Family Financial Report Card - Savology Plus Review

In the early days of starting our family, I was primarily focused on increasing our household income. Then, the focus was on saving and investing as much as possible. Now, after 10-years of marriage and 3 kids, I realize the risks my family is exposed to.

There’s so much more to financial wellbeing than income, savings, and investing and tools like Savology shine a bright light on the areas I’ve overlooked. So, what’s a financial report card and why should you care?

A financial report card looks at all aspects of your financial household and tells you where you’re excelling and where there’s room for improvement. It’s easy for families to get lost in the minutia of personal finance or to overlook it altogether.

The easiest way to run a financial report card is by using Savology. I’ve been partnered with Savology for over a year and I truly believe in their mission to “improve the financial well-being of millions of American households by making financial planning more accessible, actionable, and effective than ever before.”

Continue reading to learn more about the number one tool for understanding the current financial health of your family.

An image of a financial report card from savology.com

An image of a financial report card from savology.com

I use Savology for our family. For $8 per month, I was able to easily integrate it into our financial automation and I enjoy logging in to track our progress.

Sometimes, it’s wise to pay for a service if it provides you with the ability to earn or save more. For example, we also use Dave Ramsey’s everydollar budget app which is over $100 per year, but it saves us thousands of dollars by giving my wife and me control over our budget. Same with Savology.

"We're thrilled to have helped tens of thousands of American households build free financial plans since launching in late 2019," said Spencer Barclay, Savology Founder and CEO. "Savology Plus builds on that success by adding robust premium capabilities that drive lasting financial change for our users."

Savology Plus features

an image of savology action items.

an image of savology action items.

Savology Plus members can take advantage of the following premium features, starting at $8 per month:

  • Connect financial accounts

  • Live chat with financial coaches

  • Share accounts

  • Advanced gamification

You can actually live chat with financial coaches to receive real-time answers to your financial questions. This sealed the deal for me.

Not a day goes by where I don’t have a financial question, for $8 a month I can ask an expert and receive a reliable answer.

I personally love the action items. It holds my wife and me accountable and provides third-party authority to topics that may be difficult to discuss. If a financial expert is telling you that you should consider life insurance or updating a will, then it’s probably time to have this conversation with your spouse.

Savology can help you get your family finances right

My wife and I figured it out by trial and error. We failed with our budgets over and over until we finally figured out what works well for us. 10 years ago, there weren’t many family role models. Most bloggers were single software engineers.

Savology takes the guesswork out of personal finance and gives you an honest snapshot of your financial wellbeing along with the action items to continue to improve. I only partner with brands that I have used myself and that bring real value to my audience. I use Savology and recommend it to all of my family and friends.

My wife and I have tried nearly every financial platform available and have settled on just a few due to the value that they bring our family. How do you think your financial report card looks? Are you ready to start improving it?

I am an affiliate for Savology only because I believe their product is truly valuable for families and because I use the service myself. If you sign up, Savology will pay me a small commission at no cost to you. It’s a great way to support our website.