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Overall, the best personal finance software is Quicken. Its unmatched speed, comprehensive features, and reasonable price point all unite to create a product that can help anyone take full control of their finances. However, if you’re looking for a free option, Mint is entirely free and a very useful tool.
Managing your money is an essential skill set – one that isn’t taught in school (apparently learning about the mitochondria is more important). So when you hit a certain point in your life when money starts really coming in, keeping on top of your finances can be a daunting task.
That’s where personal finance software can really come in handy. Using these tools, you can stay on top of your taxes, manage a budget, and stay in tune with your wallet. Here are what we consider to be the top seven personal finance software.
Best Personal Finance Software: Comparison
The best personal finance software are:
- Quicken – Best overall
- Mint – Best for budgeting
- YNAB – Best for habit building
- Personal Capital – Best for wealth management
- PocketGuard – Best for college students
- TurboTax – Best for taxes
- QuickBooks – Best for small business owners
In This Guide:
- Best Personal Finance Software
- How to choose personal finance software
- Frequently Asked Questions
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Quicken – Best Overall
Our favorite personal finance software is Quicken. Quicken has one of the most comprehensive lists of features of all the software listed here, and is known for being one of the fastest personal finance software on the market.
Quicken has four paid tiers, with a 30 day free trial on offer for each of them. Their Starter tier costs $35.99 a year, and allows you to view all your financial accounts in one place. You can also create a budget and manage your bills, to see exactly how much money you’re spending, and where it can be saved. Quicken can be used on both a desktop and their mobile app.
The next tier, the Deluxe tier, costs $51.99 a year, and Quicken claims this is their most popular tier. This tier gives you everything in the Starter tier, as well as the ability to create customised budgets, manage and track any debts you have, or create savings goals.
The Premier tier, the next step up, is $77.99 a year, and Quicken claims this tier has the best value for your money. On top of everything in the Deluxe tier, you’ll be able to pay your bills through Quicken, access customer support, and simplify any taxes or investments you’re dealing with.
The final tier, the Home and Business tier, is the only tier that allows you to manage a business as well as your personal finances. This costs $103.99 a year, and, as well as everything in the previous tiers, you’ll be able to manage both personal and business expenses, email invoices through Quicken itself, and track your business’s taxes, profits, and (hopefully lack of) losses.
Quicken is the most well rounded software on this list, giving you everything you’d expect from a personal finance app, being accessible from anywhere you’d need it, and having lightning fast speed.
It should be noted that, as a personal finance tool, Quicken does not support inventory or payroll management, so if you're looking to eventually use this tool for your own small business, it won't be as suitable, and you might instead want to take a look at QuickBooks. Read our guide to Quicken vs QuickBooks.
Mint – Best for Budgeting
Let’s start off with the good news, Mint is entirely free. There are no features locked behind paywalls, and no choices to be made about which is the best tier for you. If you’re wondering, Mint makes money through referrals made to financial institutions in their “Ways to Save” section.
So what can Mint do for you? Mint can easily aggregate all of your financial accounts (whether they’re credit cards, investments, or good ol’ bank accounts) and present all their data in easily digestible reports on the main dashboard.
While it can do a lot of things that you’d want from a personal finance app, like creating goals, there are also some very solid budgeting features that can help those trying to limit their spending. After setting up all your accounts, your transactions will be auto-sorted into categories, allowing you to see where most of your money is going. You can even make your own subcategories.
There are also some features that are extremely useful, like giving you your credit score, as well as alerting you when bills come in. You’ll even get weekly summaries of your finances sent to you over email.
If you’re worried about keeping a budget, then using a free app is one of the best ways to go about saving money. Not only is Mint free, but its budgeting capabilities will really help anyone looking to squeeze pennies.
YNAB – Best for Habit Building
YNAB is not the name of a lesser eldritch god – it actually stands for You Need A Budget. If you’re someone who is prone to spending money when you feel like it, you might know that being financially flippant can put you in some pretty hot water. That’s why YNAB is intended for those who need to create, and, more importantly, stick to good money-saving habits.
