Personal finance management doesn't have to be about receipts and spreadsheets. You can simplify the entire process with easy-to-use software. Software records are usually easy to save and back up, either on your hard drive or in a cloud storage service, making it harder to lose your progress. Choosing the best personal finance software is therefore very important.
Some personal finance software can help you master budgeting and expense tracking, while others can help manage your investment portfolio. Our list of the best personal finance software includes free and paid options for a variety of financial goals.
Choosing which personal finance software package to use is fairly simple. The main thing is to consider what you need it for and how often you will use it. After all, there's little point in buying a premium personal finance package if it includes many features you'll never use.
If you have basic budgeting needs, such as managing your personal finances and tracking your spending, keep it simple. The great thing about many packages is that they can be configured to work as much or as little as you need.
In this article, we've curated the 10 best personal finance softwares you can use in 2022;
1. QUICKEN
Quicken is one of the most established personal finance software on the market. You can use the software to manage various aspects of your financial life, from budgeting to debt tracking to savings goals and even investment advice.
The software offers Excel export, with which you can edit your data and perform additional calculations. One of the more advanced features is bill payment, which lets you set up payments for your bills directly from the software.
It can track the value of assets to get an accurate calculation of total net worth. This app does a great job of managing both personal and business expenses, and even handles property management functions like tenant rent payments.
For investments, it also offers the ability to track investments, whether they are part of your savings, investment portfolio, or 401k retirement plan. This gives you a clear idea of how much your savings and investments are worth, although you shouldn't panic about short-term price fluctuations.
Overall, Quicken combines your budget, banking, and investment reporting into a single dashboard that you can view from your desktop or even via your cell phone from the mobile app.
Quicken is a paid personal finance software that starts at $35.99 per year and is available for Windows, macOS, iOS, and Android.
This is the first best personal finance software to use.
2. MINT
Mint is a personal finance software, one of the most popular budgeting and expense tracking tools. This software pulls in bank and credit card information to analyze spending and appropriately identify areas you can reduce to improve your finances.
For more accountability, Mint lets you set up notifications for issues like due dates and low balances to help you stay on track.
These features help avoid costly late payment fees and overdrafts from your bank account. If you have budget categories set up, Mint will give you real-time information about the amount you can spend on groceries and gas. This personal finance software is best for budgeting.
Mint can be downloaded for free and used on iOS and Android devices as well as on the desktop.
3.MVELOPES
This personal finance software is a traditional envelope budgeting system that helps keep you on budget by using envelopes to manage money. However, once you break down your budget, you divide that cash into different envelopes.
If you budget $100 for gas for the week, put that amount in a "gas" envelope. Once $100 is spent, that's it.
Mvelopes takes the same approach to budgeting, except it's done digitally on your phone and computer rather than with physical cash. This software is best for zero-based budgeting.
Select the financial goals that are most important to you, then add your bank accounts and set your income. Mvelopes helps you create a budget and set up your "envelopes".
The software tracks your spending and shows you what you've spent from each envelope to help you stay on budget throughout the month.
The basic version starts at $5.97 per month or $69 per year, with higher-priced options offering additional features and coaching options. The free trial is available for 30 days. After that, you can decide the right plan for you.
4. TURBOTAX
TurboTax, a personal finance software that deals more with taxes. So you don't necessarily need TurboTax to manage your finances throughout the year, but when it comes to taxes, the software can be useful.
Although it's one of the more expensive tax preparation tools, it's also consumer-friendly and will guide you through your tax preparation to help you file your tax return correctly.
Entering your tax information is pretty simple - you can import your W-2 information from your employer or take a photo of it and the software will transfer the information into the form.
If you've used TurboTax in previous years, the software remembers much of your personal information and asks if there have been any major changes. In the simplest version, you can file your federal and state returns for free if you use only Form 1040 with no schedules attached.
At the top end, TurboTax Live connects you with a CPA or registered agent to give you personalized advice and answer questions about your tax return. Paid versions of TurboTax include a feature that helps you uncover deductions you may not have known were available to you.
While you can use TurboTax on the web, you can also download the software to your device for added security.
5. BANKTREE
BankTree is a personal finance software that supports global currencies and actually does a solid job if you're working with more than one at a time, offering balances in multiple currencies instead of rounding them off to a single total.
It's also good for keeping track of everything, so you can scan receipts with the mobile app and import them later.
It's not the prettiest software, and it's a bit more cumbersome to use than many of its more refined cousins, though BankTree produces very clean reports that you can break down by time or by payee. It may be worth experimenting with the free trial before you decide to invest in it.
