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Best Personal Finance, Budgeting, and Investing Software for 2019

Rachel Carey
Financial Guru
Updated: 6/2019
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Best Personal Finance Budgeting and Investing SoftwareIn terms of budgeting, finance and investing, most of us can’t do it off the top of our heads. There are too many variables to consider and even if you have the best memory, you can lose track of these variables. That is where personal finance, budgeting or investing software can be useful. This list will help you choose the best budget app and best personal finance software to best fit your needs whether that is tracking your daily expenses, creating a budget to help you achieve long-term financial goals, investing in stocks or bonds or monitoring every aspect of your financial life.

Table of Contents

Why Do You Need Home Finance Software?

Financial tools such as online budgeting software or home finance software can help you take complete control over your financial life. From budgeting, tracking your expenses, tracking your savings, investing for the future or taking care of your taxes, these types of tools can be useful for every day use. However, keep in mind that not all of the tools serve the same function or if they do, they can incur hefty monthly or annual fees. They can even charge a monthly fee for use.

 

Best Budgeting Software Just for Budgeting

Budgeting software can help you keep track of your every day expenses such as spending habits and your savings. This list has the best online budgeting software we could find.


1. Mvelopes

A great business budgeting software to use for traditional envelope budgeting is Mvelopes. This app helps you to stick to a budget by utilizing envelopes. Upon figuring out a budget for yourself, you put that exact amount of money you have budgeted into an envelope based on your budget. So, if you decide to put $50 aside for gas, you put that cash amount in an envelope labeled as “gas.” While this app does take the same approach as traditional envelope budgeting, the only difference is that it is done digitally.

With the help of this app, you are able to choose the financial goals that are the most important to you. Once you have settled on what financial goals you want to meet, you link certain bank accounts to your Mvelopes account and set the amount of money you want to save.

An additional feature to Mvelopes is that it will also help you keep track of your daily spending and shows you the amount of money you have spent from each envelope you have created, that way you can keep track of your savings goals.

Check out the Mvelopes app here.


2. YNAB

One of the best free budgeting software programs you can use today is YNAB, also known as You Need A Budget. Started by a family that needed to create a budget immediately, YNAB allows you to improve your financial situation by creating a monthly budget. This software is perfect for those who struggle with bad financial habits and need to stick to strict management rules to improve their daily spending habits.

The way this software works is by linking automatically to your bank account, where it will track your spending information and analyze it to help you improve. With the help of this software you are able to keep tabs on every aspect of personal spending by creating a monthly budget and see for yourself if you are overspending.

While you can try the YNAB app for free for a limited amount of time, the full price is $6.99 a month for access to the full system.

Check out YNAB here.

Best Personal Finance Budgeting and Investing Software

Best for Investing

Investing can help you put your money in place where it can serve you in the long-term. Investing can be overwhelming for beginners, but hopefully the investment apps featured in this list will help you invest with more confidence. These apps will help you find the best way to invest money


1. Personal Capital

This is an investment that is perfect for investors who don’t want to get their hands dirty with the difficult work of investing, high net investors or those who are looking for free management tools just for financing. For high net investors who invest a minimum of $100,000 to $200,000, are offered a team of financial advisors to help decide where best to invest their money.

Many of the tools offered by Personal Capital are free to use. However, if using the financial advisory service, the fee is based off of individual client balances. Th app itself offers individual and joint nonretirement accounts, trusts, advice on 401 (k) plans and 529 allocation plans. Keep in mind that Personal Capital does not directly manage these accounts as a part of these services.

The Personal Capital app helps to take the guesswork out of figuring out where to invest your money, especially if you have a lot of it. With the help of this app, you will never be alone, and you can have the help of others to help you invest in your future.

Check out the Personal Capital app here.


2. Acorns

Acorns is a traditional investing app that is perfect for people who have never had the opportunity to learn about investing before. The Acorns app allows users to invest money with an out of sight, out of mind mindset. The way this app works is by rounding up the money you spend on a linked credit or debit card to the nearest dollar and invest this lose change for future investing goals.

