Free Budgeting Software

Written by Sarah Provost
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If you'd like to get a better grasp on your finances, there are many sites online that offer free budgeting software to help you. Basically, we all know how to set up a budget. You list your expenses, both essential and non-essential, and then keep track of how much you spend in each category. But knowing how to do it doesn't always mean that we actually do it. It can seem tedious to do all that arithmetic.

This is where budgeting software can really help. Each time you make an entry, the calculations are done for you automatically. You can also set a budgeted amount for each category, and the software will keep a running account of how much you have left to spend.

Another way in which software helps when you're setting up a budget is to remind you of all the possible categories. You know you need to allow for your mortgage and groceries, but you might not think about including credit card interest or setting aside money for gifts. It's also easy to forget about things that only come around once a year, such as association dues and membership fees.

Budgeting Software Helps You Look Beyond the Current Month

These expenses should be spread out over the course of the entire year. Using budgeting software helps you keep track of what you need, when you need it, and how much you should set aside each month to meet that need. Budgeting software will ensure that you don't find yourself spending everything you make in June and then having to scramble to pay your car insurance in July.

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