Personal Finance Software To Help You Survive Financial Crisis
- Date: 2008-11-10 - Word Count: 999
Share This!
Do you know how to avoid getting caught in the financial crisis? This question addresses one of the biggest fears most everyone has today. If giants like Merrill Lynch and Lehman Brothers get shaken to their foundations, how can an average person resist getting caught? The answer is simple: spend less than you earn. The era of blithe consumerism is coming to an end, and we should prepare for lean times. It's time to keep track of all income and expenses and cut down unnecessary expenditures. These simple things will help you to stand bad times.
Part of the survival strategy is organizing your financial life using a good personal finance manager. It will help you to see where your money goes without the hassle of doing everything manually. There are many money management tools out on the market today. One of them is Personal Finances.
Overview
Personal Finances is a personal finance manager that will help you to control your budget better than ever. With a glance at its summary view and reports, you will understand where your money goes, pinpoint areas of excessive expenditure and cut down unnecessary expenses. The program also provides future planning you can project expected spending and income and find out how much money you will have at a future date.
The program is ideal for beginners as it keeps budget management simple and intuitive. The program has a simple, uncluttered interface and a lack of advanced features, which are rarely used by ordinary users. For example, Personal Finances has no college or retirement planner. However, when it comes to managing financial accounts, designing and tracking a family budget, the program outshines many others.
Getting started with Personal Finances is a matter of a few minutes. Simply click around to familiarize yourself with the functionality and refer to the program help file if there's anything you do not understand at first glance.
You'll also be pleased to discover no advertising "bells and whistles" that could be found in other money management software. Personal Finances is calm and keeps you that way as you focus on organizing your budget.
Getting Around the Interface
When you run the program, it opens into the main window that puts the financial details, tools and options that matter most to you up front. At the top of the window you can see the main commands. A list of transactions - income and expenses - is displayed in the central area of the window and all accounts are in the left area. The icons at the top of the main window let you quickly go to any part of the program, create an account, category, view calendar and create reports. In the left area, there are buttons that let you add, edit or delete transactions.
There are two views for transactions - Account and Summary. By default, the program opens into the Account tab where you can see the transactions associated with a particular account. However you can click on the Summary tab and see all the transactions, regardless of the account they are associated with.
Setting Up Accounts
Accounts in Personal Finances describe where money comes from. The program supports different accounts, such as real bank account, credit card, cash and pocket money. Setting up an account is a breeze to do. Click on the Accounts icon at the top of the main window, click the Add button, then enter the properties of a new account - name, currency, comment. Personal Finances also allows you to set up an account budget for any period of time, so that the user doesn't overspend. Existing accounts can be edited or deleted.
Entering Transactions
Entering transactions is just as easy. It requires a click on the Add button in the right area of the main window. In the dialog that opens, you need to select the type of transaction - income, expense or transfer between accounts, then enter all details associated with this transaction such as the account, amount of money, and date that will appear on the calendar or in the list of transactions that are due. Transactions can be defined with categories, family members, and tags. Tags provide a way to differentiate between similar transactions that fall into the same category. Categorization by family members will tell you about spending habits of each member of your family.
Transactions can be scheduled, which makes Personal Finances very handy for repeating transactions - tax payments, electricity bills, etc. The frequency for which you can set up a scheduled transaction is weekly, monthly, and annually. When the due date for the scheduled transaction comes, you should select the transaction in the scheduler list, right-click its record and select the Apply Now option to enter the scheduled transaction into the account used to pay the bill. You should also remember to make this payment in the physical world.
Reporting
Personal Finances helps you to understand the flow of your money and control expenditures with handy graphs and reports. You can see the reports generated by categories, family members and tags. Clicking on any item in the report you can drill down to transactions associated with the item. You can generate reports that cover any period of time. Results can be printed out or saved to HTML, CHM, or TXT.
Security
For your peace of mind, Personal Finances allows you to protect the budget database with a password so that no one will get access to your confidential financial information except you.
Portability
If you want to keep tabs on your budget on the move, you can get a portable version of Personal Finances that will run from a USB flash drive. The program can be run from any computer, without leaving any tracks behind.
Personal Finances has a free version and a full-featured commercial version with a 30-day free trial, so you can download the program to see if it will meet your personal finance management needs.
Keeping a budget with Personal Finances provides big benefits in the form of savings and elimination of unnecessary expenses. This will definitely help you to survive the financial crisis and step into better times.
Part of the survival strategy is organizing your financial life using a good personal finance manager. It will help you to see where your money goes without the hassle of doing everything manually. There are many money management tools out on the market today. One of them is Personal Finances.
Overview
Personal Finances is a personal finance manager that will help you to control your budget better than ever. With a glance at its summary view and reports, you will understand where your money goes, pinpoint areas of excessive expenditure and cut down unnecessary expenses. The program also provides future planning you can project expected spending and income and find out how much money you will have at a future date.
The program is ideal for beginners as it keeps budget management simple and intuitive. The program has a simple, uncluttered interface and a lack of advanced features, which are rarely used by ordinary users. For example, Personal Finances has no college or retirement planner. However, when it comes to managing financial accounts, designing and tracking a family budget, the program outshines many others.
Getting started with Personal Finances is a matter of a few minutes. Simply click around to familiarize yourself with the functionality and refer to the program help file if there's anything you do not understand at first glance.
You'll also be pleased to discover no advertising "bells and whistles" that could be found in other money management software. Personal Finances is calm and keeps you that way as you focus on organizing your budget.
