| Financial experts agree that personal finance | | | | from your bank, set up repeating expenses, offers |
| software can help you reduce “financial | | | | unlimited user-defined categories, charts, and other |
| stress”. Financial planning helps you keep track of | | | | reports. A great advantage is their automation, so |
| your expenses and income, plan wise money-saving | | | | you don’t need to repeat data entry. |
| strategies, gives you control over your money, | | | | Setting up YNAB personal finance software is fast |
| peace of mind, and saves you time. | | | | and easy and they offer great support such as online |
| These budget software reviews provide information | | | | tutorials, a wiki, user forum, online user manual, a |
| to help you decide which personal finance software is | | | | FAQ section, and FREE online coaching through |
| better for your needs. | | | | webinars. After you set up your starting budget, you |
| Mvelopes – uses an envelope budget system | | | | can easily import information from your banks, |
| where you save part of your income periodically | | | | schedule payments and tasks, create charts, and |
| (by-weekly or monthly) to pay future bills and stay | | | | other reports to organize your finances. |
| within your budget. You create spending categories | | | | Summary: YNAB comes with 5 bonus spreadsheets, |
| called “envelopes” which you set up for your | | | | auto-suggest budgeting and The YNAB Way eBook |
| various expenses. Mvelopes focuses more on | | | | FREE. Disadvantages: Currently is not available for |
| budgeting your money than most other personal | | | | Macs, though you can run it on an emulator. |
| finance software programs. | | | | Quicken Deluxe – combines data from your bank |
| Their application is website-based, so you don’t | | | | account, investments, and monthly bills into a single |
| need to download any personal finance software on | | | | database so you can better organize your financial |
| your computer. This allows you to share financial | | | | planning. This personal finance software includes many |
| planning with another person, such as your spouse | | | | solid tools to help you create your monthly budget, |
| and this also causes less tech support problems. This | | | | pay your debts, allocate regular savings, manage your |
| envelope system includes features such as FREE | | | | investments and plan your retirement. |
| online bill pay service, automatic monthly income | | | | Their personal finance software is very good for |
| allocation to your spending accounts, and links to | | | | tracking and analyzing your expenses and this is a big |
| more than 14 thousand financial institutions. | | | | help at tax time. It provides you with comprehensive, |
| Summary - Mvelopes is particularly useful for people | | | | searchable help topics even with no Internet |
| who travel frequently and want web access to their | | | | connection. Quicken Deluxe offers access to most |
| financial planning. Disadvantages: There is only one | | | | major banks so you can download your statements |
| savings category, it has quarterly and yearly fees, | | | | automatically online. You can set up automatic data |
| and is more elaborate than other personal finance | | | | downloads at a specific time each day; however you |
| software systems, so it takes longer to learn. | | | | must close it to run scheduled updates. |
| You Need A Budget – By using their four sound | | | | Summary: Your impression of Quicken Deluxe |
| financial principles, you’ll never find yourself in | | | | personal finance software will depend on the |
| financial trouble. Their personal finance software is | | | | compatibility between your bank (and other financial |
| user-friendly and allows you to import information | | | | institutions) system, and Quicken’s data access. |