Aggregate all your account information in one place
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Ever since I’ve been using Yodlee’s Moneycenter, I haven’t been able to get enough of it. I never imagined that I could have all my accounts, and investments from various companies in one place
Lots of you will be quick to point out that services like Money and Quicken have been doing just that. But there are three major differences here. First of all, Yodlee is online. So no hang ups about backups, and your information is available to you anywhere in the world, with just a simple internet connection.
Second, Yodlee actually accesses your accounts with your Banking UserName and Passwords, and updates your account with the latest transactions, and your investments, with the latest prices.
Finally, it’s free - A deal by any standards for cheapskates like me, who accumulate wealth by simply not spending it! It’s free, and it does a better job than most commercial software.
I admit that the name is against it though. I mean who would take a name like ‘Yodlee’ seriously? But the truth is, that several banking corporations including the Bank of America, use Yodlee’s technology to provide several of their own servcies.
My guess is that if Yodlee’s data is compromised, then all the banking information in the world is at risk anyway, and my own personal misfortune is going to be the last thing on the thief’s mind.
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June 2nd, 2008 at 9:32 pm
[...] of you who have been following this column know that I recommend the use of Yodlee to track your finances. And they’re improving all the time. As you explore around, you come to see more and more of [...]