Personal finance software isn’t just for investment managers. Anyone who wants to know how to improve their financial situation, reduce debt and plan for retirement can use personal finance software. It’s an incredibly easy way to track your spending and net worth over time.
Personal finance software is a crucial piece of your money management puzzle. A good personal finance software with bill pay is an effective way to track your spending and investments, whether you’re using it for personal use or to manage the finances of a small business.
Personal finance software is an important tool when managing your money and keeping track of your budget. Personal finance software can help you manage your money more effectively by providing a one-stop place to enter all transactions. It’s easy to use, and usually has many helpful ways to stay organized by categories, such as rent or utility bills, food expenses, taxes and more.
Best personal finance software with bill pay is a significant feature of any money management system. Best personal finance software with bill pay is designed to help you view the status and activity of your accounts and debts, as well as their impact on you financial situation. This allows you to create a strategy for saving more money, earning more money or paying down your debt.
Personal Finance Software
Personal Finance Software will let you set the goals for the future and provide an in-depth picture of your position. It offers a facility to monitor the bank accounts, credit cards, loans, and investment balances in one platform.
If we compare the online vs desktop personal finance software then the online tools provide more security, there will not be any software installation, and you will get automatic software updates. Fact Check: Personal Finance Software offers several benefits like tracking & analyzing investments, no late payments, monitoring credit scores, etc. According to Allied Market Research, the market size of Personal Finance software is expected to grow to $343 million by 2026 for the US region. It is growing at a CAGR of 5% from 2019 to 2026.
The below image will show the statistics for the market size for Personal Finance Software for the period 2020 to 2024.
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Pro Tip: While choosing the Personal Finance Software you can consider multiple factors like spending reports, free credit score, account restrictions, cost, etc. but the most important factor is that the tool should be able to sync with your bank and credit card accounts. The final selection of the tool is completely based on your requirements like all-purpose, budgeting, investing, taxes, saving, bill management, etc.
General Features Of Personal Finance Software
While choosing the software, you can also look for the below-mentioned features.
- Mobile App
- Bank-level Security
- Real-time updated information
- Categorization of transactions
- Financial accounts in one place.
- Setting of goals
- Tracking of goals and spending.
- Reports on your performance.
- Balance forecast
- Tool’s personalization capabilities.
Precautions To Use Online Money Management Apps
Three measures should be taken while using the online money management app i.e. look for the tool’s security features, its data backup policy, and see if it has a strong password. A strong password provides good security as it is not controlled by the provider of Personal Finance Software.
How Does The Personal Finance Software Work?
The online Personal Finance Software works by storing your financial data on their servers. This gives you an advantage over storing data on desktop computers as it can be easily hacked.
Some advanced online solutions provide the highest level of security. They encrypt your data and show it in a non-readable format. A good tool provides firewall protection for filtering the network traffic and preventing malicious attacks.
List Of The Best Personal Finance Software
Here is the list of popular Budgeting Software available in the market:
- Mint
- Honeydue
- Mvelopes
- PocketGuard
- EveryDollar
- Moneydance
- Money Dashboard
- GnuCash
- Quicken
- YNAB
- BankTree
- Personal Capital
Comparison Of Top Budgeting Software
| Name | Best for | Type | Platforms | Free Trial | Price |
|---|---|---|---|---|---|
| Intuit Mint | Online Accounting | Web-based & mobile app. | Web-based, Android & iOS. | No | Free |
| Honeydue | Couples to manage Finances. | Mobile app | Android & iOS | No | Free |
| Mvelopes | Envelope budgeting system. | Web-based & Mobile app. | Web-based, Android, & iOS. | Available for 30 days. | The price starts at $5.97 per month. |
| PocketGuard | Categorization & organization of your expenses. | Web-based & Mobile App. | Android & iOS | No | Free plan & Plus Plan. |
| EveryDollar | Creating a monthly budget & track spending. | Web-based & mobile app. | Web-based, Android, & iOS. | Available for 14 days. | It starts at $59.99 for 3 months. |
#1) Intuit Mint
Best for online accounting.
Intuit Mint is the platform for personalized insights, custom budgets, spend tracking, and monitoring subscription. It supports Android and iOS devices. You can add your cash, credit cards, bills, and investments to the tools to track the money easily. It will categorize bank transactions and provide safety and security to your data.
Suggested reading =>> Top Alternatives to Mint
Features:
- Mint is a platform with a budget planner and credit monitoring.
- In a budget planner, you can add and update the categories as per your requirement easily.
- For securing the data, it has various features like safeguarding the mobile app with a 4-digit code, multi-factor authentication, etc.
- It automatically finds the savings that are missed.
- It can track the bills to help you without missing them.
