Personal Finance Software Review
When it comes to personal finances, the majority of us want to be able to manage our money with ease, convenience and efficiency. This has become increasingly important in recent years as the result of an increasingly challenging financial market and a greater strain on household finances.
However, trying to effectively manage your finances without the proper tools and resources can be difficult, which is why many people turn to personal finance software to assist them. It is worth bearing in mind that there are various types of personal finance software with different features to suit your needs.
Best Personal Finance Software: What to Consider
Choosing the right personal finance software is an important part of gaining greater control over your money situation. It
- How easy the software is to install and use
- The features and capabilities of the software
- The cost of the product
- What type of reporting features are offered
- The security of the software
- The level of customer service and support available
- Additional features such as personal investing and tax
The Best Personal Finance Software
Quicken Personal Finance Software Review
- Free credit report summary
- Fast and easy to use
- Automatic bank report downloads
- Shows loan, investment and retirement accounts
- Reports on financial weaknesses and strengths
- Lacks business features of more expensive program
Quicken Premier is a personal investing software developed by the one of the foremost leaders in financial software. Quicken often presents the quintessential example of the software in many areas of finance and Premier is no exception. The program allows you to see all of your investments in one place so that you can get a full picture of your financial ventures. You can track easily track costs and capital gains to make the best decisions with your money.
Its intuitive functions allow you to organize your portfolios and see your analyzed risk vs. return assessments. You can also use the program to download income and expense reports from banks and other financial institutions so you don't have to manually enter in those amounts.
Quicken Premier also helps you maximize your tax benefits and helps you fill out an accurate return. It works well with TurboTax so you can export costs and gains directly to you're the tax program.
The program also includes future and retirement planning. Create separate savings accounts to help you see your progress towards purchases like a new home or a vacation. Then you can decide when you want to meet that goal and how much you want to contribute to it every month. Manage retirement funds and organize your finances based on forecasted balances.
This is a personal investment program, so if you are interested in using a program like this for your business you may need the more expensive Quicken Home & Business.
Verdict - Superb
Quicken Premier is the ideal personal investing software. It's wide range of investing, saving, tax and retirement management capabilities make it an excellent choice for your home finances.
Moneydance Personal Finance Software Review
- Easy set up and user friendly interface
- Quick account additions and syncing
- Access to a range of tools, resources, and reporting facilities
- Organized and simple to navigate
- Free access to a range of financial features such as online banking and bill p
- App based bill payments are not allowed by every financial institution supported by Moneydance
- Cost is slightly higher than some of its main competitors
With free access to a range of invaluable features designed for those looking for ways to budget more easily, the Moneydance software product is a good choice for those who want simplicity and practicality. This is a very well organized product that enables users to track and monitor finances with speed and ease. The software offers access to a range of free facilities, such as online banking and bill payments. It offers easy set up and a user friendly interface that makes getting around easy, so users can focus on their finances rather than stressing over how to use the software.
Money management becomes a far easier task when you have this sort of practical software at your fingertips, which is why many people opt for the Moneydance software. You can easily access account summaries and bill payment reminders and you should have no problem adding new accounts and syncing your accounts with the software. App based bill payments are not allowed by every financial institution supported by Moneydance, which is something to bear in mind when making your decision. You should also consider the cost, which is slightly higher than some of its competitors. A variety of financial calculators and other tools are made easily available with this software, including simple tax reporting facilities.
This software has pretty decent and even good reviews on a number of review sites, including Bestrecovery.com, Find the Best, Expert Reviews, and Cnet. While the Moneydance software is a solid choice for many people, you still need to weigh up the pros and cons before you make your choice.
Verdict - Great
With its range of features and practical tools, the Moneydance software has plenty to offer. For those who want to make financial management easier, faster, and more efficient this is a good choice of financial software.
AceMoney Personal Finance Software Review
- User friendly and easy to install
- Offers access to a range of financial tools and resources
- Enables users to see account balances at a glance
- Provides tax options, reporting tools and investment tools
- Provides access to a range of finance calculators
- Although there is a good support network, this does not include telephone support
For those that have financial goals they are keen to achieve, AceMoney provides a good solid solution. This software offers versatility and ease of use, making it suitable for a wide range of individuals. This software provides access to a range of financial calculators, offering information on creating an effective budget and managing investments. One of the great things about this software is that whenever an update comes out you can upgrade free of charge, as you only have to pay a one off license fee to access the software.
