List of personal finance software

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Personal finance software can be used to track spending, create budgets, and plan for future expenses. Some software differs by feature support, software code and development transparency, mobile app features, import methods, Monetization model, privacy and data storage practices.

Contents

Risks

The use of expense tracking, budgeting, and other personal finance software carries some risk, most notably is due to the disclosure of a username, password, or other account credentials used to automatically synchronize banking information with an expense tracking application. Another significant area of risk is due to sensitive personal information that is stored anytime data is digitized. This risk may be compounded based on the security the software vendor has implemented as well as the availability of the data and where specifically it is stored (online or a local application). An often overlooked form of risk is due to the monetization model and privacy practices of the vendor or software provider, whether the application is "free" or fee based. Open source software is one way of potentially minimizing the risks of privacy and monetization related risks of data exposure.

The following is a list of personal financial management software. The first section is devoted to free and open-source software, and the second is for proprietary software.

Free and open-source personal financial management software

NameWritten inOperating systemMobile Presence Software license DescriptionCountries of originLast stable release dateLanguage
GnuCash C, Scheme, C++

Java (Android App)

 Microsoft Windows, macOS, Linux [1] Android (limited companion app) [1] GPL, [1] Apache License 2 (Android App) [2] Personal and small-business financial-accounting software that supports tracking bank accounts, stocks, income and expenses. [1] 5.5 / 17 Dec 2023 [3] Multilingual [1]
HomeBank C, GTK Microsoft Windows, macOS, Linux, OpenBSD, FreeBSD GPL [4] Personal accounting software package [5] Contributors in multiple countries5.6.2 / Feb. 6, 2023 [6] Multilingual [7]
KMyMoney C++ Microsoft Windows, macOS, Linux [8] GPL (v2) [9] Supports different account types, categorisation of expenses and incomes, reconciliation of bank accounts and import/export to the “QIF” file formatWorldwide5.1.3 / Jul 30, 2022 [10] Multilingual [11]
Ledger C++Any Unix-like including macOS, Microsoft Windows [12] [ citation needed ]Android (via Termux) [13] BSD [14] A command-line based double-entry bookkeeping application. Data is stored in a plain text file, using a simple format, which the users prepare themselves using other tools. Ledger does not write or modify data, it parses the input data and produces reports.3.3.0 / Feb 8, 2023 [15] Multilingual

Proprietary personal financial management vendors and software

NameSpending TrackingBudgetingInvestment TrackingThird-Party Bill PayingOperating SystemsMobile SupportSoftware TypeDirect CostOther Monetization ModelsDescription
Banktivity YesYesYesYesmacOSiOSStand aloneYearly Fee [16] Personal finance software for Mac OS.
Mint Yes [17] Yes [17] Yes [17] No [18] AnyiOS, AndroidWeb-BasedFreeFinancial product referrals [19] Deprecated [20]
Moneydance YesYesAny (JVM based)Stand alone
Moneyspire
MoneyWiz YesYesYesNomacOSiOSStand aloneYearly Fee [21]
More Money YesNoYesNoWindowsStand aloneTBC
Personal Capital Manual or AutomatedYesNoAnyWeb-BasedFreeFee-based in-house financial planning. Primarily a wealth management company that provides free services to non-clients.Offers financial advising for a fee, which establishes a client-fiduciary relationship that they claim makes them less incentivized to sell private client data as they are bound by law to act in their client's best interests. [22]
Quicken Manual or Automated [23] Yes [23] Yes [23] Yes [23] Windows, macOS (limited) [23] Android, iOS [24] Stand alone or Web-Based for full functionalityYearly fee [23]
You Need a Budget Manual or AutomatedYesYesNoAnyAndroid, iOS, Apple Watch, AlexaWeb-BasedYearly or Monthly Fee [25] Differentiates itself by providing budgeting advice.

