Setting these up can help you know how much money you have in your accounts and even how profitable the stocks you’ve bought have been. There are three types of accounts that can be created: Checking/Savings, Investments and Term accounts. These require a base currency (Dollar, Euro, Pound, Swiss Franc, Zloty and Ruble). This should help you keep a better eye on all your expenses and teach you how to better estimate the monthly balance.Īlso, you can create databases.
The app lets you edit entries under various categories, such as “Automobile” (gas, maintenance, parking and registration), “Bills” (cable, electricity, gas, Internet, rent, telephone and water), “Education” (books and tuition), “Food”, “Healthcare” (dental, eyecare, prescriptions etc), “Leisure” (magazines, movies etc), “Taxes” and “Vacation”, just to name a few. This requires that you write down the estimated income and all expenses. Furthermore, you can create monthly budgets. Thus, you can fill in entries every time money comes into your bank account and for all the payments you need to make. The app comes with a simple interface and an intuitive layout that is easy to figure out, regardless if you’ve worked with a similar program before or not. Money Manager Ex is a program that was designed for this particular reason. For a full list of changes, see the Money Manger Ex release notes (opens in new tab).Paychecks tend to disappear as fast as they come, so finding a way to manage your finances is the key to your well-being. The latest version of Money Manager Ex makes a few minor bug fixes, including resolving an issue that caused the search box to stop working in some circumstances. The reporting on offer is impressive, and the ability to run the program from a USB drive means it's easy to take with you and update your finances from another computer if necessary. Once you have this somewhat arduous task out of the way, it's really just a matter of simple maintenance, and the program provides you with a raft of tool to analyze your spending, make predictions for the future. Getting the initial database set up, while not particularly difficult, can be time consuming, as is the process of creating all of the categories you need to keep things organised. To get the most out of Money Manager Ex, it's important to stick with it. As it stands, Money Manager Ex is a wonderful halfway house between managing your money in a simple spreadsheet and going all-out with a fully-fledged finance app.
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