Managing your money and personal finances is a great thing to do for you and your family. While many concepts aren’t too difficult, you may be limited in your knowledge and time.
Not everyone is a spreadsheet fanatic or can devote hours to learning.
The digital revolution has provided us with a wide range of personal finance apps and software to help you manage your finances.
You’ll now be able to master the basics of money, improve your financial planning skills, and discover new ways to reach your financial goals.
The ease of use and organization that personal finance software provides is what I enjoy most. The data is presented in a clean format, and they will automatically pull information for you.
Table of Contents
What is Personal Finance Software (PFS)?
Free Personal Finance Software
Personal Finance Software with Free Trials
Personal Finance Software: Is it Safe?
What is Personal Finance Software (PFS)?
These programs are designed to assist the average person in improving their financial planning and budgeting. They also help them monitor and assess their finances all at once. These platforms make it easier to learn, organize and monitor finances.
Personal finance software: How to choose the best one
Choosing the right financial software or app for personal finance depends on what you need.
Personal finance software can help you track your budget and expenses, while other programs may concentrate on your net worth, expenditures, or investment account.
You should write down what your financial goals are, where you need assistance, and your main interests.
Knowing these things will help you determine the best personal finance software for you.
While these companies are trying to make money, they may also be concerned about your budget. Although many are worth the money, it is nice to try them out first.
I have compiled a list below of the top free options for personal finance software. Also, I added the best platforms for personal finance that provide free trials so you can try them out before paying. Let’s get started!
Free Personal Finance Software
Fintech is awash with similar financial planning and budgeting software.
The best choice will be based on the features, the support and the design.
Here are some free software programs that can help you manage money more efficiently.
- Trim
It can be difficult to negotiate bills and figure out subscriptions that are unused. Even though you may want to save some money, this process can be a hassle.
Trim can help you solve this problem. This is how it works.
Trim analyses your spending patterns and helps you to save money by identifying the best actions you can take.
Trim will negotiate your cable, internet, telephone, medical, and other bills. It can also cancel old subscriptions and more.
Trim also offers a savings plan. Trim offers a 4% bonus for the first $2,000 you spend and 1% thereafter. All funds are FDIC-insured up to $250,000
Trim offers free services such as a personal finance dashboard, customized spend alerts and notifications, detection and fight of overdraft charges, finding and cancelling older subscriptions, etc.
There is also a paid option for the Bill Negotiation, Debt Repayment, and Trim Simple Savings.
Click Here to Learn More about Trim and to Sign Up for Free
- Albert
Albert is a free option that I see more and use. It’s an app for financial tracking (like Mint, or Personal Capital). Below is more information on them.
It can track your networth, account balances and bills.
Albert Savings is a feature that automatically saves money.
No Fees
Withdrawals are free
You can earn up to 1% cash back on your savings
Albert analyses your weekly income and expenditure, and finds extra dollars that can be saved automatically.
Albert Genius is the other option that they offer. It combines human advisor insights with app insights in order to give advice via text.
Click Here to Learn More about Albert and Sign Up.
- Clarity Money
Clarity Money is another popular software that allows you to view all of your finances in one place. Marcus by Goldman Sachs is the company that backs this app, so it’s free.
The app allows you to open a high yield savings account and then connect it.
This app allows you to track your expenses and spending, cancel subscriptions and transfer money between accounts, as well as track and track your purchases.
The data is organized in nice tables and graphs that help you visualize your finances.
The tool lacks some of the features that other apps in this list provide. It might be worth a try to see for yourself.
Clarity Money – Sign up and learn more
- Personal Capital
Personal Capital, a free tool for wealth management, gives you an overview of all your finances. The platform allows you to track your finances in one place, including investments, budgets, cash flow and net worth.
Personal Capital offers a desktop platform as well as an app that allows you to monitor your finances and discover new opportunities on the go. These features are free.
You can get personalized financial advice from them if you have more than $100,000 in your portfolio. It is important to note that this feature will cost you money. You don’t have to use it, but it is worth knowing.
Register for Personal Capital Free of Charge Here
- Blooom
Want to find out about hidden fees and optimize your 401k? Blooom can be a useful tool that is free.
Blooom is a robo-advisor which analyzes and optimizes your 401k. It will manage your retirement account for you automatically based on specific goals.