This app uses three primary investing accounts, ranging in monthly fees such as:

  • Acorns Standard $1 month account-there is no minimum investment needed with this account in order to begin investing. However, keep in mind the app itself won’t begin investing money until your balance reaches $5 or more.
  • Acorns and Acorns Later $2 month account- This account includes all of the benefits of the standard Acorns account but also gives users the ability to invest into an Individual Retirement account.
  • Acorns Later + Acorns Spend $3 month account-this account is a full blown digital checking account that gives users the ability to set up a direct deposits, mobile payments and unlimited ATM withdrawals.

Once you reach the amount of money you wish to withdrawal, Acorns allows withdrawals that can take anywhere from 5 to 7 business days.

Check out the Acorns app here.


3. Ameritrade

With no minimum investment requires and featuring some of the best investment features, the Ameritrade app makes it easy to invest in your future. This is an app that is tailor made for new and advanced investors alike.

Ameritrade offers three separate trading platforms in which you can use:

  • A web platform-this is the perfect platform for new investors. With the web platform, investors can build a balanced portfolio of stocks, bonds and mutual funds that can be customized to create the best trading strategy for you. While navigation can be a challenge, with a chatbot feature, you can begin using the web platform immediately.
  • Trade Architect-this is a step up in terms of sophistication, the Trade Architect platform comes standard with a variety of tools and real time features such as news, market heat maps and quotes. This platform is designed for the active trader and option investors. This platform is completely customizable with over 30 stock and option screens to choose from as well as profit/loss graphs and probability analysis tools.
  • Thinkorswim-this desktop trading platform is for serious stock or forex traders. It comes stock with all of the features available in the Trade Architect platform as well as a lineup of analysis tools, back testing options and a practice trading account.

This is an app that covers all of the basis of investing, perfect for new or advanced traders alike. Upon sign up, investors can receive guidance on building their portfolio whether that is through education or access to necessary tools and research. The best aspect of this app is its $0 minimum deposit when can help even new traders to invest without worrying about having to add a lot of money into their account.

Check out the Ameritrade app here.


4. Future Advisor

Future Advisor is a do-it-yourself investment app that is great for those looking for a low-cost option to get started with. This type of investing app offers recommendations that helps to diversify your personal investment portfolio, which you can choose to follow whether or not you see fit. Aside from investing yourself, Future Advisor also offers a paid robo-advisor option that allows you to build a comprehensive investment portfolio.

This is an investment app that is more tax-efficient investment option. If you choose to use the paid version of this app, it requires a minimum investment balance of $10,000 and charges a yearly .50% management fee.

Check out the Future Advisor app here.


5. Wealthfront

Wealthfront is the perfect app for investing if you are a hands-on investor. This is another investing app that is a robo-advisor which focuses on low fees and automatic investment options. It is an investing app that is perfect for beginning to intermediate investors that own smartphones. Ever since its inception in December of 2011, Wealthfront has built up over $10.5 billion in assets.

The way it works is relatively simple: simply invest your money into an exclusive Wealthfront account, with a minimum deposit of $500. Choose the type of investment account you wish and the Wealthfront app will allocate your investment in a variety of exchange-traded fund accounts. Similar to other robo-investing services, the Wealthfront app uses an MPT or Modern Portfolio Theory which creates an automatic allocation of your assets, taking into consideration your specific risk tolerance and financial needs.

Wealthfront also comes standard with a savings model called Path which can help you reach your financial goals. This savings account allows you to save for important goals such as retirement, college or making your first home purchase. With an average of .25% fee rate every year, investing with Wealthfront couldn’t be easier.

Check out the Wealthfront app here.


6. Ally Invest

Ally Invest is perfect for traders who are active, new and experienced forex traders or new and experienced option traders. Ally Invest is an online investment firm with low fees and plenty of features that traders need. While it is a relatively new newcomer in the investment market, it has already established trust among new and experienced traders.

