Learn about the free and paid Personal Finance Software available through this in-depth review and comparison to select the Best Budgeting Software:
Personal Finance Software is an application with the capabilities to keep track of your finances in real-time.
It will let you plan the budget, keep track of your budget, remind you of the bills, and show the balance after deducting the bills & investment, etc. Some tools provide the reports for your performance on the planned budget. All these features help you with managing your finances and improving investments.
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Personal Finance Software
Personal Finance Software will let you set the goals for the future and provide an in-depth picture of your position. It offers a facility to monitor the bank accounts, credit cards, loans, and investment balances in one platform.
If we compare the online vs desktop personal finance software then the online tools provide more security, there will not be any software installation, and you will get automatic software updates.
The below image will show the statistics for the market size for Personal Finance Software for the period 2020 to 2024.
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Also read =>> 11 Best Budgeting Software
General Features Of Personal Finance Software
While choosing the software, you can also look for the below-mentioned features.
- Mobile App
- Bank-level Security
- Real-time updated information
- Categorization of transactions
- Financial accounts in one place.
- Setting of goals
- Tracking of goals and spending.
- Reports on your performance.
- Balance forecast
- Tool’s personalization capabilities.
Precautions To Use Online Money Management Apps
Three measures should be taken while using the online money management app i.e. look for the tool’s security features, its data backup policy, and see if it has a strong password. A strong password provides good security as it is not controlled by the provider of Personal Finance Software.
How Does The Personal Finance Software Work?
The online Personal Finance Software works by storing your financial data on their servers. This gives you an advantage over storing data on desktop computers as it can be easily hacked.
Some advanced online solutions provide the highest level of security. They encrypt your data and show it in a non-readable format. A good tool provides firewall protection for filtering the network traffic and preventing malicious attacks.
List Of The Best Personal Finance Software
Here is the list of popular Budgeting Software available in the market:
- Xero
- Oracle – Netsuite
- Quicken
- BankTree
- Moneydance
- Mint
- Honeydue
- Mvelopes
- PocketGuard
- EveryDollar
- Money Dashboard
- GnuCash
- YNAB
- Sage Intacct
Comparison of Top Budgeting Software
| Name | Best for | Type | Platforms | Free Trial | Price |
|---|---|---|---|---|---|
Xero | Online accounting and bookkeeping | Mobile and web | Web, Android, iOS | 30 days | Starts at $6.50/month |
Oracle – Netsuite | Real-time financial management | Web and Mobile | Web-based, Android, iPhone | Free Demo Available | Quote-based |
Quicken | Money management and personal finance | Desktop, Mobile, Cloud-hosted | Mac, Windows, Web-based, Linux, Android, iPhone, iPad | Free Trial for 30 days | Starts at $2.39/month |
BankTree | Accounts and Investment management | Web, desktop, mobile | iPhone, Mac, Android, Windows, Web-based | Available | $40 |
Moneydance | Online banking | Desktop and Mobile | Mac, Windows, iPhone, Android | 14 days | Starts at $9/month |
Intuit Mint | Online Accounting | Web-based & mobile app. | Web-based, Android & iOS. | No | Free |
Honeydue | Couples to manage Finances. | Mobile app | Android & iOS | No | Free |
Mvelopes | Envelope budgeting system. | Web-based & Mobile app. | Web-based, Android, & iOS. | Available for 30 days. | The price starts at $5.97 per month. |
PocketGuard | Categorization & organization of your expenses. | Web-based & Mobile App. | Android & iOS | No | Free plan & Plus Plan. |
EveryDollar | Creating a monthly budget & track spending. | Web-based & mobile app. | Web-based, Android, & iOS. | Available for 14 days. | It starts at $59.99 for 3 months. |
#1) Xero
Best for Online accounting and bookkeeping.
Xero is a finance software that’s feature-rich and easy to use. This is a platform you can use to get a better visibility over cash flow and accounts payable. The platform can be used to track and pay bills on time. You get a ton of expense management tools that can come-in handy to submit and reimburse expense claims.
You also get accurate accounting reports, which can be used to track your finances. The software also functions great as a powerful intuitive invoicing software.
Features:
- Connect bank directly to Xero
- Track Bills
- Integrates seamlessly with payment gateway
- Bank reconciliation
Verdict: Xero offers a ton of features you need to run all sort of financial operations that are key to running a business. The solution’s ideal for small businesses, accountants, and bookkeepers.
