Earning money is very important for every person but managing it is a big task.
How can we manage our money perfectly and track expenses to avoid a financial crisis?
Everyone must have this question in their mind. Technology comes with a great solution with the answer to this question. There are many best software for managing finances available in the market.
These best software for managing finances comes with many unique features that help you to maintain your budget, track expenses, set long term goals, invest e.t.c. some software is available for free and some are paid.
With these best software for managing finances, you can do financial planning with an organized interface. These software can be downloaded directly to PC or smartphones through an app.
Finance manager software also provides financial advice and tips to avoid any type of financial crisis.
We have done our research to find the best software for managing finances and prepared a list of Top 7 best software with advanced features.
Top 7 Best Software for Managing Finances
Quicken is the powerful and best software for managing finances. You can manage your finances with personal accounts in this software. It is also available on mobile devices so you can access them from anywhere.
This software comes with advanced tools to provide you with the ease of work. You can compare your expenses with earnings to get a full idea of your financial situation.
In a single dashboard, Quicken provides all types of tasks like budgeting, investment, reporting, banking, and billing. Best of all, you can perform all these tasks on your mobile device.
Quicken is the most used and trusted software available in the market with experience of over 30 years. It protects your privacy with 256-bit encryption so there is no need to worry about your data privacy.
As for the price and plans, Quicken comes with four types of plans which are-
• Starter – In this plan, you can create multiple accounts, budget and manage your bills. This plan will cost you $35.99/yr.
• Deluxe – You will get everything that is in starter with a customized budget, debt tracking and creating saving goals. This plan is currently available on discount which is $31.19/yr.
• Premier – In this plan, you will get access to everything in deluxe plus free online bill payment, simplify taxes & investments and priority access to customer support. It will cost you $46.79/yr on discount.
• Home & Business – You can manage personal and business both in one place. You will get extra features of your business like email custom invoices, track profit & loss. This plan will cost you $62.39/yr on discount.
Now, let’s talk about some remarkable features of this best software for managing finances.
• In Quicken, you can manage your spending easily. you can view all your accounts and transactions in one place.
• This software allows you to create a budget to reach your financial goals. It scans your transactions and creates a budget according to expenses.
• In this software, you can view and pay your bills on time. This software provides an advanced dashboard for your bills. So you never be late to pay your bills.
• Quicken gives you excel exporting so you can manipulate and perform various type of calculations on your data with accuracy.
• You can plan your retirement with a proper way in this best software for managing finances.
• This software allows you to do investment in the right direction. You can easily track and view your investment in one place.
• In its home and business plan, you can also manage the finances of your small business without purchasing another software.
• You can also do property management like track paid and outstanding rents, email reminders with the payment link to tenants, customized rent receipts.
• This best software for managing finances also provides free trial for 30 days so you can experience its services before the final purchase.
• For any help or support, Support section is available on which you can read their FAQs and talk to their team by chat or phone. Premium support is available for the higher plan.
• Easy to use
• Control budgeting and investment both
• Property management
• Available on a mobile device
• Little expensive
• Syncing problem with all banks
Mint is one of the best software for managing finances. You can effortlessly manage your finances at one place. This software provides financial advice to make smarter decisions in struggling times.
You can manage everything from balances and bills to credit score. You can easily create budgets for avoiding financial issues.
This software comes with many advanced features which will make your finance management very easy and smooth.
In this software, you don’t need to worry about the protection of your data because this software provides a high level of security to maintain your privacy.
It is also available on mobile devices so you can use it from anywhere anytime and it is compatible with Windows, Mac, iOS, Android.
As for the price, this software is free to download and available for all type of devices.
Let’s have a look at some unique features of this best software for managing finances.
• Mint is simple and free to set up on which you can easily check where your money is going.
• It allows you to track your bills in which you will get bill reminders, warnings of the low fund, bills due alerts and warnings of unusual spending.
• This software provides daily budget planner by which you can manage your money and meet budget goals. It scans your spending and creates a perfect budget for you.
• You can also check your free credit score for unlimited times in this software. No credit card will be required for this task.
• This software comes with many types of alerts like ATM fees, unusual spending, over budget, suspicious transaction.
• You can easily categorize your budget with more than 100 categories for better understanding and use.
• In this software, you can track your investments and portfolio at one place. It will help you to catch hidden fees with investment tracking.
• Mint is dedicated, trusted and protected software on which many security features are available like password protect, multi-factor authentication e.t.c. to protect your data. In case of lost devices, you can also delete your account remotely.