Some of the features included in the Ally Invest app include:

  • Account Protection-each account opened with Ally Invest are SIPC protected for up to the amount of $500,000 to $250,000 for cash. Ally also protects accounts up to $37.5 million and $900,000 in cash.
  • Exclusive Trading Tools-Ally offers a variety of tools that will help traders succeed such as streaming charts, market and company snapshots, data watchlists, profit and loss calculator, probability calculator, exclusive market data and option chains.

With Ally Invest, you can trade stocks, ETF’s and fixed income securities. For those who don’t want to deal with self-investing, Ally Invest also offers a Managed Portfolio, which can give investors professional investment management. In order to qualify for this service, investors must have a minimum of $2,500 in a Managed Portfolio.

With competitive fees at just $4.95 a trade, Ally Invest is at the lower end of the investment spectrum. It contains a comprehensive platform, multiple banking options and 24/7 available customer service, making investing in your future a breeze.

Check out the Ally Invest app here.


7. Betterment

The Betterment app is more than just your traditional investment app. This app uses sophisticated technology and robo advisors that make high quality investments that isn’t just available for the rich. Even if you are brand new to the world of investing, this app makes it possible to get started almost immediately. The Betterment app is one of the largest robo-advisor apps on the market today that is designed to invest your money with your particular financial goals using algorithms.

The Betterment app uses a portfolio theory that is used to allocate your assets where they will bring you the most return of investments. It costs a flat management fee of 0.25% to have an account with Betterment. There are no other trading fees or sales, however Betterment does have internal costs that can equate to .13% in fees.

Check out our Betterment review here.


8. Swell

The Swell app takes a unique and fun approach to investing. This is an app that allows users to invest in companies with high growth that are helping to solve challenges around the globe. It allows investors to invest in the companies of their choice, sending their money to companies that best fit their ethics.

The Swell app is a new robo-advisor app on the market. Founded in 2015, it had not begun to invest in funds until 2016. There are currently six portfolios investors can invest in:

  • Green Tech-invest in companies that are working to improve energy efficiency around the world. Some of the companies associated with Green Tech are Tesla, Aptiv and Edison International.
  • Clean Water-investors can invest in companies that are working to improve water infrastructure and water treatment methods to preserve current water sources. Some of the companies in this category include American Water Works and Martin Marietta.
  • Zero Waste-investors can help invest in companies that take part in recycling and reducing global waste. Some of the companies included in this section include: Eton Corporation and Steel Dynamics.
  • Renewable Energy-you can invest in companies that are working to add more renewable energy power and improving renewable energy technology as a whole. Investors can invest in companies such as NextEra Energy and Eversource.
  • Disease Eradication-have the chance to invest in biotech and pharmaceutical companies that are fighting to overcome health challenges and cure many of the world’s diseases. Invest in companies such as Biogen and Shire PLC.
  • Healthy Living-Investors can invest in companies that are focused on promoting fitness well-being, healthy food and using technology to improve and lengthen human lifespans. Companies within this category include: Dexcom and Lululemon.

With a flat .75% management fee and trading options such as individual stocks, ETF’s and no underlying fees, investing with Swell can not only be profitable, but it can also feel good in the process.

Check out Swell here.


9. Stash

Stash is an online investing app that is well suited for new investors who need guidance on making new investments or impact investors looking for a stable platform. The main goal of Stash is to help beginners learn how to invest, from the ground up. It specializes in exchange traded funds and individual stocks for beginner’s, using easy to understand themes based around figuring out a beginner’s risk tolerance, long-term financial goals, interest and values.

The Stash app has a $5 minimum account balance with a $1 monthly fee for a balance of under $5,000. The account will also incur a .25% annual fee for accounts containing $5,000 or more in investments. What is wonderful about this app is that it offers custodial accounts, allowing parents to set up investment accounts for their children.

While the Stash app may not manage the accounts of investors directly, it can help beginner’s build a thorough ETF portfolio that matches their long-term finance ambitions.

Check out the Stash app here.

Best Personal Finance Budgeting and Investing Software

Best for Finance Tracking

From best free finance tracking to the best paid finance tracking services, the apps in this list will help you take your home and business finance tracking to the next level.


