Financial Tracking - Software beats Paper
Tracking your finances accurately is a necessity. The thought of organizing and tracking your finances brings on thoughts of sifting through piles and piles of paper work just to find any relevant data. The keyword here is data. You still need to process, organize, and structure all this data, by busting your brain and pulling your hair out, to make it useful to you. I know there are some people that are old school and don’t like change, but we are living in the age of technology and computers…let’s put it to good use! The ability to see ALL aspects of your finances put together in a processed and organized manner is a godsend, giving you the ability to make smarter financial decisions. Today I decided to take my financial planning to another level…digitizing it. I did some research and decided I would choose Quicken over Microsoft Money. I’m a sucker for cnet reviews, plus I’m not much of a Microsoft fan boy. With Quicken you can connect to your financial institutions (banks, mutual fund companies, credit card companies, etc) and it will update your info seamlessly. You also have the option to scan your paper work and encrypt that information locally on the hardrive. Let me tell you now, Paperless is the future! Aside from Quicken and M$ Money, there were online options available such as mint.com, wesabe.com and yodlee.com, but I’m still a little hesitant to use such services. I guess there’s still a little old fashioned in me, but who knows…maybe one day. Regardless of what you choose to track your finances, the goal here is to do it (easily) and stick with it!
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