• This software is available for free download on both Windows and mobile device.
• In Mint resources, you can find any type of tips related to loan repayment, budgeting, personal finance, saving money, money management and financial goals.
• In their help centre, You can ask for any type of help or support.
• Free to download
• Easy to use
• Free tips for financial management
• Free but with many advertisements
YNAB or You Need A Budget is one of the best software for managing finances. This software teaches you to manage your money without any type of loss. You can make smarter decisions by its advanced features to control your budget for future savings.
You can create a daily budget as well as manage your daily finances. This software also provides various tutorials to help you with your challenging situations.
It is available for Windows, Mac, iPhone, Android, iPad, Alexa, Apple watch and web to manage your finances.
As for the pricing, YNAB comes with two types of plans which is-
• Monthly Plan – This plan will be billed monthly and you can cancel it anytime. It will cost you $11.99/month with no savings.
• Annual Plan – It is a onetime payment and billed annually. You can cancel it anytime whenever you want. This will cost you $84/year with $59 savings.
YNAB provides a 100% money-back guarantee if you are not satisfied with their services. They will offer a full refund of your amount.
Now let’s have a look at some advanced features of this best software for managing finances.
• In YNAB, you will get access to real-time information and also share finances with your partner.
• You can set your financial goad and track it in this software.
• This software allows reading and maintaining your reports to check progress.
• YNAB offers free, live online workshops every week to support you.
• This software automatically links your bank account for the analysis of your expenses and maintain your budget.
• It also gives warning of overspending or any unusual transactions to protect your finances.
• This software comes with a high level of security to maintain your privacy and prevent loss of any data.
• It offers 34 days free trial on which you can get an experience of services providing by YNAB.
• For any help or support, many self-help options are available in this software as well as you can also contact support by sending messages.
• Easy to use
• Free workshops
• 34 days of a free trial
• Automatically links the bank account
• No investment tracking available
• No bill tracking available
4. Money Dashboard
Money Dashboard is one of the most useful and best software for managing finances. You can see every bank account details in a single place with a single software.
This software will track your spending and helps you to maintain your budget.
This software will give complete details of your finances and set a financial goal. It will help you to reach that goal by maintaining your budget.
Money Dashboard is also available on App like Web, Android and iOS for free. You can access your data from anywhere anytime.
Let’s read out some important features of this best software for managing finances
• Money dashboard provides bank connections with more than 40 UK banks to instantly retrieve balance details and transactions.
• It helps you to analyze balance after paying bills so you can be ready until payday.
• You can see all your subscriptions and bills at one place for avoiding any type of confusion.
• This software provides spend tracker which will track all of your spending and expenses.
• You can easily create a budget by analyzing your expenses in Money Dashboard.
• In this software, you can know predicted balance which will help you to control unnecessary expenses.
• This software provides bank-level security to maintain your privacy.
• You can set your financial goals like buying a house, pay off debt, save for the wedding and grow my savings, e.t.c. in this software.
• Money dashboard is available for free so you can easily access it on the web or mobile devices.
• For any kind of help or support, you can access their help section or contact them on mobile phone and email id.
• Easy to Understand
• Bank-level security
• 4-5 day buffer during a transaction
5. Personal Capital
Personal capital is the best software for managing finances so you can take full control over your financial situation. It allows you to organize and manage your finances in one place.
You can add every type of financial documents or platform like Bank accounts, investment accounts, credit accounts in this single software.
This software also provides personalized financial advice according to your situation. You can easily track your finance and investment in this user-friendly software.
It is best for tax optimization, high net worth investors, free financial management tools and financial advisors.
As for the price, Personal capital is available for free to all users. Yes! It’s true, this software is free with many advanced features that paid software don’t have.
Let’s find out some remarkable features of this best software for compressing files
• Personal capital provides a free portfolio review by which you can track your goals. For availing this service, you have to sign up on this software and connect $100,000 investable assets.
• This software will help you to calculate your net worth by reviewing all your investments, credit accounts, bank accounts and retirement accounts.
• It provides an easy to use budgeting tool so you can keep a track of your expenses and do some savings for the future.
• In personal capital, you will see all your accounts in a single dashboard so there will be less effort from your side.
• This software also comes with savings planner so you can do some planning for future savings like retirement, buying house or vehicle, wedding or any emergency.
• It helps you to plan your retirement by its retirement planner tool.
• Personal capital provides fee analyzer by which you can know the cost of your retirement plan.
