Big List of Free Budgeting Tools and Software
More than a month ago, I wrote a post about tracking your spending for a month. I tried to think of the best way to budget, but I don’t think there is anything that works for everyone.
Everyone knows about MS Money and Quicken, so instead I’ve decided to compile a resource of free budgeting tools so that people can try them out on their own. Try a few. Get some ideas. Make your own. The important thing is to find something that works for you.
Here they are in no particular order:
- SimpleD - An “open source Windows application designed for personal or household financial management.” The screenshots actually look pretty slick.
- AceMoney Lite - Freeware version of an offline personal finance management program. It even downloads stock quotes from the internet. Thanks Ken.
- PearBudget - An Excel spreadsheet that has definitely had a lot of time put into it. It’s a bit busy, but I still like it.
- Microsoft Office Accounting Express 2007 - Seems targeted at business, so this may be overkill for home budgets. But amazingly it’s free!
- Yodlee MoneyCenter - Initially just an account aggregator, Yodlee now offers spending categories which can be used to help you budget. (Why I use Yodlee for account aggregation.)
- Stackbacks - The “Stackbacks Automated Budget System” is more of a budgeting setup guide than a tool, but hey, download the .pdf and read away.
- Buddi - An open-source personal finance and budgeting program, which will run on any machine with Java installed. Thanks Gerard.
- Budget On Web - Also more biz-oriented, it is a “free online system that integrates project management with contacts management and financial tools.” Free up to 5mb of storage, that is. But that sounds like plenty for personal needs.
- Mo.neytrack.in - A “free online webapp that allows you to track all your expenses and income.”
- Grisbi - Another offline open-source personal finance app.
- MySpendingPlan - A free online budgeting software system that works on the ?”envelope” system. (Somewhat dated overview here.)
- PHPFIN - An open-source personal finance management program. It seems like you have to install it on your own server?
- GnuCash - “Personal and small-business financial-accounting software, freely licensed under the GNU GPL and available for GNU/Linux, *BSD, Solaris and Mac OS X.” Does OFX and QIF imports.
- Budget Master - A free personal budgeting program that offers charts and visual reports.
I haven’t had the chance to look through all of these, but if you go to SourceForge and search for “budget”, you get a variety of programs. Some look interesting and some haven’t been updated in a while.
Unnamed “Homegrown” Spreadsheets
Some of these I have on my computer, but I can’t remember where I got them from. Either it was downloaded somewhere where it was openly available, or someone e-mailed it to me and said it was okay to distribute. I do not take credit for any of them.
- Spreadsheet #1 - Very simple budgeting spreadsheet. Nothing fancy.
- Spreadsheet #2 - by a Neil Rothman - A bit more advanced with pull down menus and better layout.
- Spreadsheet #3 - Not sure who made this, but according to the file properties it was by “Anne, Edward & Frank Robinson”.
- Spreadsheet #4 - Another simplistic spreadsheet, author unknown.
- Spreadsheet #5 - Submitted by user Tony B. Instructions on use are included.
- Within Your Means - Via LeisureGuy, it looks like pretty polished.
This list is will be updated as I find more. If I missed anything or you have your own spreadsheet to share, leave a comment or shoot me a message with it attached.
Find more in Budgeting, Tools & Calculators | 11/13/06, 1:13pm | Trackback
November 13th, 2006 at 4:16 pm
Added Microsoft Office Accounting Express 2007 and Buddi.
November 13th, 2006 at 5:12 pm
Added Budget On Web, Mo.neytrack.in, and Grisbi.
November 14th, 2006 at 4:08 am
This is a really useful list — thanks!
November 14th, 2006 at 5:06 am
No Yodlee?
November 14th, 2006 at 5:56 am
SimpleD has some good features as well, although it didn’t work for my style of budgeting.
http://dsbudget.sourceforge.net/
November 14th, 2006 at 7:36 am
You may want to know that MySpendingPlan’s security certificate for data encryption is reported to have expired 11/4/06 at 8:45 pm & as of a few minutes ago had not been renewed.
November 14th, 2006 at 9:58 am
How about Yodlee? It’s free and can help track spending.
November 14th, 2006 at 10:52 am
[…] I believe everyone should operate off of a budget. I definitely try to. I plan on really buckling down with a budget and keeping up with my spending after I say “I do” this Spring. This is a good post on MyMoneyBlog.com about some free budgeting tools. Most everyone is aware of Microsoft Money and Quicken but he lists some?FREE budgeting tools. Some are online software, others are simple as spreadsheets…whatever you prefer. […]
November 14th, 2006 at 7:00 pm
Added Yodlee, SimpleD, and spreadsheet.
SimpleD actually looks pretty cool, I like the purty graphs
Gonna download it.
November 15th, 2006 at 4:46 pm
Added AceMoney Lite and spreadsheet by Tony.
November 15th, 2006 at 8:35 pm
If anyone uses the Linux operating system, there’s also an excellent Quicken-like clone called gnucash which can be found here: http://www.gnucash.org.
November 16th, 2006 at 8:47 am
This is an interesting post to me just because I am debating to whether or not purchase Quicken 2007 (Deluxe on sale for $39.99, Basic is $29.99 - is there much difference?). My bank website says I can download my info for Quicken 2005…so does that mean if I buy the software it won’t work? Maybe I should try out these free ones….
November 16th, 2006 at 11:24 pm
[…] Check out the other money-saving tools?at MyMoneyBlog. […]
November 17th, 2006 at 7:21 am
Friday Links - 11/17/2006…
It’s Friday and you know that means–time to take the day off from posting (because I sooo post every day) and do a recap of some interesting posts out there.
