13 Best Free Budgeting Software For Windows

This is a list of best free budgeting software for Windows. These software help to manage and analyze your expenses for specified duration of time. Some of these software help to manage home budget only, while some other let you manage business budgets as well. You can create a personal budget and analyze it on weekly, monthly, quarterly, yearly, etc. basis. So, you don’t need to use pen and paper anymore. Just use a software from this list and manage your budget.

This list contains many software which keep on tracking transactions, profit and loss, investments, etc. Many of them support multiple currencies, so you don’t need to use currency of other countries for budget analysis. Also, in many of them you can specify account type as cash, checking, credit card, loan, investment, assets, etc. They even let you categorize your expenses in various categories. Some of these categories are automobiles, bills, education, food, gifts, insurance, leisure, other expenses, etc.

Apart from budgeting, you can also generate reports regarding transactions, income and expenses, cash flow, investments, taxes, and also budgets. In most of them, you can generate pie chart, bar chart or other graphs to visually analyze your financial status. Also, most of these budget management software let you import/export budget reports as CSV, TXT, QIF, QFX, and OFX files.

My Favorite Budgeting Software For Windows:

Money Manager EX is one of my favorite budgeting software. It supports multiple currencies, different types of accounts, manages full transaction details such as withdrawals, transfers, and deposits, etc. Also, it lets you manage monthly/yearly budgets for calendar, or financial year. In order to easily classify your expenses, it lets you categorize them in food, entertainment, automobile, etc. categories. You can also generate pie/line charts, and various budget related reports. Additionally, support for CSV, XML, QIF, and HTML format makes file importation/exportation very easy.

I also liked Gnucash. It lets you manage personal and business budgets as well. In addition to QIF, OFX, CSV formats, it also lets you export details as PDF file.

You may also like to check out best free Employee Management Software For Windows and Money Management Websites.

Money Manager EX

Money Manager EX is one of the best budgeting software for Windows. It supports multiple currencies, so that you can choose yours. You can add different types of accounts as per specified types, which are cash, checking, credit card, loan, term, investment, assets, and shares.

It lets you create a database to save information about added accounts. Also, you can specify account status as open or closed. During the addition of account details, it lets you specify the total initial account balance. It also manages full transaction details such as withdrawals, transfers, and deposits, so that you can keep an eye on your budget.

To manage your budget and track your expenses, you can set up yearly/monthly budgets in terms of calendar year, or financial year. After setting up budget for year or month, it categorizes your expenses in various categories such as automobiles, bills, education, food, gifts, insurance, leisure, other expenses, etc. Thus, it helps to manage your monthly/yearly budget by categorizing them.

Also, it lets you generate budget reports in tabular format to analyze budget performance for that year. You can also checkout category wise budget report to analyze the difference between estimated and actual budget. It also has an option to generate bar chart/line chart to show the report of usage for specified duration of time.

Additionally, it lets you import/export budget information in CSV, XML, QIF, or HTML format.

GnuCash

GnuCash is another free budget management software for Windows. You can use this software to manage home or business budgets. It lets you setup all your account details in your own currency as it supports multiple currencies including USD, NZD, EUR, INR etc. During the account configuration process, you can choose from various account types to manage them, which are Bank account, Cash account, Liabilities account, and Assets Account.

It consists of various menus. As you open ‘Actions’ menu, you can easily find out ‘Budget’ option. Now, you can create a database of monthly expenses, income, liabilities, equities, and assets. Thus, it is an effective personal accounting software that keeps tracking your assets such as investments, liabilities including loans, and other kind of incomes and expenses.

In this software, accounts are categorized in common account, childcare expenses, education loans, fixed assets, home mortgage loan, etc. categories. All these categories are further classified in various subcategories to give you an easy access to its various budgets and account handling features. So, you can create various types of accounts under different categories.

During the account setup, it lets you specify the folder and file format to store data. You can choose from XML, sqlite3, postgres, and mysql databases to save budget information. It also lets you import existing financial data from other programs that supports Quicken Interchange Format (QIF) or Open Financial Exchange (OFX) files. It also supports CSV format to import account and transaction details. At last, if you want, you can export all these details in PDF format.

