Free FI Tools for the Community By the Community
Here are some free FI tools you can use to help you on your way to FI. They’ve been created by people in the European FI community who were looking for a suitable tool but couldn’t find one. We thought we’d share them with you too since they address common problems that no doubt many of you out there have.
This is yet another example of how a strong European FI community can benefit us all. We’ll all be stronger and happier if we help one another. Let’s keep building and strengthening our community.
If you know of any other free tools you think would be useful to others in the FI community, feel free to tell us about them.
Topia is a free app made by someone from the community who got sick of his never-ending Excel spreadsheet and constant monthly tweaks/updates. So during the Covid lockdown he started building a FIRE app to automate a lot of the manual processes involved in his FI journey. It’s worth noting that the app is UK-based and some of the its functions only work if you’re in the UK. To hear a bit more about the Topia journey, listen to the app developer’s interview on the Meaningful Money podcast here.
FIRELEAP is a completely free FIRE/net worth tracker. The author created it because he wanted a tool for tracking his own data, and since Personal Capital is not available for Europeans, he had to make one himself. This means that it is more or less targeted for an EU audience. It allows you to keep track of your path to FIRE and lets you see how other users are doing. It also gives you statistics on FIRE in various countries.
firedating.me is the first ever dating website specifically for the FIRE community. If you’re all set with dating (lucky you!), you can use it to look for like-minded friends instead.
You can read our interview with the creator of firedating.me here.
Compiled by Banker on Wheels, an ex Portfolio Manager and Institutional Advisor that witnessed first hand the 2008 GFC and the 2011 European Debt Crisis working for the most prestigious names in the financial industry.