See also

Related Research Articles

<span class="mw-page-title-main">GnuCash</span> Personal and small-business financial-accounting software

GnuCash is an accounting program that implements a double-entry bookkeeping system. It was initially aimed at developing capabilities similar to Intuit, Inc.'s Quicken application, but also has features for small business accounting. Recent development has been focused on adapting to modern desktop support-library requirements.

Quicken Interchange Format (QIF) is an open specification for reading and writing financial data to media.

<span class="mw-page-title-main">Canonical (company)</span> UK-based software company that maintains the Ubuntu OS

Canonical Ltd. is a privately held computer software company based in London, England. It was founded and funded by South African entrepreneur Mark Shuttleworth to market commercial support and related services for Ubuntu and related projects. Canonical employs staff in more than 70 countries and maintains offices in London, Austin, Boston, Shanghai, Beijing, Taipei, Tokyo and the Isle of Man.

<span class="mw-page-title-main">Intuit</span> American financial software company

Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.

Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, and H.I.G. sold Quicken to Aquiline Capital Partners in 2021.

The following comparison of accounting software documents the various features and differences between different professional accounting software, personal and small enterprise software, medium-sized and large-sized enterprise software, and other accounting packages. The comparison only focus considering financial and external accounting functions. No comparison is made for internal/management accounting, cost accounting, budgeting, or integrated MAS accounting.

Monetization is, broadly speaking, the process of converting something into money. The term has a broad range of uses. In banking, the term refers to the process of converting or establishing something into legal tender. While it usually refers to the coining of currency or the printing of banknotes by central banks, it may also take the form of a promissory currency. The term "monetization" may also be used informally to refer to exchanging possessions for cash or cash equivalents, including selling a security interest, charging fees for something that used to be free, or attempting to make money on goods or services that were previously unprofitable or had been considered to have the potential to earn profits. And data monetization refers to a spectrum of ways information assets can be converted into economic value.

<span class="mw-page-title-main">Launchpad (website)</span> Web application for maintaining software

Launchpad is a web application and website that allows users to develop and maintain software, particularly open-source software. It is developed and maintained by Canonical Ltd.

The following outline is provided as an overview of and topical guide to finance:

<span class="mw-page-title-main">KMyMoney</span> Accounting software

KMyMoney is a cross-platform double-entry bookkeeping system for personal finance management built on KDE technologies. Its operation is similar to Microsoft Money and Quicken. It supports different account types, categorization of expenses and incomes, reconciliation of bank accounts and import/export to the “QIF” file format. Through plugins, direct download using the OFX and HBCI formats is also possible. CSV imports and exports are also possible via plugins.

Mint, also known as Intuit Mint and formerly known as Mint.com, was a personal financial management website and mobile app for the US and Canada produced by Intuit, Inc..

<span class="mw-page-title-main">Ubuntu One</span> Cloud service operated by Canonical Ltd.

Ubuntu One is an OpenID-based single sign-on service operated by Canonical Ltd. to allow users to log onto many Canonical-owned Web sites. Until April 2014, Ubuntu One was also a file hosting service and music store that allowed users to store data "in the cloud".

FinanceWorks is a financial management software tool that was developed by the financial technology company Digital Insight. The software was designed to help consumers and small businesses manage their finances by providing a comprehensive platform that enables users to track their spending, create budgets, monitor investments, and manage bills and other expenses.

<span class="mw-page-title-main">Zim (software)</span> Personal wiki software written in Python

Zim is a graphical text editor designed to maintain a collection of locally stored wiki-pages, a personal wiki. It works as a personal knowledge base and note-taking software application that operates on text files using markdown. Each wiki-page can contain things like text with simple formatting, links to other pages, attachments, and images. Additional plugins, such as an equation editor and spell-checker, are also available. The wiki-pages are stored in a folder structure in plain text files with wiki formatting. Zim can be used with the Getting Things Done method.

Money Dashboard is a free online personal financial management service in the United Kingdom. It provides users with the ability to view all of their online financial accounts in one place and categorises and analyses all of their transactions so they can understand how they use money. The app aims to help consumers make better financial decisions and budget for the future.