This software offers a very user-friendly interface, with clear menu options and a simple layout, making it ideal for those that want to avoid confusing setups. It also offers easy installation. You can see details of your various accounts at a glance as well as accessing them in more detail. This provides ease and convenience if you just want to have a quick update on things such as account balances for your bank, credit cards and investments. There are various reporting tools available via this software, which helps in the management of your personal finances and other features include tax options, personal investment tools, and scheduled backups.
While the support network offered with this software is good, it does not include telephone support, which may prove inconvenient for some people. The software does enjoy some good reviews on sites such as Bestrecovery.com, Expert Reviews, and Cnet.
Verdict - Great
If you are looking for a simple software package with a good variety of features, and one that you will not have to keep paying out on when updates come out, AceMoney is a very good choice. Its wide range of features has secured it first place on our list of personal finance software products.
YNAB Personal Finance Software Review
- Reliable software with practical and valuable budgeting features
- Excellent reporting tools to help with budgeting
- High level of customer service
- Appealing graphs and charts
- Range of applications
- No specific features relating to taxes or personal investing
- Cost is quite high compared to many competitors
- No BBB accreditation
Access to both monitoring and educational tools relating to personal financial management have become more and more vital these days. For those who are looking for these benefits, YNAB has plenty to offer. This personal finance software is very effective and efficient, offering access to some great educational tools and information as well as a wide range of practical tools and resources to help you to manage your finances far more easily and efficiently. If you want to set and achieve financial goals, YNAB can help you on your way, making it a very effective option for those that want quality software that is versatile and practical.
While the price of this software is considerably higher than many of its competitors, it is reliable, educational and packed with features. You can enjoy everything from online tutorials and free classes through to money saving solutions, colorful graphs and charges, and organizational tools. There is even a feature that enables you to attach virtual sticky notes to give yourself reminders. While there is no feature dedicated to taxes or personal investing, the software does offer excellent customer service and reporting tools, which makes it a great choice for those who want to more efficiently manage their budgets.
YNAB has no BBB accreditation but does have a rating of A from the bureau. It also has pretty good ratings on some reviews sites such as Bestrecovery.com. You do need to consider the pros and cons of the software before you make your decision about YNAB 4.
Verdict - Great
Despite the lack of personal investing and tax features, the YNAB software is a good choice, particularly if you want to benefit from the wide range of educational features that it offers. This is why it has made second place on our list of personal finance software products.
CommonCents Personal Finance Software Review
- Simple principles based on old school budgeting
- Easy to use and understand
- Makes monitoring and tracking easy
- Real time account balances as well as historical data
- Access to a number of tools and resources to aid financial management
- Some may find it old fashioned
- Split screen can slow down loading
- No frills program
Created by EnDevelopment, CommonCents is a popular personal finance tool used by many people who are looking to make personal money management a little easier. The software enables you to manage a wide variety of financial areas, from credit cards and loans through to cash and mortgages. It works on the old school principle of putting certain amounts of money into 'envelopes' to budget for each of your various financial commitments. It enables you to view real time account and envelope balances as well as providing easy access to historical transaction to ensure you can monitor and track your finances easily and efficiently.
This software offers access to a range of tools and resources to help those who need a helping hand with their finances, although some may find that it is a little old fashioned in terms of the principles that it uses. That said, many people seem to find that it is pretty easy to use and quite effective, although some feel that the split screen makes loading a little slower. This software takes quite a common sense approach to making financial management easier, which essentially makes it pretty simple to use and understand. This software has received pretty good reviews on sites such as Cnet and Softpedia.
Verdict - Good
If you want software that is simple, effective, and offers no frills budgeting solutions, you could find that CommonCents is a very good option.
Personal Finance Software Review Recap
Managing personal finances can be a challenge for the best of us these days. However, today's personal finance software is designed to make this task far easier, saving you time and in some cases saving you money. By managing your budget and finances more efficiently, you can enjoy greater peace of mind and financial stability. This is why you need to ensure you choose the most suitable software that offers the features and facilities you need to more easily control your money.
Best Personal Finance Software FAQs
What is personal finance software?
Personal finance software increases the efficiency of your typical financial needs. There are tools for day to day budgeting, debt
Some are connected to your bank accounts and can give you live updates and alerts when you need to make payments or when you receive a direct deposit. These help you manage your finances directly. There is also software that is disconnected from your account. This allows you to manage your finances with budgeting calculators and tools without having to connect your actual bank account.
Do I need personal finance software?
Whether or not you need personal finance software depends on your financial situations and intentions. If you just want to make a basic budget, then software might not be necessary. If you have complicated finances then you may need the extra help.
The fact that dealing with your personal finances can be