Price: The early plan will cost you $6.50/month. The Growing plan will cost $18.50/month and The Established Plan will cost $35/month.
#2) Oracle – Netsuite
Best for Real-Time Financial Management.
Oracle Netsuite is perhaps one of the more popular solutions on this list. As a cloud-based financial management solution, it is very powerful. The software comes with pre-built accounting-intelligent capabilities, which helps you gain complete visibility over your finances. The software also helps you collect payments from customers using secure and reliable methods.
Besides this, you can also rely on Oracle Netsuite to track and manage the book value as well as depreciation value of your company’s fixed assets. You also get pre-built reports, which are highly customizable and do a good job of informing you of your current financial status.
Features:
- Budgeting and Forecasting
- Human Capital Management
- Customer Relationship Management
- Customizable reporting
- Comprehensive Revenue Management
Verdict: Oracle Netsuite is hands-down one of the most intuitive and powerful cloud-based financial management software out there. The software not only grants you 360 degree visibility over your integrated finances but also over your customers.
Price: Contact for quote
#3) Quicken
Best for money management & personal finance.
Quicken is a personal finance and money management software. That will help you with managing spending, budgets, investments, retirement, etc. It will categorize your expenses automatically. Quicken provides 256-bit encryption security. Your data will be transmitted securely with robust encryption.
Features:
- Quicken has a bill center dashboard and a facility to download a PDF of bills.
- With Deluxe and premier plans, it offers the features of the loan, investment, and tax planning.
- Quicken Bill Manager offers the features of bill tracking and bill pay.
- Quicken’s key features include keeping finance up-to-date, searching transaction history, checking investment performance, and viewing balances, budgets, accounts, & transactions, etc.
Verdict: With Quicken, you will be able to manage your money on desktop, web, and mobile platforms. It is a secure place that will let you see all the bank and credit card accounts in one place.
It will give you a complete financial picture at a glance. In one place you can view banking, investment, retirement, credit card accounts, etc.
Further reading =>> Quicken vs QuickBooks – Which one is better?
Price: Quicken offers the four pricing plans for Windows PC i.e. Starter ($35.99 per year), Deluxe ($46.79 per year), Premier ($70.19 per year), and Home & Business ($93.59 per year). For the Mac platform, it has three plans i.e. Starter, Deluxe, and Premier. It offers a 30-day money-back guarantee.
Free Trial available for 30 days, afterward the price will be $5.99/month only.
This offer is valid from September 3, 2024 – October 3, 2024
#4) BankTree
Best for Accounts and Investment management.
BankTree is another easy to use personal finance software that can be defined by its three key characteristics. It is a tool designed to make the process of managing accounts, investments, and financial reports easy. Once launched, you can use this tool to track your bank, checking, and savings accounts.
The software also arms you with the tools necessary to manage your entire investment portfolio. You are also presented with interactive charts, which can come in-handy when making a report.
Features:
- Connect with bank and download live transactions
- Set and forecast ongoing budgets
- Scan receipts from mobile
- Track investment portfolio in real-time.
Verdict: BankTree is a software that we believe is ideal for anyone who want better control over their personal finances. The software achieves this by helping its users keep track of their bank accounts and investment portfolio and get a gist of their expenses via interactive charts.
Price: $40
#5) Moneydance
Best for Online banking.
Moneydance is a personal finance app that makes it to my list because of its feature packed nature and ease of use. There are two areas where Moneydance truly excels as a finance app. Firstly, it streamlines the entire online banking process. The software can automatically download transactions and send payments online from hundreds of financial institutions.
Secondly, it generates easy to comprehend graphical reports within seconds. You choose the graph type, date range, and any other setting choices you desire. The software will generate a report that perfectly conveys the current status of your income and expenses.
Features:
- Automatic Online Banking
- Generate Visual Income and Expense Reports
- Set up alerts or reminders for payments
- Schedule payment for single or recurring transactions
- Mobile app available
Verdict: Moneydance is an application designed to make various personal finance-related tasks simple. The software is ideal if you want to streamline bill payment, online banking, account management, inventory management, and budgeting processes.
Price: Moneydance offers the following subscription plans
- $9 for monthly plan
- $90 for annual plan
- $65 for Lifetime plan.
#6) Intuit Mint
Best for online accounting.
