Best Free Personal Finance Software | Ultimate Guide

Back in the day, when people needed to track their finances, they would have a ledger. As efficient as it was back then, it probably put a strain on the old folks. Luckily for us, technology has helped us get more efficient when it comes to keeping track of our finance. There is various free personal finance software that aid individuals, families, and even companies, ensuring that every aspect of their finance is on track.

Personal finance software can be used to track spending, create budgets, and plan for future expenses. Some software differs by feature support, software code and development transparency, mobile app features, import methods, monetization model, privacy, and data storage practices. That means they can help you master the basics, become more efficient at managing your money, and even help you discover ways to meet your long-term financial goals.

There is various available free personal finance software that caters to the different aspects of finance. Deciding on what software fits you best depends on your current financial needs and goals. 

In this article, you’ll find the best personal finance software in 2023; carefully read through.

Which Software Is Best For Personal Finance?

From a survey of all available personal finance software, it was discovered that the best software for all aspects of personal finance is Quicken.

Being in the business for over 30 years, Quicken’s mission is to aid its users to lead healthy, confident financial lives. They don’t focus on just budgeting alone but also investment and retirement plans.

They also have a college fund plan available for families and even students. With a record of a whopping 17 million subscribers, it’s safe to say that with Quicken, users are in good hands.

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Is There Better Personal Finance Software Than Quicken?

Quicken is ranked the best by many sources because of its versatility and wide scope of personal finance options, it’s quite difficult to name any other software as a better one.

However, there is another personal finance software that comes highly recommended. Mint comes in as a close second with its impeccable budget tracking and planning tools. The software enables its users to track their bill payments, budgeting goals, and investments. It also enables users to check their credit score and also helps them track and maintain a good credit score.

They may not be as high up as Quicken, but their software has helped millions of subscribers reach amazing financial milestones.

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Can Quickbooks Be Used For Personal Finance?

Quickbooks Home Accounting and Personal Finance software is among the top home accounting software options as it is user-friendly, cost-effective, helps you track expenses, manage bills, prepare budgets, scan receipts all in one place.

Although this software is made for keeping track of the accounts for small businesses, it can be considered as a good personal finance software. According to this article on the SLCBookkeeping blog page, Quickbooks can be used in three ways when it comes to being repurposed as personal finance software. 

  1. Cash Flow Management
  2. Automate Bills and Income
  3. Financial Reporting on the Family

These are features of a small business account; however, they can be repurposed and utilized for the user’s personal finance.

How Much Does Personal Finance Software Cost?

The average cost of personal finance software ranges from about $6-$12 per month. This range depends on the subscription plan chosen by the user. Of course, discounts are made available should a user decide to make payment on an annual basis.

There is available personal finance software that charges a one-time fee, but that depends on the user’s preference.

What Are The Best Free Personal Finance Software In 2023?

Quite a number of these personal finance software charges a pretty penny for their services, however, there are a few that aim to help users at little to no cost at all. Here are the 10 best free personal finance software in 2023.

#1 Mint

Intuit’s Mint is a free online budget planner. This software compiles all of your financial information, providing you with an overview of your budget, spending, bills, and credit score. You can make your own budget, set goals and reminders, and sync your data between the web and the apps. Encryption and multi-factor authentication improve security. You can also use Mint to keep track of your investments.

#2 Doxo

Doxo helps its users break free from the billing burden, protect financial health, and accomplish financial goals. Doxo also aids its users in tracking bill payments, monitoring their status as well as track their bill payment history.

#3 GnuCash

GnuCash is desktop software that tracks bank accounts, stocks, income, and expenses. GnuCash also provides small-business accounting tools for managing customers and vendors, invoicing and bill payment, and even payroll.

#4 Alzex

This personal accounting software enables anyone to manage income and expenses with ease. Alzex Personal Finance software is easy for beginners to get started with requires no effort to track finances and offers a wide range of functionality and settings for professional users. Gnucash allows users to gain a deep understanding of the financial health of the family budget, identify areas of excess spending, and trim the budget. Personal accounting software, which includes a scheduler, allows you to track expected income and spending, as well as see how much money you’ll have at a later date.

#5 AceMoney Lite

AceMoney Lite assists users in managing their budgets, tracking their finances in multiple currencies, keeping track of their investments, and analyzing their spending habits. Users can also conduct online banking transactions.

#6 Clear Checkbook

ClearCheckbook is a comprehensive financial management tool. They offer a variety of financial tools, including a bill tracker, budgeting tools, reports, investment portfolio, and a savings goal tracker, among others. Users can enter transactions manually or connect their bank to ClearCheckbook to have their transactions downloaded automatically.

#7 Personal Capital

Personal Capital provides free financial software for tracking investments and retirement planning, as well as tools for cash flow, spending, budgeting, and net worth. Personal Capital focuses on investments, showing users the performance of their portfolio over time and assisting them in making future decisions.

#8 Buddi

Buddi is a personal finance and budgeting program, aimed at those who have little or no financial background. Buddi can encrypt financial data with a password and is designed to be simple to use even if the user has no prior financial experience. Budgeting, account tracking, and personal finance reports are among the features, but users must enter transactions manually.

#9 HomeBank

This personal finance software helps users manage their personal accounting. Having been translated into 56 languages by its users, HomeBank makes user’s personal finance easy to understand using graphs and charts.

#10 KMyMoney 

KMyMoney is a personal finance manager that works across multiple platforms. It provides a wide range of financial features and tools to help users keep careful track of their personal finances. KMyMoney already includes the majority of the features found in commercially available personal finance managers. It ensures that financial records be tracked and recorded as they should be.

Frequently Asked Questions (FAQs)

What features are included in personal finance software?

Online banking, graphs, and reports, account registers, reminders, report groups, balance forecast, statement reconciliation, import and export data, investment account support, check printing, mobile app, bill, and deposit reminders are all features of personal finance software.

What is the best way to manage personal finances?

Here are some ways to manage personal finances:
Know and understand your financial situation, set financial goals, create a budget, establish an emergency fund, save for retirement, Pay off debt

Is there a better alternative to Quicken?

Mint is a good alternative. However other recommended personal finance software include Pocketsmitch, YNAM, and Betterment.

Is the payment for Quicken done yearly?

Quicken provides tiered pricing based on the features selected by the user as well as the product. Quicken, like many other personal finance software applications, now operates on a subscription basis.

Is Mint good for personal finance?

Mint is an outstanding personal finance service that has received numerous Editor’s Choice awards for its simplicity, usability, and smart financial tools.


Keeping a close eye on your expenses is important to successful money management. Using free software and services is one way to accomplish this. Free personal finance software can be surprisingly useful in tracking spending, creating and managing budgets, and running reports. Ensure to browse through the options above to find which personal finance software suits your needs best.


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