We compare and review personal finance software. It's what we do.


Personal finance software

Is the constant worry over money stressing you out and causing problems in your family? Do you live paycheck to paycheck, trying to make ends meet? If you are tired of worrying about how you’re going to pay your bills, you need some help in the form of personal finance software.

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 What to look for

Personal finance software comparison chart for 2017

Rank 1 2 3 4 5 6 7 8
BankTree
Home Accountz
mvelopes
AceMoney
Excellent
Five stars means excellent
Very good
Four stars means very good
Good
Three stars means good
Average
Two stars means average /
Poor
One star means poor
You Need A Budget has been awarded best buy Product image of you need a budget Product image of buxfer Product image of quicken deluxe Product image of moneydance Product image of banktree Product image of home accountz Product image of mvelopes Product image of acemoney
 
 
 
Ratings
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Overall
you need a budget has a rating of one  overall buxfer has a rating of one  overall quicken deluxe has a rating of one  overall moneydance has a rating of one  overall banktree has a rating of one  overall home accountz has a rating of one  overall mvelopes has a rating of one  overall acemoney has a rating of one  overall
Accounts
you need a budget has a rating of one  accounts buxfer has a rating of one  accounts quicken deluxe has a rating of one  accounts moneydance has a rating of one  accounts banktree has a rating of one  accounts home accountz has a rating of one  accounts mvelopes has a rating of one  accounts acemoney has a rating of one  accounts
Budgeting
you need a budget has a rating of one  budgeting buxfer has a rating of one  budgeting quicken deluxe has a rating of one  budgeting moneydance has a rating of one  budgeting banktree has a rating of one  budgeting home accountz has a rating of one  budgeting mvelopes has a rating of one  budgeting acemoney has a rating of one  budgeting
Reporting
you need a budget has a rating of one  reporting buxfer has a rating of one  reporting quicken deluxe has a rating of one  reporting moneydance has a rating of one  reporting banktree has a rating of one  reporting home accountz has a rating of one  reporting mvelopes has a rating of one  reporting acemoney has a rating of one  reporting
Mobile app
you need a budget has a rating of one  mobile app buxfer has a rating of one  mobile app quicken deluxe has a rating of one  mobile app moneydance has a rating of one  mobile app banktree has a rating of one  mobile app home accountz has a rating of one  mobile app mvelopes has a rating of one  mobile app acemoney has a rating of one  mobile app
Security
you need a budget has a rating of one  security buxfer has a rating of one  security quicken deluxe has a rating of one  security moneydance has a rating of one  security banktree has a rating of one  security home accountz has a rating of one  security mvelopes has a rating of one  security acemoney has a rating of one  security
Help & Support
you need a budget has a rating of one  help & support buxfer has a rating of one  help & support quicken deluxe has a rating of one  help & support moneydance has a rating of one  help & support banktree has a rating of one  help & support home accountz has a rating of one  help & support mvelopes has a rating of one  help & support acemoney has a rating of one  help & support
Accounts
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Syncing to bank accounts (Checking, saving & loans)
you need a budget  syncing to bank accounts (checking, saving & loans) buxfer  syncing to bank accounts (checking, saving & loans) quicken deluxe  syncing to bank accounts (checking, saving & loans) moneydance  syncing to bank accounts (checking, saving & loans) banktree  syncing to bank accounts (checking, saving & loans) home accountz  syncing to bank accounts (checking, saving & loans) mvelopes  syncing to bank accounts (checking, saving & loans) acemoney  syncing to bank accounts (checking, saving & loans)
Syncing to credit card accounts
you need a budget  syncing to credit card accounts buxfer  syncing to credit card accounts quicken deluxe  syncing to credit card accounts moneydance  syncing to credit card accounts banktree  syncing to credit card accounts home accountz  syncing to credit card accounts mvelopes  syncing to credit card accounts acemoney  syncing to credit card accounts
Track investments
you need a budget  track investments buxfer  track investments quicken deluxe  track investments moneydance  track investments banktree  track investments home accountz  track investments mvelopes  track investments acemoney  track investments
Track loans
you need a budget  track loans buxfer  track loans quicken deluxe  track loans moneydance  track loans banktree  track loans home accountz  track loans mvelopes  track loans acemoney  track loans
Spending by category
you need a budget  spending by category buxfer  spending by category quicken deluxe  spending by category moneydance  spending by category banktree  spending by category home accountz  spending by category mvelopes  spending by category acemoney  spending by category
Manually upload statements
you need a budget  manually upload statements buxfer  manually upload statements quicken deluxe  manually upload statements moneydance  manually upload statements banktree  manually upload statements home accountz  manually upload statements mvelopes  manually upload statements acemoney  manually upload statements
Budgeting
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Set limits on your spending
