4 Personal Finance Accounting Systems to Try

Personal accounting software can be a game-changer for your finances. This type of software can help you stay on top of your budget, help you manage your spending, and give you insight into trends with your money. Personal accounting software can give you a holistic look at your financial situation, leading you to make choices to help you change your situation or get closer to your goals. I’m sharing 4 personal finance accounting software systems to try.

4 Personal Finance Accounting Software Systems to Try

#1 Quicken

Quicken is one of the most popular personal accounting software programs around. This software is used to track and categorize expenses, create budgets and manage your debt payoff process. This software also creates excel reports so you can play with the numbers. Quicken can be downloaded on your computer and leveraged as an app. It’s a great all-around tool to manage your personal finances.

#2 Mint

Another popular personal accounting software is Mint. Mainly used for budgeting and expense tracking, Mint is a software that pulls in spending data from your bank and credit accounts and categorizes it accordingly. It takes a lot of the manual work off of your plate. You can use Mint for free, making it a go-to option for personal finance management.

#3 Mvelopes

If you like and appreciate the envelope budgeting system, but can’t keep up with pulling cash, Mvelopes is a great option. It functions just like the traditional envelop budgeting system, but everything is done digitally. Choose the financial goals you want to work towards, then add your bank accounts and establish your income. Mvelopes will help you create a budget and set up your “envelopes.” The software tracks your spending and shows what you’ve spent from each envelope to keep you on budget throughout the month.

#4 Personal Capital

Personal Capital is great if you already have a budget and expense tracking system in place. Personal Capital allows you to pull in all your financial accounts into one place. This allows you to avoid going to multiple places to pulse check your balances. You don’t get all of the “in the weed” tools as you do with the other software, but this is great for an overall look at your financial situation.

Why You Need to Track Your Money

Most of the systems above will help you track your money and spending. This is a necessity to getting to a place of financial freedom. You always need to keep tabs on how you’re doing financially. Doing so can help you avoid fees, stop you from needing to use credit cards, ensure you are saving for your goals, and keep you right on track with your money.

Make sure you are tracking your spending as well. This is just as important (if not more important), as keeping tabs on your overall money situation. Tracking your spending can help you stay on budget, keep you from overspending, and ensure you are on track throughout the money. Check out 5 Reasons to Start Tracking Your Spending for more examples.

Related: Do You Need a CPA?


Take control of your finances by implementing systems to help you manage what you have coming in and going out! Each of the personal finance accounting software systems called out above will help you better understand your financial situation. Do you use any type of software to manage your money? Have you tried any of the personal accounting software listed above? Post a comment below to share!

-The CGS Team



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