Verdict: Intuit Mint is a trusted, protected, and dedicated platform to manage your finances. It will help you stay focused on your financial goals. It is a platform for all accounts in one place and offers the functionalities of bill payment tracker, budgeting goal tracker, free credit score, budget alerts, investment tracker, etc.
Price: Intuit Mint is available for free.
Website: Intuit Mint
#2) Honeydue
Best for couples to manage finances.
Honeydue is an application that helps couples to manage their finances together. It is a smart tool that provides instant notification and real-time balances & budgets for each partner. It is a collaborative tool. It is a secure platform and offers real-time card locks functionality. It offers 24*7 fraud protection.
Features:
- Honeydue has the features to access cash from more than 55,000 surcharge-free ATMs, Apple, and Google Pay.
- With Honeydue joint bank account, the couples will be able to bank together.
- Honeydue supports multiple languages.
- It provides reminders for bills.
Verdict: Honeydue is a mobile application that will let couples collaborate on their terms. It offers the functionalities for tracking all the accounts, coordinating bills, and chatting. Honeydue is working on automatic bill payment features too.
Price: Honeydue is available for free.
Website: Honeydue
#3) Mvelopes
Best as an envelope budgeting system.
Mvelopes offers an envelope budgeting system with three editions i.e. Basic, Premier, & Plus. The app is available for Android and iOS devices. It will let you connect with an unlimited number of accounts.
With all three editions, you will get access to live chat & knowledge base, interactive reports, and auto transaction importing & account balance monitoring.
Features:
- The basic edition will let you connect your bank accounts and create an online envelope budget.
- With the Premier and Plus plan, you will get access to Mvelopes learning center, debt reduction center, and initial setup assistance.
- For the Plus plan, Mvelopes offers the features like a dedicated personal coach, a personalized financial plan, and high-level priority support.
Verdict: This envelope budgeting system will help you gain financial peace of mind. It is a simple and affordable budgeting program. With Mvelopes, you will be able to manage your finances from anywhere.
Price: Mvelopes offers a free trial for 30 days. Basic ($5.97/month or $69 per year), Premier ($9.97 per month or $99 per year), & Plus ($19.97 per month or $199 per year).
Website: Mvelopes
#4) PocketGuard
Best for categorization & organization of your expenses.
PocketGuard is the tool that will help you with categorizing and organizing expenses. It will categorize and organize your expenses into tabs and graphs. It will set aside the money for bills, goals & necessities and give you a clear view of spendable money. You can link all your bank, credit cards, and loans & investment in one platform.
Features:
- PocketGuard has features to personalize the reports with custom categories and hashtags.
- It provides the feature of AutoSave that will automatically grow your savings. You just have to enter your goal of saving and the tool will handle the rest.
- It will track the bills and negotiate better deals for cell phone bills, cable bills, etc.
Verdict: PocketGuard will help you with optimizing your spending and thereby grow your savings. You can see all accounts in one place and will be able to keep track of your account balances, net worth, etc.
Price: PocketGuard offers a free plan and a Plus plan. You can get a quote for its pricing details. As per the reviews, it may cost you $3.99 per month or $34.99 per year.
Website: PocketGuard
#5) EveryDollar
Best for creating a monthly budget & tracking your spending.
EveryDollar is a budgeting app with the functionalities to create a monthly budget, save money, and track spending. You can enter your monthly income, make a plan, and track spending by creating a transaction. It is accessible through a web and mobile app. The mobile app is available for iOS and Android devices.
Features:
- EveryDollar provides a customizable template to help you with planning your expenses.
- You can track your spending according to your plan.
- Every time you spend money you can create a transaction and this helps you to track spending.
Verdict: EveryDollar is an all-in-one budgeting guide that is accessible from anywhere. It will let you track your expenses and save more. This easy-to-use app will help you with achieving your goals.
Price: You can try the app for free for 14 days. EveryDollar offers the solution with three pricing plans i.e. 3 months ($59.99), 6 months ($99.99), and 12 months ($129.99).
Website: EveryDollar
#6) Moneydance
Best for personal finance management.
Moneydance is an application for personal finance. It supports Windows, Mac, Linux, Android, and iOS platforms. It has the capabilities of online banking, bill payment, account management, budgeting, and investment tracking.
It supports multiple currencies. It provides a summary of your finances that includes account balances, upcoming and overdue transactions, reminders, etc.
Features:
- Moneydance has features for downloading transactions and sending payments online. For this, it supports a lot of financial transactions.
- It provides the facility to create graphs and reports for your income and expenses.
- It has Account Registers for entering, editing, and deleting transactions in an account.
Verdict: Moneydance is a personal finance software that is easy to use. It provides all the features required to manage personal finances. It will easily handle any financial task. Moneydance has various functionalities including online banking and setting up reminders for payments.
Price: Moneydance offers a free trial. You can buy the tool for $49.99. It has a 90-day money-back guarantee.
