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Personal Finances 3.2 to Help People Track Budget More Easily

With the economy in such poor shape, people start budgeting and turn their head to online personal finance programs. However their complexity is often so frustrating that many cannot event understand whether they lived within a budget this month or not. As a result, users come back to the simplest personal finance tool - pencil, paper and brain. The folks behind Personal Finances 3.2 think it doesn't have to be that way.

February 5, 2009 - Alzex today announces Personal Finances 3.2, the newest version of a personal finance manager that will help users to track income and expenses quickly and virtually automatically. With a glance at its reports and graphs, users will understand their earning and spending patterns, find areas of excessive expenditure and cut down unnecessary expenses. Personal Finances also provides future planning. Users can project expected spending and income and know their exact financial situation at a future date.

"Many people don't understand the concept of online personal finance, and authors of online personal finance programs don't make it any easy," says Alexander Shirokov, author of Personal Finances." In the spirit of making sure their software has every single function one may ask for, they keep on updating their tools with more and more features. These supersized systems make the budgeting task so daunting that many won't use software just to avoid the hassle and turn to the good-old pencil, paper and brain. In developing Personal Finances, we aimed this large "embarrassed-by-complexity" category of users and did our best to make budgeting simple."

With Personal Finances in place, the budgeting task is pretty much a snap. Running the program opens a simple, uncluttered interface that puts all the financial details, tools and options that matter most to you up front. The first thing one needs to do to start budgeting is to set up accounts, categories and subcategories. Personal Finances allows for any number of accounts, so the user can set up ones for bank account, credit card, and cash. The next step is to set up categories and subcategories. They will classify and sort income and expenses and help the user see this important data a meaningful and detailed way through reports and graphs.

The next step to budget is to enter transactions, which can reflect income and expenses. Transactions can be one-time or scheduled, which makes Personal Finances very handy for regularly occurring expenses, such as tax payments, electricity bills, internet, etc. Transactions can be identified in a number of ways, including categories, family members, and tags. Tags provide a way to differentiate between similar transactions that fall into the same category. Categorization by family members shows spending habits of each member of the family in reports.

Personal Finances offers the summary view of all transactions, reports by categories, family members and tags to see how much of the budget is allocated to each category or member of the family and identify areas to cut spending if the budget comes out on the negative side. The user can generate reports that cover any period of time. Results can be printed out or saved to one of the formats: HTML, CHM, or TXT.

With Personal Finances, one can have the convenience of the personal finance software without carrying around the laptop. When the user goes on a journey, he can install Personal Finances onto a USB stick and keep track of all purchases. This can come in handy when one needs to record his financial transactions. Simply plug-in the USB to any computer, update transactions and unplug it. No traces are left behind on the host machine.

New to version 3.2 are 50 superb icons for accounts, 200 icons for categories. Now the user can see the summary for a month, confirmed and non-confirmed transactions, and can group transactions by name.

Personal Finances runs on Windows 98/NT/2000/XP/Vista and comes in two editions: Professional and Freeware. For more information about the product or to download a free 30-day trial, visit www.financessoftware.com.