Why use Microsoft Money or other Personal Finance Manager
A common question that is asked is why use Microsoft Money, or another personal
finance manager (PFM) tool? I can go onto the Internet and use tools that do everything that Microsoft
The simple answer is that the web provides you with a whole variety of tools and
helps you manage your Money. You can track stocks, pay your bills, view bank accounts and do many other
However, using something like Microsoft Money or Quicken consolidate that information
into one place. You have all of your account information in one location. This allows a PFM to be able to
analyze your transaction and other data, something that the web can't really do, unless you can find one
place to hold all of the information.
A PFM provides an overall picture of your finances, and
allows a lot more tracking that any website can do. It has the benefits of having a lot of historical data
too, so spending trends and forecasts can be made. You can see all of your regular transactions in one place,
which is very useful if you use more than one financial institution.
In addition, because PFM programs
(especially Money) can utilize the Internet, you get many of the benefits that web based tools can provide.
Keywords: Website, About, PFM