you need a budget  set limits on your spending buxfer  set limits on your spending quicken deluxe  set limits on your spending moneydance  set limits on your spending banktree  set limits on your spending home accountz  set limits on your spending mvelopes  set limits on your spending acemoney  set limits on your spending
Schedule future expenses?
you need a budget  schedule future expenses? buxfer  schedule future expenses? quicken deluxe  schedule future expenses? moneydance  schedule future expenses? banktree  schedule future expenses? home accountz  schedule future expenses? mvelopes  schedule future expenses? acemoney  schedule future expenses?
Set weekly, monthly spending limits
you need a budget  set weekly, monthly spending limits buxfer  set weekly, monthly spending limits quicken deluxe  set weekly, monthly spending limits moneydance  set weekly, monthly spending limits banktree  set weekly, monthly spending limits home accountz  set weekly, monthly spending limits mvelopes  set weekly, monthly spending limits acemoney  set weekly, monthly spending limits
Exceed budget alerts
you need a budget  exceed budget alerts buxfer  exceed budget alerts quicken deluxe  exceed budget alerts moneydance  exceed budget alerts banktree  exceed budget alerts home accountz  exceed budget alerts mvelopes  exceed budget alerts acemoney  exceed budget alerts
Upcoming bill alerts?
you need a budget  upcoming bill alerts? buxfer  upcoming bill alerts? quicken deluxe  upcoming bill alerts? moneydance  upcoming bill alerts? banktree  upcoming bill alerts? home accountz  upcoming bill alerts? mvelopes  upcoming bill alerts? acemoney  upcoming bill alerts?
Create a budget
you need a budget  create a budget buxfer  create a budget quicken deluxe  create a budget moneydance  create a budget banktree  create a budget home accountz  create a budget mvelopes  create a budget acemoney  create a budget
Create custom plan to reduce debt.
you need a budget  create custom plan to reduce debt. buxfer  create custom plan to reduce debt. quicken deluxe  create custom plan to reduce debt. moneydance  create custom plan to reduce debt. banktree  create custom plan to reduce debt. home accountz  create custom plan to reduce debt. mvelopes  create custom plan to reduce debt. acemoney  create custom plan to reduce debt.
Forecast estimates
you need a budget  forecast estimates buxfer  forecast estimates quicken deluxe  forecast estimates moneydance  forecast estimates banktree  forecast estimates home accountz  forecast estimates mvelopes  forecast estimates acemoney  forecast estimates
Reporting
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Net Worth?
you need a budget  net worth? buxfer  net worth? quicken deluxe  net worth? moneydance  net worth? banktree  net worth? home accountz  net worth? mvelopes  net worth? acemoney  net worth?
Cash Flow?
you need a budget  cash flow? buxfer  cash flow? quicken deluxe  cash flow? moneydance  cash flow? banktree  cash flow? home accountz  cash flow? mvelopes  cash flow? acemoney  cash flow?
Spending tracker
you need a budget  spending tracker buxfer  spending tracker quicken deluxe  spending tracker moneydance  spending tracker banktree  spending tracker home accountz  spending tracker mvelopes  spending tracker acemoney  spending tracker
Credit score?
you need a budget  credit score? buxfer  credit score? quicken deluxe  credit score? moneydance  credit score? banktree  credit score? home accountz  credit score? mvelopes  credit score? acemoney  credit score?
Mobile App
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Mobile devices? Apple & Android.
you need a budget  mobile devices? apple & android. buxfer  mobile devices? apple & android. quicken deluxe  mobile devices? apple & android. moneydance  mobile devices? apple & android. banktree  mobile devices? apple & android. home accountz  mobile devices? apple & android. mvelopes  mobile devices? apple & android. acemoney  mobile devices? apple & android.
Security
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128-bit bank-level encryption
you need a budget  128-bit bank-level encryption buxfer  128-bit bank-level encryption quicken deluxe  128-bit bank-level encryption moneydance  128-bit bank-level encryption banktree  128-bit bank-level encryption home accountz  128-bit bank-level encryption mvelopes  128-bit bank-level encryption acemoney  128-bit bank-level encryption
256-bit military-level encryption
you need a budget  256-bit military-level encryption buxfer  256-bit military-level encryption quicken deluxe  256-bit military-level encryption moneydance  256-bit military-level encryption banktree  256-bit military-level encryption home accountz  256-bit military-level encryption mvelopes  256-bit military-level encryption acemoney  256-bit military-level encryption
Help & Support
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Telephone support
you need a budget  telephone support buxfer  telephone support quicken deluxe  telephone support moneydance  telephone support banktree  telephone support home accountz  telephone support mvelopes  telephone support acemoney  telephone support
Email support
you need a budget  email support buxfer  email support quicken deluxe  email support moneydance  email support banktree  email support home accountz  email support mvelopes  email support acemoney  email support
Live chat
you need a budget  live chat buxfer  live chat quicken deluxe  live chat moneydance  live chat banktree  live chat home accountz  live chat mvelopes  live chat acemoney  live chat

Personal finance software explained

Many people fall into the trap of living beyond their means, piling up debt and facing the constant stress associated with managing – or mismanaging – their money. If you’re one of these people, or you simply want to keep a better track of where your money goes, you can benefit from cash flow management software.

