Where to Find Free Personal Finance Software

March 24, 2012

When it comes to finding free personal finance software, it’s important to remember that there’s more to the picture than just a low price tag. Security should always be the number one priority, regardless of the impressive features and tracking options that the application may boast. After all, it’s important to know that sensitive information, like your account numbers and social security, won’t be shared or easily hacked into.

While it may seem like most reliable and proven financial software is only offered in paid versions, there are some great finds still available on the Internet. Here are some of the best free personal finance software to start off 2012 on the right foot:


  1. Mint. This is probably the most popular software available right now that’s still free and actively being updated. It’s main feature is that it can help manage your monthly budget by letting you know when you’re starting exceed the money you have available, and even when you’re starting to spend too fast in a certain category. The best way to get rid of debt is to figure out why you’re going debt in the first place, which is exactly why everyone should find something that can help them monitor their monthly spending habits.
  2. Wave Accounting. I love them. I have been pretty open about my hatred of spreadsheets. That, along with owning a Mac, makes getting things like Quickbooks a pain. Wave Accounting handles both my business and personal financial records, and has cut down the amount of time I spend on accounting by 70%. They have a great new payroll service out now as well.  And its all free!!
  3. AceMoney Lite. If you’re looking for software that will help you track upcoming bills, investments and spending, then AceMoney Lite is a great alternative to some of the more expensive programs out there. This is a viable alternative to using Mint, and a less comprehensive version of AceMoney; however, it still has plenty of features for the casual user. If you decide that you need more tracking options than the Lite version offers, then you can always upgrade to the full version, which does have a free 30 day trial for those who aren’t sure if they would benefit from it or not.
  4. Microsoft Money Sunset Deluxe. Many people like this one because it comes from a trusted name brand. Prior to being released for free, Microsoft Money Sunset was part of paid line of financial software. Unfortunately, the rest of the programs have been discontinued. It’s also worth noting that this program does not come with any type of live customer support, and users are expected to use the online troubleshooting guide to answer any questions.
  5. GNUcash. In addition to allowing users track their investments, this piece of free personal finance software also keeps track of bank accounts and where earned income is being spent. It’s another program that’s similar to Mint, albeit not as popular at the moment. GNUcash can be used for both personal and business accounting, which makes it a very versatile free alternative.
  6. Financial Fate. Although it’s not quite a financial tracking program, Financial Fate is a great tool for people new to taking control of their own budget. The way the program works allows you to see how your current and past spending habits will affect your finances in the long run – hence the name, Financial Fate.

In addition to checking out user reviews, another good way to gauge the reliability of personal finance software that’s being offered for free is to see how long the company has been in business. If it looks like it’s a recent startup, then it’s a wise idea to give it another year or so to mature and gain user trust before jumping in feet first. In the meantime, don’t forget that a well laid out spreadsheet and some dedication can be just as effective at keeping your budget on track as

You Might Also Like

  • MyMoneyDesign March 25, 2012 at 2:27 pm

    I’ve been a user of Mint for a long time, but you make Wave Accounting sound pretty good. I’ll have to look into that one.

    • Marissa March 25, 2012 at 6:17 pm

      Wave is my favourite!

  • Money Infant March 26, 2012 at 8:49 am

    Holy crap this was perfect timing. I remembered reading about Wave a few weeks ago and was trying to remember the name of it because I didn’t want to pay for Quicken. And here you come with this post, saving me the time it would have taken to hunt down the name of Wave Accounting. Thanks!

  • Frugal Mom March 26, 2012 at 1:19 pm

    Another web-based personal finance software https://www.inexfinance.com/ that’s available for free. Clean design and quite easy-to-use.

  • Paula March 26, 2012 at 1:58 pm

    As a newcomer to the USA and very busy to understand the way finances getting handled here, I was looking for a free software program and it looks like I will settle for Wave.
    Thanks for posting and all the research going into it. A very happy reader here!

  • Paul @ The Frugal Toad March 27, 2012 at 2:32 am

    I have been using Mint for quite a while and I just started using Wave Accounting last month. So far I like it.

  • Jackie March 28, 2012 at 12:20 am

    Huh, I hadn’t heard of most of these but what a nice roundup of what’s out there.

    • Marissa March 28, 2012 at 3:34 am


  • Rafiki March 27, 2012 at 11:58 pm

    Didn’t even know they were this many. Stuff like mint is available worldwide so it’s good to know that they are programs you can use for free.

    • Marissa March 28, 2012 at 3:34 am

      I am pretty sure so is Wave. Try them!

  • Alan Marcell April 26, 2012 at 8:00 pm

    good applications, but I would like to suggest one I use. It’s called Home budget box. Really nice application which allows you to manage your personal finances with ease. Best of all is its rich GUI. Well that’s my opinion :).

  • boach September 10, 2012 at 1:36 am

    Another very good personal finance software is Boachsoft Finance. It is superb One unique feature is the Forecast center. This would allow you to accurately predict the future of your finances. It scans your previous transactions for patterns. It also uses your budget data and scheduled transactions in creating the forecast. You can actually create what if scenarios .