Personal financial management doesn’t have to be about receipts and spreadsheets. You can simplify the whole process using easy-to-use the software. Software records are usually easy to save and backup, either to your hard drive or to a cloud storage service, making it harder to lose your progress. Choosing the best personal finance software is therefore very important.
Some personal finance software can help you master budgeting and expense tracking, while others can help with investment portfolio management. Our list of the best personal finance software includes free and paid options to suit a variety of financial goals.
Picking which personal finance software package to use is pretty straightforward. The main thing is to consider what you’ll need it for, and how much you’ll be using it. After all, there’s little point in purchasing a premium personal finance package if it has got lots of features you’ll never use.
If you have basic budgeting needs to cater for, such as managing personal finances along with tracking your spending, then keep it simple. The great thing with many packages is that they can be configured to work as much or as little as you need them to.
In this article, we have curated10 Best Personal Finance Software you can use in 2022;
10 Best Personal Finance Software you can use in 2022
1. QUICKEN
Quicken is one of the most established personal finance software on the market. You can use the software to manage various aspects of your financial life from budget creation to debt tracking, savings goals, and even investment coaching.
The software features Excel exporting, which allows you to manipulate and perform additional calculations on your data. One of the more advanced features includes bill paying, which allows you to set up payments for your bills right from the software.
It can track the value of assets, in order to have an accurate calculation of total net worth. This App awesomely manages both personal and business expenses and even handles property management functions like rental payments from tenants.
For investments, it also offers the ability to track investments, whether as part of your savings, investment portfolio, or 401k pension plan. This means you have a clear idea of how much your savings and investments are worth, though it’s fair to say you shouldn’t panic about short-term fluctuations in the stock market.
Altogether, Quicken brings together your budgeting, banking, and investment reporting into a single dashboard, which you can view from your desktop or even via your cell phone from the mobile app.
Quicken is a paid personal finance software that starts at $35.99 per year and is available for Windows, macOS, iOS, and Android.
This is the first Best Personal Finance Software to use.
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2. MINT
Mint is a personal finance software, it’s one of the most popular budgeting and expense tracking tools. This software pulls in bank and credit card information to analyze spending and adequately identify areas that you can cut back to improve your finances.
For more accountability, Mint allows you to set up notifications for issues like due dates and low balances to keep you on track.
These features help to avoid expensive fees on late payments and overdrafts from bank account. If you’ve set up budget categories, Mint will give you real-time information about the amount you can spend on things like food and gas. This personal finance software is the best used for budgeting.
Mint is free to download and use on iOS and Android devices, as well as desktop.
3.MVELOPES
This personal finance software is a traditional envelope budgeting system that helps to stick to budget by using envelopes to manage money. Once you’ve broken down your budget, but that amount of cash into different envelopes.
If you budget $100 for gas for the week, you place that amount in a “gas” envelope. Once $100 is spent, that’s it.
Mvelopes take this same approach to budget, except that it’s done digitally on your phone and computer rather than with physical cash. This software is best for Zero-Based Budgeting.
Choose the financial goals that are most important to you, then add your bank accounts and set your income. Mvelopes will help you create a budget and set up your “envelopes.”
The software tracks your spending and shows you what you’ve spent from each envelope to keep you on budget throughout the month.
The basic version starts at $5.97 per month, or $69 a year, with the higher-priced options providing additional features and coaching options. Free trial is available for 30 days, after which you can decide the right plan for you.
4. TURBOTAX
TurboTax, a personal finance software that deals more with taxation. So, you may not necessarily need TurboTax to manage your finances throughout the entire year, but when it’s tax time, the software can come in handy.
While it’s one of the pricier tax preparation tools, it’s also consumer-friendly, walking you through your tax preparation to help you accurately file your tax return.
Entering your tax information is fairly simple—you can import your W-2 information from your employer or take a picture of it and the software will transfer the information into the form.
If you’ve used TurboTax in previous years, the software will remember much about your personal information and ask whether there have been any major changes. The most basic version lets you file your federal and state return for free if all you use is form 1040 with no attached schedules.
On the higher end, TurboTax Live connects you with a CPA or Enrolled Agent to give you personalized advice and answer questions about your tax return. Paid versions of TurboTax include a feature to help you uncover deductions you may not have known were available to you.
While you can use TurboTax on the web, you can also download the software to your device for added security.
Read: What is Personal Finance? | Expert Guide
5. BANKTREE
BankTree is a personal finance software, its supports worldwide currencies, and in fact, does a solid job if you’re working simultaneously with more than one, offering balances in multiple currencies rather than rounding them off into a single total.
It’s also good for keeping track of everything, allowing you to scan receipts with its mobile app and import them later on.
It’s not the prettiest software around, and it’s slightly more awkward to use than many of its more refined cousins, although BankTree does produce very neat reports which you can break down by time, or by the payee. It may be worth experimenting with the free trial before you choose to invest in this one.
The desktop software comes with one year of updates and support, though you are restricted to one PC and there is a charge for any additional PC you want to run the software on. There’s also a browser-based version available.
