3 Choices for Free Financial Software
Choices for free software are available for download from various Internet websites. Most of the software programs that are available may have some flaws, but can provide basic financial planning templates. Another option is to use totally free financial planning software that runs online. Some examples include:
1. Quicken Mint Free Online Financial Software
After a quick registration (name, email, zip code), you can upload all of your account information to the website and have access to them all online. Unlike many other software programs, there is an extensive categorization system that allows you customize how your financial account information is stored in the Mint system. You can use these categories throughout the different parts of the system to refer to all transactions, budget tracking and alerting.
One neat feature is that you can link your Mink account to up to 3,000 banks in the US so that you can track all of your account transactions in one Mint window as opposed to looking it up at different banking websites. In the budgeting module of Mint, you can compare your budget from month-to-month and year-to-year, which can be helpful when saving and investing down the road. Mint also offers you mobile alerts to help you track the effects of your spending by showing you how much money you will have left at the end of the month. Besides the perceived security risk, (the Mint folks claim that all is secure), one disadvantage is that Mink cannot do bank transfers or link to brokerage accounts.