Earning your own money is not as easy as it seems, and staying within the budget is even a bigger challenge. Unexpected price change and unplanned expense—these are just a few of the major factors that will easily trump over the limit you have set. But, if you have a reliable Personal Budget Software on hand, you can manage your finances with less struggle.


These programs are meant to calculate how much you can readily spend, given the amount you earned minus all your dues and expenditures. With this, you can allocate your money for different things then see a forecast of your cash flow moving forward. See your financial trend and know what takes up most of your budget.

BudgetTracker

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Rating: 4.1/5

Price: Free

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Money Manager EX

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Rating: 4.3/5

Price: Free

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Budgetpulse

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Rating: 4.6/5

Price: Free

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BudgetSimple

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Rating: 4.2/5

Price: Free

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EveryDollar

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Rating: 4.4/5

Price: Free

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There are numerous high-grade Budget Software you can download online, and it probably got you thinking which one suits you better. While there are unique features in every program, there are still standard ones that are always available in all programs. Acquaint yourself of what these features are and how it benefits you.

Transactions and Budget
Budget trackers let users like you create your own list of expenses from different categories. Most of the time, you are allowed to input as many expenses. This can be daily, weekly, or in monthly basis. Together with that is your estimated budget. It then automatically calculates everything.

Detailed Reports
With the data you have provided, the tool can then generate a summary of your total expenditures with probable forecasts for the coming days. Some of it may be in line graph format, a simple list, or in a pie graph. You can use this charts to analyze which category should you cut the budget on and which can you add a little more.

Income and Expense Comparison
Aside from the reports, trackers commonly have a separate tab that shows a quick comparison of how you are gaining and how much you are spending. This will come in handy as you evaluate which days you have been going over budget and which days gained you a little extra. Often, it also shows your total savings or debt at the end of the month or year.

Pocketsmith

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Rating: 4.2/5

Price: Free

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MoneyLine Personal Finance Software for Windows

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Rating: 4.0/5

Price: Free

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MoneyWell for Mac

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Rating: 4.6/5

Price: Free

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Mint for Android

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Rating: 4.8/5

Price: Free

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Quicken 2017 – Most Popular Software

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Rating: 4.9/5

Price: Free

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While staying on track of the budget can be made easy with a Money Management Software, the actual process of coming up with a budget is still an underway challenge. Read these brief rundown of helpful tips to get you started.

  • Set and Stick to the Goal
    Your goal on why you are on a budget plays a key factor in making your budget-saving plausible. Condition your mind and self to understand the reason why you are setting a budget in the first place. Avoid things that would keep you off track of your plans.
  • Allocate for Savings First
    Put a rewarding thought that will help you focus on your goal and keeping an ample amount of savings is a good example. To make this happen, you have to set how much you actually want to save before you start spending. This way, you are assured that regardless of the expenditure, you still have enough left for yourself.
  • Organize Your Expenses
    Most of all, one of the most effective ways of coming up with the right budget is by sorting out what you will be spending for. Knowing what your expenses will let you easily figure out if your set budget will actually suffice for the term you have set it for.

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