Quite a few people struggle in effectively managing financial resources and end up succumbing to debt and default (in extreme cases). To avoid such grave situations, it is beneficial to use personal finance monitoring and management tools, but this option takes up some of the money, you’re about to manage. Money Manager Ex is a free, cross-platform, user-friendly personal finance management tool that focuses on optimizing the sources, methods and disposal of resources. With features like AES encryption support, budgeting, cash flow forecasting, one click reporting, maintaining multiple accounts such as credit card/stock/investment flows via an electronic checkbook, import data from Excel, CSV and QIF formats, export to CSV and Excel and more, you can effectively manage your finances to make the most of what you have. With multilingual support, you will be in a position to reclaim your life, wherever you are.
As soon as the installation completes, you will be asked to select from 24 different languages. To change the language, you can set the preference from the options in the program.
The Money Manager Ex start page is a simple yet resourceful place to serve as the headquarters for your operations. You can create a new database, open an existing or recently used database or get help with a single click (user manual and online support). Moreover, you can enable the option to skip this page for future access.
The database is then stored at the specified location with the .MMB extension that encompasses your financial information. As this information is important and sensitive, it is recommended to frequently backup the data for easy recovery. To do this, you can save (by clicking Backup before opening on the Options menu) and encrypt it using the Save database as an option. The main window allows you to set up a new account where you must specify the account title, type, location, contact, status and currency along with notes to serve as important reminders later on.
It not only manages accounts, but analyzes investments in terms of assets, gains, quantity and purchase dates. Budget Setup and Report Generation allow documentation on the basis of the details provided. The left sidebar makes each feature accessible including Transaction Reports, Cash flow and Statistics that are bound to improve your financial outlook.
By treating your data in three steps: account summary, where the money goes and where the money comes from, it further enhances the resource utilization approach for the better. Furthermore, the Tools menu allows you to organize categories, payees, currency etc., coupled with filters and custom SQL reports.
In conclusion, Money Manager Ex is an easy-to-use but powerful personal finance organizer and optimizer that promises to reform your life for good. We tested this utility on Windows 7, 64-bit edition. It supports Windows, Linux and Mac OS X.