YNAB doesn’t have any kind of tiered structure. There’s just one product, and you can either pay for it at a rate of $11.99 a month, or $84 a year (which will save you $59). Both can be cancelled at any time.
As the name would suggest, YNAB lets you set budgeting goals. You can share these goals with a partner, hopefully holding each other accountable for paying bills, monitoring investments, and saving money. It allows you to set saving goals, and rewards these goals with a lot of fanfare.
Your progress will be fed back to you in the form of various charts and graphs that can show you how well you’re doing in your quest to save money. And on top of this, YNAB offers free online workshops that can help you learn and retain good money management skills.
It’s not the most feature-packed software on this list, but it’s very fairly priced and will allow you to get used to saving money, hopefully using the app’s positive feedback to encourage you to learn these habits for good.
Personal Capital – Best for Wealth Management
If you have a lot of cash in various locations, whether it’s investments, bank accounts, or wherever else, you’ll want a software that has the capability to understand and process it all. Enter Personal Capital, the software intended for tracking all kinds of wealth.
For an app intended for wealthier customers, you might be surprised to hear that the software itself is free. Instead, Personal Capital contacts their users who have over $100,000 in investments, hoping to turn them into full-on clients.
Don’t worry, you don’t need $100,000 worth of investments to use the software. You can still use Personal Capital’s budgeting tool and savings planner to keep on top of your money.
When it comes to exclusive features, Personal Capital has two pretty handy features that most other software don’t offer. The first is the net worth calculator, which subtracts what you owe from what you have, giving you your official net worth. The other is a retirement planner, which you can use to see how close you are to putting your feet up on a beach for the rest of your life.
If you’re an adult with established wealth in your pockets, Personal Capital can help you manage your investments, calculate your overall wealth and retirement path, and even set you up with a free portfolio review worth $799 (provided you have more than $100,000 in the software).
QuickBooks – Best for Small Businesses
The software that can help a business stay on top of their finances. QuickBooks is a great software for anyone looking to save money, with four varied tiers that can allow increased amounts of people to use the software.
Firstly, their Simple Start tier is $25 a month, and supports a single user. It offers basic accounting software features, like expense tracking, reports, unlimited invoices and estimates, and contact management.
However, as you start to look at more expensive tiers, the amount of users steadily increases. Their Essentials plan, costing $40 a month, gives access to three users, and also enables you to manage bills and track time on certain tasks.
The Plus plan costs $70 a month, and provides access to five users, as well as unlocking the ability to track inventory, job costing, and tax support. Finally, at $150, the Advanced tier gives access to 25 users, and enables a lot of customer support features.
If you’re running a small business, you probably wouldn’t go above the Essentials plan ($40 a month), which offers useful features to three users at a very reasonable price point.
PocketGuard – Best for College Students
As you can assume with a product ranked best for college students, PocketGuard is very affordable and simple. It’s a very simple personal finance app, not tackling more complex issues like taxes or business expenses, opting instead to give its users a simple birds eye view of their finances.
There are two tiers in PocketGuard, the standard PocketGuard account, which is entirely free, or the PocketGuard Plus account, which can be bought for a single payment of $34.99, or a monthly subscription fee of $3.99.
A standard account breaks its users finances down into extremely basic illustrations in order for them to compare income and expenses. You can set spending limits, saving goals, and compartmentalise your expenses into things like rent, food, or entertainment.
A PocketGuard Plus account opens a few more options, like additional goals and categories, tracking physical cash, and tinkering with transaction information (like dates). None of this is hugely necessary, but can definitely help make the PocketGuard experience a bit more fleshed out.
If you’re not juggling too many accounts or investments and are simply looking to keep track of where your money is going, PocketGuard is a good pick. The one downside is that there’s no dedicated app, which isn’t too conducive to the rest of its vibe.
TurboTax – Best for Taxes
Taxes can be a nightmare. Terminology, different forms for different individuals, and not too much help out there. If you’re struggling with the tax end of your finances, TurboTax might just be the finance software for you.