The desktop software comes with a year of updates and support, although you are limited to one PC and there is a fee for each additional PC you want to run the software on. There is also a browser-based version.
Regardless of which version you choose, a free 30-day trial is available so you can test whether BankTree works for you before you buy.
BankTree Desktop Personal Finance software is now available for only £35.00. We offer free email support and free updates and bug fixes for the latest version of BankTree Desktop Personal Finance version 3.0.
You can install the software on one computer. All additional installations are only £5.00 per computer.
6. THE MONEY DASHBOARD
The Money Dashboard iOS/Android app isn't trying to reinvent the banking world or be truly groundbreaking, but it is perhaps one of the most useful money management tools on the market.
Connect any of your UK bank and credit card accounts and you can see any of your balances in a single place with a single login. That alone is enough for us to recommend it.
But there's more - Money Dashboard tracks your spending and gives you an overall pie chart that shows your expenses for loans, supplies, transportation and the like.
You can see a total balance at a glance, showing exactly how much money you have available in all your accounts, and you can compare that to the previous month's value to show how well you've managed your money. It's a great motivator.
It's also super secure: Money Dashboard locks your login with a level of security equal to that of your bank, and it's completely read-only - your money isn't going anywhere.
There are apps for Android and iOS, and surprisingly, both are free.
Over half a million people use the award-winning Money Dashboard app, making it one of the most popular personal finance options on the market. It's quick and easy to sign up for free, which lets you explore all the features and functions.
7. MONEYDANCE
Moneydance is a personal finance software designed mainly for Mac users (but also for Windows and Linux).
Upload it and get an instant overview of your finances, upcoming bills, current expenses and more. Click on an item in the left sidebar and the main content changes accordingly.
Its reporting features are pretty strong, if not spectacular to look at, and one of the most useful sections of Moneydance is the account register. If you're old-school and once kept a checkbook, this works on a very similar principle. There's also an iOS app for logging transactions on the go, which later syncs with the software on your desktop.
Unfortunately for UK users, Moneydance doesn't support the connection protocols used by UK banks, so you'll need to manually download your transaction history to keep track of it and return to your bank's own app to move money around. U.S. users are well covered, however.
The plan offered is per household, not per computer, which means you're licensed to run it on multiple desktops at home. While there is no free trial advertised, there is a 90-day money-back guarantee.
Moneydance - Buy now for only 44.41 €.
For personal use, people who use Moneydance should buy one license per household, regardless of how many computers you install it on, what operating system you use, people who use Moneydance, or data files you create.
For business purposes, please purchase one license per computer on which Moneydance is installed or per data file (on a shared network), whichever is less.
8. BUXFER
An online service that isn't riddled in effects and colors, Buxfer does a good job of presenting your finances in a clean and professional manner.
It boasts sweetly that it currently helps its users manage over four trillion dollars in funds, so it has a solid user base behind it.
You don't have to give Buxfer your exact banking details if you're uncomfortable doing so - you can opt for manual offline syncing with your bank account instead. But if you trust it, there's a layer of high-level encryption to protect your data, and the company is audited regularly.
Best of all, we like its budgeting tools - the visual reporting is very strong, and the fact that you're not forced into predefined categories but can mark expenses as you see fit means that Buxfer should fit well into most people's banking lives .
The free version gives you five budgets, accounts, and bill reminders; the pilot version adds automatic tagging and bank syncing; the Plus version gives you unlimited budgets; and the Pro version includes online payments, advanced forecasting, and more. Get it all with a Prime version.
9. COUNT ABOUT.
Count About is a great finance app choice if you need a solid expense tracking software to keep track of transactions and import data from various financial accounts, including Mint and Quicken.
The budgeting tools are a bit basic and the tool lacks a comprehensive dashboard, but it does allow you to customize and mark up transactions and create and track invoices.
These benefits alone make it an excellent choice for accounting purposes for small businesses or sole proprietors with recurring transactions and invoices. After the 15-day free trial, CountAbout Basic costs $9.99 per year, while the Premium version costs $39.99 per year.
Premium also lets you automatically import information from compatible financial accounts.
Cost: Basic $9.99 per year, Premium $39.99 per year.
10 TILLER MONEY
Tiller Money was designed with the spreadsheet fanatic in mind, so it's perfect if you like to keep detailed spreadsheets to track expenses and plan your financial future.
To facilitate this, Tiller Money syncs with fully customizable Google Sheets, which means you need a Google account to use the software.
Once you sync your Google Sheets, Tiller Money will automatically update them based on the information in your connected financial accounts. If you don't want to create your own spreadsheets, you can also use templates.
