ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The Best Budgeting Software – “It Ain’t What Ya Make…It’s What Ya Keep”

Updated on January 27, 2009

It's not what you make, it's what you keep.

Use budgeting software to keep more of what you make.
Use budgeting software to keep more of what you make.

Three Concepts to Find the Best Budgeting Software

These difficult times make finding the best budgeting software nearly as important as the decision to budget in the first place.  If you are trying to find the best budgeting software the answers can be found in these key words:

- Easy,

- Customizable

- Output

 

Finding the best budgeting software is a personal decision, which depends on our knowledge of the features, and more importantly, how we intend to use them.

Easy and Customizable

Easy:  The easiest is a lined note pad and pencil, but were talking software so that would be a spreadsheet with simple lines and columns.  Since “there ain’t no such thing as a free lunch”, we know that there is a tradeoff between ease of use and customizability.  If you are one that needs frequent technical support, there are online programs, which provide support (for a price) to the end user.  Many of the computer programs permit a “test” version which allows use to check out the functionality to determine if the program meets our needs and abilities.  It is important to point out that many of the “easier” programs may lack the flexibility to expand as our needs change.  This may be important for those of us that consider a home-based business in which there may be multiple tax categories to assign to our future income and expenses.  Some programs may lack the capability to compare actual versus projected income and expenses and many may be quite limited as to the types of reports they can generate.

 

Customizable:  Customizability can be as simple as changing the title of a given category to creating several subheadings under an overarching category such as real estate expenses.  Have you considered that there may be business meals, and the acquisition of books and other educational materials that may be associated with the real estate business?  Each one of these should have its own separate category and have its specific tax category assigned.  Can the system keep track of multiple bank accounts, or stock portfolios?  Many forms of budgeting software permit the downloading of bank account transactions eliminating the need for tedious and time-consuming manual entries.

Software - The Output

Output:  All the data in the world will be useless if you are unable to view it in a way that permits you to take the proper action when it is called for.  The best budgeting software permits you to customize the output of your data in the form of reports.  Ask yourself the following questions:

  • Do you assimilate information better if it is presented visually, such as in a pie chart or bar graph rather than in rows and columns?
  • Do you have multiple categories that need to be tracked requiring separate reports or do you just need an income and expense report?
  • Do you need to track by specific time period, such as quarterly or do you just need the information at the end of the year?
  • Does the program permit you to develop a “template” that can be adapted to some or all of your categories?

 

The best budgeting software needs to meet both your current and future needs.  Consider all of the features, “test drive” several options, determine how much time you have to input data and to review what you have entered.  Remember, the best budgeting software is a waste if it is not used and used properly.

Comments

    0 of 8192 characters used
    Post Comment

    • aikidk01 profile imageAUTHOR

      aikidk01 

      9 years ago

      Thacker - Thank you. Just thought I would vary the subject matter. In this economy, the concept is important.

    • profile image

      thacker 

      9 years ago

      Hey Aikidk01,

      Another good blog. Little different subject then what I have seen from you in the past but your hubs are always quality hubs and give me great ideas!

      Thanks

      thacker

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)