Personal finance has become an ever-more increasing priority amongst people all over.With reports of credit scores increasing and debt decreasing for individual people, we are moving towards more financially-stable times.
In my opinion, people seem to be learning from mistakes of the past. This, all in of itself, is the importance of history for all subjects! Thankfully, we can also learn from the mistakes made in financial situations of the past and steer away from them in the future.
But with these new times, the game changes. The way we handle things is different. The way people made budgets and balanced incomes 50 years ago is a lot different than the way we do it now. These days, computers and mobile phones better our productivity while making it easier and safer. Finance software can help out tremendously. Let’s cover a few of the best.
Quicken Personal Finance Software is one of the best software available.
This product has been around for a long time, so you know by the age the makers and product continuously improve. Quicken software can be downloaded on Mac or Windows computers and can be accessed on your smartphone.
Quicken is not just one product. It’s a series of products. As in, if you are a single, full-time worker, your financial software needs aren’t going to be that of an enterprise. You’ll need easier software, and the business software doesn’t need you.
Moneydance is a really cool software to navigate for typical people.
I’m not saying “typical” in a bad way merely meaning you don’t need all of the gadgets and whistles with your program. Moneydance offers very simple and easy transaction receipts and it is not hard to use by any means.
You can also use Moneydance on your iPhone and iPad! Moneydance is a really well-rounded financial software.
3. You Need A Budget
With You Need A Budget, you can expect to learn a lot.
They have their tools to guide you, show you, and most importantly: show you. With You Need A Budget, the main focus is to teach the user how to efficiently budget. So if you are wanting to learn the best ways to manage your money in a subconscious way, You Need A Budget has your back.
Plus, I imagine using the software while teaching children can only benefit them to learn the best ways to manage their money.
CalendarBudget is software that (hence the name) uses a calendar to go over all of your expenses. It shows you how your money will be affected in the future and what you have to work with on a certain day.
If you need to see things in the future and always have your calendar ready, CalendarBudget might be a great pick for you!
5. Personal Capital
One cool benefit about Personal Capital is how it’s cloud based-no downloading required!
Let me explain:
This software is targeted for those who want to see the big picture of things, and not the nitty-gritty everyday details. Personal Capital tracks your net wealth. Their market appeals to those who travel a lot.
Also, those with strange/irregular paydays benefit from Personal Capital. They have the cloud browser-based system and an app. Whether you stock investor, commodities professional or even a trader – They can track your investments, as this is for those in the big picture.
Say you weren’t too worried about what you spend on a day-to-day basis (I’m jealous of you). If you want to know what your investments look like and how your net wealth looks, Personal Capital is for you. Check out their sleek designs.
Okay, I’m a little biased here. I use Mint and I love it. But so do a lot of other people!
Mint is owned by Intuit and is ran as a website and an app. Most people love Mint because it has a lot of actually useful tools. For example, it has one tool where you set your goal of $__ for the reason being ____. Then it will ask how much a day, week, or month you want to save to reach that goal.
That payment is then factored into your weekly/monthly budget. Pretty cool, right? Also, with Mint, linking ALL of your bank accounts (checking and savings) and your credit cards is a great idea.
To me, it makes it simpler to see “this is what I have and this is what I owe.” With the availability of seeing my credit score and being able to see what percentage of my credit line I’m using, I am able to see the consequences of purchases.
This helps A LOT. Let's add another cool (and real) story:
One time I had to use my credit card too much and Mint gave me a little “heads-up” basically saying that I was using more than 30% of my credit line. It said underneath the notification that using more than 30% of your credit line can negatively impact your credit score. I knew about finance and the finance field, but the reminder helped. Plus, I was just establishing my credit, so this notification was a bullet I dodged!
So… that’s a lot of information. Obviously, from reading, you can kind of see which I prefer (hint: Mint). But just because Mint is my choice, it doesn’t mean it is right for you. Having a very in-depth look at finances might be important to you, so Quicken works.
Maybe you are a veteran to operating businesses and knew Quicken was the only way to roll. Or maybe you just leisure around and need to check what your net worth is with Personal Capital.
Regardless of which software you use, the fact that you cared enough to research the best software says a lot. Being concerned with finances and your money is a great key to making the most out of it and out of life.
Like I said at the beginning, people are increasingly more concerned with their finances. With these software, you can steadily monitor and maximize your money and all its’ benefits.