While not as fancy as some other financial applications, Doughhound.com is great for those who want an easy way to track their spending and work toward their financial goals.
I'm going to be honest. One of the main reasons that I haven't signed up for a money management site like Mint.com is that I don't really like the idea of providing bank account information, credit card accounts, and passwords to access all of this information. It's why I'm still using Quicken -- and I haven't done the whole online thing to connect it to my bank accounts.
Apparently, I'm not alone. Daniel Tobias and his wife felt much the same, and that led them to develop Doughhound.com. Here is what Tobias said in a press release about Doughhound:
With so much identity theft occurring, people are hesitant to put personal information on a third-party site. We wanted to create something that was a fool-proof way to protect users' privacy.
This is an interesting budgeting tool that allows you to track your spending, set money goals, and more. It's free, and it doesn't require you to input any personal financial information. This is something I like.
One of the things I enjoy is the ability to set goals for different budget categories. You can track how you are doing in terms of reaching your money goals. Doughhound also makes use of a tag system. This allows you to quickly find different transactions and to better organize your money. I also like that you can set up as many mini-budgets as you want. You can create a master budget, and then organize items into smaller budgets and goals, depending on what you want to accomplish.
It is important to note that Doughhound.com is a spending tracker, and not as complex as others. Indeed, you can't put in your income. This is a rather basic tool that helps with budgeting and expense tracking. You're also not going to be able to keep track of investment accounts.
Another cool thing about Doughhound.com is that you can track more than just money. It is possible to track your exercise goals, and record the calories you eat. It's a great data tool that can help you keep tabs on just about anything you can think of. You can import data to Doughhound.com quickly and easily using email.Bottom Line
While not as fancy as some other financial applications, Doughhound.com is great for those who want an easy way to track their spending and work toward their financial goals. It's simple, and your privacy is assured, since you don't have to enter personal financial information.