The traditional ways of managing a household budget range from balancing check books by hand, through to excel spreadsheets, to keeping shoeboxes full of receipts and IOUs. But technology now exists to help you manage your finances more conveniently and more effectively. Personal finance software puts your finances in front of you where you can clearly see them. You can collect all your financial information in one place, from bank accounts to credit cards and investment accounts.

When you can see where your money is going you can make smarter financial decisions. Using the tools provided in a personal finance management package you can set and manage a household budget, get control of your finances so you don’t miss bill payments, and pay off your debts. Studies have shown that people who regularly monitor their money end up wealthier than those who don’t. And when you have all your financial data in one place you gain peace of mind and clarity.

If you’re one of the millions of people who look at their paycheck at the beginning of the month, feel relieved by the amount that’s there and go out for an expensive steak dinner, only to discover at the end of the month that you owe car insurance, you can benefit from personal finance software.

Use the program to create a simple budget where you allocate your funds to specific purposes like groceries, car insurance, rent, entertainment, etc. You can set spending limits in each category to ensure you don’t spend more than you earn, and even set aside money for a rainy day. Good personal finance software gives you a visual representation of how much money you have spent, and what you have spent it on.

Run reports to show your spending habits, and use these reports to create long term financial goals. Perhaps you want to save for an anniversary vacation, or pay off your credit card debt. Personal finance software also allows you to manage your investments and record expenses on-the-go using a mobile app.

What to look for in personal finance software

Before you sign up with a personal finance program or purchase your financial management software, understand that it will take a little time to get used to the features in the program and also the methods behind the money management system in each package. Remember too that you do need a certain amount of self-discipline and the commitment to stick to a budget. Personal finance software requires an initial time investment to set up and learn, but the program you choose should be easy to use and simple to navigate. A personal finance software package should save you time and stress – not create it. Here’s what to look for when comparing programs.

Accounts

A good personal finance package allows you to centralize and monitor different accounts so you have all your financial data in one place. You know how it is; you start the month thinking you’re flush with cash because your balance stays high, but you forget that you paid the house insurance on your credit card until it is taken out of your checking account in the middle of the month. You need to be able to see exactly where you are spending money so you know how much you have left. Consolidating separate accounts gives you power over your finances.

You should be able to sync with your financial institutions and have them give you real-time access to your data. Many budgeting software programs link direct to online banking and your transactions are automatically downloaded. Or you can import bank statements and reconcile your transactions manually. In either case it should be quick and easy to enter transactions and keep your accounts up to date.

Budgeting

Personal finance software helps you set up a budget for your monthly spending. Using the program you split the money you have in the bank between categories like rent, insurance, cell phone, gas, etc. Choose a program where you can set your own categories depending on your needs, and one that allows you to change your budgets as you go, allowing for unexpected changes. For example, if you need to spend more money on the car because it needs an oil change this month, you can move some money from a category that is underused that month, such as groceries.

You should be able to plan for future expenses by saving a little each month, for example a vacation, or a car repair bill. Look to see if you can roll over unspent money to the next month, and calculate your budget for coming months based on previous spending habits. Some products give you upcoming bill alerts or alerts when you are going over on your spending limits.

Reporting

Find out if the software allows you to view your financial data quickly and easily in report form. Most software packages give you a quick overview of your finances, and you should also be able to drill down if you need to into detail. Can you slice and dice your data? What format can you use to set up the reports? Can you print your reports or save them to your computer?

Mobile App

Most personal software management packages come with an integrated mobile app. Check that yours is compatible with your operating system. It is important to have access to a mobile app if you like to enter expenses while you are out and about. For many people this is essential, as they are liable to forget to input transactions if they wait until they get home.

A good mobile app should be easy to manage, quick and convenient to use. Check that the app allows you to view your balances, enter expenses, and update categories. Many apps also allow you to pay bills and take pictures of paper receipts to attach to your accounts.

Security

Security should always be a concern when you are dealing with your own financial information. Look to see how the software guarantees the security of your data. Does the developer follow industry standard encryption techniques, such as those used by banks? Do they follow best practices? Many personal finance software packages are verified by TRUSTe and VeriSign.

Help & Support

Great personal finance software is not just an online spreadsheet, but provides links to an inspiring community of knowledgeable people who will help you manage your money and become richer in the process. Look for software that is linked to a helpful and encouraging community, with a strong following of people who are enthusiastic about the philosophy and the methods behind its money management techniques.

It is also important that you can access technical support if you need it through a telephone, email, or live chat function. Articles, blog posts, online seminars and FAQs are all valuable additions to the personal finance management package.



Rank
You Need A Budget
Buxfer
Quicken Deluxe
Moneydance
BankTree
Home Accountz
mvelopes
AceMoney