Keeping Track of Your Finances with Personal Finance Software
August 14, 2007 by Miranda Marquit
Filed under Finance
One of the ways you can keep track of your personal finances is to use personal finance software. This is a great way to visually see where your money is going, and whether or not you are truly yielding wealth. Personal finance software offers a variety of ways for you to categorize your income and expenditures. You can even link your personal finance software to your bank accounts and investments online, and watch as your registers are automatically updated.
Some of my favorite features, however, are the reports. It is possible to create graphs and charts, as well as reports, that show you, simply, where the money is going and where it came from. It is an excellent way to keep track of your cash flow and manage it. The other thing I like to do is use my personal finance software to create a budget. And track how I am doing as compared to the budget.
I personally prefer Quicken as my personal finance software, but others really like Microsoft Money, Budget Express or AceMoney. You can get a comparison review of personal finance software here.
Good information, Miranda. I linked to your post in my recent one at Home Biz Notes. I felt what you had to say about personal finances could be applied to home businesses. Also personal and business finances often are intermingled in some home business cases.
Thanks! This is so true. As I recently found out the hard way…