Personal and business finance programs and apps have become incredibly popular because they’re so easy to use on your computer or smartphone. No matter what you’re trying to achieve with your money, such as sticking to a budget, investing for retirement, building a side business, or shopping for insurance, there’s a digital tool that can help.
In this post, I’ll cover eight of my favorite free or low-cost programs and apps that can help you make better financial decisions and achieve your goals. If you get in the habit of using digital tools to manage every aspect of your money, you’ll quickly see your financial life improve.
8 Best Money Management Tools
- Credit Karma
See how each of these tools can improve your personal and business financial success.
Quicken is one of the most popular personal finance programs, and I’ve used it for decades. If I could only recommend one money management tool for you, this is it. Quicken has become the gold standard because it can handle just about every aspect of your finances, such as budgeting, paying bills, tracking investments, isolating tax-related transactions, and reporting.
After you sync up your financial accounts with Quicken, it automatically connects and pulls in your cleared transactions. But you can also enter transactions manually if you don’t want to connect to your financial accounts online.
You can see a register for each bank account or credit card, or you can view all your transactions together. And there are Quicken mobile apps to sync up with your desktop version, so you can switch between devices and always have access to your information.
Automatic categorization saves time and allows you to easily see how much you’ve spent this month on food, gas, retirement contributions, or any category you create.
Once you assign categories to transactions—such as income from an employer and credit card purchases for groceries or clothing—Quicken remembers it. Automatic categorization saves time and allows you to easily see how much you’ve spent this month on food, gas, retirement contributions, or any category you create. You can view your income and expenses over any period with simple graphs and reports.
While Quicken isn’t free, you can choose from a suite of products depending on the functions you need. For $34.99 per year, the Starter version allows you to see all your accounts in one place, create a budget, have automatic expense categorization, and…
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