Getting Around the Interface
When you run the program, it opens into the main window that puts the financial details, tools and options that matter most to you up front. At the top of the window you can see the main commands. A list of transactions - income and expenses - is displayed in the central area of the window and all accounts are in the left area. The icons at the top of the main window let you quickly go to any part of the program, create an account, category, view calendar and create reports. In the left area, there are buttons that let you add, edit or delete transactions.
There are two views for transactions - Account and Summary. By default, the program opens into the Account tab where you can see the transactions associated with a particular account. However you can click on the Summary tab and see all the transactions, regardless of the account they are associated with.
Setting Up Accounts
Accounts in Personal Finances describe where money comes from. The program supports different accounts, such as real bank account, credit card, cash and pocket money. Setting up an account is a breeze to do. Click on the Accounts icon at the top of the main window, click the Add button, then enter the properties of a new account - name, currency, comment. Personal Finances also allows you to set up an account budget for any period of time, so that the user doesn't overspend. Existing accounts can be edited or deleted.
Entering Transactions
Entering transactions is just as easy. It requires a click on the Add button in the right area of the main window. In the dialog that opens, you need to select the type of transaction - income, expense or transfer between accounts, then enter all details associated with this transaction such as the account, amount of money, and date that will appear on the calendar or in the list of transactions that are due. Transactions can be defined with categories, family members, and tags. Tags provide a way to differentiate between similar transactions that fall into the same category. Categorization by family members will tell you about spending habits of each member of your family.
Transactions can be scheduled, which makes Personal Finances very handy for repeating transactions - tax payments, electricity bills, etc. The frequency for which you can set up a scheduled transaction is weekly, monthly, and annually. When the due date for the scheduled transaction comes, you should select the transaction in the scheduler list, right-click its record and select the Apply Now option to enter the scheduled transaction into the account used to pay the bill. You should also remember to make this payment in the physical world.
Reporting
Personal Finances helps you to understand the flow of your money and control expenditures with handy graphs and reports. You can see the reports generated by categories, family members and tags. Clicking on any item in the report you can drill down to transactions associated with the item. You can generate reports that cover any period of time. Results can be printed out or saved to HTML, CHM, or TXT.
Security
For your peace of mind, Personal Finances allows you to protect the budget database with a password so that no one will get access to your confidential financial information except you.
Portability
If you want to keep tabs on your budget on the move, you can get a portable version of Personal Finances that will run from a USB flash drive. The program can be run from any computer, without leaving any tracks behind.
Personal Finances has a free version and a full-featured commercial version with a 30-day free trial, so you can download the program to see if it will meet your personal finance management needs.
Keeping a budget with Personal Finances provides big benefits in the form of savings and elimination of unnecessary expenses. This will definitely help you to survive the financial crisis and step into better times.
Related Tags: money, finance, software, income, budget, savings, manager, financial, reports, crisis, expenses, spending, personal finances
CEO and founder of ALZEX software - company producing software for home use. Our current products are Personal Finances, a complete financial solution for home users and Visual clipboard - handy clipboard history manager. Your Article Search Directory : Find in Articles
Recent articles in this category:
- Improper Way Of Marketing Reflects Poorly On A Company.
New business, product or service everything requires visibility, awareness in order to come into the - Replacing Paper Prints With Online Versions
Nowadays saving out on resources and being additionally informative are both aspects that are in. In - Stop Smoking Effectively
If I told you of a way that you could stop smoking harmful tobacco would you believe it? Most people - What Is Runtime Error 182? And How To Fix It
Are you finding an effective way to fix runtime error 182? Do you think fixing runtime error 182 is - Do You Know How To Fix Runtime Error 87 In Minutes?
Are you finding an effective way to fix runtime error 87? Do you think fixing runtime error 87 is to - Knowledge About Avi, Avi Player, Avi Converter On Mac
Knowledge about AVI, AVI player, AVI Converter on MacWhat is an AVI?AVI, an acronym for Audio Video - Buy Your Highly Successful Email Survey Software Today
Email Survey Software- Boost Your Business and Increase ProfitsAn email survey software could be one - Xrm - The Anything Relationship Management Solution
I recently attended the Microsoft Dynamics West Region FY11 Sales Planning Retreat. This year's meet - What Are The Benefits Of Working With Electronic Medical Records
Recording medical information is a vital part of health care services. These records are necessary f - Basic Factor To Make Website Business Oriented
Internet is home for millions of websites. The online business is becoming more and more competitive
Most viewed articles in this category:
- Parental Control Software
Parental control software is software that can help parents protect their children when they are onl - Digital Asset Management Software
Managing and organizing your organization's documents is a critical component to your business's suc - AdobeRGB vs. sRGB
Understanding color spaces I'll try to explain it very simplified, but understandable for everyone - Confessions of a Prankster
I wanted to get a jump on April Fool's Day, partially because of the long, cold winter blues, and pa - Malicious Thoughts About The Spyware Ills Of My PC
Who would think I was capable of such revengeful thoughts about the parties responsible for inflicti - Recover File and Recover Deleted File Tools
Data recovery software is a very effective way of retrieving data from a worn or damaged hard disk d - Life without Windows
Ubuntu, a user-friendly version of Linux, has been running so nicely on my home PC that I decided to - What Benefit Does an Online Software Download Site Offer You?
Are you having a problem that where you find a good softeware when you consider to have a try or wan - Maintaining A Website
There was an era when people were talking about how to create a website using html coding or some ea - Benefits Of Proper Time Tracking
Have you ever written down time when you have started and finished your work? Maybe you have had mul