TurboTax is made up of four tiers. The first tier is free, and, as you’d expect, is a bit barebones, allowing you to file simple tax returns and use a photo of your W-2 tax form to begin the process.
Their first paid tier, the Deluxe tier, is their most popular tier. For a single payment of $60, you’ll be able to search their list of over 350 tax deductions and credits to find any that apply to you. You’ll also be able to easily figure out your deductions relating to property tax or charitable contributions.
The next level up, the Premier tier, costs $90. On top of everything in the Deluxe package, you’ll be able to cover your stocks, bonds, and other investments, as well as automatically import your investment income. It will also cover rental property income, as well as any gains (or losses) from cryptocurrency transactions.
Their most expensive tier is intended for those who are self-employed or own small businesses. It costs $120, and lets you manage business taxes on top of personal ones. It will help you uncover any industry-specific deductions for more tax breaks, as well as offering one-to-one help with a specialist.
It’s worth noting that each of these prices are subject to state-based changes. It’s also worth noting that you only pay for TurboTax once you’ve filed. You can use the software all you like up until you actually file your taxes, so if you’re halfway through using it and don’t like it, you can just stop, with no financial setback.
TurboTax doesn’t do much (or anything) beyond taxes, so you wouldn’t get it to help with a budget, but if you’re specifically looking for help with what you owe Uncle Sam, TurboTax is a very solid choice.
How to Choose a Personal Finance Software
The first step you’ll want to take when choosing a personal finance software is nailing down what you need. For example, if you’re really pinching pennies, you won’t want to go for a pricier software. And if you’re looking for help with taxes, you obviously wouldn’t want to use a software that doesn’t help with that.
There are three big things to consider when picking a perfect software: your budget, your goals, and your desired features. As mentioned, you’ll want to opt for a software you can afford – since saving money is the whole point in the first place. If you’re concerned about saving money on your software, PocketGuard is a great choice.
However, if you’re looking to manage different incomes and minimize expenses, then Personal Capital or Albert are good choices. There are all kinds of reasons you’d want to opt for a personal finance software, so make sure you know what you want.
What Is the Best Personal Finance Software?
While each personal finance software fills its own niche, on the whole, Quicken is the best choice you can make. It’s sleek, easy to use, and covers almost all the bases you’d want in a personal finance software, like budgeting and taxes.
However, there are definitely reasons to choose other software. PocketGuard is far cheaper, and Mint is even free, letting you create budgets without factoring in the cost of the software itself, and TurboTax is laser-focused on tax, allowing you to go in depth with different forms and numbers.
Overall, all the software listed here will be able to help with financial situations, so if you opt to invest in one, feel free to send a percentage of your savings to the author of this article for generously helping you choose!
Frequently Asked Questions
If you’re a homeowner with a lot of expenses or someone with a lot of money to keep track of, personal finance software can be well worth your investment. It will allow you to keep a birds eye view of all your taxes and spending, allowing you to minimize costs and see where your money is going.
Security is a must-have in a product relating to your finances, which is why all reputable finance software will come with a high degree of security. The ability to pay your taxes is also a huge plus for any users, as this is a hugely important and oftentimes daunting aspect of managing your finances.
If you’re struggling to keep on top of your finances, budgeting software can really help you keep control of what money goes where. While it won’t make you a millionaire overnight, budgeting software can limit unnecessary spending and save you money here and there that can add up to be well worth the investment.
Quickbooks Home Accounting and Personal Finance Software is Quickbooks’ personal finance software. It offers most of the conventional accounting functionality, like preparing budgets, scanning receipts, managing bills, and tracking expenses.
The best personal finance software is Quicken, and they are supported on Mac. Quicken allows you to minimize tax payments, keep on top of your bills, and even make informed trading decisions, all with a sleek and easy interface.
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Is Quicken still the best personal finance software? ›
We chose Quicken as the best overall personal finance software because of its all-around strengths. It helps with creating budgets and tracks debt and expenses while allowing you to export data to Microsoft Excel.What is the most used software in finance? ›
- Quicken. This is an all-in-one budgeting and bookkeeping solution. ...
