Never spend your money before you have it….   
Thomas Jefferson

We had earlier written about expense management using mobile apps. This is available here. Here are some Desktop applications for managing your Personal Finance Budget.

Mint – Mint is an online personal finance management tool. It has many features to keep track of your financial situation. But we have put it here as it is a really good budget tracking tool. You can set up all your bank accounts and set a budget for various categories. Transactions that you input are easily transferred to the various expense categories and you get a good analysis in terms of spending goals and actual spending. 

Buxfer – It is an interesting online budgeting application that helps track savings and expenses. You can set weekly, monthly and yearly limits on specific expense categories that you have defined. You then receive alerts when you exceed the limits. An interesting feature here is that you can set up groups consisting of people with whom you have frequent shared expenses. For example you may have a group called ‘Roommates’ to share expenses like rent and utility bills. This helps in reducing money transfers as expenses might cancel out. You can manage spending by categories and get charts on the same. 

Budgetpulse– It is an online application for free. It offers standard budgeting and tracking features. You can categorize your expenses into categories like Utilities, Entertainment etc. Charts and Reports can be generated to help you to track progress and analyze spending patterns etc. An interesting feature is that you can share your goals with family and friends and they can make contributions using Paypal etc. If you are a person who does not like applications to access your bank accounts or credit card information then this one is for you as it uses bank statements and does not sync with various accounts online. 

AceMoney Lite – As the name suggests, this is a light version of heavy weight tools like Perfios or Quicken which are more famous. This is an easy to use tool to manage expenses. The user can set up to 100 expense categories and set a budget in each of them. It supports multiple currencies and multiple languages. There are options to create charts and reports as well. It has other features apart from budgeting like setting up bank accounts to view statements and tracking of investments. The drawback of the free version is that only two accounts can be managed. We have just listed a few of the interesting applications out there to manage budgets. There are many other comprehensive financial management tools that have a host of features like Perfios, Quicken etc. which do much more. If you have used an expense management tool, we would love to hear about your experience.   

Team Getting You Rich