy Women.

“What is Green Sherpa?”

Green Sherpa is a web-based cash flow management and budgeting solution that helps people make better financial decisions about how to save and where they spend their income. Green Sherpa offers a unique alternative to existing financial management software, making financial organizing and planning more convenient than ever before. Users can view in one place all of their financial accounts—banking, credit card, and asset accounts—from any computer, anywhere, allowing users to see their total net worth at a glance.

I was upfront with Erin and asked, “What makes your personal financial management program better than the freebies like Mint.com?” During my investigation, here’s what I found…

Our Financial Future is the Most Important:

Like most other personal financial management products, Mint focuses on financial history. But our most pressing concern is our financial FUTURE – history is secondary! And it’s the next 12 months that we are most focused on the most. GreenSherpa is the only product that offers real-time management of your financial future and goals, with the flexibility to adapt as your life changes.

Flexibility and Accuracy:

Mint.com users frequently complain that their financial information reported from their banking institutions is inaccurate or incomplete. Not so with GreenSherpa.

In addition, GreenSherpa provides far more flexibility in account management (you can add accounts that don’t sync) and categorization (you can add/edit/delete categories to your heart’s content). Green Sherpa is the ONLY personal financial management ones to offer cash flow management, a truly forward-looking solution for managing finances over the next 12 months. GreenSherpa is the only product to offer online collaboration with a spouse or trusted advisor, enabling busy    people to have the financial conversations that lead to sound    decisions and financial success.

The Mint.com just not as effective.  Users are not as loyal.

Mint, has signed up over 2 Million users in 2 years, validating the market space. However, 50% of their users signed up but never use the product!!  These users are leaving and coming to other personal management programs like GreenSherpa for great interaction.

If you’re looking for user flexibility, accuracy and easy tools for online budgeting that will meet your most pressing financial challenges, I think GreenSherpa takes the gold!  Plus, Erin’s offering a free 90-day trial so we can all check it out for ourselves!