How do you manage money?

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Everyone has their own way to manage money, if you do not have one yet, probably you may want to starts off by picking one that best suits you and convenient to you. Even if you already have, inevitable doodad or temptation would also cause you to overspent, no matter how magnificent your plan is, without discipline, the plan won’t succeed. What’s the best way to enhance your financial situation to better track your money as well as saving more money. Try answering all these questions.

1) What’s your objective for saving?
2) What are your goals after saving?
3) What strategies can you use?
4) What tools available that you can use to better track your money?
5) Are you wasting time planning all this?

After answering all the questions, you will know what you want. You will have a better picture of what is your objective and goals, you are now better to manage money because you have a goal to achieve and you could review back after 6 months whether you are wasting time or not. You can scour the internet looking for the best available software to manage money. Using software to assist in keeping your finances in order is a great way to stay on track. Most financial software will allow you to keep track of income, expenses, and even your investments. Some even have the option to automatically download or connect to your financial institutions via the Internet, which can simplify the process even further. These are some of the best personal finance software you can find

1. Quicken Premier 2008
Intuit’s Quicken software has been a staple for many people for years, and the 2008 edition continues to deliver the goods. Quicken allows you to easily track every aspect of your finances, from income, expenses, real estate, and your investments. As an added bonus, you can also directly connect to your bank or brokerage account through the web so that you don’t have to worry about importing or manually entering data for most transactions. If you’re a Turbo Tax user, you’ll also enjoy the simplicity of importing your data from Quicken right into your tax return in Turbo Tax.

2. Microsoft Money Plus Premium 2008
Microsoft Money Plus Premium makes it easy to begin planning for your future, whether it is saving for college, getting out of debt, or building your retirement nest egg. Microsoft Money Plus Premium 2008 takes investment management to a new level with enhanced features that allow you to track your investments in great detail as well as having quick access to research tools.

3. Mvelopes Personal Budgeting System
Unlike Quicken or MS Money, Mvelopes is an online software tool. The real benefit to this type of system is that you can access your information from any computer that has Internet access. Mvelopes is also different in that it focuses on budgeting. Money and Quicken have a broad coverage of financial tools, but Mvelopes lacks the more advanced investing and reporting features. But if you are looking for software that can help you get that budget started and keep track of where your money goes, this is a great alternative.

There is much available free personal finance budgeting online, such as:

1) Wesabe
2) Mint
3) Expensr

These online personal finance site are able to let you download your financial details from the bank to your open account in the website and help you track your transaction and the good thing about it is that you can learned from other members of this site to exchange ideas and discussed. The only thing that you need is disciplined to sticks to your goals and update it regularly.

Lastly, how do you manage money? Whether is it necessary for you? Personal finance is for everyone; let’s take a look at a bigger picture, a country need to have proper financial management to determine the in/out flow of money to ensure better economy. A company needs to have proper financial management to ensure business sustainability. Finally, individuals need to apply personal finance to prevent money problems from happening to you. The no.1 stress is money; do you want to be stress free? If you would say “YES”. Start now.