Intuit Mint is the platform for personalized insights, custom budgets, spend tracking, and monitoring subscription. It supports Android and iOS devices. You can add your cash, credit cards, bills, and investments to the tools to track the money easily. It will categorize bank transactions and provide safety and security to your data.
Suggested reading =>> Top Alternatives to Mint
Features:
- Mint is a platform with the budget planner and credit monitoring.
- In a budget planner, you can add and update the categories as per your requirement easily.
- For securing the data, it has various features like safeguarding the mobile app with a 4-digit code, multi-factor authentication, etc.
- It automatically finds the savings that are missed.
- It can track the bills to help you without missing them.
Verdict: Intuit Mint is a trusted, protected, and dedicated platform to manage your finances. It will help you stay focused on your financial goals. It is a platform for all accounts in one place and offers the functionalities of bill payment tracker, budgeting goal tracker, free credit score, budget alerts, investment tracker, etc.
Price: Intuit Mint is available for free.
#7) Honeydue
Best for couples to manage finances.
Honeydue is an application that helps couples to manage their finances together. It is a smart tool that provides instant notification and real-time balances & budgets for each partner. It is a collaborative tool. It is a secure platform and offers real-time card locks functionality. It offers 24*7 fraud protection.
Features:
- Honeydue has the features to access cash from more than 55,000 surcharge-free ATMs, Apple, and Google Pay.
- With Honeydue joint bank account, the couples will be able to bank together.
- Honeydue supports multiple languages.
- It provides reminders for bills.
Verdict: Honeydue is a mobile application that will let couples collaborate on their terms. It offers the functionalities for tracking all the accounts, coordinating bills, and chatting. Honeydue is working on automatic bill payment features too.
Price: Honeydue is available for free.
#8) Mvelopes
Best as an envelope budgeting system.
Mvelopes offers an envelope budgeting system with three editions i.e. Basic, Premier, & Plus. The app is available for Android and iOS devices. It will let you connect with an unlimited number of accounts.
With all three editions, you will get access to live chat & knowledge base, interactive reports, and auto transaction importing & account balance monitoring.
Features:
- The basic edition will let you connect your bank accounts and create an online envelope budget.
- With the Premier and Plus plan, you will get access to Mvelopes learning center, debt reduction center, and initial setup assistance.
- For the Plus plan, Mvelopes offers the features like a dedicated personal coach, personalized financial plan, and high-level priority support.
Verdict: This envelope budgeting system will help you gain financial peace of mind. It is a simple and affordable budgeting program. With Mvelopes, you will be able to manage your finances from anywhere.
Price: Mvelopes offers a free trial for 30 days. Basic ($5.97/month or $69 per year), Premier ($9.97 per month or $99 per year), & Plus ($19.97 per month or $199 per year).
#9) PocketGuard
Best for categorization & organization of your expenses.
PocketGuard is the tool that will help you with categorizing and organizing expenses. It will categorize and organize your expenses into tabs and graphs. It will set aside the money for bills, goals & necessities and give you a clear view of spendable money. You can link all your bank, credit cards, and loans & investment in one platform.
Features:
- PocketGuard has features to personalize the reports with custom categories and hashtags.
- It provides the feature of AutoSave that will automatically grow your savings. You just have to enter your goal of saving and the tool will handle the rest.
- It will track the bills and negotiate better deals for cell phone bills, cable bills, etc.
Verdict: PocketGuard will help you with optimizing your spending and thereby grow the savings. You can see all accounts in one place and will be able to keep track of your account balances, net worth, etc.
Price: PocketGuard offers a free plan and a Plus plan. You can get a quote for its pricing details. As per the reviews, it may cost you $3.99 per month or $34.99 per year.
#10) EveryDollar
Best for creating monthly budget & tracking your spending.
EveryDollar is a budgeting app with the functionalities to create a monthly budget, save money, and track spending. You can enter your monthly income, make a plan, and track spending by creating a transaction. It is accessible through a web and mobile app. The mobile app is available for iOS and Android devices.
Features:
- EveryDollar provides a customizable template to help you with planning your expenses.
- You can track your spending according to your plan.
- Every time you spend money you can create a transaction and this helps you to track spending.
Verdict: EveryDollar is an all-in-one budgeting guide that is accessible from anywhere. It will let you track your expenses and save more. This easy-to-use app will help you with achieving your goals.
Price: You can try the app for free for 14 days. EveryDollar offers the solution with three pricing plans i.e. 3 months ($59.99), 6 months ($99.99), and 12 months ($129.99).