- Mint. This is one of the most popular personal budgeting apps in the world. ...
- You Need a Budget (YNAB). ...
- Mvelopes. ...
- TurboTax. ...
- FutureAdvisor. ...
As shown below, the main areas of personal finance are income, spending, saving, investing, and protection.What is the best free program to track personal finances? ›
- Best free spreadsheet for anyone: Google Sheets.
- Best overall free smartphone app: Mint.
- Best free smartphone app for beginners: Goodbudget.
- Best free smartphone app for investors: Personal Capital.
- Best free desktop software for small business owners: GnuCash.
If you're looking to improve your financial situation via budgeting, YNAB is the tool that you should be using.
- Kubera. ...
- Empower. ...
- Mint. ...
- You Need A Budget (YNAB) ...
- EveryDollar. ...
- NewRetirement. ...
- Tiller Money. ...
- Clarity Money.
- A suite of Microsoft products such as MS Office, PowerPoint, MS Word, Excel, and Outlook.
- Internet browsers like Google Chrome, Safari, Firefox, etc.
- Graphics and design software such as Adobe Photoshop, CorelDraw, and AutoCAD.
- Mosaic Tech.
- Cube Software.
- Oracle Essbase.
Application software is the most common software type and the one that end-users interact with frequently. These programs help carry out tasks related to productivity, communication, entertainment, education, or creativity. Typically, application software performs a very specific function.What are the 7 components of a financial plan? ›
- Budgeting and taxes.
- Managing liquidity, or ready access to cash.
- Financing large purchases.
- Managing your risk.
- Investing your money.
- Planning for retirement and the transfer of your wealth.
- Communication and record keeping.
Standards may differ from lender to lender, but there are four core components — the four C's — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.
What are the 7 components of financial literacy? ›
- Interest. Whether you're earning it or paying it, interest can have a profound impact on your finances. ...
- Budgeting. ...
- Debt Management. ...
- Credit. ...
- Identity Theft Protection. ...
- Savings. ...
- Financial Goals.
When choosing a personal finance tool, consider your goals, what you need your software to do and how sophisticated you'd like it to be. If you want an app that tracks your expenses and income, for example, look for a budgeting program that syncs with your bank and credit card accounts.What is the number one finance app? ›
Mint, however, took the top spot for us because it serves a wider array of personal finance needs and is free. From budgeting and tracking accounts and investments, Mint is efficient, reliable, and easy to use.Can Intuit Mint be trusted? ›
Is Mint a safe app? Yes, Intuit, Mint's parent company, employs the latest security and technology measures to keep its customers' personal and financial information safe. Security measures include software and hardware encryption and multi-factor authentication.Is there a better program than Mint? ›
1. Personal Capital (Empower)–Best Overall Alternative to Mint.com. Personal Capital (Empower) can easily replace Mint. Like Mint it's free, and it offers far more tools to keep track of your finances and analyze your investments.Why did Intuit get rid of Quicken? ›
The program did everything, from tracking investments to balancing a checkbook. But other alternatives emerged, and Quicken wasn't able to innovate fast enough to keep up with the times. As Quicken revenue declined, Intuit sold the company in 2016 to H.I.G. Capital.Is there a free version of Quicken? ›
A demo or free trial version of Quicken is not available. You can purchase Quicken today to experience new features and benefits. If you're not satisfied, Quicken has an unconditional 30-day money back guarantee.How many years should you keep in Quicken? ›
One of the Advanced Options is to Create a year-end archive. This is the best option if you want to move transactions from your current data file into an archive. For most people, it is best to keep only a year to two years of data in the current file, so that Quicken can work with the data quickly and efficiently.Is there something like QuickBooks for personal use? ›
What QuickBooks offers for the small business, Quicken offers for individuals and families. Quicken tracks your account balances, transactions, investments, personal budgeting, loans, and any other part of your personal financial life.Do I have to buy Quicken every year? ›
Q: Do i have to buy this every year? A: Yes, all Quicken products are an annual subscription.
