Almost 90% of the people seem to lose money when they invest in shares. This is the figure provided by official stats. People who have invested in shares without knowing what exactly they are doing have often seemed to lose money and if they show more over determination again, they may even get bankrupt.

The most significant reason for this is the illiteracy of the people regarding the principles and strategies of managing their investments. There are many rules in the game of share trades that needs to be known before you make a remarkable investment. No sensible person should be investing more than 2% of his capital in a single trading. All the professional traders will not make a trade worth more than 20% of their capital.

Trading is not a casino game or a gamble. You can’t just walk into the market and throws millions on random trades. Trading is an art of pure calculation and timely actions.

However thanks to the advanced money management tools that seems to have a trading option attached to them. This trading facility or module of the personal finance management software helps you make effective trades. They will notify you when you are about to make non sensible actions in trading. If you go against any of those trading rules, they will automatically notify you not to make that mistake. So in addition to helping you manage your personal finance, these tools are also capable of providing smart trading options. So, do not forget to check out the trading tool in your money management software.

Quicken personal finance software has many customers and is a well regarded product, however the decision by Intuit to withdraw the product from the UK is causing many of their customers problems.

Is Personal Accountz money management software a good alternative? We investigate in this article.

Although many existing Quicken customers can, and do, use their software to manage their personal finances, they experience problems when they upgrade their operating system. UK versions do not work on the latest operating systems such as Windows Vista and Windows 7.

So if an older PC starts to fail and a new PC or laptop is required, existing customers can be left high and dry. They have to either just use spreadsheet for their personal accounts, or find another system to use.

The problem for these people is that Microsoft has also withdrawn the excellent Microsoft Money product from the UK so selecting suitable money management software is starting to become more difficult.

Luckily there is a UK based personal accounts product available that is well regarded, easy to use, and most importantly supported by an English company that has ambitious plans for its futures. It’s product is called Personal Accountz and it is being actively developed and supported by Accountz.com.

Not only is Personal Accountz fully compatible with Windows 7, it is also works with the MAC Snow Leopard operating system and even Linux.

Being able to run Personal Accountz on a number of operating systems is a definite plus, but so is it’s price. It costs only

Let us make a clear comparison of the money management tools that are available today. The top favorite money management tool today is compared here to give you a clear picture of how they are used and make you understand what are the drawbacks and excellent features of these tools.

What I am giving here is only a personal review of the best three tools. The one that suites you the best has to be choose by you. A tool that suites a particular person may not be the best for another. So, the choice depends completely on the individual to choose the one that is the best for him.

1. BankTree Personal- Priced at $51, the BankTree personal is an efficient money management software. The interface is fully user friendly and even an eight year old child can operate it easily. But the cost is the problem. It is one of the most costly software for managing your personal finance.
2. Money Essentials from Microsoft – This is a product that is priced around $20. Being the cheapest tool, it is still offering comparable facilities comparable to that of the BankTree Personal software. The option for calculating taxes is the best feature of the Money Essentials from Microsoft.
3. Quicken Starter Edition – This is definitely the best one among the three products. If the other two are good, Quicken Starter Edition is definitely excellent. If offers an advantage above all the other three software in terms of price, quality, features and usability.

What are the basic aspects of money management software that you need to look out for?

Obviously, ease of use is the top consideration. No point in getting a soft ware that is harder to use than piloting a space shuttle is! Let us have a look at some important points below:

The major ones will be discussed below.

1. User Friendly Interface: As I said earlier, there is no point in buying software that is not easy to use. Once something is easy to use, we repeatedly go back and use the same one. Research has also shown that an easy user interface allows users to feel less stressed over their calculations.

2. Consumer Feedback – It does not take a rocket scientist to figure out that if you have a good product, you will have more consumers and more consumers will imply better feedback about your product. This feedback enables you to design your product better. Thus you enter into a good cycle of feedback and improvements.

3. Security – Since it is about your financial information, it is important that it does not fall into unscrupulous hands. Thus a good product ought to be a secure product as well.

4. Affordability – Again, most consumers want a product that is easy and safe to use yet are not willing to pay much. This means making an affordable product is very important.

5. Social and ethical values – A consideration must be given for social and ethical values in good financial management software.

Managing your personal finance and personal budget is now very easy. You can now manage all your finance by using one of the thousands of money management software available online.

Making budgets used to be a very difficult and boring task in the past. One had to spend many days and weeks working on his personal finance budget for himself or his family. The husband and the wife had to spend many sleepless nights working on their house hold budget. But once you have made a budget for yourself, making a small change to it was almost like starting it all over again.

This is not the case now. One can very easily and effectively use any one of the money management software that is available online to make his budget. The making of a personal budget is now as easy as doing some data entry. You will have to enter all your financial details like income, expenses etc into the software and then it is left for the software to make up a plan for you. The financial plan that is generating by the software is completely personalized and will also include options like making savings and accomplishing your financial dreams.

It is easier that ever now to make your own personal finance management plans using the tools available. Thanks to the development of the technology and the masterminds who created such efficient tools. So forget your pen and paper budgeting method and begin financial planning using the new software.