Also, it lets you generate various types of reports and graphs such as budget bar-chart, budget report, budget flow report, etc.

jGnash

jGnash is another free budgeting software for Windows. It helps you to manage budget on daily, weekly, bi-weekly, quarterly, monthly, or yearly basis. Also, you can categorize budgets in one of following account groups: income, expense, assets, and liability accounts. It lists out all your expenses incurred on various things such as automobile, cell phone and telephone bills, foods, etc. You can also see the budgeted, actual, and remaining amount for all these expenses in the same list. It is capable of handling multiple account to manage their budget. To make a backup of these details, you can export budget details to spreadsheet using XLS, or XLSX format.

Under its Report menu, you get three options namely Export, Charts, and Account. Using Export option, you can export profit and loss report in text format, and also end of month balance in CSV file format. By using its Charts option, you can generate bar chart for income/expenses, periodic account balance, and pie chart (income/expense). Similarly, you can generate account related reports to check out net worth, balance sheet, etc. Apart from managing budget, it also lets you set reminders related to transactions.

Watch My Budget LITE

Watch My Budget LITE is another free budget tracking software for Windows. Using this software, you can easily keep an eye on your yearly, monthly, or weekly budget. This software helps to categorize your budget mainly in two categories, namely Income and Expenses. Furthermore, to easily classify your expenses, it has many other categories named as accommodations, household, personal, transport, giving, etc. You can customize all these fields as per your daily expenses. It will automatically generate and show you a graph of your budget as you enter income, budget period, and expenses.

It also lets you generate reports such as budget and forecast report, variety of carryover reports such as arrears reports, cash flow reports, etc., and more.

In the free version of this software, you can manually export these budget related data to Word or Excel files, or export data in PDF format by following instruction appeared as you open Export Data option.

It may take a little bit of time to learn how to use this software. But, you can use its help option to overcome any difficulty to use it.

MoneyWiz

MoneyWiz is a free home budgeting software. Using this free and easy to use utility, you can manage your mortgage and personal monthly budgets. Its interface is similar to excel sheets, which makes it familiar and easy to use.

To use this software to checkout details of your budget investments, you can make entries to various options. You can assign a budget for your home expenses, transportation, health facilities, charity/gifts, daily living , etc. expenses. After that, you can enter actual investment on all these expenses. Now, this software will automatically calculate the difference between assigned budget and actual expense. Thus, you can easily track investment of your monthly budget.

After creating a monthly budget report, you can export it in Excel format. There are many more features available in this software to manage loans, investments, taxes, etc.

Note: Always remember to save your entries, prior to exitting the application.

MoneyMe

MoneyMe is another free personal budget manager software. It is one of the easiest software to use in this list.

As you open this software, you can easily access option to ‘Add Account’. It can handle multiple accounts. After successfully adding an account, you need to open ‘Administration’ menu from where you can easily access ‘Add Budget’ option. Here, you can specify the budget holder name, and specify budget period as weekly, monthly, quarterly, bi quarterly, annual, etc. You can classify all your expenses in various categories such as food, entertainment, home, phone, etc. At the same time, it lets you specify initial amount (in $). Once you are done with these settings, you just need to enter your daily expenses to this software. It will automatically calculate and display the percentage of budget you have consumed. Thus, it reminds you about your monthly budget consumption.

It also performs statistical analysis to give the complete picture of your budget consumption. For that, you can generate pie chart, bar graph, and many other graphs.

After successful account creation and data feeding, you can export (also import) these data in CSV file. In order to prevent data loss, you can easily create backup using dedicated option given on its interface.

Accounts & Budget

Accounts & Budget is another free budget management software. To use this software for budget handling purpose, first of all, you need to choose the account from given account types, which are deposit accounts, savings accounts, and investments accounts. After setting up the year to plan the budget, you can access a sheet to enter various details about income, investments, outgoing expenses such as car, home, insurances, taxes, etc. Also, you can enter the details about transfer of budget. It lets you forecast, set rules, and specify error margins for all these aforementioned options. Thus, it is helpful in creating a database of your budget and expenses.

Like some other software of this list, it also supports different currencies including USD, EUR, FIN,PLN, ITL, etc. You can also add currencies as per your need. It has options to export/import all data in CSV or TXT format. As in some other software of this list, you can also graphically analyze your account details such as income, outgoings, and transfers.

You can also use this software to manage bank transactions, due payments, payers and payees, etc.

Buddi

Buddi is another software that can be used as a personal budget management software. It has three menus on its interface, that are My Accounts, My Budget, and My Reports.