What are the 7 types of software? ›
- Application software. ...
- System software. ...
- Driver software. ...
- Middleware. ...
- Programming software.
There are different types of software that can run on a computer: system software, utility software, and application software.What are the 12 types of financial analysis? ›
The most common types of financial analysis are vertical analysis, horizontal analysis, leverage analysis, growth rates, profitability analysis, liquidity analysis, efficiency analysis, cash flow, rates of return, valuation analysis, scenario and sensitivity analysis, and variance analysis.What software do financial managers use? ›
Answer: Personal Capital, FutureAdvisor, or Quicken are some of the best software for financial management, loaded with wide features to help you out with almost all your requirements related to your finances while Mint and Honeydue are free and easy to use budgeting software.What is one of the most powerful tool of financial analysis? ›
Cash flow statement is prepared to project the manner in which the cash has been received and has been utilized during an accounting year. It is an important analytical tool.What are the 10 types of software? ›
- Application software. ...
- System software. ...
- Middleware. ...
- Driver software. ...
- Programming software. ...
- Freeware. ...
- Open source software. ...
- Proprietary software or closed software.
#1 Microsoft Corp.
Microsoft provides the Windows computer operating systems software, Office applications suite, and the Azure cloud computing service. The largest software company in the world also develops server applications, tablets, and video game consoles.
- Operating System. Operating systems are the most important type of system software. ...
- Device Drivers. ...
- Firmware. ...
- BIOS and UEFI. ...
- Programming Language Translator. ...
The main elements of financial statements are as follows:
- Assets. ...
- Liabilities. ...
- Equity. ...
- Revenue. ...
We saw in the previous section that investing in the S&P 500 has historically allowed investors to double their money about every six or seven years. Your initial $1,000 investment will grow to $2,000 by year 7, $4,000 by year 14, and $6,000 by year 18.
What are the six of the financial system? ›
It breaks down the financial system into its six elements: lenders & borrowers, financial intermediaries, financial instruments, financial markets, money creation and price discovery.What are the 4 A's of financial management? ›
Any good cash management plan revolves around the four A's — Accounting, Analysis, Allocation, and Adjustment.What are the 4 pillars of credit? ›
Credit score, income, employment and down payment are the four pillars of the loan approval process. Your approval, interest rate and program will largely be based on a combination of these four items. That being said, these four are not the only factors that constitute loan approval.What is FICO stand for? ›
FICO is the acronym for Fair Isaac Corporation, as well as the name for the credit scoring model that Fair Isaac Corporation developed. A FICO credit score is a tool used by many lenders to determine if a person qualifies for a credit card, mortgage, or other loan.What is the 10 20 30 rule money? ›
Popularized by Elizabeth Warren in her book, All Your Worth: The Ultimate Lifetime Money Plan, this budgeting rule involves putting 50% of your after-tax income into mandatory living expenses or needs, 30% into wants, and 20% toward savings and debt repayment.What is the 50 30 20 rule? ›
One of the most common percentage-based budgets is the 50/30/20 rule. The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings.What are the 8 areas of financial literacy? ›
Core financial literacy topics include: financial psychology; savings, expenses, & budgeting; income, career, & entrepreneurship; education & skill development; account management & financial team; loans & debt; credit profile; economic & government influences; risk management & insurance; and investing & personal ...What is the number 1 rule in personal finance? ›
Rule #1: Keep Your Finances Organized
In almost every scenario of people getting themselves into debt, most have no idea how much they are spending or where their money is going. By getting organized, you can start to change things.
It's also about understanding that the principles that contribute to success in business and your career work just as well in personal money management. Three key skills are finance prioritization, assessing the costs and benefits, and restraining your spending.Does anyone use QuickBooks for personal finance? ›
Is QuickBooks good for personal finances? Yes. As you can see from the list of features we have outlined above, there are many ways you can use QuickBooks to manage your family's finances.