1. Quicken Premiere

This home budget software is perfect for people who are already familiar with managing their finances and don’t need a program to hold their hands as they input important financial information into the software. This easy to use personal finance software is a great choice for those who have to keep track of multiple financial accounts or accounts with larger assets.

Having been around for several years, Quicken Premiere is one of the most established and popular web based personal finance software tools on the market today. With Quicken, users are able to manage important financial aspects of their life from creating a budget, tracking debts, setting up savings goals and even coaching in future investments. This app also features the ability to pay bills straight from the app, track the value of various personal assets and even handle property management.

Unlike most free financial software available, Quicken Premiere has a price tag that ranges between $35 to $90 a year, depending on the operating system you own. However, the software offers a 30 day money back guarantee, so you can try the software out for yourself before purchasing it.

Check out Quicken Premiere here.


2. Mint

Mint is one of the best personal finance software programs that you can use today. It is mostly known for its budgeting and expense tracking tools that are perfect for everyday use. With the help of this app, you can pull in information straight from your bank or credit cards to help analyze your daily spending habits to pinpoint specific areas where you can improve your daily finances to have more money in your pocket.

The Mint personal finance software is known for helping you to set alerts on specific dates or whenever you have a low balance to keep you on track of your finances. These alerts can help save you money on costly late payments or overdraft fees from your bank. The Mint app is useful in a variety of categories and approaches customers with a clear and concise language that lets you know exactly what is going on with your money in real time.

Check out Mint here.


3. Buxfer

Buxfer is one of the best choices when it comes to personal finance software, especially if you are currently looking for a software that has an easy to use platform. This app is a browser-based program that allows you to log into the platform without having to download the software in the process. With Buxfer, consumers can upload bank account information, create a budget in real-time, track monthly or yearly income and track daily expenses.

Buxfer utilizes a clean and simple to use interface that can help complete mundane home accounting tasks in a unique way. While some of the reporting options may be limited compared to the competition, the easy to use interface and real time alerts given with this software makes it perfect for beginners or experienced financial accountants alike.

Check out Buxfer here.


4. Tiller

Tiller is one of the best personal finance software that will fit all of your needs. With this home finance tracking software, users are able to link their checking accounts and credit card accounts into the software where they can track all of their expenses on a daily basis. With the Tiller app, users can export the data into a clean data spreadsheet where you can make your own calculations on the data to know where you can save money. There are many templates to choose from that you can use to organize your financial data, customizing each that will best satisfy your needs.

Typically, the Tiller app has a yearly subscription for $59 a year or you can try the app for the first 30 days absolutely for free.

Check out the Tiller app here.

Best Personal Finance Budgeting and Investing Software

Each of the finance, budgeting and investing solutions written about in this list offers something different to each person. Each are unique in their own right, but they share one thing in common: The ability to deliver tools and features consumers need to organize their financial lives. Each of these services works better if you already have a bank account. If you don’t then we talk about the best bank for savings account services in another article. It is also important to consider a variety of factors before deciding on a software that will work best for you. Take into consideration what you need from the software before choosing a specific software for your needs.

For more money saving tips, read our other articles on this site. If you’re in debt, paying off credit card debt should be one of your priorities. 

FAQ

Personal finance, budgeting, and investing are a must in today’s world if you want to grow your wealth. We all need to learn how to do it, so we’ll have an idea what to do with our hard-earned income. We’ve compiled information about the best software tools and apps that can aid you in doing just that. Read below to find out more

Personal Finance Software

Tired of writing and logging manually all details related to your personal finance? Let these few tips and tricks about the best personal finance software help you out:

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What is the best personal finance budgeting software?

Most software nowadays is platform agnostic, meaning they can be used in Linux, Mac, or Windows. When taking this into consideration, Quicken is often considered among the first options when it comes to personal finance. However, YNAB, Harvest, and Doxo are also good alternatives.

Is Quicken the best personal finance software?

While ranking the best personal finance software is going to be based mostly on individual preference, the sheer number of features of Quicken certainly puts it among the shortlist of the best ones.

What is personal finance software?

