Canada Personal Finance Software

A personal finance software Canada is a computer program used to organize personal finance information and help make decisions about things like loans, budgets and investments. This software can also be used to manage investment portfolios and track expenses.

Canada Personal Finance Software is a premier source of information on free personal finance software. Learn more about Canada’s personal finance software when you read this article, which features a comprehensive review of Canada’s personal finance software, as well as tips and advice on selecting the best one.

If you are a savvy consumer and know that managing your personal finances is crucial to achieving your financial goals, then you will likely be interested in finding out more about Canada’s personal finance software. Canada personal finance software is used to track spending, incomes, and debts—helps users to get a clear picture of their overall financial standing and where they can improve. And because understanding one’s financial picture is an important part of any good budget, many people find these programs essential when creating a budget.

There is a lot of personal finance software in Canada, free and paid. This article will provide you with information on the best personal finance software Canada, compare personal finance software services in Canada and find out how to get a Canadian personal loan online. These free budgeting apps meet your basic budget needs and are available on the Apple Store and Google Play.

Best Personal Finance Software, Canada

1. Mint

Mint is the most popular free budgeting app with more than 20 million users. The app gives you a platform to view all your financial accounts in one place so you can automatically track your spending and set saving goals.

The Mint app makes budget creation a breeze and will send you alerts about unusual charges and upcoming bills. It supports all the major banks in Canada.

Worried about the security of your account? Mint uses the same 128-bit SSL encryption that banks use.

Click to get Mint.

2. KOHO

KOHO is a reloadable prepaid card and app that functions as a prepaid spending card, a money-saving app, and is a budgeting tool. It is free and available on iPhone and Android.

The KOHO app and card offer the following benefits:

  • Effortless budgeting with real-time insights into your spending (daily, weekly, and monthly) and savings
  • Roundup feature that automatically saves your spare change
  • 0.50% to 2% cashback on all your purchases
  • 1.20% interest rate earned on your entire balance 
  • You can set savings goals (both personal and joint) and the app shows you how to reach them
  • Directly pay your bills and receive payments e.g. payroll
  • Free financial coaching
  • Joint accounts and is a great budget app for couples
  • Access a portion of your paycheque a few days early

The KOHO app is not your typical budgeting app. It does much more than that and can almost replace your bank. The average KOHO user is said to reduce their spending by 15% and save almost $500 in the first 3 weeks of using the app!

Learn more in this KOHO review.

Click to get KOHO (use our CASHBACK referral code for a $20 sign-up bonus)

3. Wally Budget App

Wally is a basic personal finance app that is available on iPhones and Android. It is free and has received top ratings in many countries. The app makes it easy to track your expenses, scan receipts, create budgets, and set goals.

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They plan to offer an optional premium service in the future (such as currency conversion) which may cost $0.49 to $4.99. For now, all their services are free.

Click to get the Wally app.

Best Paid Budgeting Apps

If you are looking for a premium budgeting app that covers the basics and more, the ones below are worth checking out!

4. YNAB (You Need A Budget)

YNAB is a premium finance app that takes budgeting to a totally different level. The app functions around four major rules and is one of the best budget apps for iPhones:

Rule 1: Give every dollar a job. This is similar to the cash envelope system (without the paper envelope) in which you assign every dollar a task in your various spending categories and then execute your plan throughout the month.

Rule 2: Embrace your true expenses. The app helps you save towards large and less frequent expenses, so you won’t have to break the bank when disaster strikes.

Rule 3: Roll with the punches. You can adjust your budget easily as you learn more about your spending habits.

Rule 4: Age your money. Learn to save and spend less than you earn.

As per its website, the YNAB budgeting tool helps new budgeters save $600 in their first two months and more than $6,000 in their first year.

YNAB comes with a free trial for your first 34 days. After, it costs $7 per month or $84 per year.

Click to get YNAB.

5. Good Budget

Goodbudget is a budget app that offers both free and paid plans. The app works based on the envelope budgeting method and offers the following benefits:

  • Sync and share budgets between various devices and family members
  • Save gradually for big expenses and pay down debt
  • Plan and track your spending

Goodbudget is available on your computer, Android, or iPhone. The paid plan which offers unlimited envelopes, syncing across devices, and 7 years of history costs $6 per month or $50 per year.

Click to get the GoodBudget App.

6. Spendee

Similar to the Good Budget, Spendee offers a free and paid plan. You can connect your bank accounts and view all your money in one place. If you spend cash, it is easy to enter the information manually.

The app provides a beautiful-to-look-at overview of your finances and is great at setting smart budgets. It allows the sharing of information among family members, accommodates multiple currencies, and will alert you of upcoming bill payments and budget overruns.

Spendee has two paid versions that cost $14.99 or $22.99 per year. The app is available on iPhone and Android.

Best Money Saving Apps

It is easier than ever to save money when you make purchases online or in-store with these money-saving apps that give you rewards points or cashback. The best part is that you are rewarded for the expenses you make anyways.

7. Drop

Drop is a free cashback app that automatically rewards you when you shop using your registered debit or credit cards at participating retailers. It is available in Canada and the U.S.

Download the Drop app, connect your bank account, and start earning when you make purchases at your favorite retailers.