What is the most trusted money app? ›
Best Overall PayPal
You can transfer money for free from a PayPal balance, bank account, or Amex Send account. You can also use PayPal Instant Transfer for a fee and transfer funds immediately. PayPal offers versions of its app for iOS, Android, and Windows.
Mint's well-designed interface is reflected in reviews. It owns a 4.8 out of 5 rating in the App Store, one of the highest of any budgeting app, with more than 757,00 reviews. It's not hard to see why. At $34.99 for the year, Mint's premium version costs less than that of most other budgeting apps.What loan apps actually work? ›
- Best Loan Apps 2023.
- Summary: Best Loans Apps For Cash Advances and Overdraft Protection.
|Offers direct import and automatic categorizing to save you some time.||You can't get all of the app's features without paying a monthly fee.|
|Offers customized alerts and reminders to keep you on track with bill payments and more.||No joint accounts.|
Since Mint is a read-only interface, it's no big deal if the Bank do not secure those Mint credentials as much as they should. More to the point: Banks would still be the only liable holder of banking authentication data. If there's a breach, it would be on them to pay the user back.Does Intuit Mint affect credit score? ›
No. When you check your credit score for free with Mint, you are performing what is called a soft credit check. This credit inquiry won't impact your credit, no matter how frequently you view your credit score.Is Quicken going to be discontinued? ›
How to Find Your Subscription Expiration Date.
|Quicken 2017 US Windows and Mac||April 30, 2020|
|Quicken Bill Pay||August 31, 2020|
Quicken can help you keep track of your money, pay bills and set — and — keep budgets. It can even help you manage your investments and — in a new feature — track the value of your home.Is Quicken better than personal capital? ›
Winner: Quicken, by a mile. While Empower offers the basics, Quicken is a full-fledged budgeting tool that can be customized to fit your lifestyle and spending needs.Is Simplifi replacing Quicken? ›
While Simplifi and Quicken are both powered by our network of over 14,000 financial institutions, Simplifi cannot read Quicken data. It's an entirely new product designed to help a new generation develop healthy financial habits and reach their financial goals with confidence.
Do I need to pay for Quicken every year? ›
At the end of the membership period, membership will automatically renew every year and you will be charged the then-current price (prices subject to change). You may cancel before renewal date. For full details, consult the Quicken Membership Agreement. You can manage your subscription at your My Account page.Do I have to purchase Quicken every year? ›
Q: Do i have to buy this every year? A: Yes, all Quicken products are an annual subscription.Should you start a new Quicken file every year? ›
Notes. Create a new data file only when you want to keep accounts completely separate (for example, if you track a business and you want to keep personal and business data completely separate).How much is Quicken annual fee? ›
Quicken Starter: $41.88 per year. Quicken Deluxe: $44.88 for the first year, then $59.88 afterward. Quicken Premier: $71.88 for the first year, then $83.88 afterward. Quicken Home & Business: $107.88 for the first year, then $119.88 afterward.How much does Quicken renewal cost? ›
My Quicken Premier membership is set to renew in a few days, and I just noticed the annual cost has increased to $83.88. When I switched to the online membership (reluctantly) 2 years ago I paid $128.98 for a 2-year membership ($64.49 per year).Is QuickBooks good for personal finances? ›
QuickBooks is a great tool to help you manage your cash flow closely, giving you the freedom to flex the amounts you pay into your savings each month, based on any excess that is left in your budget once all of your bills have been paid.What is the difference between Quicken and Simplifi? ›
Simplifi does not offer any tax planning abilities outside of tracking tax-related spending and income transactions. Quicken offers detailed tracking of taxable and tax-deferred accounts, exporting abilities to tax-related software, and more.What is the best capital budgeting tool? ›
NPV Method is the most optimum method for capital budgeting. Reasons: Consider the cash flow during the entire product tenure and the risks of such cash flow through the cost of capital.Why is Quicken so popular? ›
Quicken is also popular with investors. Not only can people track their investment portfolio and see how investments are doing, but they can also create detailed budgets for each investment. Now we've been budgeting for a very long time, but we know some of you are new to the game!