Minneapolis, MN (PressExposure) February 25, 2011 -- Personal Finance Software announces free finance software. This free personal finance software is helpful to individuals trying to take control of one's finances and bills. The software provides many benefits to users. Personal Finance Software is used by many individuals because it provides a wide variety of services. One effective service offered by this free software is bill paying. This service allows people to use online bill paying and make electronic payments when needed.
Electronic payments are much faster than sending checks in the mail. The other benefit of electronic payments is that people get an immediate confirmation that payment was received. This helps a person keep track of what payments have been made which are still pending.
Many banks offer electronic payments, but sometimes the company who is being paid can obtain personal banking information. This is one of the benefits of using personal finance software because no banking information is shared with the other party.
Personal finance software is innovative and different than other money management programs because this one also helps manage retirement. A person using personal finance software can keep track of their 401K. An individual can monitor deposits made by the owner and the matches received by their company. This provides constant reassurance that money is being contributed. The program can also help a person monitor one's investments in the 401K, if applicable. Trades and mutual funds can all be watched via the personal finance software.
Another benefit of personal finance software that is the software allows a user to easily calculate their net worth. Net worth is how much one is worth based on all aspects of financial data. In other words, a person's debts and assets are figured and balanced against each other. The ending result of when debts are subtracted from assets is a person's net worth.
Personal Finance Software offers this software for free as this company understands the importance of helping people become financially educated. The economic times today have put many people in difficult positions because they have struggled in maintaining their financial information. Personal finance software can help people in these situations by reducing the chances financial mistakes because of poor record keeping.