#11) Money Dashboard
Best for budgeting and growing the savings.
Money Dashboard is a budgeting app that provides the functionalities to manage all your accounts. It supports more than 40 banks and providers. It offers the functionalities to transfer money and create offline accounts. It can be used on a laptop, tablet, or phone.
Features:
- Money Dashboards will automatically categorize your spending so that you will get to know where the money goes.
- It has functionalities to track bills, payday countdown, and predicted balance.
- To provide you security, it follows the best in class practices like FCA authorized & regulated and bank-level security.
Verdict: Money Dashboard is a secure platform with capabilities of bank connections, budgets, balance after bills, bills & subscriptions, tracking your spending, etc.
Price: Money Dashboard is available for free.
#12) GnuCash
Best for personal finance and ease of use.
GnuCash is the accounting software for personal use as well as for small businesses. This financial accounting software supports multiple platforms Windows, Linux, Solaris, Mac, BSD, etc. The software is intuitive and based on professional accounting principles.
For small businesses, it offers the functionalities of customer & vendor tracking, jobs, invoicing & bill payment, tax & billing terms, etc.
Features:
- GnuCash provides the features of double-entry accounting, small-business accounting, reports, and graphs.
- It has the features for Stock/Bond/Mutual Fund Accounts.
- It offers functionalities like QIF/OFX/HBCI Import and Transaction Matching.
- It has features for scheduled transactions and financial calculations.
Verdict: GnuCash is an easy to use and powerful platform. This personal financial accounting software offers the functionalities of tracking bank accounts, stocks, income, and expenses.
Price: GnuCash is available for free.
#13) YNAB
Best for personal budgeting.
YNAB is an acronym for You Need A Budget. It is a personal budgeting software. It supports Windows, Mac, and iOS platforms. It provides the features of bank syncing, goal tracking, real-time updates, reports, and personal support.
Features:
- YNAB supports multiple currencies.
- It gives you real-time information from any device.
- It provides the features of goal tracking.
- It can provide reports on your progress.
Verdict: YNAB is an easy to use software that provides the four rules to help you with budgeting. The tool will guide you on the management of money. It will give you complete control over your money.
Price: A free trial is available for 34 days. YNAB offers monthly ($11.99 per month) as well as annual plan ($84 per year).
#14) Sage Intacct
Best for Fully functional Cloud-based financial management.
With Sage Intacct, you get a cloud-based financial management solution that’s intuitive and efficient in its functioning. This is a tool you can use to streamline your accounts payable and receivables workflows. The software’s great at automating otherwise complex billing processes, which is essential for getting paid faster.
Perhaps the best part about Sage Intacct is its visual dashboard. Easy to navigate, the dashboard offers you real-time, actionable insights. You gain complete visibility with the help of predictive and dimensional analytics provided by the software.
Features:
- Over 200 pre-built visual dashboard templates to choose from
- Automate billing and revenue processes
- Manage cash with real-time visibility
- Order Management
- Structured transactions and approvals
Verdict: If you are looking for the best-in-class cloud solution that’s focused on finance, then you’ll have a tough time finding a software that’s as good as Sage Intacct. It features superior automation capabilities and stands apart with a customizable dashboard.
Price: Contact for quote
Additional Personal Finance Software
#15) Personal Capital
Personal Capital is a financial planning and wealth management tool that provides online financial management tools and wealth management services. You will get a 360-degree view of your money with this tool.
It will let you see all your accounts in one place. It provides planning and analytic tools. The app is available for iOS and Android devices.
Conclusion
The selection of the Personal Finance Software depends largely on your requirement of the types of features. E.g. a free software will be a good option for the requirement of tracking and categorization of money with basic functionalities. To get the guidance and advanced features you will have to go with the paid tools.
Also read =>> Top BlackLine Competitors
From the above list, Intuit Mint, Honeydue, Money Dashboard, and GnuCash are free tools whereas Mvelopes, Moneydance, EveryDollar, PocketGuard, Quicken, and YNAB are paid tools. Mvelopes, Quicken, and PocketGuard have affordable pricing plans, while EveryDollar is an expensive tool.
We hope this detailed review and comparison of the top Personal Finance Software will help you with choosing the right one for you.
Research process
- Time Taken To Research And Write This Article: 28 Hrs
- Total Tools Researched Online: 30
- Top Tools Shortlisted For Review: 12