Blooom can also analyze and monitor your 403b or 401a accounts, as well as your 457, TSP, or 457a. Recently, they have added IRAs to their list.
There is also a version for a fee that offers a lot more features (read our review here), however, the free version has plenty to offer.
Register for Blooom Free of Charge Here
Credit Karma
Credit Karma is probably well known to you, but in case not here’s a brief overview.
Credit Karma offers a free platform where you can view your credit report, your credit score, and receive recommendations regarding your credit history.
Logging in has no impact on your credit scores and gives you an overview of your personal history. Credit Karma also offers a high yield savings account.
Credit Karma is something I use frequently and it’s helped me to prevent identity theft. You can get alerts in real time and access to resources that will help you maintain your credit score.
The site has a lot of great features. I would recommend exploring it a little more.
Click Here to Learn More about Credit Karma, and to Sign Up.
- Mint
Mint is one of the most widely used budgeting and expense tracking applications.
Mint can pull your bank or credit card details when you create an account. This will allow you to analyze your current spending and overall financial picture.
Mint lets you set alerts to keep you informed about various things, such as if you have low balances or upcoming bills. Mint can also provide real-time data if you have created budget categories.
Mint can also track your retirement account investments and find hidden fees.
Mint is a free app that you can use on iOS and Android devices, as well as desktop. Mint can be used on iOS, Android and desktop devices.
Click here to learn more about Mint, and sign up.
- Pocketsmith
PocketSmith is a new product to me, but after reading the reviews and visiting their website, I was very impressed. You can connect all of your accounts to this personal finance software.
This application is different because it can predict where your account may go depending on the outcome of your finances.
PocketSmith allows you to connect your bank account, credit card, investment account, and loan to PocketSmith.
You can find cool features like live banking feeds and multi-currency support. Other useful features are budgeting, keeping track of expenses, organizing transactions, your net worth and projected balances according to your financial habits.
It is a basic version, but it will help you decide if PocketSmith suits you. If you want to use a lot more features, then you’ll need to upgrade to their Premium or Super offering.
Click Here to Learn More about PocketSmith, and to Sign Up.
Personal Finance Software with Free Trials
The section before this one focused on free tools. Some have paid versions that offer more features. However, you do not need to sign up if you aren’t interested.
There are many other software programs that you can pay for that are just as good.
To maximize your results, and to test these budgeting apps or finance applications first, I want to share those that offer free trials.
Remember that you can always cancel your subscription at any time if it is not for you.
If you find that they are helpful in managing your personal finances, I’d be willing to pay for them. Each platform is affordable and can have a big impact on your life.
- Tiller
Spreadsheets can be an effective way to manage your money, but they are often difficult to use. Tiller can help you with this.
Tiller can link to your checking account, credit card, investment, loan and other financial accounts. It can also pull data from over 20,000 sources and put it into a Google Sheet.
You can also download the data into Excel and perform your own calculations. You can also let Tiller do it for you and it will automatically update templates they have created to organize your data.
It will also send you an email every day with a summary your recent transactions.
The service costs $59 annually or $4.92 monthly, but you can try it for 30 days to determine if the service is right for you.
Tiller is available for free trial here
- You Need A Budget
You Need A Budget is probably one of the most widely used budgeting programs.
This software will help you to improve your financial knowledge and manage your monthly budget.
How YNAB Works
You can use the software to learn how to tackle difficult financial issues.
This software also integrates your budgeting and spending data with your bank account.
You can now keep track of your budget for the month and take action if necessary.
YNAB allows you to try the software for 34 days. If you pay in advance, you can save some money by using the full software for $11.99 a month.
- Mvelopes
Mvelopes, a personal finance program that manages your budget and cash flow using “digital envelopes”, is an excellent tool.
You can use the platform in just a few simple steps. First, you select your financial goals. Next, you add your bank account and then set your income.
Mvelopes can help you gain control of your finances and recover hidden income. It gives you a complete overview of all your accounts and transactions. This helps to reduce debt and increase savings.
There is a 30-day free trial, and then three different paid tiers that offer features tailored to your specific needs.
Personal Finance Software: Is it Safe?
You can be confident that any personal finance software, money app or other financial tool will protect your data as they all use encryption and controls. You should always review the security features of any product before you sign up. This will protect you from fraud and hacking.
