Money Manager Ex

Paychecks tend to disappear as fast as they come, so finding a way to manage your finances is the key to your well-being. Money Manager Ex is a program that was designed for this particular reason.

The app comes with a simple interface and an intuitive layout that is easy to figure out, regardless if you’ve worked with a similar program before or not.

Thus, you can fill in entries every time money comes into your bank account and for all the payments you need to make. You can create monthly budgets.

This requires that you write down the estimated income and all expenses. The app lets you edit entries under various categories, such as “Automobile” (gas, maintenance, parking and registration), “Bills” (cable, electricity, gas, Internet, rent, telephone and water), “Education” (books and tuition), “Food”, “Healthcare” (dental, eyecare, prescriptions etc), “Leisure” (magazines, movies etc), “Taxes” and “Vacation”, just to name a few.

This should help you keep a better eye on all your expenses and teach you how to better estimate the monthly balance.

Also, you can create databases. These require a base currency (Dollar, Euro, Pound, Swiss Franc, Zloty and Ruble). There are three types of accounts that can be created: Checking/Savings, Investments and Term accounts.

Setting these up can help you know how much money you have in your accounts and even how profitable the stocks you’ve bought have been.

Money Manager Ex can create various types of reports, such as account summaries, income vs. expenses and cash flow, just to name a few.

The bottom line is that Money Manager Ex is a nice program that can be of great help. Inexperienced users should have no problems with this software, thanks to the intuitive interface.