In the
modern age, hiring somebody to do something like managing your finances for you
sounds archaic as an idea in itself. Of course, in larger scale operations it
simply can’t be helped. However, on a more personal level, it seems a little
ridiculous to hire somebody for the express purpose of helping you manage your
funds. Thankfully, the modern age has provided and excellent solution to this
problem, Financial planning software. The brilliance of a software like this is
that it can be accessed and managed from virtually anywhere. So long as you
have your phone or laptop, you can update the app as the financial situation
changes.
Though it
is an excellent choice to opt for a Financial
Planning Software to manage your funds, there are dozens upon dozens out
there to choose from and not all of them are great at what they do. Trial and
error would seem like the best course of action but you never realize just how
much financial data you’ve been harboring in your brain until you’ve put it all
in one app and then you don’t feel like changing it up because it would mean
shifting all that data into another software. Don’t worry, a lot of the best Financial Planning Software has been
shortlisted and here are two that you can trust with your financial data:
1. Personal Capital
To start
with is this free Financial Planning Software
that you can grab from the website. This particular software is aimed to help
engineers and people less versed in financial planning to help create a
financial path for themselves to follow to ensure that the budget they a lot
for a project is not exceeded by any means. Furthermore, this software includes
account linking so that you can link all your accounts (personal, investment
and retirement) and manage all of them from the same place. The software is
very intuitive and the free version gives you all the features you could need
from a financial planning software. There is even a budget tracker and a tool
that forecasts college savings outcomes and when you’ll hit retirement. If you
need help in understanding where to earn your hard-earned dollars, Personal
Capital has your back! for a fee.
2. Quicken
Not
everybody is good with computers and sometimes we want something that’s intuitive,
easy to understand and is so easy to use that it feels like an actual person
understanding your needs more than a software. The app comes in 4 flavors:
starter, deluxe, premier, and home and business. The starter edition of the app
will cost you $34.99 for 1 year which will give you the ability to unify all
your accounts into one place, create a budget and bill management, and to
manage your money from anywhere on the go using either a desktop, web
application, or mobile device. As you move up the package hierarchy, more and
more features are added but not everybody needs such complex features. For the
majority of us that need a simple financial planner the starter edition is
perfect.
