Last Friday Yahoo! launched a new web portal dedicated to personal finance. I was skeptical at first (their shopping portal hasn’t impressed me a bit) and it took me a few days of convincing myself before I set aside some time to browse through the pages. Man, was I wrong! The web site is very well built and is loaded with an array of useful resources.
The Calculators section is overwhelming. I have never seen before so many online financial calculators in one place. The Rates page pulls in data from BankRate into a neat table for comparing rates on Mortgage, Home Equity, CD’s, and Auto loans, and is in fact less messy than BankRate itself. The Glossary was also fun to read. I learned that “amortization” actually has come from “amortize” which means “to bring to death” (referring to a loan).
The portal aggregates news from such sources as CNN Money, The Walls Street Journal, and USA Today in addition to the Yahoo’s own crew of experts. An interesting side note, each article is conveniently featuring “Digg This”, and “Bookmark to Del.icio.us” links at the bottom. At last Yahoo! is learning something from bloggers. ;-)
The most interesting section for me was the collection of How To guides categorized by different aspects of personal life — from Getting out of debt (something I hopefully will never have to deal with) to Buying a car (which I hope to do a lot ;-)).
Overall I was impressed by this effort from the Yahoo! team to regain the status of the ultimate destination for everything on the Net. It is certainly worth your time to check it out.