Keeping Track of Finances

Sunday, May 25th, 2008 at 5:27 pm

Quite a while back, my wife (who happens to run the blog, www.gardentrends.ca) and I were trying to find a good way to keep track of our savings / chequing accounts. I know there had to be a FOSS program out there that would do the trick. We tried out a number of different options before finally deciding on Money Manager EX.

Some of the criteria we used to end up with our choice:

  • Free
  • Easy to use
  • Handle multiple accounts
  • Graphical reporting
  • Able to outline a budget
  • Categorize line items
  • Not online (for some reason I don’t trust many people with my financial data, let alone some random website)

Here are a couple of screen shots I borrowed from the source forge project page to give you an idea as to what the interface looks like.

Reports:

Money Manager: Report Screen

Budget Setup

Money Manager: Account Screen

Creating an Entry

We have found it quite valuable to have a running tally of where we are at, what cheques we have written that we haven’t accounted for (there is a ‘reconciled’ status), and how we’re doing on our budget (how much do I spend on fast food? oh my….).

Unfortunately, it seems like the project is no longer under active development. But, since it meets all of our needs that hasn’t posed an issue yet. There are a couple of odd interface quirks that would be nice if they were sorted out, but nothing that is a deal breaker.

If your looking for something similar, be sure to give Money Manager EX a chance. You may be pleasantly surprised.

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