Using computer to manage money is good way. It is best for performing routine task quickly and for aiding you with research.
You can access two major repositories of personal finance through your computer. They are two important categories defined as software and the Internet.
– Software refers to computer programs that are either packaged in a box or DVD case or are available to be downloaded online. If you’ve ever used a word processing program such as Word or a spreadsheet program such as Excel, then you’ve used software.
Internet is a vast ocean of information that you can generally access via a modem, cable modem or DSL(digital subscriber line). These devices allow you computer to talk with other computers. To access the Internet, you need a Web browser, which you can obtain through your Internet service provider (ISP).
Most of the financial stuff on the Internet is supplied by companies marketing their wares and, hence is available for free. Some sites sell their content for a fee.
Financial software benefits
Financial software could help you to :-
– Guide you to better organization and management of your personal finances.
– Help you complete mundane tasks or complex calculations quickly and easily and provide basic advice in unfamiliar territory.
– Make you feel in control of your financial life.
Mediocre and bad software on the other hand can make you feel stupid or at the very least, make you want to tear your hair out. Lousy packages usullay end up in the software graveyard.
A good software package could help you better manage finance. It should simply and concisely explain financial terminology and it should help you make decisions by offering choices and recommendations, allowing you to ‘play’ with alternatives before following a particular course of action.