After a 30-day free trial, Tiller Money costs $79 per year and is billed at $6.58 per month. Best for managing spreadsheets.
Cost: $79 per year.
Some personal finance software can help you master budgeting and expense tracking, while others can help manage your investment portfolio. Our list of the best personal finance software includes free and paid options for a variety of financial goals.
Choosing which personal finance software package to use is fairly simple. The main thing is to consider what you need it for and how often you will use it. After all, there's little point in buying a premium personal finance package if it includes many features you'll never use.
If you have basic budgeting needs, such as managing your personal finances and tracking your spending, keep it simple. The great thing about many packages is that they can be configured to work as much or as little as you need.
In this article, we've curated the 10 best personal finance softwares you can use in 2022;
1. QUICKEN
Quicken is one of the most established personal finance software on the market. You can use the software to manage various aspects of your financial life, from budgeting to debt tracking to savings goals and even investment advice.
The software offers Excel export, with which you can edit your data and perform additional calculations. One of the more advanced features is bill payment, which lets you set up payments for your bills directly from the software.
It can track the value of assets to get an accurate calculation of total net worth. This app does a great job of managing both personal and business expenses, and even handles property management functions like tenant rent payments.
For investments, it also offers the ability to track investments, whether they are part of your savings, investment portfolio, or 401k retirement plan. This gives you a clear idea of how much your savings and investments are worth, although you shouldn't panic about short-term price fluctuations.
Overall, Quicken combines your budget, banking, and investment reporting into a single dashboard that you can view from your desktop or even via your cell phone from the mobile app.
Quicken is a paid personal finance software that starts at $35.99 per year and is available for Windows, macOS, iOS, and Android.
This is the first best personal finance software to use.
2. MINT
Mint is a personal finance software, one of the most popular budgeting and expense tracking tools. This software pulls in bank and credit card information to analyze spending and appropriately identify areas you can reduce to improve your finances.
For more accountability, Mint lets you set up notifications for issues like due dates and low balances to help you stay on track.
These features help avoid costly late payment fees and overdrafts from your bank account. If you have budget categories set up, Mint will give you real-time information about the amount you can spend on groceries and gas. This personal finance software is best for budgeting.
Mint can be downloaded for free and used on iOS and Android devices as well as on the desktop.
3.MVELOPES
This personal finance software is a traditional envelope budgeting system that helps keep you on budget by using envelopes to manage money. However, once you break down your budget, you divide that cash into different envelopes.
If you budget $100 for gas for the week, put that amount in a "gas" envelope. Once $100 is spent, that's it.
Mvelopes takes the same approach to budgeting, except it's done digitally on your phone and computer rather than with physical cash. This software is best for zero-based budgeting.
Select the financial goals that are most important to you, then add your bank accounts and set your income. Mvelopes helps you create a budget and set up your "envelopes".
The software tracks your spending and shows you what you've spent from each envelope to help you stay on budget throughout the month.
The basic version starts at $5.97 per month or $69 per year, with higher-priced options offering additional features and coaching options. The free trial is available for 30 days. After that, you can decide the right plan for you.
4. TURBOTAX
TurboTax, a personal finance software that deals more with taxes. So you don't necessarily need TurboTax to manage your finances throughout the year, but when it comes to taxes, the software can be useful.
Although it's one of the more expensive tax preparation tools, it's also consumer-friendly and will guide you through your tax preparation to help you file your tax return correctly.
Entering your tax information is pretty simple - you can import your W-2 information from your employer or take a photo of it and the software will transfer the information into the form.
If you've used TurboTax in previous years, the software remembers much of your personal information and asks if there have been any major changes. In the simplest version, you can file your federal and state returns for free if you use only Form 1040 with no schedules attached.
At the top end, TurboTax Live connects you with a CPA or registered agent to give you personalized advice and answer questions about your tax return. Paid versions of TurboTax include a feature that helps you uncover deductions you may not have known were available to you.
While you can use TurboTax on the web, you can also download the software to your device for added security.
5. BANKTREE
BankTree is a personal finance software that supports global currencies and actually does a solid job if you're working with more than one at a time, offering balances in multiple currencies instead of rounding them off to a single total.
It's also good for keeping track of everything, so you can scan receipts with the mobile app and import them later.
It's not the prettiest software, and it's a bit more cumbersome to use than many of its more refined cousins, though BankTree produces very clean reports that you can break down by time or by payee. It may be worth experimenting with the free trial before you decide to invest in it.
The desktop software comes with a year of updates and support, although you are limited to one PC and there is a fee for each additional PC you want to run the software on. There is also a browser-based version.
