Top 5 Best Personal Finance Software to Keep Your Budget on Track in 2021
As we enter a new year, many of us are keen to take control of our finances and become more responsible with our money – luckily, there are a multitude of personal finance software options available, to help us achieve our goals. In this article, we’ll explore the top 5 best personal finance software options to keep your budget on track in 2021.
1. Mint
Mint is a popular personal finance software option due to its user-friendly interface and easy-to-navigate mobile app. This software allows users to link their bank accounts, credit cards, and investment portfolios to track their overall financial picture in one place. Additionally, Mint provides personalized budgeting advice and alerts users when they’re close to exceeding their budget in a particular category. The software is free, with revenue coming from referral fees for financial services.
2. You Need a Budget (YNAB)
One of the best features of You Need a Budget (YNAB) is its emphasis on budgeting. Rather than simply tracking expenses after they’ve occurred, YNAB encourages users to create and stick to a budget. The software comes with pre-set budgeting categories and offers users the ability to create their own. As users input their purchases, YNAB distributes the expenses appropriately within the budget, helping users to stay within their financial goals. YNAB offers a free trial for one month, followed by a monthly or yearly subscription fee.
3. Personal Capital
Personal Capital is a great option for those who are looking to track both their spending and investments. In addition to budget tracking, Personal Capital provides investment portfolio tracking, retirement planning advice, and tax optimization strategies. The software offers both a free and paid version, with the paid version costing a percentage of the amount of assets under management.
4. PocketGuard
PocketGuard is a simple personal finance software option that allows users to link their bank accounts and credit cards to track their expenses. The software categorizes expenses and provides a snapshot of how much discretionary income the user has left for the month. Users can also set savings goals and receive alerts when they’re close to meeting or exceeding them. PocketGuard is a free app, with revenue coming from referral fees for financial services.
5. Quicken
Quicken is a long-standing personal finance software option that offers both desktop and cloud-based versions. The software allows users to track expenses and investments, create budgets, and generate reports to track their overall financial picture. Quicken also enables users to pay bills directly from the software, eliminating the need for multiple log-ins. Quicken offers both a free trial and paid subscription options.
In conclusion, personal finance software can be an excellent tool for keeping your budget on track in 2021. These top 5 options – Mint, You Need a Budget, Personal Capital, PocketGuard, and Quicken – offer a range of features to help users achieve their financial goals. Whether you’re looking for a simple budget tracking app or a comprehensive financial planning tool, there’s an option out there that will work for you.
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