• In this software, you will get a dedicated personal advisor who will guide you while meeting your goals. You will also get help in reviewing the portfolio and making important decisions.
• This software also provides a high level of security to keep your data safe and secure.
• For any help or support, you can easily get access to their help section.
• Easy to use
• Investment checkups
• Experienced financial advisor
• Budget tools need improvement
• Free users will get many calls from them to purchase the paid version
HomeBank is a very affordable and best software for managing finances. It is free software that provides many features for managing your financial accounts.
This software can analyze your budget and finance by filter and charts.
This software has been translated over 56 languages with 22 years of experience. It is compatible with various types of operating systems like Windows, Linux, FreeBSD, macOS, Android.
You can easily keep a track of your budget, expenses and transactions in this single software for free. This software allows you to generate various reports.
This can be a little difficult to new users but if you are already familiar with these things you can easily use it.
Let’s find some main features of this best software for managing finances.
• HomeBank allows you to easily import and export data with various formats like OFX, CSV, QIF, QFX.
• This software can detect the duplicate transaction and inform you about the same.
• In account summary, various types of accounts like Bank, Asset, Cash, credit e.t.c. can be grouped.
• You can schedule transaction in this software for avoiding any late pay bills. It also allows you to split transactions into many categories.
• This software provides dynamic reports with 2D charts so you can easily understand all the information.
• In Homebank, You can adjust the report with the use of presets for getting good and accurate results.
• Many types of charts are available in this software like bar, pie and lines to make attractive and organized reports.
• You can set a budget with different categories of the same or different amount per month and also export budget to CSV files.
• HomeBank also provides investment management where you can view your investments and track them.
• For any help or support, you can access their help section or read FAQs.
• Free to use
• Scheduled transactions
• Split transactions
• Attractive charts
• Not available on mobile
• Little difficult for new users
MoneyDance is the most powerful and best software for managing finances. It comes with many advanced and handy features which allows you to maintain and control your finances.
You can perform many tasks like bill payment, investment tracking, account management, online banking and budgeting in this software.
This software is fully compatible with Windows, macOS, Linux, iOS and Android. So you can do your work from mobile also for avoiding any issues.
As for the price, This software comes with a plan which you can purchase from their online secure store. This subscription plan will cost you $49.99 for any version.
Here are some major features of this best software for managing finances
• In Moneydance, you can do online banking. It helps you to automatically download transactions and send payments online.
• You can get the whole summary of your accounts at a single place like account balances, overdue and upcoming transactions, reminders.
• This software allows you to generate visual reports of your income and expenses by its graphic tool. It will make your reports more attractive and easy to understand.
• Moneydance provides account registers where you can enter, edit or delete any transaction. You can also categorize your transaction by this feature.
• You can set a reminder for payment so there will be no delay in payment.
• This software helps you to manage your investments. You can view the total amount of your investment accounts, stocks, and mutual funds.
• Moneydance offers a free trial so you can understand their concept before making any purchase.
• You can create a budget and maintain it while using this best software for managing finances.
• This best software for managing finances provides high security with password protection so your data will be safe and secure.
• For any help or support, you can go their help section or read FAQs.
• Easy to check the budget
• Bill pay and reminders
• Free trial
• Transferring data can be difficult
Best Software for Managing Finances FAQs (Frequently Asked Questions)
Q1. What is Finance management software?
Finance management software helps you to manage your accounts, budgets, transactions, investments and pay utility bills from a single place. These best software for managing finances also helps you to plan your retirement and get financial advice for future savings.
Q2. Do I need finance management software?
Yes, Absolutely. If you are earning money then it is very important to spend it in the right direction and save it. Planning is something that everyone wants to do in their life. Managing finances is a tough task but with these software, it’s not.
Q3. What is the difference between Free and paid finance management software?
There is a huge difference between Free and paid finance management software. In the free version, you can manage your finances and accounts with basic features. In the paid version, you can perform additional tasks with their advanced features. But wait there’s more, some free software also gives you a better platform to manage your finances. So always check features before making any decision.
Q4. Is Finance management software worth to buy?
Yes. These software will help you to meet your financial goal in a single amount. You can plan your budget, track expenses and maintain security. Some software informs you about the unusual transaction or overdue budget so you can easily keep an eye on them.
Q5. How can I choose the best software for managing finances?
We have done a lot of research for you to find the best software for managing finances and prepared a list of Top 7 best free and paid software. You can read their features and choose them according to your requirements. Here’s a deal, If you are a new user and want to experience services of the best software for managing finances, go for a free version.