Finance Reviews

Why personal finance software is important These days, technology has really revolutionized people's way of life, including their financial life. Back in the day, most people used a pen and paper to document their earnings, spending, and finances. What is personal finance software? Home finance software refers to a financial tool that enables you to prepare a budget, track your expenses, and check your overall finances. These days, there is no valid reason why you should be disorganized and mired in debt because there are many good personal finance programs that you can use to keep track of your money, plan your future, and completely control your finances. If you have a PC or laptop, you are lucky because you can easily find good home finance software at little cost. Application programmers have now catered for the high demand for these applications as they now come with all sorts of functions and capabilities that can save your money, time and effort. Analysis You can now analyze...

When we are trying to understand Personal Finance, the best thing to do is to understand what Personal Finance is NOT. Many people think that accounting and personal finance are the same, but Personal Finance is NOT Accounting. On the surface they may seem the same; they both have something to do with money. However, the definitions will help us better understand the differences. Merriam-Webster's definition of accounting is "the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results." Based on this definition, we see that accounting is the process of analysing and recording what you have already done with your money. This is why having an accountant is usually not enough when it comes to your personal finances. Accountants generally don't concern themselves with personal finance (there are some exceptions to this rule). Unless your accountant is also a financial advisor or coach, he or she will like...