Money Tools & Resources I Use

Tools on a desk

Here’s a list of money tools & resources that I use on a regular basis. I will be keeping this updated.

I thought it would be handy to list out all the products and services that help me in my financial life. These are apps, funds, banks and content that I through one way or another decided to use. 

If you would like to know why I use or my experience these money tools then reach out and get in touch

If you would like to know about how I invest, then have a look at my portfolio page. 

Budgeting tools & calculators

I use these every now and then when I want to know something like how much more I’ll take home when my salary changes, what happens if I am saving more or which ETF is best for my needs.

Make sure you see my guide on budgeting which these tools all complement.

Screenshot of budget graph

MoneySmart Budget Planner

It’ll ask you to input income and expenses, irrespective of if they are weekly monthly or yearly. Everything cost and expense needs to be put down so that it’ll give you a summary that you are in surplus or deficit. You can download as a spreadsheet to save and reference then at anytime.

Screenshot of pay calculator

Pay Calculator

This is a simple but necessary tool for getting an idea of what your take home pay will be after tax.

You can work out what that new job or pay increase will actually mean to your back pocket.

You can also adjust your super, tweak your hours worked should a number of different scenarios be required.

Screenshot of salary sacrifice calculator

Salary sacrifice calc

You can determine for example how an extra $100 a week into your super pre tax might end up costing you (it would be less that the pre tax amount).

money tools - compound investment calculator

Compound interest calculator

You put in a starting amount, a recurring investment (if any), a rate of return and time frame. It’ll then tell you the total savings you accumulated over that time.

A basic way to qualify if your savings rate, return or time frame is going to get you that goal you have in mind.

You can see the difference an extra $50 a month saved makes over 10 years or a change in % of return.

Screenshot of Vanguard compare ETF tool

Vanguard Fund Compare Tool

They also have a handy fund compare tool where you can select funds or ETFs and list their aspects out side by side including cost, risk and return over time.

Banking

Banking is one area I find people either totally neglect or try and optimise every single week. I feel comfortable with the picks I have found: no fees, tech savvy and versatile.

Ing banking app

Everyday banking – ING

Apart from having a great app, good savings rates and fast transfer turnarounds – ING has one unique feature. You get ATM fees reimbursed straight away from ANY atm in Australia.

No matter if it costs $2 or $25, you get your money back straight away. No other bank does this (some reimburse you at the end of the month).

money tools mortgage

Home loan – loans.com.au

I refinanced from ANZ to loans.com.au a few years ago. They process was all online and over the phone, simple and hassle free. I got a good rate, which is all that matters. There might be others that have interest rates .01% of .02% better, but I am happy to stay with a competitive business.

Investing

My favourite area, and one I’d have the most recommendations in. If you have some leftover money every month and are looking to grow it these tools can all help. These are in order of least effort to most.

investing app raiz

Raiz

I’ve been using Raiz since its early days (2016).

It helps you save and invest by collecting virtual spare change and buying stocks and bonds with it. For example you spend $3.50 on a coffee with a connected account – Raiz will take .50c and invest if for you.

You can also set up recurring transfers ($250 a month or so) and have that add to your portfolio.

There are different options depending on your risk tolerance, but it’s so simple you can set and forget. I use this to tuck away some money for our overseas holidays we have as a family every four years.

Join raiz through this link and we both get $5 when you invest.

stockspot investing

Stockspot

Ok, so I'm not actually a customer of Stockspot. I use their resources in two ways. 1) They have a tonne of information and research on ETFs as well as 2) I like to mimic their portfolio constructions.

I believe they have a great mix of assets in their portfolios, but they are a do it for my investment service and I like to do it myself so benefit from their information.

invest with Vanguard

Vanguard

This is where I started years ago.

Before apps, before ETFs, before the internet there was Vanguard.

This company started as a provider of managed index funds. These are now known as Traditional Index Funds.due to the fact you don’t need a broker account, can make small ongoing contributions and let the fund do the rest.

I opened an account with Vanguard, dropped in the minimum investment ($5k) and then each month added in more via a scheduled BPay.

Without anymore effort my account slowly grew, with the index fund investing in indexes that are diversified balanced and low maintenance.

selfwealth review

Selfwealth

If you are looking to make larger, irregular investments or need some trading flexibility then a broker account like Selfwealth would be the go. I use SelfWealth to invest in the ASX via ETFs or direct stock selections.

I’m not going to say this is more risky, but you are all on your own here. You need to make the calls as to what you add to your portfolio.

You will also pay fees for each trade. SelfWealth charge $9.50, so if your invest $1000, that is a .95% trading cost.

money tools - sharesight app

Sharesight

This is a fantastic product for investors of markets and equities.
It’ll show you real returns and chart the performance vs benchmarks if you wish. You can search any share or fund over a period of time to see how they really performed.

Books

Your best money tool is knowledge.You are lucky cause there are so many books out there on personal finance and investing .

I have a handful picked that I’d like to share. These are all fantastic reference guides that I keep on my bedside table for easy reach.

i-will-teach-you-to-be-rich-second-edition

I Will Teach You To Be Rich

by Ramit Sethi

A structured guide to rebuilding and maximising your money tools and systems - including how to use credit cards, automation and investing.

Happy Money: The Science of Smarter Spending

Happy Money: The New Science of Smarter Spending

by Elizabeth Dunn, Michael Norton

Things don’t make you happy; experiences do. And the memories you make keep you happy.

one page financial plan

The One-Page Financial Plan: A Simple Way to Be Smart About Your Money

by Carl Richards

If you are looking to map out your financial future, this is your reference.

barefoot investor book

The Barefoot Investor

by Scott Pape

This is the book for those who are completely new to the personal finance game. A good gift for those who aim to be better at money but still struggle.

Blogs & Forums

I like to read up on finance through one way or another. Either on social media, forums, news sites or blogs. I get a better perspective learning from how others think about money.

Obviously you would have read all my articles before needing to visit any other site. 

ramit sethi

Ramit Sethi

He authors iwt.com and has a fantastic site as well as Instagram and Twitter presence. A great influence on how I improved my money mindset and building a rich life.

whirlpool finance investing

Whirlpool Finance Forums

I love reading the different stories that get posted here. Most of it I take with a grain of salt but there are some great posts on investing, asset allocation, super and what not to do.

reddit ausfinance

reddit.com/r/AusFinance

A quick way to find articles users share on local finance news. Whether it be property or stock market, or how to construct a portfolio – it’s another good place to hear stories.

Anything I missed?

This is my own list of money tools and resources I use and like, so fair chance it won’t match anyone elses.

Let me know if there is something I missed out or your recommend.

Join my mailing list

Get notified about new articles, plus I’ll send you a copy of my Financial Maintenance Checklist.