It is obvious that firstly you need to add an account to manage its budget. So, add an account along with its initial amount. After that, you can specify the account type from cash, investment, saving, liability, credit card, loan, etc.

As you open ‘My Budget’ tab, you can enter the amount of income from various sources for particular month. These income sources are classified in three categories bonus, investment income, and salary. At the same time, you can also list your expenses incurred in that month on various things such as entertainment, auto, household, utilities, etc. Now, the software will automatically calculate net income per month by analyzing entered data.

It also has options to set budget period as weekly, monthly, yearly, semi-monthly, etc. You can easily generate various reports for your income and expenses in HTML format, and also export added data in Buddi Live format. If you are saving the added file in your PC’s local folder, then it lets you encrypt the file with a password.

Budgeter

Budgeter is another free and open source budgeting software for Windows. This software lets you create a list of all your expenses incurred on various things, which are classified into various categories. Some of these categories are car, clothes, food, etc. You can also add new category as per your requirement.

You can also use this software for budget management of multiple users. To do so, you can add multiple accounts. You can add various entities as per their characteristics such as grocery shop (where money is spent), employer (entity which pays salary), etc. This software basically helps to display you the total unallocated amount vs allocated (utilized) amount of money in a tabular form. Also, in the same table, you can see how much percentage of money is invested on a particular category.

This software even lets you view the summary of your historical expenses for a month, whole year, or a specified duration of time. It also helps you to manage your transactions along with full details such as date, from account, to account, some additional notes, etc.

BudgetTracker

BudgetTracker is another free personal finance software for Windows that helps to manage budget. It is an easy to use software that lets you view overall budget and monthly expenses’ statistics.

To use this budget tracking software, first of all, you need to select the month and year to estimate the budget. After that, it will open a calendar for that month in which you can enter your daily expenses incurred on mortgage, groceries, power, phone, car, gas, school, cloths, fun, and many other things. Now, as you hit ‘Save’ button, the software lists all added months and displays total expense for selected month. You can also checkout statistical data for expenses of particular month, or total monthly average expenses for all added months. It also lets you analyze overall budget statistics in a summary like view. It also displays least/most expensive month to further plan your budget in a better way.

Like many other software of this list, it also lets you generate report for selected month and print it.

KMyMoney

KMyMoney is another alternative for a free budgeting software for Windows. It is basically a money management software that has a budgeting option. Therefore, you can also use this software to schedule transactions, categorize your sources of income and expenses, manage payees, ledgers, investments, etc.

You can easily access the budgets menu from its interface to assign monthly or yearly budget. As aforesaid, it is a money management software that keeps tracking your income and expenses, so it will display total available balance in the budget table by tracking your income and expenses for a defined budget period. Also, it supports budget forecasting using one of three methods: Simple Moving average, Weighted Moving average, and Linear regression.

It also lets you view the financial summary such as details of asset accounts, liabilities accounts, payment accounts, current balance, etc. just in a single window.

Like many of these free budgeting software, it also lets you generate reports related to income and expenses, transactions, cash flow, investments, taxes, and also budgets. In addition to report generation, you can visually analyze all these things by generating pie chart or simple chart.

moneyGuru

moneyGuru is another free home budget management software that keeps a track on your budget. It lets you specify budget repetition types as daily, weekly, monthly, yearly, or every second Monday of the month. At the same time, you can specify the budgeted amount, and start and stop date for the budget. At the end of the budgeting period, you can checkout remaining budget, and also your investments. You can generate pie chart, bar chart, or other graphs to visually analyze your financial status. Besides that, you can import as well as export budget information CSV, TXT, QIF, QFX, or OFX files.

As it is a finance management software, it is helpful in checking profit and loss, and managing transactions. This software also has transaction scheduling feature.

dsBudget

dsBudget is another free software that can be a suitable choice as a free personal budgeting software. Using this software, it is very easy to allocate budget for different expenses. You just need to enter the total income and deductions, and it will automatically calculate and display total net income available to use. Now, as you have the knowledge of your total budget, you can specify the part of this budget to fulfill different needs. To allocate budget, you just need to adjust the slider (available in front of different categories) at appropriate position, and the allocated budget for that particular category (thing) will be deducted from total available budget. Some of these predefined categories are gasoline, entertainment, grocery, utility, etc. You can also add new categories, if needed. Thus, it helps to plan and estimate budget for different expenses.

At the lower part of the interface, it displays the graph related to all added categories.