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When you make a purchase, your account is credited with points that you can redeem for various popular gift cards including Amazon, Starbucks, Gap, iTunes, Cineplex, and more.

Get more details in this Drop review.

Click to join Drop ($5 bonus).

8. Rakuten Canada

Rakuten (Ebates) is an online cashback app that rewards you whenever you shop online through their website. Rakuten has partnerships with more than 750 stores in Canada (and 2,500 in the U.S.), so it is pretty easy to earn rewards.

You can redeem your cashback through PayPal or cheque. So far, they have paid more than $1 billion to members. 

Click to join Rakuten ($10-$30 bonus after your first purchase of $30 or more).

9. STACK

The STACK Mastercard and app is a free prepaid card that triples as a cashback, budgeting, and savings app, and is great for frequent travelers. This is what it offers:

  • $0 fees
  • No foreign currency exchange fees (terms apply)
  • No ATM withdrawal fees
  • Automated savings using roundups
  • Free budgeting in-app toll that analyzes your weekly and monthly spending and provides real-time insights
  • Cashback on purchases

The STACK app is a combination of many great benefits and a useful personal finance app for Canadians. Learn more about the app and card in this STACK review.

Join STACK ($5 signup bonus when you fund your account with $300).

10. Quicken

Quicken is one of the personal finance software Canada that you can find in the market today. This unique accounting application is designed to help managers, families, and business owners manage their finances under one roof. 

Quicken has been around for almost 30 years now, with its first release occurring in 1983 by Daniel Bricklin and Bob Frankston. It was initially built on a desktop version, but it’s also available to run as an app on your mobile devices.

Quicken offers a range of tools in the following areas: budgeting, bills, accounts, and investments. For budgeting, it gives you the chance to input your purchases and income side by side so that you can better see how much money is going out compared to how much is coming in. Regarding bills, you can also see what you are constantly paying out for things, such as utilities and other similar bills. You will see how much is due as well as the money left over.

For accounting purposes, you will be able to combine your banking and credit card bills into one place to get a clearer idea of how much you’re spending.

Then you can track your investments, whether as part of your investment portfolio, savings, or 401k pension plan. This means you know how much your investments and savings are worth, although short-term fluctuations in stock markets are common and shouldn’t cause you to panic.

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.

Overall, Quicken brings your budgeting, banking, and investment reporting together into an easy-to-view dashboard. 

Pricing

  1. Starter: $35.99 for a year
  2. Deluxe: $46.79/yr
  3. Premier: $70.19/yr
  4. Home & Business: $93.59/yr  

Pros 

  • The pricing is fair
  • Good security level 
  • Works on several platforms
  • Bank account syncing is optional
  • A good user interface
  • Available on both desktop and mobile app
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Cons

  • There is a lot to learn.
  • The costs accumulate over time
  • Competitors give it a run for the money

11. PocketSmith

PocketSmith is a personal finance software Canada that helps you keep your finances in check. It lets you analyze financial trends with a built-in custom report assistant. PocketSmith offers excellent features for keeping track of all your money, including funds across multiple accounts, institutions, and credit cards.

You’ll see all of your transactions in a single dashboard so that you always feel like you’re in control of your spending. You can set up recurring reminders to remind you when bills are due, create budgets that notify you when you’re about to overspend, and generate reports that help you understand your financial standing.

Unlike many other personal finance software, PocketSmith can handle foreign currencies. You see your balance in both the base currency and the original foreign currency. It can also track investments and show you their value, even those in silver, gold, or bitcoin.

Pricing

  1. The Basic Plan is FREE. It offers manual imports, 12 budgets, two accounts, six months’ projection, but no automatic projection.
  2. Premium Plan costs $9.95 per month or $7.50 when paid annually. It offers automatic bank feeds and categorization, manual and automatic transaction importing, unlimited budgets, ten accounts, and ten years’ projection.
  3. Super Plan costs $19.95 per month or $14.16 when paid yearly. It covers all Premium features, plus unlimited accounts and 30 years’ projection.

Pros

  • Support all Canada major banks plus 62 other banks in Canada
  • Great support for multiple currencies
  • It is easy to use and user-friendly
  • It offers investing tracking

Cons

  • You cannot access your account if you lose your tablet or phone. 
  • You need to pay for the premium plan to get a cloud backup alternative.

Choosing the Right Personal Finance Software Canada

Understanding your financial goals is the first step to choosing the right personal finance software. Different software programs focus on various aspects of your finances. Some can help you track your budget, while others may focus on your expenses, net worth, or investment account. 

So know your goals and needs to decide which of the personal finance software Canada has might be the perfect option for you.

Additionally, while these companies understandably want to earn a profit, be mindful of your budget and try to use the trial version or find cheaper alternatives in the beginning.

Conclusion

Canada personal finance software is a personal accounting software package for tracking your personal finances. Canada’s best personal finance software can help you to organize your income and expenses, and also helps to set up budgets and plan for the future that’s why it has become the best Canadian personal finance software.

Canada’s personal finance software can help you better manage your money. Personal finance software offers numerous features that allow you to organize your finances and track spending to help you reach your personal financial goals. While this software won’t handle your entire budget — using a spreadsheet or special software is still recommended — it will help you track income, expenses and investments in a way that’s easy to understand.

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