Despite record levels and debt and spending by the US government, the average US household has been tightening their collective belts, and making it a priority to spend less, and get out of debt.
According to an Equifax report released on Sept. 25, 2012, areas including Detroit, Las Vegas, Los Angeles, and Sacramento, Calif., posted a larger than 1 percent decline in overall credit card debt in August, compared to the same period a year ago. Budgeting and finance guru’s like Dave Ramsey & Suze Orman are now household names, and they’ve helped more and more families realize that getting out of debt is the only way to survive in a depressed economy.
In addition to listening to these talk show celebrities, every day, thousands of families are turning to financial software to help manage their finances. These powerful and comprehensive budgeting tools have rendered the idea of returning to an Excel spreadsheet akin to deciding to cut a 2×4 with a hand saw. Yes, it’ll work, but why spend extra time and effort only to end up with a result that isn’t as clean?
“I wish I could rely on the same personal income levels I had several years ago, but I can’t. The only way I can make ends meet is by cutting back on any unnecessary spending, and sticking to a budget. I use a personal finance software package called YNAB (you need a budget) to help me stay organized and on track.” Says small business owner Brian Evans from Boise Idaho.
There is no shortage of personal budgeting software to choose from, and the decision on which software to use isn’t something to take lightly. With all the time required to input, upload, configure, connect all your various accounts and familiarize yourself with the reporting, it has all the feeling of a long term relationship ……. with the pain of breaking up being just as real. Since the task of picking the right software solution can be daunting, many families are turning to personal finance software reviews online for help and insights in order to make their final choice. But according to Dustin Aldrich, the owner of a personal financial software review website, the results are real, and very much worth the initial pain of getting started.
“I get e-mails and blog comments every week from people who are now debt free. You can’t imagine the freedom that comes from not owing anyone else any money. It instills a certain confidence, that no matter what happens with the economy, you’re in a position to not only survive, but thrive”.
It may seem like a daunting task to many, but experts agree that the sooner you start using a financial or software budgeting tool, the better. Getting out of debt is just the first step to financial freedom. Planning for emergencies, retirement, and even college tuition for the kids are all very important considerations.
Here are some helpful hints from the experts for those just getting started:
1. Add up all your income, expenses, and debt, to get a realistic snapshot of your financial situation.
2. Set long and short term financial goals.
3. Find personal budgeting software that you feel comfortable with.
4. Use your finance software to create a budget and a plan to pay down debt.
5. Track progress monthly and to find someone that can hold you accountable
6. Seek motivation and advice from someone who has already achieved the financial goals that you set for yourself.
7. Most of all get started today!
For more details please visit: http://personalfinancesoftwarereviews.com