-Jonathan over at My Money Blog has a great list of free budgeting tools.
-That cr…
November 17th, 2006 at 7:23 am
They have some good excel sheets on the Microsoft Office templates website. I use this one:
link
November 17th, 2006 at 7:37 am
Since linux came up — KMyMoney is awesome — I run it on (K)ubuntu and it works beautifully. It also has built in connection capabilities to various banks/financial instituitions to download data
http://kMyMoney2.sourceforge.net or for apt-get lovers — apt-get install kMyMoney2
November 26th, 2006 at 11:09 am
[…] Jonathan @ My Money Blog has a list of free budgeting tools. […]
November 26th, 2006 at 12:30 pm
[…] Here’s an annotated list of free budgeting software tools. […]
November 27th, 2006 at 2:18 pm
I like to use this free tool that I found at Free Budgeting Tool
November 27th, 2006 at 10:47 pm
I sat down today after dinner and started on this budget. I opted for the first spreadsheet to keep track of expenses but I think I’ll need something a bit more sophisticated that will put together reports/graphs.
Thanks again for pulling together such a large list!
December 22nd, 2006 at 7:51 am
[…] The Bad Of course, there is always things I need to work on. We are also still on the look out for a method of tracking our spending that works for us, despite finding a bunch of free budgeting tools to help us. […]
January 14th, 2007 at 1:31 pm
[…] Investing/Personal Finances 18. Enroll in free online investing courses with Morningstar. 19. Get your personal finances organized! It may be costing you more money than you think. 20. Use these free tools to track your finances.? […]
February 14th, 2007 at 10:19 pm
I wouldn’t call it a free tool… but Bank of America has some power full “PortFolio” option on their Online Website. Its free to use, and it works wonders!
February 14th, 2007 at 10:21 pm
I use MyPortfolio myself - it is actually a licensed version of Yodlee MoneyCenter.
February 17th, 2007 at 8:22 am
There’s also kmymoney. Thanks for this list!
March 25th, 2007 at 4:33 pm
IndyBudget!
May 14th, 2007 at 7:02 pm
Hi,
I used http://www.buxfer.com recently & it works great, very simple to use. Also I feel before we jump into budgeting, planning, retirement, investment ..the first goal is to just track your expenses for few months & then create a budget based on the AVG spent in all categories, it helped me a lot that way …buxfer also has budgeting capabilities now ..
cheers
Sandeep
May 27th, 2007 at 10:05 pm
I was looking for a free tool, and tried some of the above mentioned ones. Acelite is good, but note that the free version allows only one a/c, so basically the free version is useless, don’t even bother.
I liked buxfer interface, but categorizing transactions is a pain. (you can set up one time tag, and then it will do it automatically). Wasabe is somewhat similar, but buxfer definitely has a better analysis presentation (graphs, charts).
What took me by surprise was Yodlee. It is so intelligent that once the a/c is setup (you need to give id/password), it automatically updates your a/cs. The best part is it even automatically categorizes the transactions! Although the analysis is not presented in the best graphical way, if you have lots of a/cs (banks, credit cards, retirements, brokerage investments, etc.) and want to save the trouble of downloading transactions from each one and loading into one of these tools (online or local), you want to go with Yodlee. I don’t why they don’t advertise it so much, but so far it is the best I have seen. I must add that about 7- years ago (yes, I am in IT, and adventurous) I was using similar a/c service from Chase, but it is no longer available.
September 24th, 2007 at 6:27 am
I just tried a bunch of these over the weekend. I didn’t try Mint yet as it scared me off with its initial questions for accounts and passwords.
My finalists are easily: wasabe and yodlee.
I can’t quite decide, but both of these perform automatic downloads … and I like the tagging allowed by wasabe. Even some of the advise is actually pretty useful!
The winner initially is yodlee, but I’m going to try both for a while
and see which one feels right to drop.
I was able to see everything I wanted on wasabe and didn’t consider the tagging very hard. It was more work than yodlee because of all the pre-categorization that yodlee seemed to do (somehow).
Wasabe did allow me to set spending limits (I was kind of trying to impose a mvelopes style limit) — but its kind of obscure and new currently. The forums at wasabe seem very interested in improving and talking to their use base.
I’d already take either one of these over Quicken !
October 20th, 2007 at 10:57 am
Mint.com. It’s FREE and it uploads your account info from your bank and credit cards so it keeps your finances current. Really cool…
November 7th, 2007 at 3:47 pm
FYI, according to Mint.com’s user agreement, they use Yodlee to get the third party data into your account… so it sounds like Yodlee may be the best way to go with less “touching”.
November 8th, 2007 at 7:05 am
Also, MINT.com is still working on to get data from a/cs other than bank and CC, e.g. Retirement, brokerage etc. While Yodlee already does that. I think Yodlee is the best, especially when MINT is also using their engine. The cool thing abut MINT is the website looks nice. I think all the time they spent while in BETA was to make the website nice, instead Yodlee has a very simple, not attractive look, but has a functionality.
December 21st, 2007 at 9:10 am
What about Mint?
January 2nd, 2008 at 9:09 am
AV: Did you read the coments? See the previous post.
January 30th, 2008 at 10:23 pm
[…] You can work through this using free budget worksheets, forms or software such as the ones listed here. […]
April 11th, 2008 at 4:07 pm
A friend told me about this little free online personal budgeting utility, and I have been using it for 2 month now, it is nothing short of amazing, a dream for those who like to be in control of their cash. Totally anonymous, safe, simple and easy to use and very functional.
It’s called “Out Of The Dark” and it is available at:
http://www.myexp.org/OOTD_gate.php
Enjoy.