Learn How To Start Investing In Real Estate
Learn How To Start Investing In Real Estate

Best Personal Finance Software For Real Estate Investors

Written by Than Merrill

Key Takeaways

  • Utilizing a personal finance software can help you plan and achieve your financial goals.
  • When choosing a personal finance software, it’s important to consider your unique situation.
  • Our reviews of some of the top personal finance software can help you make the choice that’s right for you.

As entrepreneurs and investors, we know that smart decisions are well-informed and backed by facts. We know the numbers always have to add up. However, when it comes to personal finances, many of us choose to live in the dark, either because it can seem like a complicated topic or because we are afraid of what we might find out when we take a careful look at our financial situation. Nonetheless, one of the best things you can do for your financial health is to create a habit of tracking, monitoring and planning your financials on a regular basis. Using personal finance software is essential to the life of a smart, savvy entrepreneur.

How To Find An Online Personal Finance Software That’s Right For You

When it comes to choosing a personal finance software, it’s less about finding the best personal finance software on the market, and more about finding the one that is best for you. When looking for the right personal finance software, you’ll want to take into consideration things like your financial goals, the complexity of your real estate portfolio, and your personal habits surrounding organization and technology.

This choice will vary from investor to investor, but the best choice is the one that you are able to form the strongest habits around. When you make monitoring your financial health a part of your regular routine, you empower yourself to make the smartest and most informed decisions, and you set yourself up to achieve your brightest financial future.

[ Thinking about investing in real estate? Register to attend a FREE online real estate class and learn how to get started investing in real estate. ]

Best personal finance software

10 Reasons Every Investor Needs Personal Finance Software

We all have those tasks that end up being put off or that fall by the wayside as busy entrepreneurs. Investors have a million to-dos, and when many of those feel urgent, bookkeeping and financial tracking/planning can take a backseat. However, if you are not keeping up with your books on a regular basis, you are doing yourself a major disservice.

Not only do studies show that individuals who regularly check-up on their financial health are richer than those who don’t, but if you maintain your finances in an organized and accessible manner, you can be ready for any opportunities that come your way – whether that means pitching to a private money lender or potential partner, taking the leap on your biggest deal yet, or even being prepared in the case of an IRS audit. By using personal finance software, you will have all the information you need at your fingertips to make informed decisions about what is best for you and your investments.

If you are still on the fence about whether or not you need some kind of personal finance software in your life, consider these ten ways that it can help you, no matter your financial situation:

  • Keep track of your personal KPIs, including worth, profit/loss and cash flow
  • Compare growth year to year
  • Manage your cash flow
  • Evaluate the effectiveness of your finance strategies
  • Analyze your investments
  • Be prepared for tax season by keeping all your info continually updated in one place
  • Be prepared and organized in the case of an IRS audit
  • Track your due dates and payments for ongoing bills
  • Use real data to raise capital with potential lenders
  • Knowledge is power

The last bullet is the most important and encompasses all the others: when you have a full, complete understanding of your personal finances, you are empowered to make the smartest decisions for your financial future. Using a personal finance software can make this an easy habit to adopt, and depending on your financial goals, there is surely a personal finance software available that works for you.

Personal Finance Software Reviews

  • Personal Capital (Free): Personal Capital is a simple, clean and user-friendly personal finance software that allows you to view all your accounts in one location. You can see a summary of your financials, including spending, net worth, and even your investment portfolio. Features include a retirement planner, an education planner, budgeting and investment monitoring, among other valuable additions.

  • Maximize My Social Security ($40/year): Maximize My Social Security does exactly that: you can use this software to determine when to take your social security benefits to get the maximum return. Additionally, it enables you to run “what-if” scenarios, to help you develop a full picture. You will simply enter your family information and your personal financial information, after which you can run multiple reports to see immediate results. This is a great option for those nearing retirement.

  • YNAB ($6.99/month): YNAB (You Need A Budget) is a basic budgeting app. You Need A Budget is an online personal finance software designed to help you stick to three basic budgeting rules: live within your means, get out of debt, and stop living paycheck to paycheck. It is a strong budgeting tool, but falls short when it comes to tracking investments, so this won’t be for everyone.

  • Mint (Free): Mint is a convenient, easily accessible and aesthetically pleasing free personal finance software that can give you a full view of your personal finances, including charts and graphs at the click of a button. You can access your dashboard at or using the Mint app to budget, track expenses, create and monitor goals, monitor your credit scores, and track investments.

  • Quicken for Mac ($34.99 – $74.99/year): Quicken for Mac’s latest iteration comes fully-loaded with the functionality that you expect from Quicken for Windows, now available on your Mac, with the exception of some advanced features. Quicken for Mac is still a top personal finance software, especially if you are interested primarily in budgeting, but leaves something to be desired when it comes to detailed investment tracking.

  • Banktivity 6 ($64.99): Banktivity 6 is a desktop personal finance software for Mac that has all the features of Quicken for Mac, and then some, making this an even more appealing choice for dedicated Mac users. Banktivity 6’s budgeting feature includes a tagging tool, allowing you to categorize different types of expenses, and the investing tools support bonds and options. Better yet, Banktivity 6 continually updates to improve the usability and features of the software.

Free personal finance software

No matter your personal finance software preferences, you are sure to find something that suits your needs with just a little research. Whether you need a platform that supports heavy investing or you need more basic budgeting tools, utilizing a personal finance software well-suited to your current situation is a crucial part of your financial health.

How do you stay on top of your personal finances? Please feel free to let us know what has worked for you in the comments below.