subject: The Importance of Free Personal Finance Management Software [print this page] The Importance of Free Personal Finance Management Software
The free personal finance management software is very convenient because it can be used wherever there is an internet connection present. These free personal finance management software options offer security features for all the personal finance data. With this online software, there is no need to install anything on the system's hard drive and software updates are done on the software company's servers. Each of the top most online personal finance titles have different feature focus. While using free personal finance management software on a public desktop, one must log out and close the browser window before leaving the computer.
The free personal finance management software is far different from other financial softwares. It has many features to manage the personal finances, which are as follows: seeing all the transactions, overall balances, reminders and notices on one page; supporting account transfers and split transactions; spending limits providing a way to create a personal budget; searching transactions by date, keyword, account or category; tracking spending with charts, graphs and spending vs. saving for all accounts; securitized system as one doesn't have to enter the account numbers into the software; reconciliation of accounts and use of time-saving recurring transactions; arrival of personal finance alerts and reminders by email; updating of account while being linked with AIM, ICQ, MSN/Windows Live, Google Talk and Yahoo Messaging services.
The free personal finance management software offers something truly different. It tells how the individual can save money through the following techniques: automatic updating of banking and credit card transactions, eliminating the possibility of forgetting to enter transactions; automatic categorization of transactions while being downloaded; labeling transactions in order to become capable of quickly identifying expenses that are related to work, hobbies, meals out, etc; viewing all banking and credit card transactions and account balances side by side; minting works with most of the American banks and credit card companies; comparison of cash and debt for quick overall financial reporting, and offering spending histories; email and SMS alerts indicating about low balances, large purchases and other financial activities in the accounts; securitized firewalls, encryption and authentication procedures giving protection to personal finance data.
