How to Create a Budget with MoneyLine Personal Finance Software

How to Create a Budget with MoneyLine Personal Finance Software

Learning how to create and manage a budget is an important step to becoming more responsible with your money and achieving financial freedom. In order to save money, you have to understand where the money you earn is going. With MoneyLine Personal Finance Software, you can quickly learn how to make a customized budget that you can stick to.

Download MoneyLine to get started: https://www.nchsoftware.com/personalfinance

Download MoneyLine for Windows

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Create a Budget and Generate a Budget Report

How to create a budget

1. Set up a new budget from the budget popup window and name your budget
2. Select accounts to include and deselect accounts to leave out of your budget
3. Plan your income by entering in the income amounts next to their source
4. Create categories for your sources of income
5. Plan your expenses by typing the amounts next to their source
6. Run a budget report and save, print, send, & share

Download MoneyLine for Windows

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Do the Splits and See Where Your Money is Going

Managing your personal finances is much easier when you know exactly where your money is coming from and where it's going. MoneyLine Personal Finance Software helps you track your cash flow quickly and easily.

One of the easiest ways to see what's happening with your money is to use the split transaction feature in MoneyLine. For example, let's say you go to a store like Target or Walmart to buy groceries. Along with your groceries, you stop off in the automotive section to pick up a couple of quarts of oil, then stop by the clothing section to pick up a few pairs of socks, and finally drop by the toy aisle to buy a birthday gift for a young relative.

Once you're home and have put away the groceries and the other items you bought, enter the purchase in MoneyLine. You can either record the total amount of the transaction and stop there, or take a few extra seconds and split the transaction into different categories. After entering the total amount spent at the store, break down exactly how much money you spent on food and allocate that to the Groceries category. Record the amount spent for the motor oil to Auto, put the socks under Clothing, and finally the toy can go under Gifts.

You can even add subcategories to track things in still finer detail. For example, if you have two cars, you could make a subcategory for each vehicle underneath Auto expenses.

Over time, as you continue to categorize and split transactions you will have a better picture of exactly where you are spending your money. This helps when you are trying to create or stick to a budget—another feature of MoneyLine. You may find areas where you can cut back, or maybe you will find a few extra dollars that you can use for vacation and entertainment expenses—that's when keeping track of your money becomes fun.

Keeping track of your personal finances can be a chore, but with MoneyLine Personal Finance Software you'll find that it's actually a lot quicker than you may have feared.

Is It Checkbook or Chequebook?

"The United States and Great Britain are two countries
separated by a common language."

— Attributed to George Bernard Shaw
although there's some debate about that too

One of our customers in the United Kingdom recently pointed out that our use of the word "checkbook" in our MoneyLine personal finance software was incorrect and that it should be "chequebook" instead.

Here in the US the British spelling with a "q" "u" and an extra "e" looks pretty strange. But, then, I guess to folks in Great Britain the "c" and "k" in our version looks equally strange.

To top it off, our CEO is from Australia, and many of our software developers are based there too. So we have the conflicting Australian English to deal with as well. It can all get pretty confusing. Sometimes we need a translator just so we can all speak the same language. And we all speak English!

We Americans tend to think our version is the "correct" one, but what do you think? Do we have it right when we say "checkbook" in MoneyLine? Do you use "checkbook" or "chequebook?"

Stop Balancing Your Checkbook By Hand

How do you track your spending? Did you learn how to balance a checkbook in school? Do you take the time to go through it by hand each month? Or, maybe the question should be if you balance your checkbook at all?

The good news is that there is no reason for your checkbook to stay analog in this digital world. You can track your spending and balance your checkbook easily with simple software like MoneyLine Personal Finance Software, which will even download statements directly from your bank. So save yourself the trouble and the time of doing things the old-fashioned way without letting the chore gets left on the side of the road.

Free Mac Personal Finance Software

Our newest program, MoneyLine Personal Finance Software, is available for Mac OS X. We sometimes wait before releasing a Macintosh version of a program, but we have seen and heard the outcry of Mac users who are frustrated with the lack of updates and support of Quicken for Mac. So we are stepping in to provide MoneyLine as the personal finance software alternative for Mac users, to fill that hole in personal accounting software choices for Mac users.

From downloading transactions directly from your bank and digitally balancing your checkbook to categorizing purchase transactions to see where your money is going and stay in control of your personal finances. We hope you agree MoneyLine Personal Finance Software is an easy, consolidated way to organize and track your spending. But, do let us know anything we can do to make it an even better solution for Mac money management.

New Free Personal Finance Software

If you have multiple bank accounts and credit cards keeping track of all your spending can be difficult. Your money may be spread out, but that doesn't mean understanding of your personal finances needs to be disjointed.

MoneyLine personal finance software isd a brand new and free way for you to track all your bank accounts and spending in one, centralized location. Now tracking your finances couldn't be easier. With MoneyLine you can download statements and transaction details directly from your bank(s), reconcile accounts—or digitally balance your checkbook, log money transfers, and categorize purchases to help you stay organized and see where your money is going.

You work hard for your money, so make sure you know where that hard earned cash is going. Make managing your spending and balancing your checkbook less of a chore. Give MoneyLine a test drive and be sure let us know what you think and if there is anything else we can do with future releases to make managing your personal finances easier.