I have been looking for quite some time for a personal finance management software. I prefer to have something online because my wife and I both need to access it at any given time. I was thinking however that there are quite a lot of people who are not comfortable with having their financial data online and would much rather have it stored locally on their computer.

I have found a personal finance software that is both open source and Windows/Linux compatible. Meet Money Manager Ex. “Money Manager includes all the basic features that 90% of users would want to see in a personal finance application. The design goals are to concentrate on simplicity and user-friendliness - something one can use everyday.” They really have done what they set out to do, and that is to make a simple to use tool for everyday while still offering the most important features.

The main features include:

• Intuitive. Simple, Fast, Clean
• AES Encryption Support
• Maintain checking, credit card, savings, stock investment accounts
• Budgeting
• Maintain and Track Fixed Assets with depreciation
• Reminders for recurring Bills and Deposits
• Simple one click reporting
• Cash Flow Forecasting
• Graphs, Piecharts
• Does not require an install. Can run from a USB key.
• International language support (Available in 24 languages)
• Import data from any CSV format, QIF [ Microsoft Money ]
• Printing, Exporting to HTML, CSV
• Non-Proprietary SQLite Database

Within minutes you will have your accounts setup through the wizard and will be able to start putting in your expenses and credits. You will be amazed at how easy it is to add categories and payees while you are in the entry window. Most software I have used in the past forces you to manage your categories and lists in their own sections, but not here. Once you type in the new name, click add, then click select and it’s done!

Given that this is open source, I really suggest you check it out if you are in the market. I think you will be pleasantly surprised.