<span class="mw-page-title-main">Accounts & SSO</span> Single sign-on framework for computers

Accounts & SSO, accounts-sso, or lately gSSO is a single sign-on framework for computers.

Personal financial management refers to "ways" or "methods" of managing ones own personal finances. It is also known by its acronym, PFM, which refers to the type of software used for personal finance apps. Simply put, PFM refers to software that helps users manage their money. PFM often lets users categorize transactions and add accounts from multiple institutions into a single view. PFM also typically includes data visualizations such as spending trends, budgets and net worth.

Banktivity is a personal finance management suite designed for macOS and iOS platforms by IGG Software and debuted in 2003 as a Mac desktop software.

<span class="mw-page-title-main">GNU Taler</span> Electronic payment system

GNU Taler is a free software-based microtransaction and electronic payment system. Unlike most other decentralized payment systems, GNU Taler does not use a blockchain. A blind signature is used to protect the privacy of users as it prevents the exchange from knowing which coin it signed for which customer.

References

  1. 1 2 3 4 5 "Free Accounting Software". GnuCash. Retrieved 2019-01-14.
  2. ↑ Fet, Ngewi (2019-01-11), Gnucash for Android mobile companion application. : codinguser/gnucash-android , retrieved 2019-01-14
  3. ↑ GnuCash 5.5 Released, GnuCash Developers, 2023-12-17, retrieved 2024-01-10
  4. ↑ "HomeBank Support | Free, easy finance software, personal money management for everyone". Launchpad. Canonical Ltd. Retrieved January 18, 2018.
  5. ↑ "HomeBank Features | Free, easy finance software, personal money management for everyone". Launchpad. Canonical Ltd. Retrieved January 18, 2018.
  6. ↑ "ChangeLog" . Retrieved 17 October 2020.
  7. ↑ "Translations : HomeBank". Launchpad. Canonical Ltd. January 14, 2018. Retrieved January 18, 2018.
  8. ↑ "KMyMoney download page". KMyMoney. Retrieved March 3, 2023.
  9. ↑ "COPYING file" . Retrieved 18 September 2018.
  10. ↑ "KMyMoney News" . Retrieved 21 May 2019.
  11. ↑ "iCash: Personal Finance, Money Management and Budgeting for macOS and MS Windows". www.familycash.com. Stan Busk. Retrieved August 19, 2022.
  12. ↑ Ledger 2.6.1 and 3.1.1 binaries for windows systems
  13. ↑ "Available Software - Termux Wiki". wiki.termux.com. Archived from the original on 2019-08-13.
  14. ↑ "Ledger: Command-Line Accounting". GitHub . 15 February 2022.
  15. ↑ "Releases · ledger/Ledger". GitHub .
  16. ↑ "Banktivity Enhances App with Direct Connectivity to Financial Accounts in the UK and Europe". www.businesswire.com. 2021-06-03. Retrieved 2022-05-06.
  17. 1 2 3 "How it works". Mint. Retrieved 2019-01-15.
  18. ↑ "Mint bill pay is no longer supported". Mint.com. Retrieved 14 January 2019.
  19. ↑ "Privacy". security.intuit.com. Retrieved 2019-01-15.
  20. ↑ Gross, Jenny (November 3, 2023). "Mint, One of the First Budgeting Apps, Is Shutting Down". NYTimes. Retrieved November 4, 2023.
  21. ↑ "MoneyWiz 2023 - Personal Accounting". www.wiz.money. Retrieved 2023-01-05.
  22. ↑ "Privacy Policy | Personal Capital". www.personalcapital.com. Retrieved 2019-01-15.
  23. 1 2 3 4 5 6 "Quicken 2018: Personal Finance, Money Management, Budgeting". Quicken. Retrieved 2019-01-15.
  24. ↑ "Manage your finances on the go with Quicken". Quicken. 2014-10-01. Retrieved 2019-01-15.
  25. ↑ "Pricing | You Need a Budget". YNAB. Retrieved 2019-01-15.
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