Whichever version you opt for, there’s a 30-day free trial available, so you can try before you buy to get an idea if BankTree will work for you.
BankTree Desktop Personal Finance software is available now for just £35.00. We will provide you with free email support, and free updates, and bug fixes to the current version of BankTree Desktop Personal Finance version 3.0.
You can install the software on one computer. Any additional installations are at just £5.00 per computer.
6. THE MONEY DASHBOARD
The Money Dashboard iOS/Android app doesn’t try to reinvent the banking world or offer anything truly ground-breaking, but it is perhaps one of the most useful money management tools out there.
Hook up every one of your UK bank and credit card accounts and you’ll be able to see each of your balances in a single place with a single login. That in itself is enough for us to recommend it.
But there’s more – Money Dashboard will track your spending, offering you an overall pie chart depicting your spending on loans, consumables, transport, and the like.
There’s an at-a-glance overall balance, showing exactly how much money you have available across all of your accounts, and you can compare this to the previous month’s figure to show how well you’ve been managing your funds. That’s a great motivator.
It’s super-safe, too: Money Dashboard locks down your login with an equivalent level of security to that of your bank, and it’s completely read-only – your money isn’t going anywhere.
There are apps available for Android and iOS, and surprisingly both are free to use.
Over half a million people use the award-winning Money Dashboard app, which makes it one of the most popular personal finance choices out there. It’s quick and easy to sign-up for free, which will allow you to explore all of the features and functions.
7. MONEYDANCE
A personal finance software, made primarily for Mac users (but also out on Windows and Linux), Moneydance is a desktop money management package with a very neat single-window interface.
Load it up and you’ll get an instant view of your finances, upcoming bills, recent expenses, and more. Click an item in the left-hand sidebar and the main content changes to reflect it.
Its reporting features are quite strong if not spectacular to look at, and one of Moneydance’s most useful sections is its account register. If you’re old-school and once managed a chequebook, this operates on a very similar principle. There’s also an iOS app for logging transactions on the go, which later syncs with the software on your desktop.
Unfortunately for UK users, Moneydance doesn’t support the connection protocols used by UK banks, so you’ll need to download your transaction history manually to keep on top of it and revert to your bank’s own app to move money around. US users, however, are well covered.
The plan offered applies per household rather than per computer, which means that you are licensed to run it on multiple desktops at home. While no free trial is advertised, a 90-day money-back guarantee is.
Moneydance – Buy now for just £44.41.
For personal use, people who use Moneydance should buy one license per household, no matter how many computers you install it on, operating systems you use, people who use Moneydance, or data files you create.
For business use, please buy one license per computer Moneydance is installed on, or per data file (on a shared network), whichever is smaller.
Read: Best Personal Finance Book Available In 2022
8. BUXFER
Buxfer, an online service that’s not slathered in effects and colors, Buxfer does a good job of presenting your finances in a clean, professional manner.
It cutely brags about the fact that it’s currently helping its users manage over four trillion dollars in funds, so it’s got a solid user base behind it.
You don’t have to give Buxfer your exact banking details if you’re uncomfortable doing so – you can opt for offline manual syncing with your bank account instead. But if you do trust it, there’s a layer of high-level encryption to protect your data and the company is regularly audited.
We like its budgeting tools best of all – the visual reporting is very strong, and the fact that it doesn’t force you into predefined categories and instead allows you to tag expenditures however you see fit means Buxfer should fit nicely into most people’s banking lives.
The free version gets you five budgets, accounts, and bill reminders, the Pilot version adds on automatic tagging and bank syncing, the Plus version gives you unlimited budgets, and the Pro version includes online payments, advanced forecasts, and more besides. Get it all through with a Prime version.
9. COUNTABOUT
Count About is a great finance app choice if you need solid expense tracking software to stay on top of transactions and import data from various financial accounts, including Mint and Quicken.
Its budgeting tools are somewhat basic and the tool lacks a comprehensive dashboard, but it does allow you to customize and tag transactions and it will create and track invoices.
Those perks alone make it an excellent choice for small business accounting purposes or sole proprietors with recurring transactions and invoices. After the 15-day free trial, CountAbout Basic is priced at $9.99 per year, while its Premium version is $39.99 per year.
Premium also allows you to automatically import information from compatible financial accounts.
Cost: Basic $9.99 per year, Premium $39.99 per year
10. TILLER MONEY
Tiller Money was created with the spreadsheet fanatic in mind, so it’s perfect if you love to keep detailed spreadsheets to track spending and plan your financial future.
To facilitate this, Tiller Money syncs with fully customizable Google Sheets, which means you need a Google account to use the software.
Once you sync your Google Sheets, Tiller Money automatically updates them based on the information in your connected financial accounts. If you don’t want to create your own spreadsheets, there are templates you can use as well.
After a 30-day free trial, Tiller Money costs $79 annually, billed at $6.58 per month. Best for Spreadsheet Management.
Cost: $79 per year
Read: 10 Best Personal Finance Apps In 2022
CONCLUSION
Managing your finances is a personal affair, and everyone has different ideas about how they want to spend their money. However, anyone can benefit from using tools that promote accountability and proper budgeting.
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