Finance Quick Answers
Is there software I can use for financial management purposes?
Keeping track of where your money goes so you can set spending and savings goals is important, but as a priority it often ranks below shampooing the dog.
Leo Porter, a Stow, Ohio resident used to keep track
of his finances with pen and paper, a chore made even
harder with three rental properties he owns and the
income and expenses he must track for each. His
son-in-law introduced him to one of the financial
software packages that track income and expenses, as
well as perform numerous other financial tasks.
The beauty of money management computer programs is
that they can generate budget and cash-flow reports
every which way: by category, cash flow against budget,
category subtotals in columns or graphs to name a few.
Add balancing your checkbook, monitoring investments,
build a mutual fund portfolio, or shop for a mortgage
and a financial software program might be right for you.
Source: Knestout, B. (1998 January). Odious task #8 - budgeting. Forecast 98, 92.
Sandra McKinnon, Consumer & Family Economics Specialist, University of Missouri Extension
Cynthia E. Crawford, Ph.D., Consumer & Family Economics Specialist, University of Missouri Extension
Last update: Friday, July 25, 2008