Important things to consider when choosing a personal finance software are:
| Ease of Use/Installation – Personal finance software that offers intuitive navigation, user-friendly features and is easy to install ranked higher in our reviews. | |
| Banking/Bills – Personal finance software should include features in the area of online banking, including: electronic payments, account transactions, account reconciliation, the ability to write and print checks and the ability to exchange currencies, that make banking from your PC convenient. | |
| Personal Investing – Personal finance software that offers an investment feature used to get stock quotes and manage your mutual funds, stocks, bonds and 401K, so you can take care of all your investing needs. | |
| Financial Planning – Personal finance software that allows you to plan your retirement, purchases, taxes, lifetime events, home purchases, debt relief and other financial goals and money management concerns and provide financial calculators to help you estimate costs, plan collage expenses, savings, taxes and so on. | |
| Tax Options – Some personal finance software can export all of your financial information into tax software and help you find missed deductions and estimate your tax withholdings and capital gains. | |
| Reporting – Personal finance software that provides reports and summaries of your finances so you can plan your cash flow and invest more wisely. |
The two most popular, and in the same time best personal finance software are Microsoft money, and Quicken. Yes, there are other programs available, and I could review each program individually in more details, but that is really not necessary. To get a better picture why, click here to see a small personal finance software comparison table.
I use Microsoft Money, and I am more than satisfied with it. It has absolutely everything that I need. However, always make sure you read the full specifications of the software before you make a purchase, to make sure that it had all the features that you might require.