Keeping track of all your family's overall expenses can give you headaches, as each member has its own small budget. There are software programs that can help you better manage every expense and income of your family.
One such application is Family Finances. It allows you to create your householder account, then analyze the overall expenses and earnings of each family member, as they can create their accounts and work independently.
Reliable account managing tool
The application allows you to analyze financial reports collected from each family member, providing that you have the householder or “administrator” account. Each family member can create an account and manage their expenses and savings independently, but only the householder account will receive complete reports and analysis of the whole family's financial condition.
Furthermore, the program keeps a journal which contains every financial transaction that you made. This way, you can easily check the date and details of any monetary exchange you may have done, but do not exactly remember.
In addition, you can schedule periodical payments, as the application will notify you each time you need to make one.
Intuitive financial categories
Family Finances allows you to create custom categories of products that you can buy, besides the predefined ones, thus allowing you to specify exactly on what you have spent your money.
Besides, you can create new currencies by specifying their exchange rate with US dollars. This way, anyone can use the application, regardless of location.
The program has a couple of interesting tools, that can ease off your work. These tools can help you calculate the profit or debt that are created when you make a deposit or credit.
An all-encompassing financial analyzer
Family Finances can help you see the financial direction in which your family is heading, by offering you detailed reports that contain the expenses and earnings of each family member.