Personal finance software are designed to help individuals budget their income and expenses, and make them more responsible in where they invest their cash. They can be used either with your desktop or mobile phones.

What is the best personal finance software for Mac?

Nowadays, most personal finance software can be used online, meaning you do not have to download installers that are specific only to Mac. So, the best ones, like Quicken, Mint, or YNAB, are available for Mac and Windows as well.

What is the best personal finance software for PC?

There was a time when software is either for PC or Mac only. Today, most software are online, which means they can be used on either platforms. That said, there are still PC-only software like Banktree which are among the best ones for PC.

What is a good personal finance software?

A good personal finance software is one that is easy to use, can be used in multiple platforms, and has enough features to organize and plan a user’s financial situation. It must also be affordable enough to make it more accessible to more people.

What is the best online personal finance software?

While a lot of personal finance software already have an online version that is cross-platform, among the best ones that are really focused on online connectivity are Mint and YNAB.

What is SAP finance software?

SAP is a software company focused on enterprise solutions for small to large companies. It offers a variety of financial software packages that companies can customize according to their needs. With this robustness and flexibility, however, comes a high price that’s not practical for home or individual use.

What is the best home finance software?

Personal finance software nowadays are flexible enough that they can be use for home budgeting and even for small businesses. However, some really focus on the home aspect, and some of the best you could try are GnuCash, Buddi, and HomeBank.

What is the best free personal finance software?

When it comes to software, most of the best ones have high prices. However, there are some like GnuCash, HomeBank, and Buxfer that offer robust personal finance features for free.

What is Quicken personal finance software?

Quicken is always considered when it comes to ranking the best personal finance software, and for good reason. It has been in business for over 30 years, being among the first personal finance software in the market. Today, it is now available in many different platforms.

Is Moneyline personal finance software just for Mac?

No. Moneyline is a personal finance software developed by NCH Software that is available on both Mac and Windows platforms.

What is the safest personal finance software?

There is no “safest” personal finance software, as the security of a software mostly relies on the user. Also, most of the software that offer connections to bank accounts use the same security infrastructure that the bank uses, making them generally safe and secure to use.

How do I import information into Mint finance software?

Unfortunately, you cannot import transaction data into Mint manually, as it relies on the data sent by the bank you link it with, which usually takes anywhere from 60 to 90 days.

How to categorize mortgage payments in personal finance software?

This depends on the software you choose to use. A lot of personal finance software allows you to create custom categories to use on different kinds of recurring expenses, including mortgage payments.

What personal finance software does Dave Ramsey recommend?

Dave Ramsey, a personal finance guru, actually created his own personal finance software called EveryDollar Budget. It is actually a free tool that is available online and on mobile devices.

Which home finance software is compatible with Turbo Tax?

Turbo Tax is a very useful software to help you file your tax returns. Fortunately, it is compatible with a couple of personal finance software like Quicken, as well as more featured products like Quickbooks.

What personal finance software can print checks?

Usually, a software that can print checks is separate from a personal finance software. You can use the personal finance software to determine the amount you need to put on a check, and then acquire a check printing software for the actual check.

Does personal finance software help?

Yes it does, although this again will depend on your personal finance habits. Being diligent with your note-taking and logging on your personal finance software can help you organize your entire financial landscape.

Budgeting

We all have budgets, but some of us don’t really stick to it effectively. Luckily, there are software that can help us follow our budgeting plans much easier.

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What is the best budgeting software for Mac?

This depends on your needs and your budget. There are a couple of good but paid ones like Quicken, Mint, and YNAB. There are also free ones like Buxfer, but they offer more limited features.

What is the best home budget software?

Any professional finance software can be used also for personal home use. However, some software like Mint and Mvelopes feature a very simple and easy-to-understand interface that is best for home use.

What is a good budgeting software for married couples?

For married couples, it is important that they stay aware of their budget’s status at all times. This is why apps like Goodbudget and Mint are best for couples because they can synchronize their mobile apps to share their budgeting plans.

Is Mint budget software safe?

