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Managing your money requires a thorough understanding of your income, spending and savings. Because of all the moving parts that go into personal finance, that’s not always easy, which is why some people use personal finance software to streamline the process. The best personal finance software manages all the details of your financial life so you can accurately see what’s going on and better plan for the future.
Choosing which path you’ll take toward financial independence is one of the most important decisions you can make. Here’s a breakdown of the best personal finance software for 2021 that can help you on your journey.
What Is Personal Finance Software?
Before personal finance software became available to the public, many people would reconcile their bank statements, checks and check registers by hand. That’s no longer necessary or even advisable, thanks to all the digital tools available. Nowadays, technology makes money management easy. An internet connection and a smartphone can automate complex processes like:
- Syncing accounts and transactions
- Tracking interest and expenses
- Budgeting
- Investing
- Generating reports that provide a current financial overview
- Predicting what your financial future will look like
The 10 Best Personal Finance Software
The following 10 personal finance software platforms have their own strengths and weaknesses, depending on your financial goals and what financial phase of life you’re in. Compare each one to find the best finance software for your needs.
1. BankTree
BankTree is based in the U.K., but the platform lets you manage your finances, accounts and credit cards from just about anywhere, including the U.S. The software syncs directly to more than 2,500 financial institutions and credit unions in 55 countries and lets you upload balances, recent transactions and other files from your financial institution. BankTree also lets you work with more than one currency.
The mobile app helps you keep track of spending by allowing you to scan and import receipts. The Starter Plan includes bank syncing, reports and receipt scanning to track expenses. The Premiere Plan has all that plus investment tools.
Cost:
- Seven-day free trial
- $4.00 per month or $40 per year
Pros:
- Online access
- Desktop software
- Mobile app
- Works with multiple currencies
Cons:
- The website’s design and …….
Source: https://www.gobankingrates.com/investing/strategy/best-personal-finance-software-options/