I t’s the time of year when taxes weigh heavily on the mind for so many of us. Not only is the federal income tax filing deadline today, it is also traditionally about when Florida’s Tax Freedom Day falls. Last year, the average Floridian worked until April 5 to pay all federal, state and local taxes for the year. That’s about middle of the pack compared with other states. Alaskans get there fastest (March 26). They take the longest in Connecticut (April 27). So just how does Florida stack up when it comes to paying state taxes? Take a look. You might be surprised.

(All numbers per capita for fiscal year 2009, unless otherwise noted.)

The big picture

State tax collections

1. Alaska: $7,145

44. Florida: $1,729

50. South Carolina: $1,577

U.S. a …

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In the current economic downturn, people are realizing that in order to cut costs and manage money it is imperative for them to know how much they spent on various items, what are their sources of income, all this, and more to figure out how to cut costs without greatly affecting one’s lifestyle. Managing money and measuring one’s finances is relatively easy, however, few people actually try to do so themselves. Are you one of them? Managing money will allow you to cut spending on unnecessary items and over a period of time will endow you with immense self-confidence to be able to meet financial goals.

At a macro level, paying taxes is one of the prime reason people track their finances, however that itself is just one of the reasons for you in managing money. At a micro level, few people track their finances, and even if they do so they finally cannot make long term decisions like budgets, tracking flow of cash, etc. Thus, while tracking is still possible, budgeting and effectively managing money needs more dedicated time and effort in order to get a grip on ones finances.

Financial tools both online and offline are considered alien by the general public, While most Indians track their income and expenses to manage money at some level, few actually venture beyond either their bank statements or their daily dairies, That is where tools like Onyem come in. Onyem is an attempt to make managing money online simpler, easier and in fact fun to use as well. Not only is it an easy money management tool, it also provides you with numerous opportunities to understand your spending and earning patterns.

Most Indians have multiple bank accounts; Unfortunately, few techniques used provide such people with a single point to view all their bank accounts to manage money, others prefer to maintain accounts in the paper form, which is liable to get misplaced, or even lost. Not to mention the complexity and the redundancy in maintaining accounts in a paper format. Onyem attempts to solve this problem by ensuring reliable data that can be updated and viewed from anywhere.

So are you ready to become a pro at managing money?

Onyem is a website for managing your personal finances in India.

Search for Onyem in google and visit the site to learn more

Article Source:http://www.articlesbase.com/personal-finance-articles/online-personal-finance-tools-the-easy-way-for-managing-money-1332713.html