Website: Moneydance
#7) Money Dashboard
Best for budgeting and growing the savings.
Money Dashboard is a budgeting app that provides the functionalities to manage all your accounts. It supports more than 40 banks and providers. It offers the functionalities to transfer money and create offline accounts. It can be used on a laptop, tablet, or phone.
Features:
- Money Dashboards will automatically categorize your spending so that you will get to know where the money goes.
- It has functionalities to track bills, payday countdown, and predicted balance.
- To provide you security, it follows the best in class practices like FCA authorized & regulated and bank-level security.
Verdict: Money Dashboard is a secure platform with capabilities of bank connections, budgets, balance after bills, bills & subscriptions, tracking your spending, etc.
Price: Money Dashboard is available for free.
Website: Money Dashboard
#8) GnuCash
Best for personal finance and ease of use.
GnuCash is the accounting software for personal use as well as for small businesses. This financial accounting software supports multiple platforms Windows, Linux, Solaris, Mac, BSD, etc. The software is intuitive and based on professional accounting principles.
For small businesses, it offers the functionalities of customer & vendor tracking, jobs, invoicing & bill payment, tax & billing terms, etc.
Features:
- GnuCash provides the features of double-entry accounting, small-business accounting, reports, and graphs.
- It has features for Stock/Bond/Mutual Fund Accounts.
- It offers functionalities like QIF/OFX/HBCI Import and Transaction Matching.
- It has features for scheduled transactions and financial calculations.
Verdict: GnuCash is an easy-to-use and powerful platform. This personal financial accounting software offers the functionalities of tracking bank accounts, stocks, income, and expenses.
Price: GnuCash is available for free.
Website: GnuCash
#9) Quicken
Best for money management & personal finance.
Quicken is a personal finance and money management software. That will help you with managing spending, budgets, investments, retirement, etc. It will categorize your expenses automatically. Quicken provides 256-bit encryption security. Your data will be transmitted securely with robust encryption.
Features:
- Quicken has a bill center dashboard and a facility to download a PDF of bills.
- With Deluxe and premier plans, it offers the features of loan, investment, and tax planning.
- Quicken Bill Manager offers the features of bill tracking and bill pay.
- Quicken’s key features include keeping finance up-to-date, searching transaction history, checking investment performance, and viewing balances, budgets, accounts, & transactions, etc.
Verdict: With Quicken, you will be able to manage your money on desktop, web, and mobile platforms. It is a secure place that will let you see all the bank and credit card accounts in one place.
It will give you a complete financial picture at a glance. In one place you can view banking, investment, retirement, credit card accounts, etc.
Price: Quicken offers the four pricing plans for Windows PC i.e. Starter ($35.99 per year), Deluxe ($46.79 per year), Premier ($70.19 per year), and Home & Business ($93.59 per year). For the Mac platform, it has three plans i.e. Starter, Deluxe, and Premier. It offers a 30-day money-back guarantee.
Website: Quicken
#10) YNAB
Best for personal budgeting.
YNAB is an acronym for You Need A Budget. It is personal budgeting software. It supports Windows, Mac, and iOS platforms. It provides the features of bank syncing, goal tracking, real-time updates, reports, and personal support.
Features:
- YNAB supports multiple currencies.
- It gives you real-time information from any device.
- It provides the features of goal tracking.
- It can provide reports on your progress.
Verdict: YNAB is an easy-to-use software that provides the four rules to help you with budgeting. The tool will guide you on the management of money. It will give you complete control over your money.
Price: A free trial is available for 34 days. YNAB offers monthly ($11.99 per month) as well as annual plans ($84 per year).
Website: YNAB
Additional Personal Finance Software
#11) BankTree
BankTree is a personal finance software that can be used on desktop, web, and mobile. It provides easy-to-use money management features. You can try the tool for free. Its price starts at $40.
It has the capabilities of accounts, investments, and reports. It will let you track your investments. BankTree is suitable for personal use as well as for small businesses.
Website: BankTree
#12) Personal Capital
Personal Capital is a financial planning and wealth management tool that provides online financial management tools and wealth management services. You will get a 360-degree view of your money with this tool.
It will let you see all your accounts in one place. It provides planning and analytic tools. The app is available for iOS and Android devices.
Website: Personal Capital
Conclusion
Personal finance software with bill pay is a powerful tool for managing your finances. They bundle together all of your accounts, including bank accounts and credit cards. Easy personal finance software can help you manage where and how to place your hard-earned money.
Personal finance software with bill pay used to be hard to find, but not anymore. Personal finance software is needed by both individuals and small businesses if they want to control their finances and make the most of their money. There are many types of personal finance software, including online and downloadable versions. The easiest personal finance software with bill pay has a variety of features including a check writer, statements and reports, graphs, e-mail notifications and reminders, budgeting tools and even savings tips.