I’ve written about quite a few online financial management software on this site over the past couple of years. I’ve found a couple that I really enjoy using including Mint.com and Personal Capital. Both of those sites have great budgeting and tracking tools built into their pages, and have a nice visual experience for people who want to stay on top of their finances.

This past week I was introduced to another new financial management tool and website from the folks at Power Wallet. The Power Wallet website will help you to set a budget, manage monthly bills and payments, while helping you to save money via local coupons, offers and daily deals. They’ll also soon have the ability to earn points in their rewards program to earn cash back and discounts at popular retailers.

So how does Power Wallet stack up, and what features and functionality do they have available? Let’s take an in depth look in this Power Wallet review.

Power Wallet Company History

Power Wallet launched in early 2012 as a beta product, and after going through several months of beta testing it launched at the Financial Blogger Conference in September of 2012. So what is Power Wallet? From their site:

PowerWallet is a free online personal financial management tool that helps users budget smarter, manage their monthly bills & expenses easier, plan for the future and save more with customized coupons. Launched in early 2012, PowerWallet has quickly grown with the intent to help Americans take power over their personal financial situation.

I like their philosophy of helping Americans to take power over their financial situations, that’s something I aim to do with this site as well. Just how well do they do that? Let’s take a look at what they have to offer. But first, we need to sign up.

Signing Up For Power Wallet

Signing up for the Power Wallet site is super easy. I’ve partnered with the folks at Power Wallet to launch a customized portal for Bible Money Matters readers and you can now sign up for their service for free through this link. All you’ll need to signup is the following information:

Full name

Email

Birth year

Postal code

Answer a security question

Confirm email address

Set a password

Take a moment to sign up for your free account, it only takes minutes!

Sign up for your FREE Power Wallet Account

Once you sign up for your free account the next step will be to add your financial accounts including your checking, savings, investment and other cash accounts. You can also add bill reminders and check out their daily deals and offers sections. But we’re getting ahead of ourselves. Let’s look first at a list of things you can do within the Power Wallet site.

Features And Functionality

Power Wallet has a lot of different things that you can do on their site. Among the highlights listed on their site: