Top 5 Financial Planning Software in Canada for 2021
Are you looking for the best financial planning software to manage your finances in Canada? With so many options out there, it can be challenging to find the right one for your needs. In this article, we will take a look at the top 5 financial planning software in Canada for 2021.
1. Mint
Mint is a popular financial planning software that provides you with a complete picture of your finances. It allows you to track your expenses, create budgets, and set financial goals. The software sends you alerts when you go over budget, and it also provides personalized insights that help you save money. Mint is entirely free, making it an excellent choice for budget-conscious users.
2. Quicken
Quicken is another popular financial planning software that caters to users who prefer a more comprehensive approach. Quicken provides a wide array of features such as bill management, investment tracking, and budgeting. The software supports more than 14,000 financial institutions in Canada, making it easy to manage finances across multiple accounts. Quicken offers both mobile and desktop applications, starting at $40 per year.
3. YNAB
YNAB, also known as You Need A Budget, is a financial planning software that puts emphasis on budgeting. With YNAB, users can create and track a budget to improve their overall financial health. YNAB allows you to import transactions from your bank and credit cards, making it easier to stay on top of your finances. The software costs $84 a year, but the benefits of creating and staying on a budget can significantly outweigh the cost.
4. Wealthica
Wealthica is a Canadian-based financial planning software that allows you to see all of your investments in one place. The software integrates with over 60 Canadian banks and brokerages, including Wealthsimple, Questrade, and TD Direct Investing. Wealthica provides users with extensive portfolio analytics and an easy-to-use dashboard. Wealthica offers a free version, as well as a premium version that costs $39.99 per month.
5. Personal Capital
Personal Capital is a financial planning software that allows you to manage your investments, expenses, and savings in one place. The software provides a comprehensive view of your finances by linking all of your accounts, including your 401k and other retirement accounts. Personal Capital offers users investment advice and managed portfolios for a fee. The basic version of Personal Capital is free, but the investment management services start at 0.89% per year.
Conclusion
In conclusion, choosing the right financial planning software is crucial to managing your finances effectively. The above-listed software covers a range of needs, from budgeting to investment management. Take the time to understand your financial goals and choose a software that caters to your specific needs. Ultimately, the right financial planning software can help you save more money and achieve your financial goals.
