Personal finance is an area everyone has to deal with at one point or another. Whether you’re a college student picking up your first part-time job, or a small business owner hoping to expand internationally, there are all sorts of questions that the money management software free download full version can help answer.
Ever since the first time I wrote an overdue bill to my Dad, I developed a passion for finances. Frankly, I thought this interest would fade away with me older – but it didn’t! Personal finance is still an integral part of my life. In fact, I think it’s more important today than ever before. That’s why I created a list of best free online money management tools.
You Need a Budget (YNAB)
WHY WE CHOSE IT
You Need a Budget (YNAB) earns the top spot because of the company’s renowned budgeting philosophy and reputation. YNAB says new budgeters typically save $600 in their first two months and more than $6,000 in their first year. Although YNAB is the most costly option on our list, the company offers a 34-day free trial.
PROS & CONSPros
- Complete budget makeover
- Free 34-day trial
- Strong customer service and comprehensive education
Cons
- $84 per year
- More time-intensive to learn
- Recent sync issues
Quicken
REASONS TO BUY
+Fair pricing+Secure online backup+Desktop and app
REASONS TO AVOID
-Slender app versions-Rivals come cheaper
Quicken is a long-established tool for managing personal accounts, and while its reputation was built on a desktop version, it’s now available to run as an app on your mobile devices.
Quicken offers a good range of financial reporting tools. These are set around a few different areas, namely budgeting, bills, accounts, and even investments. For budgeting, it offers you a chance to input your purchases and income so you can compare them both together to get a better idea of how much you are spending compared to how much you are earning.
In terms of bills, you can also see which utilities and similar you are constantly paying out to, and see both the amounts to be paid and how much money you have left over. For accounting purposes you can even bring your banking and credit card bills together in one place so that you have a very clear idea indeed of how much you’re paying out. This is especially handy as people easily underestimate how much regular small purchases can add to costs.
For investments it also offers the ability to track these, 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 – Try it for 30 days risk-free!
Start taking control of your money with the Starter package at $35.99/yr, manage your money and save with the Deluxe option at $46.79/yr down from $51.99/yr, maximize your investments with Premier for $70.19/yr, down from $77.99/yr or manage personal and business finances all in one place with Home & Business at $93.59/yr, reduced from $103.99/yr.
Mvelopes
The traditional envelope budgeting system helps you stick to a budget by using envelopes to manage your money. Once you’ve broken down your budget, you put that amount of cash into different envelopes. So, if you budget $100 for gas for the week, you place that amount in a “gas” envelope. Once you’ve spent that $100, that’s it. Mvelopes takes this same approach to budgeting, except that it’s done digitally on your phone and computer rather than with physical cash.
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. You can try Mvelopes free for 30 days, too, before deciding which plan is right for you.
Mint
WHY WE CHOSE IT
Mint stands out for a few reasons. It’s one of the most popular budgeting apps available, with over 25 million users.1 The app is free and easy to use for budgeters of all levels. You can also set up bill payment reminders, track investments, and access your TransUnion credit score—all of which makes Mint our choice for the best free budgeting app.PROS & CONSPros
- Free budgeting app
- Free TransUnion credit scores
- Investment tracking
Cons
- In-app product advertisements
- Some complaints about technical issues
- Spending categorization could be better
Banktree
REASONS TO BUY
+30-day free trial+Supports multiple currencies
REASONS TO AVOID
-Can be a bit tricky to navigate-Needs their online banking subscription for syncing
BankTree is more than happy to support 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 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 – Personal Finance
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 charged at just £5.00 per computer.
Personal Capital
REASONS TO BUY
+Robust investment & retirement toolset blows competitors out of the water+Great educational offerings to truly understand your wealth
REASONS TO AVOID
-While it’s possible to add non-retirement savings goals, the guidance offered is thin
Price: Free app, with fees for wealth-management services should you choose to use them.
To be blunt: Personal Capital is what you graduate to, from Mint. Both personal finance managers are free, easy and friendly to learn and use, and will show you a comprehensive view of your finances.
Personal Capital, though, has foregone budgeting and bill-payment tools to focus on next-level concerns. Features like its 401(k) analyzer, what-if Retirement Planner, and projected portfolio values are exactly what you need if you have the good fortune to arrive at the phase in which “How am I going to save some money” has become “What am I going to do with it all?” It’s next-level personal finance software, best for people who have gotten to that next level.
Money Dashboard
REASONS TO BUY
+Free+High security+Easy to use
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.Money Dashboard – Popular money management
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.
Conclusion:
Personal finance software is designed to help keep your money under control. Whether you are a business or an individual, You can use personal finance software for different assets, incomes, debts etc. Best online free money management tools are the software’s that give you ease in making transactions of your business. There are various organizations that have automated their financial work by installing these online free money management tools. The benefits that arise with using these software’s are enormous.