Yes, it is. Mint is actually one of the most established software brands when it comes to personal finance. It has a robust ecosystem of apps and services that target not just individuals, but companies as well.

Does Microsoft have a budgeting software?

It used to, but nowadays, Microsoft relies on third-party apps and no longer develops a standalone budgeting app of its own. However, Microsoft Excel is still used by many when it comes to personal budgeting even though it is a spreadsheet software.

What budgeting software works with Quickbooks?

With Quickbooks being one of the most popular accounting available, some budgeting software nowadays can integrate with Quickbooks, an example of this is Quicken, which has an option to convert its data to Quickbooks format.

What software do big budget films use?

While various outfits use differing software, some the well-known budgeting software used in big-budget films are Showbiz Budgeting, EP Budgeting and Movie Magic Budgeting.

How to use simple bank software to budget?

The best online savings account providers usually have additional services like access to transaction history, autopayment, and others. You can use these to set your budget for your most frequent bills. However, for your other expenses, you should use a budgeting software.

Where to find Office 365 budget software?

Unfortunately, the Office 365 suite of software from Microsoft does not include a dedicated budgeting software. However, you can use Excel or Word to create a record of your income and expenses manually.

What budgeting software is the best value?

Consumers who are looking for the budgeting software with the best value can look for ones that are actually free. Fortunately, there are many of those kinds of software nowadays, such as GnuCash, AceMoney Lite, and Buddi. Even the paid ones like Quicken offer free trials, although for a limited time only.

What is the best desktop budgeting software?

Nowadays, there are lots of mobile apps that offer the full experience of a full-fledged budgeting software. However, a full desktop software is still going to be more functional, that is why some of the best like Quicken, Mint, and YNAB still have desktop versions.

What is the best personal money management software?

Depends on what you value the most in a personal money management software. Some prefer a lot features like the ones in Quicken, while some prefer a simper interface like GnuCash.

What is the best free money management software?

When looking for a free money management software, one must always consider the top brands such as AceMoney Lite, GnuCash, and Buddi. All three, while free, give users lots of features which are normally found on paid software.

Is Quicken the best money management software?

Depends on what you are looking for or value the most. Quicken, however, ticks a lot of the boxes when it comes to money management, having had more than 30 years’ experience in the industry. You do need to pay premium to unlock its full potential, though.

How to use money management software?

The way to use a money management software is to customize it first according to your personal income and expense items. Create categories, recurring payment dates, and others and after this, you can easily start entering data on it regularly.

Investment Software

If you want to earn more than your current salary, investing is one of the ways you can do that. Read below to find out what software can assist you in managing your investments.

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How to use software for investing?

There are lots of software nowadays that allow people to skip going through brokers to invest. They can just directly invest in companies they like through apps or online services. The way to use it differ, but you do need to open up an account with a particular app that you’re going to use.

What is the best real estate investment software?

Today, those who want to know how to start investing in real estate from home have better options. Real-estate investment software like RealData, Proapod, and THEANALYST offer a lot of features to help you make informed decisions about your investments.

Are there any software programs for value investing?

Value investing can mean many things for different individuals, and as such, software that are specifically designed for value investing is quite hard to find. That said, you can use investment tools such as Personal Capital, Yahoo Finance, and Stockpile to help you figure out the best value investment you can have. 

Is Warren Buffett using software to manage investments?

Although Warren Buffet owns a lot of tech and software companies, no one knows for sure if he actually uses a software to manage his investments. But going by previous information that he does not even use an iPhone, then it would be safe bet that he also uses more traditional ways to manage his investments.

Which tax software is best to use for Stash Invest?

Stash Invest is an online service and app that allows individuals to start investing. You can already access tax forms from Stash Invest’s website, but you also use tax software like Turbo Tax for better tax filing management.

Rachel Carey

Rachel Carey

Financial Guru

Rachel is dedicated to helping individuals and families boost their budgets so they can enjoy the lifestyle they deserve. Rachel graduated with a degree in Family and Consumer Sciences. She’s a prolific finance writer, producing tons of articles on different aspects of personal and family budget management.

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