Regardless of which version you choose, a free 30-day trial is available so you can test whether BankTree works for you before you buy.
BankTree Desktop Personal Finance software is now available for only £35.00. We offer free email support and free updates and bug fixes for the latest version of BankTree Desktop Personal Finance version 3.0.
You can install the software on one computer. All additional installations are only £5.00 per computer.
6. THE MONEY DASHBOARD
The Money Dashboard iOS/Android app isn't trying to reinvent the banking world or be truly groundbreaking, but it is perhaps one of the most useful money management tools on the market.
Connect any of your UK bank and credit card accounts and you can see any of your balances in a single place with a single login. That alone is enough for us to recommend it.
But there's more - Money Dashboard tracks your spending and gives you an overall pie chart that shows your expenses for loans, supplies, transportation and the like.
You can see a total balance at a glance, showing exactly how much money you have available in all your accounts, and you can compare that to the previous month's value to show how well you've managed your money. It's a great motivator.
It's also super secure: Money Dashboard locks your login with a level of security equal to that of your bank, and it's completely read-only - your money isn't going anywhere.
There are apps for Android and iOS, and surprisingly, both are free.
Over half a million people use the award-winning Money Dashboard app, making it one of the most popular personal finance options on the market. It's quick and easy to sign up for free, which lets you explore all the features and functions.
7. MONEYDANCE
Moneydance is a personal finance software designed mainly for Mac users (but also for Windows and Linux).
Upload it and get an instant overview of your finances, upcoming bills, current expenses and more. Click on an item in the left sidebar and the main content changes accordingly.
Its reporting features are pretty strong, if not spectacular to look at, and one of the most useful sections of Moneydance is the account register. If you're old-school and once kept a checkbook, this works on a very similar principle. There's also an iOS app for logging transactions on the go, which later syncs with the software on your desktop.
Unfortunately for UK users, Moneydance doesn't support the connection protocols used by UK banks, so you'll need to manually download your transaction history to keep track of it and return to your bank's own app to move money around. U.S. users are well covered, however.
The plan offered is per household, not per computer, which means you're licensed to run it on multiple desktops at home. While there is no free trial advertised, there is a 90-day money-back guarantee.
Moneydance - Buy now for only 44.41 €.
For personal use, people who use Moneydance should buy one license per household, regardless of how many computers you install it on, what operating system you use, people who use Moneydance, or data files you create.
For business purposes, please purchase one license per computer on which Moneydance is installed or per data file (on a shared network), whichever is less.
8. BUXFER
An online service that isn't riddled in effects and colors, Buxfer does a good job of presenting your finances in a clean and professional manner.
It boasts sweetly that it currently helps its users manage over four trillion dollars in funds, so it has a solid user base behind it.
You don't have to give Buxfer your exact banking details if you're uncomfortable doing so - you can opt for manual offline syncing with your bank account instead. But if you trust it, there's a layer of high-level encryption to protect your data, and the company is audited regularly.
Best of all, we like its budgeting tools - the visual reporting is very strong, and the fact that you're not forced into predefined categories but can mark expenses as you see fit means that Buxfer should fit well into most people's banking lives .
The free version gives you five budgets, accounts, and bill reminders; the pilot version adds automatic tagging and bank syncing; the Plus version gives you unlimited budgets; and the Pro version includes online payments, advanced forecasting, and more. Get it all with a Prime version.
9. COUNT ABOUT.
Count About is a great finance app choice if you need a solid expense tracking software to keep track of transactions and import data from various financial accounts, including Mint and Quicken.
The budgeting tools are a bit basic and the tool lacks a comprehensive dashboard, but it does allow you to customize and mark up transactions and create and track invoices.
These benefits alone make it an excellent choice for accounting purposes for small businesses or sole proprietors with recurring transactions and invoices. After the 15-day free trial, CountAbout Basic costs $9.99 per year, while the Premium version costs $39.99 per year.
Premium also lets you automatically import information from compatible financial accounts.
Cost: Basic $9.99 per year, Premium $39.99 per year.
10 TILLER MONEY
Tiller Money was designed with the spreadsheet fanatic in mind, so it's perfect if you like to keep detailed spreadsheets to track expenses and plan your financial future.
To facilitate this, Tiller Money syncs with fully customizable Google Sheets, which means you need a Google account to use the software.
Once you sync your Google Sheets, Tiller Money will automatically update them based on the information in your connected financial accounts. If you don't want to create your own spreadsheets, you can also use templates.
After a 30-day free trial, Tiller Money costs $79 per year and is billed at $6.58 per month. Best for managing spreadsheets.
Cost: $79 per year.