When managing finances, make sure that you:
Make a realistic assessment of how tangled your personal finances are – do NOT underestimate the mess you are in.
Keep track of each cent spent/received – it is important as small transactions could introduce a wide gap between your expectations and the reality.
Plan ahead – make sure that you plan well ahead and budget in advance for bills, rent, food,
clothing, shopping and other expenses.
Use a reminder/calendar, if necessary.
Monitor your finances regularly.
And, most importantly pick up a personal finance software that is not a chore to learn but a pleasure to operate while at the same time does most of your work for you. While choosing a personal finance software, you must ensure:
Ease of use: It should not take you more than three logins to master the software. The simpler it is to use, the more encouraged you will be to use it regularly.
Category-wise Finance documentation : A good money
Account Accessibility and Security : The smarter option is to go for a web-based
Moreover, improved features are frequently added to such software. A web based
software lets you enjoy these updates (often) free of cost, unlike the desktop based versions that you
have to download afresh.
Reminders and Alerts: An intelligent software will allow you to set email reminders for paying bills, filing tax returns etc, insurance premiums and other important issues.
Budget: Budgeting in advance is critical and your personal finance software must allow you to set aside budgets.
Report generation and Printing: A powerful report generation mechanism is essential for continuous monitoring of your finances and planning accordingly.
Multi-currency Support: A
Keep the above points in mind while making your choice. Make a commitment and use all the features of